• Aug
    26
    By PTI

    RBI’s move to allow banks to issue masala bonds will remove obstacles for lenders in accessing additional tier I (AT1) and tier II bond capital and also widen the investors pool, says Fitch.

  • Aug
    25

    Customers of 21 banks will be able to use the unified payments interface (UPI) for sending and collecting money via smartphones, st­arting today. The UPI application will enable

  • By PTI

    Reserve Bank on Thursday announced a slew of changes in fixed income and currency markets such as allowing lenders to issue 'masala bonds' and to accept corporate bonds under the

  • By PTI

    RBI on Thursday retained 'too big to fail' tag for the state-owned SBI and private lender ICICI Bank for the second year in a row, calling them systemically important banks

  • Aug
    24

    The country’s largest lender State Bank of India (SBI) on Wednesday said that it will raise up to Rs 11,000 crore ($1,653.45 million) through additional tier 1 (AT1) capital

  • By PTI

    Reserve Bank deputy governor S S Mundra on Wednesday said the level of bad loans and restructured assets rose to 12 per cent while for the public sector banks it

  • Aug
    23

    With companies continuing to raise funds through commercial paper instead of bank loans credit offtake has remained weak. As per the latest RBI data credit growth for

  • Even after 46 years of bank nationalisation in 1969, institutional credit growth in rural areas has not reached satisfactory levels and there is enough room for improvement and growth, President

  • The Chennai-based Financial Software and Systems (FSS), which deals in payments technology and transaction processing, on Tuesday launched FSS access control server. It is a secured authentication platform that

  • Aug
    21
    By PTI

    India is better placed than neighbouring China and Brazil in terms of banking distress risks, says a report prepared by the Bank for International Settlements (BIS), which also flagged that high corporate debt levels have caused overheating in some emerging economies.