Indian Banks

Adani acquires Mahan-Sipat transmission line from Essar PowerPhoto: iStockAdani Transmission Ltd. (ATL), a private sector transmission and distribution company, has signed definitive agreements with Essar Power Ltd. (EPL) for the…

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Inflation is expected to moderate in the coming months thanks to fiscal and monetary measures, Economic Affairs Secretary Ajay Seth said on Monday. As commodity prices approach their peak globally, inflation is expected to moderate as…

Latest News Live Updates May 28, 2022: The monkeypox virus has spread to more than 21 countries, with around 200 confirmed cases and more than 100 suspected cases in countries where it is not usually found, the World Health…

Bombay : Banks are facing another surge in bad loans, with nearly 9% of debt restructured under the Reserve Bank of India's pandemic relief plan turning sour in the past six months from 2021-22, according to data…

Earnings optimism surrounding India's domestically-focused companies may be misplaced as the economy will take longer to recover from a Covid-fueled crisis, according to…

The overseas…

Bombay : State Bank of India (SBI) is likely to reconsider its pursuit as a Jio Payments Bank joint venture partner with Reliance Industries Ltd if the payment bank fails to develop a business plan to start…

How does the depreciation of the rupee against the dollar impact the economic situation? How does the depreciation of the rupee against the dollar impact the economic situation? The story so far: The Indian rupee hit an all-time low…

Billionaire Mukesh Ambani's Reliance Industries Ltd climbed two places to 53rd in Forbes' latest Global 2000 list of the world's public companies. Forbes Global 2000 ranks the world's largest companies using four measures: sales, earnings,…

A man walks behind the logo of the Reserve Bank of India (RBI) inside its head office in Mumbai, India, April 8, 2022. REUTERS/Francis MascarenhasJoin now for FREE unlimited access to Reuters.comRegisterNEW DELHI, May 9 (Reuters) - India…

Eight months after hitting a record high of $642.45 billion in September 2021, India's foreign exchange reserves have now fallen below $600 billion amid capital outflows and a strengthening dollar . What happened? Foreign exchange reserves…

NEW DELHI: Here is a list of 10 stocks that could be in the spotlight on Friday: Trust Industries: The oil-telecoms conglomerate will announce its March quarter results later today.…

Globally, cement production contributes about 8% of global anthropogenic CO2 emissions. In a recent report, the Reserve…

Louiz Banks on his musical journey: “The thing about jazz is the freedom it gives you. There are no false notes in jazz. Everything is…

New Delhi: In this new era of digitalization, are you someone who is afraid of online banking? Well, don't worry, you're not alone. Although the COVID era has rocketed digital transactions, many people are still hesitant…

The race to acquire a majority stake in Holcim Group's cement business in India is heating up, with Sajjan Jindal-led JSW Group lining up an array of private equity firms and lenders to fund the deal. The move follows a similar arrangement…

Bengaluru: One97 Communications Ltd (OCL), the parent entity of fintech Paytm, is strengthening its general management. He appointed Srinivas Yanamandra as Group Head for Regulatory Affairs and Policy. Yanamandra joins the Noida-based…

Killing the inflation monster is relatively easy when the underlying causes are primarily demand-side. If an economy grows too quickly due to rising aggregate demand, firms tend to respond initially by employing more workers, which drives…

China must be treated like any other creditor once talks begin to restructure Sri Lanka's debt, Indian Finance Minister Nirmala Sitharaman has told the International Monetary…

I am an NRI male who retired and returned permanently from USA to India in August 2019 and have been retired ever since. I am an American citizen. I am 66 years old. Almost all my money is invested in the United…

Mumbai: Axis Bank and Citibank today announced that their respective boards have approved the acquisition of Citibank's consumer business in India by Axis Bank. The acquisition is subject to customary closing conditions,!-->!-->…

Climate change was once the subject of placards and protests outside the company's headquarters. Now the action has moved to boardrooms, as shareholders and investors demand definitive targets to cut emissions. Times…

India's war on terror faces a new threat from cyber propaganda from the Islamic State (IS) and al-Qaeda who are trying to radicalize the country's vulnerable youth to disrupt the peace where they live. resident.After the huge success of the…

India's stock market will become a key investment destination due to the country's higher growth rates relative to the global economy, according to Rahul Chadha of Mirae Asset Global Investments Co.Central banks offered excessive stimulus…

RAIPUR: The ruling Congress in Chhattisgarh leaves no room for its big rival, the BJP, to do religious politics in the state. With Assembly elections just a year away, the government of Bhupesh Baghel is pushing for…

MUMBAI: The Reserve Bank of India (RBI) announced on Friday that it has imposed a fine of Rs 93 lakh on Axis Bank for various breaches including those related to KYC guidelines. The central bank also imposed a fine of Rs 90 lakh on IDBI…

By PTI NEW DELHI: Several people have left the country after looting banks and enjoying the shores of the Caribbean Sea but nothing has been done against them, Congress leader Adhir Ranjan Chowdhury told Lok Sabha…

Bankers turned benevolent again as they paved the way for Ruchi Soya's FPO. As 2021 drew to a close, the lenders agreed in unison to release the pledge. As per FPO Prospectus, consortium comprising State Bank of India by letter dated…

Even though artificial intelligence (AI) is used in all sectors and disciplines, it is the bank that has adopted it faster than most other sectors. Today, many banks are using advanced AI chatbots to resolve customer queries and provide…

The current fiscal year will end soon and the next fiscal year will start on April 1, 2022. On April 1, due to the annual closing of accounts, all commercial and cooperative banking institutions will be closed on Friday, April 1, according…

Live news updates Ukraine and Russia's negotiating teams are expected to resume in-person talks this week, as President Joe Biden tried to temper comments calling for Vladimir Putin's impeachment by saying the United States was not…

The central board of the Reserve Bank of India (RBI) met on Friday and discussed several issues, including the fallout of the Russian invasion of Ukraine on the Indian…

The coming year will be rather interesting because it could see several budget proposals come to fruition. The most obvious that comes to mind is the LIC divestment that was supposed to close in March but now looks likely to be completed…

A broker reacts while trading on his computer terminal at a securities brokerage firm in Mumbai, India, February 1, 2020. REUTERS/Francis MascarenhasJoin now for FREE unlimited access to Reuters.comRegisterBENGALURU, March 22 (Reuters) -…

The country's foreign exchange reserves fell by $9.64 billion to $622.275 billion in the week ended March 11, 2022, as the rupee depreciated against the US dollar in a amid rising crude oil prices and capital outflows due to sustained…

HouseCitiesBombayMumbai police register FIR against BJP MLC Pravin Darekar for bank fraud The FIR against the leader of the opposition in the State Legislative Council was registered on Monday under various…

Hours after the Cabinet Committee on Security (CCS) headed by Prime Minister Narendra Modi met on Sunday afternoon to discuss the ongoing war in Ukraine and its impact on India, New Delhi decided to temporarily transfer the Indian Embassy…

Patra said geopolitical tensions could cause the RBI to revise its growth projection in the April policy. The Reserve Bank of India (RBI) will assess inflation in detail in the next monetary policy statement in April, after recent…

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In today's digital age, almost everyone else is used to using their smartphones to pay their bills. Although many digital wallets are developed to meet the versatile needs of all smartphone users, some unique UPI-based digital wallet…

Bombay : Thousands of Indian students fleeing war-torn Ukraine now face an unprecedented financial burden as the chances of their colleges reopening soon look bleak, but they still struggle with expensive loans they…

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Deadline extended for NPA recognition standards, loan upgrade will protect NBFC results By YS Chakravarti Non-Banking Financial Companies (NBFCs) play a vital role in the Indian economy by providing access to funds to the last mile…

Disney and Warner Bros. suspend film releases in Russia following the invasion of Ukraine Two major Hollywood studios, Disney and Warner Bros., have said they will suspend theatrical releases of upcoming films in Russia in response to its…

NEW DELHI: Bilateral payments with Russia may not be affected even though the United States and other Western countries have imposed economic sanctions on Moscow following the attack on Ukraine. Bilateral payments between India and Russia…

Two teenagers drowned in a pond in the Sachin area of ​​Surat on Tuesday evening. The bodies of the two teenagers, both 14, were recovered by firefighters on Wednesday afternoon. Police said the deceased was identified as Abid Amjad Pathan…

Credit and finance for MSMEs: The Mahatma Gandhi Institute for Rural Industrialization (MGIRI) led the count of digital transactions among six MSME offices with zero offline transactions. Credit and financing for MSMEs: As the digital…

Soaring gasoline prices are stoking inflation and causing headaches for governments and central banks around the world. In countries where elections are approaching, they are an additional headwind for incumbents. While the midterm…

Investing in US stock markets could help diversify investment portfolios across geographies and business segments. Investing in US stock markets could help diversify investment portfolios across geographies and business segments.…

Dear Trader… India's equity benchmarks oscillated between gains and losses throughout the session and ended slightly lower on Wednesday…

Coal India - Q3FY22 ResultsGood set of numbers; above our estimatesRev at 28433 cr; up 20% over one year and 22% over one quarterEbidta margins at 24%; larger than expected expansionPAT up 47% YoY and 55% QoQCoal withdrawal at 173 MT;…

The general public is largely left out of the serious things of the annual budget. But the budget is something more, a barometer of the country's economy Gopal Goswami, California Mukesh Kabra Smt. Nirmala Sitharaman, Minister of…

India is this hub of fusion of diverse cultures and communities, but a common thread that cuts across all of these differences is our approach to money and children. By Lavika Aggarwal, co-founder, akudo Every culture has a unique…

One scheme that keeps coming up in Uttar Pradesh election discourse and has been mentioned in Samajwadi Party and Congress manifestos is the government employee pension. Akhilesh Yadav announced last month that if the SP formed the…

New Delhi: Indian stock markets have been very volatile over the past two weeks. On Tuesday, the benchmark, Sensex, showed strong swings. It opened at 57,621 and moved to 57,925. Later, Sensex fell to 57,058, later…

The bank to provide better banking facilities in the villages In a bid to provide better banking facilities to people living in remote areas of the state, the Chief Executive of Jharkhand…

Bullish and Bearish - Stock Market Trends Dear Trader… Indian equity benchmarks ended a choppy session slightly lower on Friday,…

"The only rule I have is that there are no rules. So we're looking at business by business, situation by situation. We don't reserve our minds that this is a business public or a private company", says Rakesh JhunjhunwalaOwner, Rare…

As cash-strapped MSMEs continued to be the focus of the Centre, banks should now breathe a huge sigh of relief As the banks are sitting on higher liquidity, the measures in this budget aimed to get them out of their “risk aversion” phase…

The government could mop up around Rs 1 lakh crore if it dilute a 10% stake in the public sector insurer, but the extent of the problem is not yet clear as market sentiments could decide. The government has collected Rs 27,330 crore or 16%…

Through Marc KahnOn February 1, all eyes will be on India's fiscal future, a welcome respite from the Covid-dominated headlines. Last year's budget had a clear focus on building rural infrastructure. Key announcements for the agricultural…

Talace Private Limited - a subsidiary of the Tata Group's holding company, Tata Sons - won the takeover bid for debt-ridden Air India on October 8, 2021. A consortium of lenders led by the State Bank of India (SBI) will soon provide loans…

Six months after the creation of the National Asset Resolution Company Limited (NARCL), the proposal to create a “bad bank” – a key reform measure in this fiscal year – has yet to take off. Obstacles include issues related to ownership…

Image source: AP World Bank approves $125m loan to Bengal government In a significant recognition of the social protection…

A relaxation of the valuation standards for stressed assets, the streamlining of NPA provisions, the reduction of the duration of fixed deposits saving tax and the elimination of GST on additional interest charged in the event of default -…

The company recently invited bids from banks and financial institutions to raise $750 million in external commercial debt to fund its capital expenditures. State-owned NTPC has issued a call for tenders from developers to build a 900…

NEW DELHI: Kristal.AI, a leading global digital private wealth management platform, has partnered with FlyRemit to offer faster, low-cost global money transfers to facilitate global investments. This partnership will…

NEW DELHI: The Income Tax Department has issued new rules on the calculation of tax-exempt income of offshore banking units set up in an international financial services center.…

Among key reforms unveiled in the 2021-22 budget, the privatization of two state-owned banks and downstream oil major BPCL is now set to stretch into next year, even as the Center fights against time to make IPO Life Insurance Corporation…

Continued pressure on capital spending and the deployment of infrastructure projects under the National Infrastructure Pipeline (NIP) will be at the heart of the Union budget 2022-2023 as the central government seeks to maintain and…

Nervousness over the regulatory vacuum is palpable among cryptocurrency exchanges in India. This has led many to wonder about the future of blockchain technology, which is the technological backbone of digital currencies.In this context,…

Kerala-based CSB Bank Managing Director and CEO CVR Rajendran has decided to take early retirement for health reasons, the bank said in a press release on Saturday. Rajendran,…

Through PTI MUMBAI: The threat of a third wave of COVID-19 poses high risks to the quality of banks' assets, especially the restructured loan portfolio, according to a report by the national rating agency ICRA.…

The Delhi High Court on Tuesday dismissed petitions filed by Future Coupons Ltd and Future Retail Ltd seeking to overturn the arbitration proceedings initiated by Amazon in Singapore.…

Credit and financing for MSMEs: The share of MSMEs in total gross bank credit declined slightly to 12.01% in November, from 12.17% in October. Credit and finance for MSMEs: Year-on-year (year-on-year) growth in gross bank credit extended…

REITs withdrew $ 1.63 billion in 2021, up from $ 13.9 billion in 2020. As of December 2021, REITs took on $ 1.7 billion in debt, data showed. By Manish M Suvarna Foreign portfolio investors (REITs) withdrew almost $ 1.63 billion in…

NEW DELHI's real estate market in India is at its best ten-year level in terms of housing affordability. Ratio of 50%, real estate advisor Knight Frank said in his “Accessibility Index 2021”. Ahmedabad…

ेस काशनीPRESS RELEASE…

Rajeev Ahuja, new managing director and acting CEO of private sector lender RBL Bank, said on Sunday that the bank and its management had the full support of the Reserve Bank of India (RBI) after the RBI nominated its candidate to the…