The Shapoorji Pallonji (SP) Group has embarked on a business financial re-engineering by creating parallel structures for its real estate and infrastructure units under its […]
Category: BFSI
HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions
The Delhi High Court Monday granted six more weeks’ time to the Reserve Bank of India (RBI) to respond to a PIL seeking implementation of […]
India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23
The government has taken various reforms following which asset quality of public sector banks has improved significantly with gross NPA ratio declining from the peak […]
Credit Suisse’s discounted sale a signal for all bankers: Kotak
Asia’s richest banker Uday Kotak Monday pointed to Credit Suisse’s garage-sale valuations – a $3-billion takeover of a $600-billion balance sheet – to warn his […]
Dr. Bhagwat Karad launches a book on Cyber Security
This book was written by Ashok Kumar Tiwari who is working as CISO & IT Head at TMSBL Mumbai and book has been launched in […]
FSIB to soon start selection process for new LIC chairman
The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, may select a new chairman for LIC this month. […]
Bank of Baroda Increases Interest Rates on Retail Term Deposits
Bank of Baroda (Bank), one of India’s leading public sector banks, announced an increase in interest rates on Domestic Retail Term Deposits, including NRO and […]
Banks set to pilot dollar clearing and settlement at IFSC
Banks in India are about to take the first step to explore clearing and settlement of dollars in the country. Over the next few months, […]
Bank crisis abroad won’t hit India’s macro stability: DEA Secy Ajay Seth
The collapse of two American lenders and the crisis at Credit Suisse are unlikely to impact India’s banking system or its broader macroeconomic stability, said […]
HDFC-HDFC Bank merger gets NCLT approval
The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. The merger between the two entities has received in-principle […]