Chief minister Mamata Banerjee on Tuesday urged Prime Minister Narendra Modi to withdraw for a year the conditions for raising the borrowing limit to 5 per cent of a state’s GDP to ensure that B...

The Reserve Bank of India’s (RBI) decision on the one-time restructuring of stressed advances may delay bad loan recognition, Fitch Ratings said on Monday. Last week, the RBI had allowed banks ...

The Reserve Bank of India on Thursday decided to keep interest rates unchanged, forecast negative real GDP growth for the year and braced for elevated inflation in the second quarter. The RBI signall...

The hoteliers of Odisha have sought the urgent intervention of RBI governor Shaktikanta Das after being hit hard by the Covid-19 pandemic and are unable to pay the EMI on their loans. Chairman Hotel ...

Bengal has taken a Rs 1,022-crore transition loan from the Centre to help its power distribution company tide iteself over liquidity stress amid the Covid-19 pandemic. The loan is part of the central...

Professionals, including doctors, chartered accountants and lawyers, who have taken a loan for their business needs will now be eligible for credit under the special credit guarantee scheme for MSMEs,...

The government and the RBI are exploring the possibility of restructuring loans amid fears of defaults once the moratorium ends this month, finance minister Nirmal Sitharaman said at a Ficci meet on F...

The domestic banking sector could be staring at a spike in their bad loans this fiscal as indicated by the stress tests of the RBI. The central bank on Friday projected  the gross non-performing ...

Bandhan Bank could see a 15-20 per cent growth in advances in this fiscal backed by an uptick in small-ticket microcredit and MSME loan demand, particularly in the rural sector. This is in contrast to...

Yes Bank is looking to hive off its non-performing assets (NPAs) into a separate subsidiary or a “bad bank”, which will be jointly run with the support of investors who are experts in the ...