Interest income grew 8% year-on-year to Rs 1,591 crore while interest expense rose 15% to Rs 704 crore during the quarter under review. Provisions (other than tax) and contingencies jumped 254% to Rs ...

SC has called on the RBI and other stakeholders to establish a standardised framework for preparing title clearance reports before sanctioning of loans ...

Trump’s policies have added to our contextual complexity. Faced with conflicting demands, India’s central bank should wait ...

Ahmedabad: CID (Crime) on Wednesday arrested a school principal for his alleged involvement in the multicrore BZ Group Ponzi scam.

Retail lending, particularly in the unsecured segment such as personal loans and credit cards, has been under scrutiny in recent months. With the Reserve Bank of India flagging concerns and tightening ...

State-owned Bank of India (BoI) on Thursday said its board has approved Rs 5,000 crore fund raising through infrastructure bonds.

The minister emphasized the shift in mindset from import substitution to export-led growth. “Today, 99.1% of mobile phones used in India are manufactured locally. Now, we are focusing on making in ...

P. Suriaraj has taken charge as executive director of the Dhanlaxmi Bank. He was appointed by the Reserve Bank of India (RBI) as executive director of the Bank for a period of three years.

Domestic investors have shown a lot of interest in such bond issuance by banks, and many lenders have exercised this option for raising resources in the recent past.

Ujjivan Small Finance Bank seeks RBI approval for universal bank license, meeting stringent criteria for transition.

According to official sources, ‘small and mid-sized’ microfinance institutions (MFIs) would be the main beneficiaries of the fund, as these are expected to play a big role in extending collateral-free ...

Succession planning is no less important for key government positions than for corporate leadership. However, as RBI’s case ...