The Monetary Policy Committee (MPC), headed by RBI Governor, is scheduled to meet for three days beginning August 4
RBI Board member Satish Marathe said public sector banks need an overhaul of their systems, processes and staff attitudes to be relevant and effective in the future
The currency swap arrangement will remain available till November 2022, the Indian mission said in a press release
Although the Modi government does all the right things on economic policy, it does so in such a low-key manner that it does nothing to change the mood in the country
A more optimistic estimate by analysts at Nirmal Bang Institutional Equities pegs the profit at Rs 4,016.4 crore, up a whopping 110.5 per cent YoY and 228.8 per cent QoQ
Small investors should listen to Sebi chairman's advice
The bench said the matter requires detailed hearing as it affects other third party apps and listed it on July 22
Banks have to improve governance and sharpen their risk management skills, says research report.
PMC Bank has been put under restrictions by the RBI, following the unearthing of a Rs 4,355-crore scam
A Delhi-based company put Rs 13 cr for a 5.94% stake in Ruchi Soya soon after it got relisted; today that investment is worth Rs 1,500 crore
India needs structural changes in economic management
Writes to DEA and Sebi for Covid-19 support fund for closed-ended debt schemes
The RBI had for years refused to share bank inspection reports on grounds that it held them in a fiduciary capacity, and activists fought all the way to the Supreme Court
The proposed governance norms for banks seem to be pushing for a role reversal - make the non-executive directors run the bank and take away the executive powers of the CEO
Federal Bank on Friday said it has received the Reserve Bank of India's approval for the reappointment of Shyam Srinivasan as Managing Director and Chief Executive Officer till September 22, 2021
For the Q1FY21, the bank is expected to report around 20 per cent year-on-year (YoY) growth in net profit. Besides, asset quality is seen stable owing to the moratorium being provided by the RBI
Wants grievance redressal mechanism in place, says ARCs will be responsible for agents' actions
Extension of moratorium, ICICI Securities points out, till August would push recognition of pain points, thereby leading to benign slippages and stable headline non-performing asset (NPA) numbers
The govt will face unprecedented budgetary challenges to ensure India remains hunger-free
Nationwide lockdown to contain the pandemic may force more business to default on loans, say analysts