Behind RBI’s pause in interest-rate hikes was fear that further rise in pricing of home and other retail loans would put borrowers under extreme stress; growth concerns also weighed heavy.
The land of iconic Hindustan Photo Films gets parceled out as part of debt resolution; this is first case after IBBI’s amendment allows for part resolution and part liquidation.
Despite RBI adopting a 'pause' policy, there's a strong possibility that interest rates would continue to climb. What made RBI Governor Shaktikanta Das say today’s monetary policy is a pause, not a pivot?
Amid a global banking turmoil, FM Nirmala Sitharaman asks chiefs of public sector banks to be more vigilant. But few believe Indian banks will collapse like Silicon Valley Bank and Credit Suisse.
HDFC Bank will continue to aggressively add branches and mobilise deposits even as it awaits all regulatory clearances for the merger of parent, HDFC Ltd, with itself.
RBI’s proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues.
Government raises interest rates of small savings schemes by up to 70 basis points for June quarter, making them competitive against bank fixed deposits.
Kotak Mahindra Bank, Prem Watsa-backed CSB Bank and Emirates NBD are among those that have submitted expressions of interest for acquiring majority stake in IDBI Bank.
The Finance ministry has asked public sector banks to follow stricter monitoring of top corporate loan accounts amid a banking crisis in the US and Europe.
RBI will set up a centralised portal to help depositors and their beneficiaries to search for their unclaimed bank deposits that are older than 10 years.