Rupee gains for 3rd straight session; rises 15 paise to 72.45 against USD
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The rupee strengthened for the third straight session on Friday and closed 15 paise higher at 72.45 (provisional) against the US dollar tracking positive domestic equities.
Standard and Poors affirms BB/B ratings on IDBI Bank with negative outlook
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S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.It also affirmed BB programme rating on the senior unsecured notes under its medium-term notes (MTN) programme and then withdrew the ratings a
S&P Global Ratings affirms BB/B ratings on IDBI Bank with negative outlook
newsdepo.com
S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.It also affirmed BB programme rating on the senior unsecured notes under its medium-term notes (MTN) programme and then withdrew the ratings a
Canara Bank announces 3 loan schemes amid fight against coronavirus
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State-run Canara Bank on Friday announced three loan schemes as part of the fight against the pandemic under which it will offer healthcare credit, business and personal loan to individuals
Banks need to monitor asset quality, prepare for higher provisioning: RBI
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RBI also expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers
Economy not as hard hit as 1st wave, uncertainties remain: RBI Report
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India's economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday
Ensure continuity in provision of financial services: RBI guv to pvt banks
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RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses
Second wave: HDFC Bank concerned over retail asset quality in near-term
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Borrowers who had to avail cover under regulatory dispensations like moratorium and restructuring after the first wave will be the highest impacted, its chief executive said
Rise in cyber crime post Covid is growing risk to bank ratings: S&P
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The banking sector is becoming more exposed to cyber crime after Covid-19 pandemic accelerated digitalisation and remote working, S & P Global Ratings said on Tuesday.Cyber attacks can harm credit ratings mainly through reputational damage and potential monet
IBA reaches out to govt for refund of compound interest waiver by banks
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The Indian Banks' Association (IBA) on behalf of lenders has approached the finance ministry to refund the burden fallen on their shoulders due to a recent Supreme Court judgment on the waiver of compound interest on all loan accounts which opted for moratori
If the mega cryptocurrency has left you nervous, hold your nerves as there is a silver lining in the mayhem the crypto asset class experienced last week
Kotak Mahindra Bank issues India's first FPI licence to GIFT AIF
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This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country
Reserve Bank imposes penalty on City Union Bank, 3 other lenders
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The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank.
A penalty of Rs 1 crore has been imposed on City Union Bank Limited for contravention
Govt garners Rs 4,000 crore from Axis Bank OFS, says DIPAM secretary
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The government had offered to sell its 58 million shares or 1.95 per cent stake of Axis Bank held through Specified Undertaking of the Unit Trust of India (SUUTI)
Ensure FCRA accounts opened for NGOs in 10 days of MHA approval: HC to SBI
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The Delhi High Court on Thursday directed the State Bank of India (SBI) to ensure it opens FCRA accounts for NGOs within 10 days of receiving approval from the Centre.
Central Bank gets nod to allot Rs 4,800-cr preference shares to govt
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Central Bank of India on Tuesday said its shareholders have approved allotment of preference shares to the government for a Rs 4,800-crore capital infusion.
