The Reserve Bank of India (RBI) on Friday said that the banking sector remains resilient and stable, allaying fears amid growing concern about the exposures […]
Category: BFSI
SBI, BoB say Adani exposure within limits, payments on track
Two top public sector banks have said that their loan exposure to the Adani Group is being serviced regularly and its well within their corporate […]
India’s largest bank SBI has $2.6 billion of loans to Adani Group companies
State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about […]
Tata Sons looks to shed its ‘Upper Layer NBFC’ tag
Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in October 2021, that included it […]
UP seeing fast increase in new borrowers: Transunion Cibil
Credit penetration is fast increasing in historically under-banked regions. Uttar Pradesh has shown the strongest improvement in credit health with a CMI value of 102, […]
RBI OKs Hinduja hiking IndusInd Bank stake
The Reserve Bank of India (RBI) has given in-principle and conditional approval to IndusInd International Holdings Ltd, a Hinduja Group entity, to raise its stake […]
47.8 cr Jan Dhan accounts opened, says FM Sitharaman
As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for […]
Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
A ‘Mahila Samman Saving Certificate’ with a fixed interest rate of 7.5 per cent for two years was announced on Wednesday by Finance Minister Nirmala […]
Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh
Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh and Monthly Income Account […]
Govt proposes changes in Banking Regulation Act, other laws to enhance investors’ protection
To improve bank governance and enhance investors’ protection, Finance Minister Nirmala Sitharaman on Wednesday proposed certain amendments to the Banking Regulation Act, the Banking Companies […]