Mumbai, Nov. 15 -- The Indian economy continues to face a credit crunch as loan growth slowed to a low of 6% in the second quarter, which was last seen during demonetization, foreign brokerage firm Cr... Read More
Mumbai, Nov. 14 -- Yes Bank Ltd's statutory auditor, BSR & Co., has sought a fresh audit into whistle-blower complaints levelled against the bank and its founder Rana Kapoor after a special audit done... Read More
New Delhi, Nov. 13 -- Yes Bank Ltd's statutory auditor, BSR & Co., has sought a fresh audit into whistleblower complaints levelled against the bank and its founder Rana Kapoor after a special audit do... Read More
New Delhi, Nov. 11 -- The Indian economy continues to face a credit crunch as loan growth slowed to a low of 6% in the second quarter, which was last seen during demonetization, foreign brokerage firm... Read More
Mumbai, Nov. 8 -- Aditya Birla Capital on Thursday reported lower-than-expected second quarter earnings due to the impact of deferred tax assets and higher credit costs. Consolidated net profit stood... Read More
Mumbai, Nov. 8 -- Liquidity coverage ratio (LCR) norms for non-banking financial companies (NBFCs) will take effect on 1 December 2020, the Reserve Bank of India (RBI) said on Monday, extending its pr... Read More
Mumbai, Nov. 8 -- Banks are considering asking the Reserve Bank of India (RBI) to ease classification norms for fraud-hit loan accounts, amid a surge in such cases in India. Banks currently set aside... Read More
Mumbai, Nov. 7 -- Lenders should be allowed one-time restructuring of loans extended to some stalled real estate projects without having to mark them as non-performing assets (NPAs), said Deepak Parek... Read More
New Delhi, Nov. 6 -- A day after Finance Minister Nirmala Sitharaman spoke about reforms in the real estate sector, lenders call for government intervention for the ailing sector and sought approval f... Read More
New Delhi, Nov. 6 -- State Bank of India chairman Rajnish Kumar on Wednesday said that housing finance companies should behave like housing finance companies and should focus only on lending to indivi... Read More