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We are dissuading people from coming to branches: Rajkiran Rai G of Union Bank of India

New Delhi, June 10 -- The coronavirus pandemic has changed the way India's public sector banks have traditionally done business. With social distancing and risk aversion in real life and financial mat... Read More


RBI proposes deregulation in price discovery for sale of NPAs

New Delhi, June 9 -- The Reserve Bank of India on Monday proposed to deregulate the price discovery process during sale of bad loans by financial institutions like banks, non-bank financiers and housi... Read More


Housing finance companies have enough liquidity to meet two months of repayments

MUMBAI, June 9 -- Housing finance companies (HFCs) have sufficient liquidity, which could cover about two months of debt repayments, excluding securitisation, said rating agency, Icra. Access to fundi... Read More


Kapur family withdraws suit against Yes Bank in Bombay high court

Mumbai, June 9 -- Private sector lender Yes Bank on Tuesday said that Madhu Kapur and other family members have withdrawn their petition from the Bombay high court after having fought it since 2013. ... Read More


Bankers working remotely face security issues: Bandhan Bank CEO

Mumbai, June 8 -- The coronavirus pandemic has brought a whole new set of risks for banks, which are both internal and external, and banks need to pivot around these challenges to emerge from the cris... Read More


SBI lowers MCLR rate by 25 basis points

Mumbai, June 8 -- India's largest lender State Bank of India (SBI) on Monday lowered its marginal cost of funds-based lending rate (MCLR) by 25 basis points (bps) across all tenors. Following the cut... Read More


Covid impact: Bank credit growth to touch multi-decade low of 0-1% in FY21, says Crisil

Mumbai, June 8 -- The sharp decline in economic activity due to the coronavirus outbreak may drag credit growth to a multi-decade low of 0-1% in FY21, credit rating agency Crisil said on Monday. "Thi... Read More


Religare Finvest calls Karnataka Bank's 'fraud' tag arbitrary

Mumbai, June 7 -- Religare Finvest Ltd (RFL) on Sunday said Karnataka Bank's decision to report the company's loan as fraud to the Reserve Bank of India (RBI) is arbitrary and a violation of the princ... Read More


Incremental bank credit shrinks by Rs.1.76 tn between 27 March and 22 May

Mumbai, June 5 -- The erosion in incremental bank credit since the start of the nationwide lockdown continues unabated, with the decline between 27 March and 22 May at Rs.1.76 trillion. According to ... Read More


Bank credit shrinks by Rs.1.76 trillion between 27 March and 22 May

Mumbai, June 5 -- The erosion in incremental bank credit since the lockdown began continues unabated, with the decline between 27 March and 22 May at Rs.1.76 trillion, showed data from the Reserve Ban... Read More