Economic Times
IDBI Bank's Stressed Assets Stabilisation Fund (SASF) is facing hurdles in its bid to recover 11.59% from the sale of non-performing loans worth ₹6,
Global interest in Indian debt is set to surge, potentially exceeding the expected $2 billion monthly inflow from JP Morgan's bond index inclusion. Ci
Temasek Holdings plans to increase its exposure to India by investing $2-3 billion annually over the next two to three years. The Singapore sovereign
The RBI has mandated banks to give borrowers three weeks to respond before labeling accounts as fraudulent, aligning with a Supreme Court ruling on na
Banks plan to form a Section 8 entity under the Companies Act to secure an SRO license for the fintech sector. Talks have included the Payment Council
Temasek, the Singaporean investor, plans to invest $10 billion in India over three years, focusing on financial services and healthcare amid India's e
State Bank of India (SBI) has introduced a new 444-day deposit scheme with 7.25% interest, 15 basis points higher than the prevailing rate. The bank's
Axis Bank faced glitches after migrating Citibank customers to its systems, with many unable to access accounts or log into the Axis app. Axis acknowl
This new system aims to expedite the insurance claims process and make it more transparent, with real-time access to claims settlement status by the I
Goldman Sachs has named Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of its investment banking business in India. Sunil Khaitan has also
Following recent elections, increased government spending has injected liquidity into India's banking system, resulting in lower overnight borrowing r
About a dozen such alternative investment funds (AIFs) have recently received notices, with the revenue department questioning why their schemes, hous
Bank credit grew 14% while deposits grew 11% year-on-year, highlighting concerns over asset-liability mismatches. RBI emphasizes the need for banks to
In a rare move, the Reserve Bank of India (RBI) has raised concerns about Asheesh Pandey's conduct as an executive director at Bank of Maharashtra, in
The Insolvency and Bankruptcy Code (IBC) is seeing a rise in resolved cases, with a focus on innovative approaches and transparency to improve recover
Significantly the growth in deposits as well as credit was lower than the year ago period reflecting a slowdown in economic activity due to the unce
The government plans to introduce amendments to various banking laws during the Budget session to facilitate banking sector reforms, including privati
RBI Deputy Governor M Rajeshwar Rao, at the Conference of Statutory Auditors and CFOs of Commercial Banks, urged better NBFC disclosures, emphasizing
Punjab National Bank (PNB) launched 'Safety Ring' within internet and mobile banking to counter cyber frauds. This optional feature allows daily limit
MD & CEO of Bandhan Bank Chandra Shekhar Ghosh said "When we started as a universal bank, we were committed to provide banking solutions to address th
