The move is expected to generate an additional lending and liquidity in the financial system to the tune of Rs 5 lakh crore.
24 Aug 2019 1:42 AM
Provisions during the quarter increased 20.93 per cent to Rs 6,332.05 crore as against Rs 5,235.96 crore in the year-ago quarter.
15 Aug 2019 1:43 AM
It said that if banks direct more funds to the sector, mostly the strongest NBFCs are likely to be benefited.
15 Aug 2019 1:35 AM
The net profit was Rs 771.42 crore in the same period of last year. GIC Re is the country's largest reinsurer.
15 Aug 2019 1:29 AM
According to reports, the government is also mulling whether it should go ahead with sovereign foreign bond.
14 Aug 2019 1:30 AM
After sustained improvement over FY19, the country's largest lender, State Bank of India, disappointed on asset quality in Q1FY20.
12 Aug 2019 1:06 AM
Bank of India said that it has cut the one-year MCLR where more than 80 per cent of its loan book sits by 25 bps, effective August 10.
10 Aug 2019 1:24 AM
The 35 basis points (bps) cut in the repo rate is unusual, as the RBI has been changing the interest rate by 25 or 50 bps in the past.
08 Aug 2019 2:04 AM
The RBI itself has reduced its growth estimate down to 6.9 per cent for FY20, from the seven per cent it had projected in its June policy.
08 Aug 2019 1:59 AM
The private sector lender plans to raise about $1.2 billion, at least part of which is likely by the end of the second quarter.
06 Aug 2019 2:42 AM
Anshula Kant has also been instrumental in cleaning the balance sheet of SBI which had a high proportion of bad loans as the economy slowed down.
04 Aug 2019 12:01 AM
The lender had reported a net loss of Rs 4,876 crore during Q1FY19.
03 Aug 2019 1:18 AM
The bank said it downgraded Rs 2,242 crore into the BB pool during the quarter mostly from stressed groups.
31 Jul 2019 2:07 AM
Sovereign bond rallied on Monday with the benchmark 10-year security dropping nine basis points to 6.43 per cent.
30 Jul 2019 1:21 AM
For five years to up to 10 years, the new rate is 6.5 per cent.
30 Jul 2019 1:21 AM
The currency manipulator tag has gained greater focus in the heat and dust of trade wars.
27 Jul 2019 7:59 AM
According to Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, the future is "uncertain" for payments banks.
23 Jul 2019 1:04 AM
The private lender had reported a profit of Rs 1,260 crore in the same quarter last year.
18 Jul 2019 1:32 AM
Policies sold rose 8.4 per cent YoY in June 2019, while the retail APE ticket size fell by 7.7 per cent YoY.
17 Jul 2019 7:05 AM
NBFC margins may be affected by higher share of fixed rate book and higher costs.
12 Jul 2019 1:52 AM