The Reserve Bank of India (RBI) on Monday cancelled licence of Garha Co-operative Bank, Guna in Madhya Pradesh as the lender does not have adequate […]
Tag: banks
Bank of Baroda, Indian Overseas Bank hike lending rates; SBI also nudges up its deposit rates
Bank of Baroda and Indian Overseas Bank have increased their marginal cost of fund-based lending rates (MCLR), following a hike in the interest rates on […]
Several banks open special vostro accounts for trade in rupee, more countries expressing interest
Several banks, including HDFC Bank and UCO Bank, have opened special vostro accounts to facilitate overseas trade in the rupee and many countries have expressed […]
ICICI Bank signs MoU with European bank BNP Paribas
ICICI Bank on Tuesday signed a Memorandum of Understanding (MoU) with a European bank BNP Paribas in order to cater to the banking needs of […]
Banks report record quarterly NII in Q3 amid improving credit offtake and better asset quality
The banking sector reported the strongest year-on-year growth in net interest income (NII) for the December 2022 quarter since the pandemic hit June 2020 quarter […]
Finance lobbies call on India and EU to cut a deal amid RBI-ESMA rift over clearing houses
Mumbai: European Union (EU) banks in India may have to drastically reduce their activity, reject clients and potentially exit if India and Europe do not […]
Indian banks sound, not lending on market cap: RBI Governor
Indian banks and non banking finance companies (NBFCs) with exposure to the Adani Group are sound and are in compliance with the regulations regarding exposure […]
Adani plans to prepay $500 million March loan to banking group
The Adani Group plans to prepay a $500 million loan due next month to a group of banks as the Indian conglomerate looks to bolster […]
Banks’ exposure to Adani group ‘insufficient’, face limited risk: Fitch
Indian banks’ exposure to Adani group is “insufficient in itself” to pose a substantial risk to their credit profiles, Fitch Ratings said on Tuesday. Adani […]
Banking laws recast likely to protect bankers from Lokpal
India is eyeing a significant revamp of the banking laws that includes ring-fencing bankers from the Lokpal Act, stock options for state-owned banks’ employees, and […]