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 […]
Tag: banks
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 […]
Banks from 18 nations open 30 special vostro accounts for trade in rupee
Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
Better financial health of RRBs prompts sponsor banks to explore listing them
Regional Rural Banks (RRBs), once considered laggards in the banking ecosystem, are slowly coming into their own. For the first time, banks are now considering […]
Ten more banks set to join syndication for Reliance Industries Ltd’s $3 billion loan
At least 10 more lenders are set to join the third leg of the syndication of $3 billion loans to Reliance Industries Ltd and Reliance […]
Bank of Maharashtra cuts home loan rate to 8.4%
Bank of Maharashtra has reduced home loans rates by 20 basis points to 8.40%, making it one of the lowest in the industry, to attract […]
SVB collapse: Name mix-up sends an Indian bank’s customers into panic mode
The collapse of Silicon Valley Bank (SVB) in California had impacted the customers of Mumbai-based Indian bank. A cooperative bank called Shamrao Vithal Cooperative Bank […]
Indian banks well placed for next fiscal say rating agencies
Global credit rating agency Moody’s has maintained a stable outlook for India’s banking system citing strong fundamentals of the local economy which will support credit […]
Indian banks unprepared for RBI’s ESG push, survey shows
Indian banks are not prepared to adopt environmental, social and governance (ESG) norms as part of their lending models due to reasons including a lack […]
Assets worth Rs 26,000 crore monetised in FY23: NITI Aayog
The government has monetised assets worth ₹26,000 crore during FY23 against the target of ₹1.6 lakh crore for the current fiscal while proposal pipeline aggregating […]