ARCs’ retail loan recovery slows down by 35% due to OTS scheme

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

Recoveries by asset reconstruction companies (ARCs) across retail loans such as housing and MSME hav..

Compromise settlement with wilful defaulters not new, says RBI

Compromise settlement with wilful defaulters not new, says RBI

The Reserve Bank of India (RBI) has clarified that a compromise settlement with wilful defaulters is..

Why compromise settlement with wilful defaulters is being opposed

Why compromise settlement with wilful defaulters is being opposed

The Reserve Bank of India’s (RBI) decision to allow wilful defaulters and loan accounts involved in ..

Retail inflation eases to 18-month low of 4.7% in April

Retail inflation eases to 18-month low of 4.7% in April

Retail inflation in India has cooled to an 18-month low of 4.7% in April, making the RBI Governor Sh..

Banks have Rs 6,521 crore exposure as Go First files for bankruptcy

Banks have Rs 6,521 crore exposure as Go First files for bankruptcy

Just a week after Reserve Bank of India (RBI) Governor Shaktikanta Das said that bad loans of Indian..

Retail loans behind RBI’s pause in rate hikes

Retail loans behind RBI’s pause in rate hikes

Behind the Reserve Bank of India’s (RBI) pause in interest-rate hikes was the fear that a further ri..

Canara Bank, Bharat BillPay tie up for cross-border bill payments

Canara Bank, Bharat BillPay tie up for cross-border bill payments

Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have launched cross-border inward bill payment servic..

Canara Bank raises MCLR, retains retail lending rates

Canara Bank raises MCLR, retains retail lending rates

Canara Bank has kept its interest rate on retail loans unchanged while raising the MCLR-based lendin..

After Hindustan Photo Films’ death, NCLT parcels land

After Hindustan Photo Films’ death, NCLT parcels land

For decades this company kept our memories alive through its photo films. Then the iconic Hindustan ..

Bank of Maharashtra’s total biz crosses Rs 4 lakh crore milestone in Q4

Bank of Maharashtra’s total biz crosses Rs 4 lakh crore milestone in Q4

Bank of Maharashtra has reported strong growth on both the credit and the deposit front in the quart..

Union Bank of India facilitates India-Malaysia trade in rupee

Union Bank of India facilitates India-Malaysia trade in rupee

India and Malaysia can settle their trade in Indian rupee through an operational mechanism facilitat..

India’s retail inflation eases to 6.4% in Feb

India’s retail inflation eases to 6.4% in Feb

Retail inflation dipped marginally to 6.44% in February but stayed outside the Reserve Bank of India..

ARCs expected to grow 10% in FY23: Crisil report

ARCs expected to grow 10% in FY23: Crisil report

Assets under management (AUM) of asset reconstruction companies (ARCs) is expected to grow almost 10..

ARCs to shift from corporate to retail and MSME loans

ARCs to shift from corporate to retail and MSME loans

The stressed assets opportunity for ARCs is shifting from corporate to retail and MSME loans.About a..

Banks may see rise in bad loans from retail, MSME segments: SBI MD

Banks may see rise in bad loans from retail, MSME segments: SBI MD

For Indian banks, the retail and MSME segments could see a rise in bad loans even as they flag high ..