RBI Monetary policy LIVE: RBI may keep rates unchanged as Covid wave wanes
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RBI Monetary policy LIVE updates: RBI announcement comes in the backdrop of waning Covid-19 infections in recent days. Stay tuned for all the LIVE updates
RBI Monetary policy LIVE: RBI to maintain status quo as Covid-19 wave wanes
newsdepo.com
RBI Monetary policy LIVE updates: RBI announcement comes in the backdrop of waning Covid-19 infections in recent days. Stay tuned for all the LIVE updates
PSBs sanction 95% of all loans under PM SVANidhi scheme for street vendors
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Scheme provides working capital up to Rs 10,000 repayable in a year to hawkers, who get 7% interest subsidy from govt; banks get graded guarantee cover
Niti Aayog submits names of PSU banks to be privatised to govt panel
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Explaining the rationale behind the privatisation, Sitharaman had said that banks in the country needed to be bigger, just like the State Bank of India (SBI).
Rupee depreciates 9 paise to 73.18 against US dollar in early trade
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The Indian rupee slumped 9 paise to 73.18 against the US dollar in opening trade on Thursday tracking strengthening of the American currency in the overseas market.
Rupee depreciates 27 paise to 73.17 against US dollar in early trade
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The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency
NBFCs auction record volume of pawned gold, warn of crisis for banks in Q2
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Gold loan-focused non-banks like Manappuram Finance have auctioned a record 1 tonne, worth Rs 404 crore, of the pawned gold in the last quarter of 2020-21
NPAs of NBFCs, HFCs may rise to 4.5-5% by March 2022, says Icra
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Restrictions in movements imposed by various states are likely to impact collections of NBFCs and HFCs, which may see NPAs rising to 4.5-5 per cent by March 2022, says a report
CBI books Ghosh Brothers Automobiles in Rs 168 cr bank fraud case
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CBI said that it has registered a case against Guwahati-based Ghosh Brothers Automobiles and its promoters and directors in a bank fraud case worth Rs 168 crore
Rupee falls for 2nd day, declines 28 paise to 72.90 against dollar
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Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities
Edelweiss boosts co-lending partnership with Central Bank of India for MSME
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Edelweiss Retail Finance Ltd announced strengthening of its co-lending partnership with Central Bank of India for priority sector lending to micro, small and medium enterprises
Credit losses set to decline for most Asia Pacific banks, says S&P
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Credit losses are set to fall across most Asia Pacific banking systems over the next two years, S & P Global Ratings said on Tuesday.This is partly because targeted assistance to stretched borrowers will likely continue in many places until pandemic-related c
India's sovereign bond yields may stretch to April 2020 high, says expert
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India's move toward higher bond yields and interest rates will be another milestone in the recovery of global financial markets from the ravages of the coronavirus.
Bank frauds on the rise under Modi government, alleges Congress
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The Congress on Monday alleged that banking frauds have risen under the Modi government and accused it of allowing the fraudsters to either continue functioning in the country or leave.
Rupee snaps three-day winning streak, drops 17 paise to 72.62/USD
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The rupee on Monday declined by 17 paise to close at 72.62 (provisional) against the US dollar tracking the strengthening of the American currency in the overseas market.
Covid-19 second wave hits PSBs collection in May: Indian Bank Association
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Indian Banks Association (IBA) Chairman Rajkiran Rai on Sunday said that the second wave of COVID-19 has impacted the collections of Public Sector Banks (PSBs) in the month of May.
Banks have room to lend Rs 45,000 cr more under ECLGC scheme: IBA CEO
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As the government enhanced the scope of the Rs 3 trillion Emergency Credit Line Guarantee Scheme (ECLGS), banks on Sunday said they have sanctioned Rs 2.54 trillion
Covid-19: Banks begin process of restructuring of loans up to Rs 25 cr
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To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the COVID-19 relief measures announced by the Reserve Bank earlier this month.
Many lending i
SBI, HDFC Bank move SC against RBI directive to provide data under RTI act
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The two largest banks of India feared that such a directive could be detrimental to their business operations and compromise the confidentiality of customer information
UCO Bank aims 7-10% growth in FY22, allots shares to government
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City-based UCO Bank on Friday said it was aiming at a growth of 7-10 per cent in the current fiscal amid the second round of restructuring guidelines from the regulator due to the second wave of COVID-19 disruptions.
The bank also allotted 203.76 lakh sha
UCO Bank allots 203 cr preferential shares to govt for capital infusion
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UCO Bank on Friday said it has allotted over 203 crore preferential shares to the government in lieu of Rs 2,600 crore capital infusion for 2020-21.
«We hereby inform that the competent authority this day allotted 203,76,17,554 equity shares of Rs 10 e
