Within months of becoming the chief executive officer of Bank of Baroda, Sanjiv Chadha had to face social, economic and financial dislocation due to Covid. […]
Tag: bfsi
Bank of Baroda made provision of Rs 500 cr against GoFirst exposure
Indian state-owned lender Bank of Baroda’s MD & CEO on Tuesday said that a provisioning of Rs 500 cr was made by the bank against […]
Banks request RBI for more time for new loan provisioning system
Banks have requested the RBI for one more year’s time to implement the system of Expected Credit Loss (ECL) for provisioning of loans. At present, […]
Banks play safe on lending to airlines after Go Air bump
Indian airlines may find it harder to take loans as banks have become cautious to lend to the sector after Jet Airways and now Go […]
PSU banks raising stakes in interest rate derivatives to diversify risk management
Mumbai: The Reserve Bank of India has often exhorted banks to utilise the domestic derivatives infrastructure to mitigate risk from their government bond positions. The […]
Govt panel may ready new list of public sector banks for privatisation
New Delhi: The government may set up a panel to draw up a fresh list of public sector banks that can be privatised, people aware […]
RuPay is live on CVV-less Payments for Tokenized Cards
RuPay, India’s own homegrown card network serving millions of Indians across every nook and corner, is driven by the idea of solving and reducing friction […]
Poll freebies to hurt long-term growth, say experts
The freebies promised by the Congress party that swept the Karnataka polls could spur competitive populism in the build-up to the 2024 general election, experts […]
Asset reconstruction companies seek easier settlement guidelines for small loans
Asset reconstruction companies (ARCs) are asking the Reserve Bank of India (RBI) to review the recently prescribed norm that requires an independent advisory committee (IAC) […]
Creditors’ recovery via IBC surges to 36% of admitted claims in FY23
Financial creditors’ recovery from defaulters surged to 36% of admitted claims in FY23 from 23% in the previous fiscal and 17% in FY21, as national […]