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Credit growth fails to pick up despite govt measures

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


HDFC Bank faces lawsuit in US

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


Lenders have RBI's 7 June circular to resolve stress in the absence of IBC: Rajnish Kumar

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


Lenders to Aircel call for bridging Sarfaesi, IBC gap

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


Rosen Law Firm seeks damages from HDFC Bank in class action suit

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


New compliance norms for banks

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


New compliance norms for banks

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


RBI moves to harmonise compliance culture across banks

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


Bank deposits, credit growth on divergent paths

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


Loans to startups to get priority sector lending tag

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