Tag Archives: banks

[ad_1] Mumbai India expects bad debt at its banks to double after the coronavirus crisis suddenly halted the economy, a senior government official and four of the top bankers told Reuters. Indian banks are already grappling with Rs 9.35 lakh rupees ($ 123 billion) of impaired loans, equivalent to approximately …

[ad_1] The Reserve Bank of India (RBI) has indicated that it will relax banks in branch audit for 2019-20 as they face branch network management challenges due to blocking of the coronavirus. RBI Governor Shaktikanta Das met Saturday with the heads of major banks, both public and private, in two …

[ad_1] New Delhi: The Governor of the Reserve Bank of India, Shaktikanta Das, held a meeting on Saturday with the heads of the banks and reviewed the economic situation and the implementation of various measures announced by him to reduce stress in the financial system amid the COVID-19 crisis. The …

[ad_1] NEW DELHI: Governor of the Reserve Bank of India (RBI) Shaktikanta Das held a meeting on Saturday with the heads of the banks and reviewed the economic situation and the implementation of various measures announced by him to reduce stress on the system financial in the midst of the …

[ad_1] MUMBAI : The move by the Reserve Bank of India (RBI) to reduce the reverse repo rate by 115 basis points (bp) since March 27, pushing banks to lend to “productive sectors” does not seem to have worked. Non-bank financial companies (NBFC) will continue to face a funding crisis …

[ad_1] MUMBAI / NEW DELHI : The Indian government has stepped up efforts to push state banks to boost lending and has required lenders to submit a daily report detailing the volume and scale of sanctioned loans, according to industry sources and documents seen by Reuters. The finance ministry, in …

[ad_1] Mumbai After making an effort to bail out Yes Bank last month, three private sector lenders already sold part of their stakes between March 17 and March 31, BSE share data showed. The Federal Bank sold the largest number of shares at Rs 5.86 million, followed by Kotak Mahindra …

[ad_1] MUMBAI: Three weeks after it presented its first package on March 27 for an economy hit by the Covid-19 pandemic, the Reserve Bank of India sought on Friday to guarantee the solvency of companies and small non-bank lenders during the extended closing period by making funds available to NBFCs. …