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RBI receives Rs.1.94 trillion bids for repo operation

New Delhi, Feb. 17 -- The Reserve Bank of India (RBI) on Monday said it received bids worth Rs.1.94 trillion for its three-year long-term repo operation (LTRO), or more than 7.8 times the funds on off... Read More


RBI goes beyond rates to make loans cheaper

MUMBAI, Feb. 14 -- The Reserve Bank of India (RBI) stepped in to do the heavy lifting to revive the economy, after the Union budget appeared to have few measures to spur credit growth and boost demand... Read More


ESAF Small Finance Bank plans to float IPO in FY21

Mumbai, Feb. 14 -- Kerala-based ESAF Small Finance Bank plans launching an initial public offering (IPO) of Rs.976 crore in fiscal 2021, said Paul Thomas, managing director and chief executive officer... Read More


President Kovind urges banks to deepen financial inclusion

Mumbai, Feb. 12 -- President Ram Nath Kovind on Wednesday urged banks to deepen financial inclusion. Deepening financial inclusion is the best way to gain "market depth" and for "de-risking operation... Read More


Lenders to seek clarity on calculation of cash reserve ratio exemption

New Delhi, Feb. 11 -- The Reserve Bank of India's (RBI's) attempt to incentivize credit flow to the retail sector by giving cash reserve ratio (CRR) exemption is unlikely to take off until the fine pr... Read More


Tilden Park Cap seeks clarification from RBI on investment in Lakshmi Vilas Bank

New Delhi, Feb. 11 -- Lakshmi Vilas Bank (LVB) on Tuesday said US-based Tilden Park Capital Management has sought clarifications from the Reserve Bank of India (RBI) pertaining to investment in its sh... Read More


LVB confirms interest by Tilden Park for stake in bank

Mumbai, Feb. 11 -- Lakshmi Vilas Bank on Tuesday said US-based Tilden Park Capital Management has informed the lender about its proposed investment in the bank. In a notice to the stock exchanges, La... Read More


RBI proposes draft rules to set up alternative retail payments system

Mumbai, Feb. 11 -- The Reserve bank of India on Tuesday proposed a draft framework for setting up a new umbrella entity (NUE) focussed on retail payments system, along the lines of National Payments C... Read More


PNB will streamline NPAs, branches after merger: CEO

Mumbai, Feb. 8 -- State-owned Punjab National Bank (PNB) is looking to recalibrate its non-performing loan classification and branch network, following the merger with United Bank of India (UBI) and O... Read More


PNB will streamline NPAs, branches after merger, says CEO Rao

New Delhi, Feb. 8 -- State-owned Punjab National Bank (PNB) is looking to recalibrate its non-performing loan classification and branch network following its merger with United Bank of India (UBI) and... Read More