Banks to Mandatorily Automate NPA Recognition by 30 June, Says RBI
The Reserve Bank of India (RBI) has issued the date for completion of automation in inadequate loan recognition as well as the provisioning latest by 30 June...
Tag : Reserve Bank of India (RBI)
SBI Raises Rs 4,000 Crore via Additional Tier-1 (AT1) Bonds
On Monday, India’s largest lender State Bank of India (SBI) had raised Rs 4,000 crore in perpetual bonds at a record-low coupon, which gives a sign that...
RBI Focuses on Neglected Districts in Priority Sector Loans
On Friday, the Reserve Bank of India (RBI) prioritized its guidelines in creating a system for Priority Sector Handling (PSL). This system will allow higher weightage to...
NPS Government Bond Scheme’s NAVs Soar Over 1.5% in a Day
On Tuesday, there was a fall over 17 basis points on the yield on the government ten years bonds. The fall in bond yields led...
Yes Bank Rises 5% After Rating Upgrade
Shares of Yes Bank rose 4.7 per cent after CRISIL upgraded its rating on the lender’s certificates of deposit (CDs) to A2+. The shares of Yes Bank traded at...
LIC Housing Finance Reported Net Profit of Rs 814 Crore in Q1 Results
LIC Housing Finance Ltd.(LIC HFL) had reported a growth of 34% year-on-year (Y-o-Y) in its net profit of Rs 817 crore for the quarter ended...
HDFC Bank Ltd. Faces Lawsuit from US-Based Law Firm
In a press release on Sunday, Rosen Law, a US-based Law Firm announced an investigation of potential securities claims and has prepared a securities lawsuit on...
RBI Approves Sashidhar Jagdishan as CEO of HDFC Bank
The Reserve Bank of India (RBI) has approved Sashidhar Jagdishan as the next chief executive officer of HDFC Bank, sources said. The private sector lender...
Supreme Court Seeks FM’s Reply on Waiver of Interest on Loans
The Supreme Court Thursday sought finance ministry’s reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go...
Kotak Mahindra Bank Jumps 5% After Block Deal
Kotak Mahindra Bank Ltd’s shares has gained as much 5 per cent after a huge block deal which saw around 56 million shares changing hands in...