New Delhi: Foreign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count toward […]
Category: Enterprise
Vedanta Resources Ltd taps global banks for $500-600 million loan
Anil Agarwal-promoted Vedanta Resources Ltd (VRL) is in discussions with Deutsche Bank and other global lenders including JPMorgan and Barclays to raise a $500-600 million […]
LIC Housing to focus on LAP, intensify its recovery efforts
LIC Housing Finance (LIC HF) will expand its branches in new geographies, increase focus on high-yielding loan against property (LAP) and intensify recovery efforts as […]
Bank of Baroda ‘well protected’ for switch to RBI’s new loan-loss proposal, says CEO Chadha
Bank of Baroda does not foresee any challenges in adhering to the central bank’s proposed loan-loss mechanism given its improved asset quality ratios and will […]
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. […]
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 […]
Asset reconstruction companies seek easier settlement guidelines for small loans
Asset reconstruction companies (ARCs) are asking the Reserve Bank of India (RBI) to review the recently prescribed norm that requires an independent advisory committee (IAC) […]
Creditors’ recovery via IBC surges to 36% of admitted claims in FY23
Financial creditors’ recovery from defaulters surged to 36% of admitted claims in FY23 from 23% in the previous fiscal and 17% in FY21, as national […]