The government has taken various reforms following which asset quality of public sector banks has improved significantly with gross NPA ratio declining from the peak […]
Category: Enterprise
Bank of Baroda Increases Interest Rates on Retail Term Deposits
Bank of Baroda (Bank), one of India’s leading public sector banks, announced an increase in interest rates on Domestic Retail Term Deposits, including NRO and […]
Banks set to pilot dollar clearing and settlement at IFSC
Banks in India are about to take the first step to explore clearing and settlement of dollars in the country. Over the next few months, […]
Bank crisis abroad won’t hit India’s macro stability: DEA Secy Ajay Seth
The collapse of two American lenders and the crisis at Credit Suisse are unlikely to impact India’s banking system or its broader macroeconomic stability, said […]
HDFC-HDFC Bank merger gets NCLT approval
The National Company Law Tribunal (NCLT) on Friday gave its approval to the HDFC-HDFC Bank merger. The merger between the two entities has received in-principle […]
DIPAM rubbishes media reports of IDBI Bank disinvestment deferment
The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred and said that the transaction […]
NCLT approves Welspun takeover of Sintex BAPL
The National Company Law Tribunal (NCLT) bench of Ahmedabad on Friday approved a resolution plan submitted by Welspun Group for the turnaround of KKR-backed popular […]
Micro loan disbursement jumps 20% in December 2022 quarter to Rs 77,877 cr
Micro loan disbursement jumped about 20% in the December 2022 quarter to Rs 77,877 crore over Rs 65,392 crore in the year ago period, backed […]
Piramal to sell DHFL loans to JM Financial ARC
Piramal Capital & Housing Finance will sell its ₹5,546-crore bad loan portfolio inherited from Dewan Housing Finance (DHFL) to JM Financial Asset Reconstruction Company after […]
State-run banks told to draw up 3-year road map
The finance ministry has asked all state-run banks to draw up a strategic road map for three years starting fiscal 2024, government officials said. In […]