n a move that could weigh on personal expenses of wealthy Indians on foreign trips, including for gifts, the government has ended a key relaxation […]
Category: BFSI
Atul Khirwadkar appointed as first CEO of National Urban Co-operative Finance and Development Corporation (NUCFDC)
A well-known face in the cooperative banking sector Atul Khirwadkar has been appointed as the first Chief Executive Officer of the National Urban Co-operative Finance […]
Russian companies investing rupee surplus in Indian government bonds: IBA chief
Russian banks and companies who have trade surpluses with Indian lenders are using those rupee funds to invest in domestic government debt, the head of […]
Banks flag high overnight rates, liquidity terms
Banks have conveyed their concerns about persistently high overnight rates and liquidity conditions to the Reserve Bank of India (RBI) to ensure a more equitable […]
Bank of Baroda now has a business model as competitive as any private bank: Sanjiv Chadha, CEO
Within months of becoming the chief executive officer of Bank of Baroda, Sanjiv Chadha had to face social, economic and financial dislocation due to Covid. […]
Bank of Baroda made provision of Rs 500 cr against GoFirst exposure
Indian state-owned lender Bank of Baroda’s MD & CEO on Tuesday said that a provisioning of Rs 500 cr was made by the bank against […]
Banks request RBI for more time for new loan provisioning system
Banks have requested the RBI for one more year’s time to implement the system of Expected Credit Loss (ECL) for provisioning of loans. At present, […]
Banks play safe on lending to airlines after Go Air bump
Indian airlines may find it harder to take loans as banks have become cautious to lend to the sector after Jet Airways and now Go […]
PSU banks raising stakes in interest rate derivatives to diversify risk management
Mumbai: The Reserve Bank of India has often exhorted banks to utilise the domestic derivatives infrastructure to mitigate risk from their government bond positions. The […]
Govt panel may ready new list of public sector banks for privatisation
New Delhi: The government may set up a panel to draw up a fresh list of public sector banks that can be privatised, people aware […]