India’s decision to tax returns from fixed-income mutual funds is set to bolster its lenders’ efforts to lure deposits for financing a resurgent credit growth […]
Tag: rbi
Govt gave Rs 8,800 cr capital to SBI without the lender asking for it in FY18: CAG report
The Department of Financial Services (DFS) had given Rs 8,800 crore to State Bank of India as part of recapitalisation exercise without the country’s biggest […]
SBI Cards outpaces banks in adding new customers in February
SBI Cards continued to beat rivals such as HDFC Bank in new card additions through better activation rates. While SBI Cards added more than 300,000 […]
India’s e-rupee unpopular as central banks push digital currency
Just outside the Reserve Bank of India’s Monetary Museum – which charts the evolution of money, from barter to electronic transactions – Bachche Lal Sahani […]
IDFC FIRST Bank has partnered with Crunchfish to pilot a project to demonstrate offline retail payments
IDFC FIRST Bank, is set to be a part of RBI’s pilot project to enable offline payments. This project will give access to digital payments […]
SBI sells loan of Atibir Industries to CFM Asset Reconstruction Company
State Bank of India has sold ₹341 crore of principal loan outstanding from bankrupt Atibir Industries to CFM Asset Reconstruction Company for ₹250 crore through […]
Public sector banks to submit plan to deal with key business risks
State-run banks will within two weeks submit to the government a detailed scenario-mapped plan of various business risks, people familiar with the development. They will […]
Banks again fail to share subsidy with payments service cos
Two months after the National Payments Corporation (NPCI) steering committee decided on distribution of payments subsidy among banks and payment system operators, banks have yet […]
Banks reach out to RBI, seek easing of MSME bad loan rules
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 […]
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 […]