ARCs need to standardise credit bureau reporting: RBI

ARCs need to standardise credit bureau reporting: RBI

The Reserve Bank of India has directed asset reconstruction companies (ARCs) to set up a standard op..

SBI eyes stake sale in Yes Bank by March-end

SBI eyes stake sale in Yes Bank by March-end

Yes Bank, rescued in 2020 primarily by the country’s largest lender State Bank of India (SBI), is li..

RBI unveils SAARC currency swap framework until 2027

RBI unveils SAARC currency swap framework until 2027

The Reserve Bank of India (RBI) has put in place a revised framework on currency swap arrangements w..

RBI rejects Edelweiss ARC CEO’s extension

RBI rejects Edelweiss ARC CEO’s extension

The Reserve Bank of India (RBI) has rejected a proposal to reappoint Rajkumar Bansal as MD and CEO o..

Some ARCs are circumventing rules, warns RBI deputy governor

Some ARCs are circumventing rules, warns RBI deputy governor

The Reserve Bank of India (RBI) has warned asset reconstruction companies (ARCs) of regulatory or su..

RBI’s whip on Edelweiss ARC, ECL Finance

RBI’s whip on Edelweiss ARC, ECL Finance

Two of Edelweiss’s group companies are in trouble. The Reserve Bank of India (RBI) has imposed busin..

RBI flags supervisory concerns over functioning of ARCs

RBI flags supervisory concerns over functioning of ARCs

The Reserve Bank of India (RBI) has raised several supervisory concerns on the functioning of asset ..

Electoral Bonds: SC asks SBI to disclose all info by 21 March

Electoral Bonds: SC asks SBI to disclose all info by 21 March

Pulling up the State Bank of India, the Supreme Court today told the state-owned lender to stop bein..

SC rejects plea, SBI to disclose electoral bonds info on 12 March

SC rejects plea, SBI to disclose electoral bonds info on 12 March

The Supreme Court has turned down the State Bank of India’s (SBI) application seeking an extension u..

RBI extends deadline for stopping Paytm Payments Bank services to 15 March

RBI extends deadline for stopping Paytm Payments Bank services to 15 March

The Reserve Bank of India (RBI) on Friday gave a 15-day extension to Paytm Payments Bank for stoppin..

SBI’s burden due to increased salaries, pensions to reach Rs 26,000 crore by March

SBI’s burden due to increased salaries, pensions to reach Rs 26,000 crore by March

State Bank of India’s (SBI) outgo on account of increase in salaries and pensions will jump to aroun..

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

41,000 UCO Bank customers get Rs 820 cr credit, CBI conducts searches

The Central Bureau of Investigation (CBI) has conducted searches at 13 locations in West Bengal and ..

Government renews guarantee of Rs 27,000 crore to NARCL

Government renews guarantee of Rs 27,000 crore to NARCL

After a gap, the government has renewed guarantees of Rs 27,000 crore to the state-backed National A..

Union Bank of India to sell 8 bad loan accounts worth Rs 3,000 cr to NARCL

Union Bank of India to sell 8 bad loan accounts worth Rs 3,000 cr to NARCL

Union Bank of India has identified eight stressed accounts worth Rs 3,000 crore to be sold in the cu..

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

Share of loans bearing over 9% interest rises to 56.1% in March: RBI

The share of loans bearing over 9% interest rate rose to 56.1% in March 2023 from 31.4% a year ago, ..