The finance ministry hopes that 3-4 banks would come out of the RBI's Prompt Corrective Action watchlist this fiscal, following the expected modification of guidelines and apparent improvement in bott
In the 12 months to June 2018, microfinance companies have lent Rs. 52,000 crore to 26 million women borrowers, 99.8 percent of whom are repaying their loans regularly. Harsh Shrivastava of MFIN lists
The closure of half of the 2.38 lakh machines in the country by March 2019 may affect millions of bank account holders under Modi government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who with
While gross non-performing assets (NPA) across all sectors in the country crossed 10% in fiscal 2017-18, the NPA level under PMMY was only 5.38% as on March 31, 2018.
Largest ATM supplier NCR Thursday called for a multi-stakeholder talks like the ones carried out during the demonetisation days to resolve the problems being faced by the cash vending machines industr
The government is unlikely to trim its planned Rs 65,000-crore infusion into public sector banks (PSBs) this fiscal, despite the central bank board’s move on Monday to defer the complete rollout of
Japanese conglomerate SoftBank said Wednesday it is setting up India operations of its Vision Fund -- a key investor in many Indian startups -- and has named Sumer Juneja to head the operations.
The additional amount will help provide much-needed fund for micro, small and medium enterprises (MSMEs) and non-banking financial companies (NBFCs)that are facing cash crunch.
A central bank panel under governor Urjit Patel could next month revisit its corrective regime framework for weak banks that don’t have international operations.
The Reserve Bank of India’s (RBI) decision to extend the timeline for the implementation of the capital conservation buffer (CCB) norm by a year to March 2020 could reduce banks’ capital requireme
Infrastructure Leasing & Financial Services (IL&FS), for the second consecutive day, on Tuesday said it has defaulted on two repayments of short-term deposits, including interest of Rs 57.29 crore, ta
Twenty-one listed state-owned banks together set aside 1.5 times more as provisions than the aggregate operating profit they made during the quarter ended September, as provisions against mark-to-mark
The decision by the RBI board to increase timeline for banks to implement Basel 3 guidelines is ‘credit negative’ for government-owned banks, a global rating agency said.
Principal economic advisor Sanjeev Sanyal Monday said the country cannot have 'Hotel California' approach towards banks under the prompt corrective action (PCA) framework, where the exit mechanism for
IL&FS (Infrastructure Leasing & Financial Services) on Monday said it has defaulted on principal and interest of over Rs 307 crore with respect to deposits from MUDRA (Micro Units Development & Refina
The number of transactions made using the Unified Payments Interface (UPI) overtook that of mobile-wallet transactions for the first time in September this year, data released by the Reserve Bank of I
In a third resignation from the YES Bank board, independent director Rentala Chandrashekhar Monday put in his papers, according to a regulatory filing.
SBICAP Ventures (SVL), an alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, Monday launched two funds for the small and medium enterprises (SMEs) and affordable housing s
The RBI's crucial board meeting on Monday is expected to take up the liquidity crisis that initially triggered a tiff between the government and the central bank, according to sources.
