The RBI on Thursday allowed three publicsector lenders—Bank of India, Bank of Maharashtra and Oriental Bank of Commerce—to exit the Prompt Corrective Action Framework (PCAF).
An internal investigation by the retired Supreme Court Justice BN Srikrishna-led panel into the alleged quid pro quo transactions in ICICI Bank’s loans to Videocon Group, has concluded that there w
While private sector banks have started showing some recovery in earnings trajectory, the results of public sector banks declared so far indicate that the elevated bad loans recognition cycle
Ravneet Gill is the new managing director and chief executive officer of Yes Bank and is expected to join the Bank latest by March 1, 2019 for a period of three years.
The Central Bureau of Investigation (CBI) has booked Chanda Kochhar, former chief of ICICI Bank, and her husband Deepak Kochhar for alleged cheating and corruption in sanctioning loans to companies
State Bank of India’s (SBI) decision to put on sale its entire exposure of Rs 15,431.44 crore to beleaguered Essar Steel on a full-cash basis is guided by the need to preserve the time value of mon
In a bid to improve the ease of doing business, the Reserve Bank of India (RBI) on Wednesday put foreign borrowing on the automatic route for all FDI-eligible entities and substantially raised the
Weak economic growth and low inflation numbers released recently seems to have created a headroom for the Reserve Bank of India’s Monetary Policy Committee (MPC) to consider changing its monetary p
In a sudden development, Rajesh Sud, former managing director and CEO of Max Life Insurance, one of the front-runners to head Yes Bank, has backed out from the race making Rajat Monga, senior group
2019 is likely to be a better year for the Indian rupee and the bond market although there are several domestic and global events that could play party pooper.