The Reserve Bank of India (RBI) on Thursday proposed registering peer-to-peer (P2P) lending platforms as non-banking finance companies (NBFCs) so as to bring them under the purview of its regulations.
Brokerage house Morgan Stanley has said Reserve Bank's asset quality review (AQR), which led to a higher provisioning for bad loans, is not the "panacea" and the system will continue reporting stress in 2016-17 as well.
Government on Thursday invited bids from merchant bankers to assist in its stake sale in three PSUs - OIL, NFL and RCF - which could fetch around Rs 2,260 crore to the exchequer.
Singapore’s largest lender DBS Bank on Tuesday launched ‘digibank’, a mobile only bank, offering 7 per cent interest for accounts opened through it.
The bank is targeting five
In the wake of languishing corporate credit growth, securitisation has emerged as the key route for public sector banks (PSBs) to boost their retail books. But as a higher
Private lender DCB Bank on Tuesday reduced both base rate or the minimum lending rate and the marginal cost of funds-based lending rate (MCLR), a move which will lower EMIs
- Apr25By PTI
Public sector banks (PSBs) will not be able to raise funds from the markets and government will have to provide capital support to them in the near term given their weak solvency position, Moody's has said.
The proportion of deposits under current account and savings account of a bank has never been a matter of concern for a customer who intended to avail loan from it.
The bank board bureau (BBB) that has been set up to guide the affairs of state-run banks will hold its second meeting here on Friday and this time on its
Sanctum Wealth, a firm led by former RBS senior executive Shiv Gupta, has acquired private wealth management business of Royal Bank of Scotland.
Gupta’s firm, backed by a group of