Kotak Mahindra Bank has garnered about Rs 5,400 crore of fresh deposits courtesy of the RBI’s move to withdraw the Rs 2,000 denomination notes, a […]
Category: BFSI
Future LoCs to Africa could cover defence, says EXIM Bank MD
India’s future Lines of Credit (LoCs) to Africa could focus on defence exports to meet the requirements of the continent, MD of EXIM Bank of […]
Gold loan NBFC Indel Money looks to strengthen presence in western, central India
Gold loan non-banking finance company (NBFC) Indel Money has taken the decision to strengthen its presence in western and central India as a part of […]
Priority Sector Lending target deadline for Urban Cooperative Banks extended
Urban cooperative banks (UCB) are getting more regulatory relaxations. The Reserve Bank of India (RBI) has extended the deadline for meeting their priority sector lending […]
Cooperative banks will soon be able to do compromise settlements, write-offs on NPAs: Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said cooperative lenders will soon be able to do technical write-offs and execute compromise settlements with defaulting borrowers. […]
NCUI signs MoU with HCL Foundation for branding support to co-ops
In order to develop training infrastructure for co-ops, NCUI has joined hands with HCL Foundation as an MoU was signed by Dr Sudhir Mahajan, CE […]
RBI’s gold reserve up over 40% in five years
The Reserve Bank of India’s gold reserves is up more than 40 percent since it resumed purchase of the yellow metal over five years ago, […]
EPFO may hire separate consultants for equity and debt portfolios
The Employees’ Provident Fund Organisation is planning to hire two consultants to manage its debt and equity portfolio separately, instead of one so far, as […]
Banks reluctant to park funds with RBI despite high liquidity
Despite the prevalence of a large surplus of liquidity in the system, banks have shown reluctance to park excess funds with the Reserve Bank of […]
Rural India throws NBFCs a lifeline in season of lost momentum
Overall loan growth by non-banking finance companies crawled in Q4, growing just 2% annually during the quarter. Both semi-urban and urban sectors reported lower growth […]