Indian banks’ asset quality improved over the last couple of years and is soon expected to be better than what it was in 2015 before […]
Category: BFSI
SBI allows Bhim-based real-time payment with Singapore
A day after a real-time payments system linkage was established between India and Singapore using the UPI platform, State Bank of India on Wednesday announced […]
More insurance players, wider range of products key to achieve insurance for all goal by 2047:Irdai’s Debasish Panda
India needs more number of insurance players, much wider range of products and also more distribution partners to achieve the insurance for all goal by […]
HSBC India profit up 15%; bank will continue to expand balance sheet, says CEO Hitendra Dave
Hong Kong and Shanghai Banking Corp Ltd (HSBC), Europe’s largest bank by assets, said its India profit had risen 15% year on year amidst all […]
Decentro sets up operations in Singapore, appoints Wingpay’s Saksham Shubham as business head for SE Asia
India-based banking-as-a-service platform Decentro has set its foot in the Asia Pacific region with the commencement of its Singapore operations. The company is applying for […]
Adani Ports planning to prepay Rs 1,000 crore on CPs due in March
Adani Ports and Special Economic Zone, a group company of the beleaguered Adani Group, plans to prepay Rs 1,000 crore ($120.8 million) in commercial papers […]
Banks seek more time to report loan frauds to RBI
Banks have asked the Reserve Bank of India (RBI) for a relaxation in the rules on reporting loan frauds, reasoning that the existing norms are […]
Bank mergers have benefited the sector: RBI
Bank mergers have benefited both the acquirer and the acquired, according to a report by Reserve Bank of India researchers. While the transactions have helped […]
RBI cancels licence of MP-based Garha Co-operative Bank
The Reserve Bank of India (RBI) on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate […]
Bank of Maharashtra tops list of public sector lenders in loan growth, asset quality
Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms of loan growth percentage during the third quarter of 2022-23, […]