The Finance Ministry on Friday denied media reports which claimed that the disinvestment process in IDBI Bank has been deferred and said that the transaction […]
Tag: rbi
RBI imposes Rs 5 lakh penalty on HDFC
The Reserve Bank of India on Friday said it has imposed a penalty of Rs 5 lakh on Housing Development Finance Corporation Limited (HDFC) for […]
RBI keeps close watch on Credit Suisse crisis
The Reserve Bank of India (RBI) is monitoring developments related to Credit Suisse, though the Swiss lender’s limited size and scope in the country means […]
State-run banks told to draw up 3-year road map
The finance ministry has asked all state-run banks to draw up a strategic road map for three years starting fiscal 2024, government officials said. In […]
Credit Suisse more relevant than Silicon Valley Bank in India: Jefferies
The fate of European lender Credit Suisse Group AG is of greater importance to the Indian banking sector than the collapse of Silicon Valley Bank, […]
Banks from 18 nations open 30 special vostro accounts for trade in rupee
Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
Pause in interest rate hikes may spur private investment: Sanjiv Bajaj, president, CII
New Delhi: A pause in interest rate increases by the Reserve Bank of India (RBI) could provide private investment the support it needs to build […]
Indian banks have a strong case to not bear the brunt of Silicon Valley Bank collapse
The fallout from the collapse of Silicon Valley Bank that has spread fears across countries may not adversely hit Indian lenders banking on their strong […]
‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and […]
Bank of Baroda slashes home loan interest rates by 40bps to 8.50%
Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the reduction in its home loan interest rates by 40 basis points […]