FASTag transactions grew by 6% in volume to 382 million in December, against 359 million in November, and 345 million…
The new rules require HFCs to maintain 15% liquid assets against public deposits held by them in a phased manner,…
The Financial Stability Report, published twice a year by the central bank, includes contributions from all financial sector regulators.
Fresh accretion of non-performing assets (NPAs) in retail loan portfolios was also dominated by slippages in the unsecured loan book,…
Omkara ARC came into the limelight this year after it won the bid in August to acquire NPAs from the…
The decision is aimed at providing more flexibility to holders of PPIs such as gift cards, metro rail cards and…
The consolidated balance sheet of SCBs, excluding RRBs, increased by 15.5% during 2023-24, compared with 12.2% during 2022-23.
The sale of stressed assets – the biggest for the bank in the current financial year – will help the…
Interview of Prashant Kumar, MD & CEO, Yes Bank.
The banking sector regulator issued a draft circular on ‘forms of business and prudential regulations for investments’ in October, stating…
According to the federation, PNB has decided not to deduct the perquisite tax on house leases for a section of…
Lower inflation will enhance households’ disposable income and increase their purchasing power and this approach would support consumption and investment…
Masking KYC identifiers will help protect customer privacy by reducing the amount of personal information that is exposed, say experts.
Emphasising a collaborative approach, Malhotra expressed his commitment to team-based and participative decision-making and assured employees of his accessibility.
Banks have already communicated with employees that the tax deductions will start next month.
RCap had announced in February that its shares would be delisted from stock exchanges as part of the resolution plan.…
The country’s largest private lender said that the administrative warning will have no financial or operational impact on its activities…
‘While the rupee might move in line with the global US dollar trend, the overall India macro picture suggests a…
