- Mar23By PTI
Concerned over the rising number of loan default cases, the Reserve Bank today warned lenders against outsourcing their credit processing activities to third-party entities.
"We encourage the banks that whatever
Bharatiya Mahila Bank will launch nine more branches by this month end to close the fiscal with a network of 60 outlets, a top official said today.
"The number of
- Mar22By PTI
European Investment Bank (EIB), the world's largest multilateral borrower and lender, has sought Reserve Bank of India's approval to finance various infrastructure projects in the country in Indian rupee.
Finance Ministry has called the first meeting of all stakeholders, including MSME and microfinance institutions, on March 25 for discussing formalisation of structure of the Rs 20,000-crore Mudra Bank.
PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number
- Mar20By PTI
Reserve Bank Deputy Governor SS Mundra today said that he expects banks to cut interest rates as the central bank has already lowered policy rates twice in quick succession.
- Mar15By PTI
Government proposes to introduce Priority Sector Lending Certificates (PSLCs), on the lines of carbon credit trading, where in banks can earn premium for exceeding targets.
This will be a part
- Mar09By PTI
More private sector banks should be engaged in the agency business of the central and state governments for speedy implementation of various subsidy schemes, according to industry body Assocham.
Some banks are adopting stricter lending criteria for China's state-owned enterprises (SOEs), demanding collateral from some companies they used to deem as safe as government debt, as Beijing tries to
- Mar04By PTI
Country's largest lender State Bank of India today welcomed the second surprise rate cut by Reserve Bank and promised to take an "appropriate call" on its lending rates.