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 […]
Tag: banks
ACRE raises binding offer for debt of Visa Steel
Ares SSG Capital-backed Asset Care and Reconstruction Enterprise (ACRE) gave an improved revised binding offer to the State Bank of India (SBI) to buy the […]
Indian banks can endure global banking turmoil fallout-S&P
Indian lenders are capable of enduring any potential contagion effects emanating from the U.S. banking turmoil and UBS’s recent takeover of embattled Swiss lender Credit […]
Bank fixed deposit (FD) interest rates could go up further, signals RBI
The intensifying competition among banks to expand their deposit base may force banks to increase fixed deposit rates going ahead, the Reserve Bank of India […]
India state-run banks’ gross NPA eases to 5.53%; earn profit of Rs 70,167 cr in Apr-Dec FY23
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 […]
Credit Suisse’s discounted sale a signal for all bankers: Kotak
Asia’s richest banker Uday Kotak Monday pointed to Credit Suisse’s garage-sale valuations – a $3-billion takeover of a $600-billion balance sheet – to warn his […]
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 […]
RBI keeps close watch on Credit Suisse crisis
The Reserve Bank of India (RBI) is monitoring developments related to Credit Suisse, though the Swiss lender’s limited size and scope in the country means […]
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 […]