The spectre of bad loans, which haunted the banking industry after the two distinct waves of the pandemic since March 2020, has started to vaporise and has become less of a threat today, bringing...

Bankers to troubled tea planter McLeod Russel India Ltd have finally come on board to restructure the outstanding debt of the company under a Reserve Bank of India (RBI)-mandated framework, marking a ...

Bankers have been cowering in fear for years, terrified at the prospect of being dragged out of retirement and hounded by federal agencies for what they later construed as fraudulent or bad faith comm...

Stock markets kicked off Samvat 2078 on a cheerful note buoyed by the fuel duty cuts and the US Fed shying away from any decision to cut its policy rates in the future. At a special one-hour session ...

The administrator of two Srei group companies has apprised the committee of creditors on Tuesday about the status of the firms’ corporate insolvency resolution process. Last month, the Reserve ...

Retail investors groaning under the burden of dud and worthless financial assets have just been thrown a lifeline. A committee constituted by the Reserve Bank of India has suggested that asset recons...

The Reserve Bank of India (RBI) on Tuesday fine-tuned its prompt corrective action (PCA) framework under which restrictions are placed on weak banks to restore their financial health. Under the new f...

The Reserve Bank of India (RBI) on Friday partly relaxed rules regarding the opening and operation of current accounts, thus giving some relief to businesses amid the festival season.  In a circ...

The Centre has extended the term of Reserve Bank of India (RBI) governor Shaktikanta Das by three years till December 31, 2024. Das, who is the 25th governor of the RBI, will be the longest serving go...

Indian Bank and Uco Bank’s fresh slippages have shot up during the second quarter of 2021-22 as the banks classified their exposure to Srei group accounts as non performing assets. The two publ...