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
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
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
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
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
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
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
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
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
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