Auction results will be announced on May 30, while the settlement will occur on May 31, according to the RBI.
The higher deposit growth has come at a time when lenders are facing fierce competition to mobilise funds.
Bankers expect the cash squeeze to ease from next month after the new government takes charge and increases its spending.
The RBI has proposed up to 5% provisions on all existing and new project loans, making bankers jittery about the…
Bond traders believe that higher dividends will prompt the government to conduct more buybacks of securities and will improve liquidity…
In the interim budget, the government has set a target to bring down the fiscal deficit to 5.1% of GDP…
In the three buybacks conducted this month, the RBI has managed to repurchase bonds worth only Rs.17,849 crore, significantly falling…
Cash balances with the government have been estimated to have increased to Rs. 2.4 trillion.
After starting his career as an officer with the State Bank of India, he became the youngest chairman of public…
The conference included technical sessions on the regulatory aspects and supervisory expectations by the chief general managers of the Reserve…
With liquidity swinging from surplus to deficit, the central bank has also stepped up it efforts to infuse short-term funds…
On April 10, Quantum Mutual Fund, a minority shareholder, had objected to the scheme of merger, saying it is “flawed…
Banks raised Rs 32,860 crore in April compared to Rs 1.27 trillion in March through CDs, according to Prime Database.
Last year, the bank assigned five accounts to National Asset Reconstruction Company Limited (NARCL) and this year it expects to…
HDFC Bank is the second major private lender to cut its notice period.
Net NPAs also declined to 0.68 % of the advances, from 0.89% at the end of 2023.
The Supreme Court ruling comes amidst a series of appeals filed by various bank staff unions and officers’ associations challenging…
The provisions for bad loans declined to Rs 1,958 crore during the fourth quarter, as against Rs 3,625 crore during…
