Axis Bank Clarifies Downgrade By S&P Is An Editorial Error
The bank’s rating outlook is ‘Stable’ Read more
ECLGS: Private Banks Will Soon Catch Up With PSBs, Says Uday Kotak
Sees the scheme that provides 20 per cent additional working capital to eligible MSMEs gain momentum in the next few wee... Read more
AINLIEF Questions Bid To List LIC In Stock Markets
The All India National Life Insurance Employees Federation, affiliated to the INTUC, said that it strongly opposes the m... Read more
Govt Announces Launch Of 7-year Floating Rate Savings Bonds
The Government has announced the launch of seven-year Floating Rate Savings Bonds, 2020 (Taxable) scheme commencing from... Read more
RBI Extends CRR Relaxations Till September 25
The Reserve Bank of India (RBI) has extended the relaxation relating to maintenance of cash reserve ratio (CRR) by all s... Read more
Yes Bank Launches Digital Savings Account
Private sector lender Yes Bank has launched a full service digital savings account which would ensure physical distancin... Read more
IDBI Banks Board Approves 27 Per Cent Stake Sale In IDBI Federal Life Insurance Company
Ageas and Federal Bank will increase their stake in IFLI by 23 per cent (to 49 per cent) and 4 per cent (to 30 per cent)... Read more
Centre Promulgates Ordinance To Bring Co-operative Banks Under RBI Supervision
The Ordinance seeks to protect the interests of depositors and strengthen cooperative banks by improving governance and ... Read more
S&P Downgrades Ratings Of Four NBFCs
Global rating agency Standard and Poor’s has downgraded ratings on four non-bank finance companies including Bajaj Fin... Read more
SOLV Partners With Standard Chartered Bank To Launch Credit Card For MSMEs
SOLV, a B2B digital platform for Micro, Small and Medium Enterprises (MSMEs), has launched a credit card tailor-made for... Read more
Put Your Head Down And Play The Difficult Over, And There Will Be Opportunities To Score Fours And Sixes
The Covid-19 pandemic has posed a fresh set of challenges to the already slowing Indian economy as well as to the financ... Read more
S&P Downgrades Ratings Of Axis Bank, Puts Indian Bank On Credit Watch
Global rating agency Standard and Poor’s, on Friday, lowered the ratings of private sector lender Axis Bank as it beli... Read more
Banks Eye One-time Settlement Route To Recover Bad Loans
“When one door closes, another opens…,” AG Bell, the great inventor, scientist and engineer once said. This adage ... Read more
Banks Undertake Stress Tests To Assess Impact Of Covid On NPAs
Banks have undertaken stress tests to assess the level of bad loans or non-performing assets (NPAs) caused due to econom... Read more
SC Dismisses Anticipatory Bail Plea Of DHFL Promoters In YES Bank Case
The Supreme Court, on Friday, dismissed the anticipatory bail pleas of DHFL promoters Dheeraj Wadhawan and Kapil Wadhawa... Read more