- Oct21By PTI
Promising swift action on the debit card data compromise issue, Economic Affairs Secretary Shaktikanta Das today said there is no need to panic over the feared security breach that affected
- Oct20By PTI
SIDBI on Thursday launched a Rs 60 crore ASPIRE fund to promote innovation rural entrepreneurship and agricultural industry.
"SIDBI would contribute to various angel/ venture capital funds for investing
By FC Bureau
In an alarming cyber security breach data of a whopping 32. 5 lakh debit cards of ICICI Bank and SBI among others are feared to have been
- Oct14By FC Policy Bureau
The government has apparently dropped the idea of setting up a dedicated bank to take over bad loans of the banking sector. But it, nevertheless, plans to review provisioning
Varanasi-based Utkarsh Micro Finance, which is in the process of becoming a Small Finance Bank (SFB), has infused fresh equity capital by raising Rs 395 crore from eight domestic investors.
- Oct12By FC Bureau
The banking sector is set for further consolidation as the government is considering yet another mega merger of two PSU lenders, after fast-tracking the amalgamation of State Bank of India
A sharp decline in profitability and mounting losses could wipe out the revenue reserves of some PSU banks and hamper their near-term ability to pay interest on the bonds issued
The Reserve Bank of India on Thursday exempted the small finance banks (SFBs) from meeting existing regulatory ceiling on inter-bank borrowings till their existing loans mature or up to three
- Oct06By PTI
Indian banks are vulnerable to further decline in profits as they face slow credit growth and elevated non-performing assets, IMF has said, calling for "additional and more timely action" to deal with the problem of bad loans.
The delinquencies in loan against property (LAP) portfolios of non-banking financial institutions can significantly rise in one year, finds India Ratings and Research. Adopting tighter credit appraisal systems and
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