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 […]
Tag: banks
Banks’ asset quality likely to improve further, say analysts
Indian banks’ asset quality improved over the last couple of years and is soon expected to be better than what it was in 2015 before […]
Banks seek more time to report loan frauds to RBI
Banks have asked the Reserve Bank of India (RBI) for a relaxation in the rules on reporting loan frauds, reasoning that the existing norms are […]
RBI cancels licence of MP-based Garha Co-operative Bank
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 […]
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 […]