New Delhi, Sept. 19 -- Five months into the fiscal year, bank credit growth is still to make a recovery despite nudges by the Reserve Bank of India (RBI) and the government. Outstanding non-food credi... Read More
New Delhi, Sept. 18 -- US-based Rosen Law Firm has filed a class action lawsuit against HDFC Bank for losses suffered by some investors because of alleged false and misleading statements by the lender... Read More
New Delhi, Sept. 17 -- Although new cases under India's insolvency law has been suspended for six months, lenders have RBI's stressed asset resolution framework released on 7 June last year to fall ba... Read More
New Delhi, Sept. 17 -- Lenders to the Aircel Group, led by State Bank of India (SBI), have written to the Reserve Bank of India (RBI) seeking harmonization between India's insolvency law and the Secur... Read More
MUMBAI, Sept. 17 -- Rosen Law Firm, based out of New York, US, has filed a class action lawsuit against HDFC Bank, seeking damages for those investors who suffered losses because of lender's alleged f... Read More
mumbai, Sept. 12 -- The Reserve Bank of India (RBI) on Friday notified new guidelines for banks to strengthen compliance functions and defined the role of the chief compliance officer (CCO) in ensurin... Read More
mumbai, Sept. 12 -- The Reserve Bank of India (RBI) on Friday notified new guidelines for banks to strengthen compliance functions and defined the role of the chief compliance officer (CCO) in ensurin... Read More
Mumbai, Sept. 11 -- The Reserve Bank of India (RBI) on Friday notified guidelines aimed at harmonising compliance frameworks among banks, which at present follow diverse practices. RBI said banks are... Read More
Mumbai, Sept. 11 -- Bank deposits in the June quarter grew at the fastest pace in close to three years even as credit growth continued to decelerate, data from the Reserve Bank of India (RBI) showed. ... Read More
New Delhi, Sept. 11 -- Loans to startups will now qualify as priority sector lending (PSL) under new central bank guidelines, which are also aimed at boosting credit flow to backward districts, renewa... Read More