State-owned firms look to raise Rs 30,000 crore via bonds in coming days
RBI's initiatives to promote sound governance practices in UCBs include introducing a four-tiered regulatory framework, direct engagement with directors on UCB boards
Anchor bid translates to nearly 90% haircut for lender
According to RBI norms, UCBs are required to have at least 50 per cent of their aggregate loans and advances consisting of small value loans by March 31, 2026
RBI deputy governor M Rajeshwar Rao emphasises on meaning engagement beyond account opening
According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat
Although a small finance bank licence comes with certain restrictions on the lending side, there are no such restrictions on liabilities side, which is why the bank has ventured into wealth management
HSBC India ranks just behind the UK and Hong Kong in terms of profit, as mainland China and Canada saw elevated profits due to one-time gains and profits from associates
Mukesh Ambani's Reliance Industries is the most valuable company for the fourth consecutive year
Mishra's comments come at a time when the banking system liquidity has been in deficit for the last nine weeks
Media reports on Tuesday said that the lender was grappling with financial challenges and has breached financial covenants, primarily due to elevated gross non-performing assets (GNPAs), profitability
Currently, deposits of up to ₹5 lakh are covered under the deposit-insurance scheme of Deposit Insurance and Credit Guarantee Corporation
We are building to be an investor-friendly country, says FM
"Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise."
The tenure would be effective April 1
AGS is the second largest ATM servicing and cash management in the country with presence across 2,200 cities and towns
Alleged misappropriation of funds behind curbs
RBI governor nudges NBFCs towards Unified Lending Interface
The bank's net interest margin (NIM) has seen a decline of over 35 basis points (bps) since the restrictions were imposed by the regulator in April 2024
Zulia Investments holds 1.37% stake in India's largest small finance bank