Under-reporting of bad loans could be one reason behind RBI placing restrictions.
25 Sep 2019 1:35 AM
The bank will also voluntarily extend benchmark-based lending to medium enterprises to boost lending to the MSME sector as a whole.
24 Sep 2019 1:43 AM
Das added that the future rate cuts would depend on the incoming data.
21 Sep 2019 2:58 AM
The rupee settled 37 paise higher against the dollar at 70.94
21 Sep 2019 2:53 AM
The credit book of Dena Bank de-grew during this period.
31 Aug 2019 1:31 AM
The RBI said as of June 30 it “stands as a central bank with one of the highest levels of financial resilience globally”.
30 Aug 2019 1:47 AM
The RBI was founded in 1935 and has been operating according to the Reserve Bank of India Act of 1934.
28 Aug 2019 2:47 AM
The government is also expected to announce more measures this week to support economic growth.
28 Aug 2019 2:41 AM
The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore.
24 Aug 2019 1:42 AM
Provisions during the quarter increased 20.93 per cent to Rs 6,332.05 crore as against Rs 5,235.96 crore in the year-ago quarter.
15 Aug 2019 1:43 AM
It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.
15 Aug 2019 1:35 AM
The net profit was Rs 771.42 crore in the same period of last year. GIC Re is the country's largest reinsurer.
15 Aug 2019 1:29 AM
According to reports, the government is also mulling whether it should go ahead with sovereign foreign bond.
14 Aug 2019 1:30 AM
After sustained improvement over FY19, the country's largest lender, State Bank of India, disappointed on asset quality in Q1FY20.
12 Aug 2019 1:06 AM
Bank of India said that it has cut the one-year MCLR where more than 80 per cent of its loan book sits by 25 bps, effective August 10.
10 Aug 2019 1:24 AM
The 35 basis points (bps) cut in the repo rate is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.
08 Aug 2019 2:04 AM
The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected in its June policy.
08 Aug 2019 1:59 AM
The private sector lender plans to raise about $1.2 billion, at least part of which is likely by the end of the second quarter.
06 Aug 2019 2:42 AM
Anshula Kant has also been instrumental in cleaning the balance sheet of SBI which had a high proportion of bad loans as the economy slowed down.
04 Aug 2019 12:01 AM
The lender had reported a net loss of Rs 4,876 crore during Q1FY19.
03 Aug 2019 1:18 AM