Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
Category: BFSI
Pause in interest rate hikes may spur private investment: Sanjiv Bajaj, president, CII
New Delhi: A pause in interest rate increases by the Reserve Bank of India (RBI) could provide private investment the support it needs to build […]
L&T Finance invites bids for ₹880-cr Xrbia loans
L&T Finance is seeking buyers for a distressed real estate portfolio comprising loans given to Pune-based Xrbia Group, said two people aware of the development. […]
Indian banks have a strong case to not bear the brunt of Silicon Valley Bank collapse
The fallout from the collapse of Silicon Valley Bank that has spread fears across countries may not adversely hit Indian lenders banking on their strong […]
Better financial health of RRBs prompts sponsor banks to explore listing them
Regional Rural Banks (RRBs), once considered laggards in the banking ecosystem, are slowly coming into their own. For the first time, banks are now considering […]
‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and […]
Govt appoints Siddhartha Mohanty as interim chairman of LIC
The government has appointed Siddhartha Mohanty as the interim chairman of Life Insurance Corporation of India (LIC) for three months starting March 14. As per […]
Ten more banks set to join syndication for Reliance Industries Ltd’s $3 billion loan
At least 10 more lenders are set to join the third leg of the syndication of $3 billion loans to Reliance Industries Ltd and Reliance […]
Bank of Maharashtra cuts home loan rate to 8.4%
Bank of Maharashtra has reduced home loans rates by 20 basis points to 8.40%, making it one of the lowest in the industry, to attract […]
SVB collapse: Name mix-up sends an Indian bank’s customers into panic mode
The collapse of Silicon Valley Bank (SVB) in California had impacted the customers of Mumbai-based Indian bank. A cooperative bank called Shamrao Vithal Cooperative Bank […]