State Bank of India, the country’s largest financier, has given loans of as much as $2.6 billion to companies in the Adani conglomerate, or about […]
Tag: rbi
Tata Sons looks to shed its ‘Upper Layer NBFC’ tag
Tata Sons has been exploring the possibility of being exempted from a Reserve Bank of India (RBI) notification, issued in October 2021, that included it […]
RBI OKs Hinduja hiking IndusInd Bank stake
The Reserve Bank of India (RBI) has given in-principle and conditional approval to IndusInd International Holdings Ltd, a Hinduja Group entity, to raise its stake […]
47.8 cr Jan Dhan accounts opened, says FM Sitharaman
As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for […]
Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
A ‘Mahila Samman Saving Certificate’ with a fixed interest rate of 7.5 per cent for two years was announced on Wednesday by Finance Minister Nirmala […]
Govt proposes changes in Banking Regulation Act, other laws to enhance investors’ protection
To improve bank governance and enhance investors’ protection, Finance Minister Nirmala Sitharaman on Wednesday proposed certain amendments to the Banking Regulation Act, the Banking Companies […]
No bad news is good news; pvt capex will take one more year to revive: Bankers
Bankers welcomed Finance Minister Nirmala Sitharaman’s budget proposals as being growth accretive, and hailed the focus on capital expenditure while continuing with fiscal consolidation. On […]
RBI relaxes restrictions on SBM Bank India until March 15
The Reserve Bank on Tuesday relaxed the restrictions on SBM Bank (India) and allowed ATM/POS transactions under Liberalised Remittance Scheme (LRS) till March 15. The […]
Gold loan NBFCs seek ‘priority’ sector status
Gold loan non-banking finance companies (NBFCs) have sought ‘priority’ sector status for eligible gold loans, including microloans, loans to farmers and micro businesses in the […]
Union Bank takes second shot at selling KSK Mahanadi loan account
Union Bank of India (UBI) has put its Rs 2,077 crore loan to KSK Mahanadi Power on sale for the second time in less than […]