Tag Archives: banks

COVID-19 loan relief: loan account must be healthy as of February 29 All banks and other lenders in the country will soon credit the difference between compound and simple interest on eligible loan repayments of up to Rs 2 crore due between March and August. The move is intended to …

The plan will be implemented even for borrowers who did not avail themselves of the moratorium. Three weeks after informing the Supreme Court that the Center would pay the additional compound interest on loans up to ₹ 2 crore used by retail borrowers, as well as micro, small and medium-sized …

Here is a list of the top ten stocks that may appear in the news on Thursday: Infosys: TI Major raised its revenue growth guidance to 2-3% for the year through March 31 from 0-2% previously in constant currency terms. Its profit for the quarter to September increased 20.5% to …

Here is a list of the top ten stocks that may appear in the news on Wednesday: Wipro: The company expects its IT services revenue to grow up to 3.5% sequentially in the December quarter. The board of directors approved the repurchase of up to 4.16% of the company’s shares …

Here is a list of the top ten stocks that may appear in the news on Tuesday: Dependency Industries: The company’s telecom arm, Jio, has become the first mobile service provider to cross the Rs 40 million customer mark in India with a net addition of more than 35 lakh …

Here is a list of the top ten stocks that may appear in the news on Monday: Banks and finance: In an affidavit filed in the Supreme Court, the Reserve Bank of India warned of risks to the banking sector if the suspension on bad debt classification is not lifted …

The announcement, made in an affidavit before the Supreme Court, was welcomed by retailers and small businesses that have been hit the hardest by the pandemic. But it came twinned with a warning. Bearing the cost of paying interest on interest, he told the court, “would naturally have an impact …

Former Reserve Bank of India Governor Raghuram Rajan and former Lieutenant Governor Viral Acharya called for the closure of the financial services department, the privatization of state banks, and the creation of a bad bank as part of reforms to the banking industry of India. The current status quo is …

Shares of IndusInd Bank, Bandhan Bank and State Bank of India fell like a deck of cards after leaks from the Financial Crimes Enforcement Network (FinCEN) indicated that almost all Indian banks could be part of the suspicious transactions. Between 2010 and 2017, several Indian banks regardless of ownership (public, …

Between 2010 and 2017, several Indian banks, regardless of ownership (public, private and foreign) helped facilitate transactions reported by the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department for alleged money laundering, terrorism, trafficking drug and financial operations. fraud, the latest leaks suggest. The International Consortium for Investigative Journalism …