9 May 2017 10:30 AM GMT
In its latest report on the measures taken by the government and Reserve Bank of India (RBI) to resolve the NPL issue, Moody's said: "Our base case remains that state-owned banks will use most of their operating profits over the next two years to gradually increase loan loss coverage from the current low levels."
7 May 2017 8:01 AM GMT
The Reserve Bank has advised public sector banks to put in place a fair and transparent mechanism for appointment of statutory branch...
5 May 2017 5:30 AM GMT
The amendment in the Banking Regulation Act is said to empower the RBI to take strict action against defaulters while being lenient in cases of genuine business failures.
4 May 2017 12:25 PM GMT
Shaktikanta Das is in Japan to attend the Asian Development Bank's 50th annual meeting.
29 April 2017 7:31 AM GMT
The mounting problem of bad loans of banks cannot be resolved by their simple recapitalisation and options like raising private capital for state-run...
11 April 2017 4:17 PM GMT
It also needs to urgently roll out the plan to tackle the problem of NPAs.
11 April 2017 10:05 AM GMT
The Reserve Bank of India (RBI) is still calculating and taking stock of the currency that was returned to banks post demonetisation, Finance...
10 April 2017 4:10 PM GMT
It is important to highlight this classification of those seeking loan waivers since small and marginal ones constitute more than 90% of all farmers in Tamil Nadu.
6 April 2017 11:05 AM GMT
The Reserve Bank today projected retail inflation to increase to 5 per cent in the second half of the current fiscal citing risks of El Nino...
6 April 2017 10:44 AM GMT
The Reserve Bank of India today said economic growth in the current fiscal will accelerate to 7.4 per cent compared to 6.7 per cent in 2016-17 on the...
6 April 2017 10:39 AM GMT
The Reserve Bank left its benchmark lending rate unchanged at 6.25 per cent on Thursday for the third policy review in a row citing upside risk...
6 April 2017 9:16 AM GMT
The Reserve Bank of India (RBI) in its first bi-monthly monetary policy review of 2017-18 on Thursday kept its key lending rate unchanged at 6.25 per...