• May
    26
    By PTI

    BJP MP Subramanian Swamy on Thursday fired another salvo at RBI Governor Raghuram Rajan levelling six allegations against him and asked Prime Minister Narendra Modi to immediately terminate his services.

  • By PTI

    The new bankruptcy law is credit positive for Indian banks as it increases their bargaining power in distressed asset resolutions, Moody's investors service said on Thursday.

  • May
    25

    The cabinet committee on economic affairs (CCEA) on Wednesday cleared private lender Yes Bank’s proposal to increase foreign investment in the company to 74 per cent from the current level

  • May
    24
    By Douglas Busvine, Reuters

    Having bitten the bullet on bad loans, India’s state-owned banks now need to merge into half a dozen well-capitalised institutions that can underwrite economic growth, the official overseeing the sector’s

  • May
    23

    Large capital requirements with blurred profitability prospects and increasing competition in the payments space may force a few more players to reconsider their launch plans. Of the 11 payments

  • May
    21

    Amid concerns over rising bad loans in public sector banks, the newly-constituted bank board bureau (BBB) is planning to put in place a mechanism which would provide bank executives comfort

  • May
    19
    By PTI

    British banking major HSBC on Thursday announced a consolidation exercise under which it will almost halve the number of branches in the country to 26, which will lead to 300

  • May
    18

    State Bank of India’s (SBI) decision to acquire its five associate banks could escalate its employee cost, given the difference in pension/gratuity calculation between associate banks and SBI. According

  • Securitisation on loan receivables by microfinance institutions (MFIs) surged by 125 per cent to an estimated Rs 11,500 crore in FY16, according to rating agency Crisil. Securitisation was mainly

  • By PTI

    Dismissing Vijay Mallya's offer of part payment of bank loans, Punjab National Bank (PNB) on Wednesday said he must pay the full amount and settle the dues.

    "Although we are