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 […]
Tag: bfsi
Bank mergers have benefited the sector: RBI
Bank mergers have benefited both the acquirer and the acquired, according to a report by Reserve Bank of India researchers. While the transactions have helped […]
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 Maharashtra tops list of public sector lenders in loan growth, asset quality
Bank of Maharashtra (BoM) has emerged as the top performer among state-owned lenders in terms of loan growth percentage during the third quarter of 2022-23, […]
Bank of Baroda CEO says willing to keep lending to Adani Group
One of India’s biggest state-backed lenders is willing to consider lending additional money to the beleaguered Adani Group including for a project to remodel a […]
60 pc private insurers see rapid rise in fraud: Deloitte survey
About 60 per cent of Indian private insurers believe there has been a significant rise in insurance-related frauds, and as risks lurk there is an […]
Adani credit flashes warnings after group gorged on cheap debt
Gautam Adani’s sprawling corporate empire embraced the era of cheap debt like few others. But with yields spiking and access to overseas financing suddenly in […]
IL&FS probe: PMLA court grants bail to ABG Shipyard chairman Rishi Aggarwal, wife
A special prevention of money laundering act (PMLA) court on Thursday granted bail to ABG Shipyard chairman, Rishi Agarwal and his wife Anupama, in an […]
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 […]
SBI hikes MCLR-based lending rates by 10 bps
The nation’s largest lender State Bank of India on Wednesday marginally increased the short-term lending rates across overnight to three year maturities by 10 basis […]