Both assets were named on the Reserve Bank of India’s (RBI) first list of large non-performing assets (NPAs).
The NPCI is working on a platform to enable banks to check the Aadhaar seeding status of a customer on…
Last month, banks met to discuss seven-eight projects and arrive at a final resolution with regard to Jaiprakash Associates-promoted Prayagraj…
The Reserve Bank of India (RBI) on Friday stepped in to slow the flow of credit flow to non-banking financial…
Vijaya Bank saw the steepest increase in write-offs — 243 times y-o-y to Rs 487 crore in Q3FY19. This was…
If proposal accepted, eligible merchants will not need to shell out MDR or fee charged by banks for offering payment…
Bank of India (BoI) sold its exposures to three large accounts — Alok Industries, Asian Colour Coated Ispat and ISMT…
Replacing them is meaningless and there is likely to be a request for easing guidelines on the matter,” he added.
The December 2015-March 2016 period coincided with the RBI’s asset quality review (AQR), a system-wide exercise that led to improved…
As on December 21, financial creditors had submitted claims worth Rs 14,835 crore to the company’s resolution professional.
Looks to open joint stock company Sibmost as concessionaire of four-laning project.
In June 2017, SBI had raised Rs 15,000 crore through India’s largest-ever QIP, which took the government’s share in the…
The strategy covers both income and cost side. On the income side, we have to improve the revenue and quality…
Lenders may repeat request for December quarter if the account does not get resolved in Q3 or, at least, in…
Chiefs of State Bank of India (SBI), Punjab National Bank (PNB), Union Bank of India, IDBI Bank, Central Bank of…
BofA has reached out to the RBI seeking easier norms for takeover of stressed assets by foreign banks
Power Finance Corporation (PFC) may have to approach foreign banks to raise part of the Rs 7,000 crore it needs…
Between September 2017 and September 2018, SBI’s agri-loan portfolio shrunk 0.3% to `1.9 lakh crore
