The IIFL Group unveiled its new brand identity and launched its new product Advisor Anytime Anywhere (AAA) for financial advisors who can service their clients for all the financial products.
The bank with various initiatives has turned around and the capital augmentation through these traditional ways will facilitate it to achieve the targeted profit in FY2020, IOB Executive Director K Sw
He pointed to better recognition of soured debt, closer central bank inspections and more disciplined behaviour by borrowers after the implementation of the nation’s new bankruptcy law.
HDFC Bank Managing Director Aditya Puri says that tighter regulatory oversight and asset sales have staved off the worst of the problems afflicting India’s NBFCs following last year’s defaults by
The RBI had moved the NCLAT, filing a plea to modify the order allowing the banks to declare the defaulting accounts of IL&FS as NPAs as per the banking regulations.
The NCLAT had in February prohibited banks from recognising any IL&FS group accounts as non-performing assets without first seeking approval from the tribunal.
RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority.
On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y.
Even as the entire financial services sector continues to remain under pressure due to a brewing liquidity squeeze, veteran banker Uday Kotak called for a very strong policy in a bid to guide the sect
India's second largest private sector lender Kotak Mahindra Bank 's Q4 net profit met analyst estimates, as the firm reported a 25% on-year rise in net profit, even as asset quality remained stable.
After that for four long years, the RBI under the direction of this government, clearly wanting to hide things, has procrastinated, has obstructed and has derailed, has avoided, and has given excuses.
Addressing analysts hours after shocking with a Rs 1,506-crore loss in the March quarter, Gill cited a recent meeting with a large MNC to cite perception issues.
Against the backdrop of the Supreme Court quashing an RBI circular, issued on February 12, 2018, a revised set of rules is under works and would be released soon.
The new notes will bear the signature of the RBI governor Shaktikanta Das and will have a motif of Ellora Caves on the reverse, symbolic of India's heritage.
Under a new head after the forced exit of its promoter-chief executive Rana Kapoor, Yes Bank Friday reported a whopping Rs 1,506 crore net loss for the March quarter as against a profit of Rs 1,179 cr
Bad Loans: Supreme Court's stern warning to Reserve Bank to disclose details under RTI law will herald a new chapter of transparency in India's banking system.
