Surplus cash with banks — deposits and borrowings that they retain after lending and investing — shot up by 274.6% to a record high of over R2.47 lakh crore in the fortnight ended November 11, data released by the Reserve
The Reserve Bank of India is likely to tweak the guidelines for the Scheme for Sustainable Structuring of Stressed Assets (S4A), as banks have not been able to make much headway with the scheme, senior bankers told FE.
With a record increase of Rs 11,746 crore over the preceding quarter, banks' investments in private corporate bonds and debentures have hit an all-time high of Rs 1.54 lakh crore in the fortnight ended September 30, data rele
With the 10-bps base rate cut from private sector lender Kotak Mahindra Bank (KMB) coming into effect from Friday, it becomes the only bank at present to have a base rate that is lower than its one-year marginal cost of funds
Banks’investments in commercial papers (CPs) and bonds issued by the private corporate sector crossed the Rs 2.5 lakh crore mark during the fortnight ended September 16, data released by the Reserve Bank of India (RBI) show
Lenders to Essar Projects will soon initiate a strategic debt restructuring (SDR) plan for the debt-ridden company, bankers told FE, adding that a decision to this effect had been taken at a joint lenders' forum (JLF) meeting
Lenders to GTL Infrastructure have accepted the company's proposal to convert some part of the debt into equity under the strategic debt restructuring (SDR) scheme, bankers privy to the matter told FE.
In spite of consumer inflation falling to a five month low of 5.05% (y-o-y) in August, with State Bank of India dropping deposit rates further, real interest rates are now well and truly in negative territory, reports Shakti
State Bank of India's (SBI's) investments in commercial papers (CPs) at R41,000 crore now account for more than 10% of the total CP market of about R3.86 lakh crore, senior executives at the bank told FE.
Lenders to Alok Industries, the highly-indebted textile manufacturer whose net worth has been eroded, have decided to provide the company with Rs 120 crore of additional 'priority' finance, senior bankers told FE.
As borrowing by corporates remains subdued, some lenders – banks and non-banking finance companies (NBFCs) – appear to be willing to lower loan rates to win customers, multiple sources in the banking industry told FE. Rec