New Delhi, June 3 -- Banks operating from the international financial services centre (IFSC) in Gift City, Ahmedabad, traded in offshore rupee derivatives, or non-deliverable forwards (NDF) market for... Read More
New Delhi, June 3 -- India Inc. will need to overcome risk aversion and start investing if the economy has to pick up, said State Bank of India (SBI) chairman Rajnish Kumar. Speaking at the Confederat... Read More
New Delhi, June 2 -- Billionaire banker Uday Kotak on Tuesday called upon the need for extraordinary efforts to lift the economy and ensure that India's trend growth is not coming down. Speaking at th... Read More
New Delhi, June 2 -- Billionaire banker Uday Kotak on Tuesday said extraordinary efforts were required to lift the economy and ensure that India's trend growth does not come down. Speaking at the Con... Read More
Mumbai, June 1 -- Bank loans to non-banking finance companies rose by Rs.5,000 crore in April to touch Rs.8.12 trillion, RBI data showed, at a time non-food credit fell by Rs.1.1 trillion. However, th... Read More
India, June 1 -- Banks and non-banking financial companies (NBFC) in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to ... Read More
Mumbai, June 1 -- Banks and non-banking financial companies (NBFC) in India are mapping new strategies as they prepare for the challenge of recovering their retail loans amid widespread disruptions to... Read More
Mumbai, June 1 -- Private sector lender Axis Bank Ltd cut interest rate on savings account by 25 basis points with effect from Monday. The interest on savings account for balance up to Rs.50 lakh has... Read More
MUMBAI, June 1 -- Even as bank non-food credit fell by Rs.1.1 lakh crore in April, lending to non-banking finance companies (NBFCs) continued to grow. According to the Reserve Bank of India's sectoral... Read More
MUMBAI, June 1 -- The Reserve Bank of India's decision to extend loan moratorium by another three months is credit negative for non-banking finance companies, according to rating agency Moody's Invest... Read More