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First phase: Rs 89k-crore loans to be moved to NARCL
The chairman of Indian Banks’ Association (IBA), Rajkiran Rai G, said banks have identified accounts which can go to the ARC in th...
RBI asks banks not to delete CCTV footage from 2016 dem...
The move is aimed at helping enforcement agencies in their probe against illegal accumulation of new currency notes during the dem...
Lockdown set to hit Bajaj Finance’s FY22 AUM growth
The company said it has taken several measures to reduce its operating expenses and cost of funds to partially mitigate the financ...
RBI gives approval to re-appointment of CS Ghosh as MD ...
Ghosh, who has been one of foremost proponents of microfinance in India, founded Bandhan in 2001 as a not-for-profit enterprise th...
Carlyle-led investment in PNB Housing unfair to minorit...
In a note to institutional investors, SES argued that a rights issue would have been a fairer and better option for raising capita...
Covid woes: Banks’ collection efficiency for micro-loan...
Lenders feel that collection efficiency is likely to be ‘volatile’ in the first quarter of the current fiscal year due to the inte...
SBI likely to transfer Rs 20,000 crore NPAs to National...
These non-performing assets (NPAs) include Essar Power Gujarat, Coastal Energy and Reliance Naval.
RBI extends risk-based internal audit system to housing...
In February this year, RBI had issued a circular mandating the RBIA framework for select non-banking financial companies (NBFCs) a...
IOB net soars 143% to Rs 350 cr in Q4; plans to raise R...
Chennai-based public sector lender Indian Overseas Bank (IOB) on Monday a reported a 143% jump in its net profit to Rs 350 crore f...
RBI proposes removing cap on interest rates for micro-l...
The prescribed ceiling on lending rate for NBFC-MFIs has had an unintended consequence of not allowing competition to play out and...
HDFC Bank mobile app down for 1 hour; issues resolved
The bank’s IT infrastructure is under the Reserve Bank of India (RBI) audit for a series of technical problems reported earlier.
Uniform rule for MFIs may lead to competitive loan pric...
It would, however, remain to be seen that how would removing the margin cap for NBFC-MFIs lead to a reduction in interest rates fo...