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: bfsi
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 […]
Credit Suisse crisis sends shivers amongst wealthy Indians
The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by […]
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 […]
Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows
The Shapoorji Pallonji (SP) Group has embarked on a business financial re-engineering by creating parallel structures for its real estate and infrastructure units under its […]
HC grants time to RBI to respond to PIL on uniform banking code for foreign exchange transactions
The Delhi High Court Monday granted six more weeks’ time to the Reserve Bank of India (RBI) to respond to a PIL seeking implementation of […]
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 […]
FSIB to soon start selection process for new LIC chairman
The Financial Services Institutions Bureau (FSIB), the headhunter for directors of state-owned banks and financial institutions, may select a new chairman for LIC this month. […]