Indias Forex Reserves Can Cover 10 Months Imports, Says RBI
The import cover of India’s foreign exchange reserves increased to 10 months as at June-end 2019 from 9.6 months as at... Read more
Merger Of 3 PSBs — Structurally And Culturally
At a two-day summit in Kerala recently, top management of Union Bank of India, Andhra Bank and Corporation Bank met to a... Read more
Tata, Nilekani Promoted Avanti Finance To Soon Raise $ 30-40 Mn
Avanti Finance, the microloan-focused NBFC promoted by Ratan Tata and Nandan Nilekani from their personal philanthropic ... Read more
Govts Focus On Resolution, And Not Loan Recovery, Is Retrograde: AIBEA
“Banks should concentrate on loan recovery, but the Government is stressing resolution. This is a retrograde step. The... Read more
Paytm Raises $660 M From Alipay, SoftBank, Others
One 97 Communications, the company that operates Paytm, has raised $660 million from Alipay, T Rowe Price, SoftBank and ... Read more
24/7 NEFT Services: Banks Face Many Challenges
While round-the-clock availability of funds transfer from December 16 under the National Electronic Funds Transfer (NEFT... Read more
RBI Seen Cutting Rate Again To Arrest Falling Growth
Economy growth worries may outweigh central bank’s retail inflation concerns Read more
Digital Transactions In October: Top Score For Fino Payments Bank
SBI, Bank of Maharashtra are ‘good’ performers among PSBs Read more
Axis Bank More Than Doubles Loan Provisions For Troubled Sectors
Axis Bank is setting aside more capital, more than twice over the regulatory requirements, for loans in sectors it has i... Read more
Experts Say RBI May Cut Interest Rates Again To Support Growth
The Reserve Bank may cut interest rates for the sixth straight time on December 5 to support growth that has continued t... Read more
Indias Credit Card Industry Has Room For Growth Despite Challenges
With low card penetration, is India's credit card industry a victim of arrested development or will it embrace opportuni... Read more
Government Plans To Amend IBC To Ring-fence Buyers Of Stressed Assets From Prosecution
May move an amendment during the current Winter Session of the Parliament Read more
ECL Finance Mops Up ₹515 Cr Via NCD Issue
Edelweiss Financial Services Ltd (EFSL) on Sunday said the public issue of secured redeemable non-convertible debentures... Read more
Credit Rating Agencies May Face Methodology Scrutiny: Nirmala Sitharaman
Companies rated 'Highest' collapsed immediately Read more
'City Union Bank Banked On Its Core Strengths And Avoided Scale Trap'
City Union Bank is a classic example of how banks should use their core strengths to grow in a steady manner without g... Read more