Mumbai: European Union (EU) banks in India may have to drastically reduce their activity, reject clients and potentially exit if India and Europe do not […]
Tag: rbi
HSBC is betting big on India’s $400 billion pile of wealth
“Roaring with national pride. Soaring with global dreams,” blared the HSBC Holdings Plc ad outside an upscale Mumbai suburb in December. The 122-foot billboard displayed […]
Indian banks much stronger to be affected by individual incidents, RBI Governor Das says amid Adani crisis
The strength, the size and the resilience of the Indian banking system is now much larger and much stronger to be affected by an individual […]
5 more banks to join digital rupee pilot in 9 more cities soon
Five more banks will join the pilot on the central bank digital currency or e-rupee for retail customers and the project will be extended to […]
Indian banks sound, not lending on market cap: RBI Governor
Indian banks and non banking finance companies (NBFCs) with exposure to the Adani Group are sound and are in compliance with the regulations regarding exposure […]
Ujjivan Small Finance Bank launches app to ease banking access for ‘digitally challenged’
Ujjivan Small Finance Bank on Wednesday launched ‘Hello Ujjivan’, a mobile banking application with three Vs – voice, visual, and vernacular-enabled features – to provide […]
Moody’s says bank exposure to Adani not large to affect credit quality
Indian banks’ exposure to the Adani Group will not materially affect their credit quality since it is less than one percent of their outstanding, but […]
HSBC confident it can serve an aspirational India going global
With Citi India exiting India’s retail segment, another foreign lender, HSBC, is firming up plans to grab a bigger share of the pie. While the […]
Banks to face margin pressure next fiscal, net interest margin may fall by 10 basis points to 3.45%: Fitch
Banks will face margin pressure next fiscal as they increase the deposit rates to attract funds to support sustained high loan growth, and the same […]
Banks want funds in dormant accounts taken as CRR
Banks have reached out to the Reserve Bank of India (RBI) with a suggestion to count funds in unclaimed deposits and inoperative or dormant accounts […]