The RBI says banks and NBFCs must closely monitor gold loan portfolio, especially in light of significant growth in this segment; non-compliance to attract supervisory action after three months
12 PSU banks collected ₹8,495 crore in penalties for minimum balance defaults between FY20-FY24, according to MoS Finance Pankaj Chaudhary
Around 83% of large India-headquartered corporates now employ at least one bank for cross-border trade and payments—a metric that serves as a good proxy for international operations, says CRISIL.
The Indian financial sector in the Reserve Bank’s domain remains insulated from the global outage.
Insolvency and Bankruptcy Code (IBC) will be completing eight years in two to three months. IBC has directly returned Rs 3.4 lakh crore to the creditors in the period.
The bank had the highest growth in total business among PSBs last fiscal, thanks to rapid expansion outside its parent state.
With 43% of retail credit demand coming from 18-30 year age group, lenders need to set new benchmarks to cater to the needs of this cohort.
Indian banks have been boosted by rising profitability and declining non-performing assets.
Applies to all new retail and MSME term loans sanctioned from October 1 onwards.
Nirmala Sitharaman in an interview with OPEN Magazine's Rajeev Deshpande and PR Ramesh talks about welfare and growth
