State Bank of India has sold ₹341 crore of principal loan outstanding from bankrupt Atibir Industries to CFM Asset Reconstruction Company for ₹250 crore through […]
Category: BFSI
Public sector banks to submit plan to deal with key business risks
State-run banks will within two weeks submit to the government a detailed scenario-mapped plan of various business risks, people familiar with the development. They will […]
FSIB recommends Siddhartha Mohanty as LIC chairman
An autonomous body tasked with selecting top managers of state-run financial institutions and lenders has recommended the candidature of Siddhartha Mohanty, one of the four […]
CCI clears proposed investment by Qatar Investment Authority in BTS Investment 1 Pte
The Competition Commission of India (CCI) on Thursday said it has approved the proposed investment by Qatar Investment Authority in BTS Investment 1 Pte (BTS1), […]
Finance Ministry seeks data on state-bank bond portfolios amid global banking turmoil
India has asked state-owned lenders to submit details of their bond portfolios ahead of a quarterly meeting between the government and banks this Saturday, amid […]
Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore
Canara Bank on Thursday said it has sold its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State […]
Redact promoters’ Aadhaar info from docs: Sebi to investment banks
The markets regulator has asked investment banks to redact Aadhaar details of promoters from hundreds of offer documents filed by companies with Securities and Exchange […]
Tijoree Launches Smart & Transparent Banking for India’s Businesses
Tijoree, a fintech neobank, has announced its launch plans as it forays into the corporate neobanking space with its first product – Current Accounts. It […]
Banks again fail to share subsidy with payments service cos
Two months after the National Payments Corporation (NPCI) steering committee decided on distribution of payments subsidy among banks and payment system operators, banks have yet […]
Banks reach out to RBI, seek easing of MSME bad loan rules
Banks have reached out to the Reserve Bank seeking relaxation in recognition of non-performing assets in the MSME sector. Banks want that a restructured MSME […]