Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery in the fourth quarter, as […]
Tag: rbi
Banks on branch addition spree to cash in on credit growth
Indian banks are on a branch addition spree as they look to capitalise on the purple patch in credit growth. While digital banking is growing […]
No significant risk to Indian banking system from Adani Group: CLSA
Global broking and research firm CLSA on Thursday said it sees no significant downside risk to Indian banks from Adani group debt, in which the […]
Transition to expected credit loss-based provisioning may hit banks only one time: Report
The implementation of expected credit loss (ECL)-based provisioning model proposed by the Reserve Bank of India will be smooth as the transition will hit banks’ […]
Banks relying on costly market borrowings for lending
Banks are relying more on costly market borrowings instead of deposits to meet credit demand. Experts say that banks are yet to turn aggressive in […]
RBI bans SBM India from allowing foreign remittances
The Reserve Bank of India (RBI) has banned State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd from processing any foreign exchange remittances […]
PSBs will continue to lag private peers in deposits: Analysts
Public sector banks are benefiting from lower credit costs and increase in risk appetite due to asset quality clean-up, but they face the risk of […]
Banks transfer Jaypee Infratech’s ₹9,234-crore debt to NARCL
Banks have completed the transfer of ₹9,234 crore of Jaypee Infratech loan to the National Asset Reconstruction Company (NARCL), marking the first acquisition for the […]
Digital economy push offers hope for multiple players: Mastercard
India’s push towards expanding the digital economy offers room for multiple players to grow in the payments ecosystem, said Michael Froman, vice chairman and president, […]
Warehousing Development Regulatory Authority signs pact with SBI
Warehousing Development Regulatory Authority (WDRA) has signed a memorandum of understanding with State Bank of India to help farmers in getting low interest rate loans. […]