The special dispensation will be for all bank credit to these sectors for a period of six months — between January 31 and July 31.
07 Feb 2020 1:58 AM
The central bank also announced a one-time permission to extend restructuring of MSME loans.
07 Feb 2020 1:20 AM
The move, according to experts, would help NBFCs in the recovery process of an even smaller loans.
02 Feb 2020 3:05 AM
All deposits of a depositor maintained across all branches of the failed bank are insured upto Rs 1 lakh only on the aggregate amount.
02 Feb 2020 3:01 AM
After two capital infusions, the government owns a substantial part of IDBI Bank (46.5 per cent stake) which will be completely sold off.
02 Feb 2020 2:49 AM
As on date, the shareholding of promoter Uday Kotak, who is also the MD & CEO of Kotak Bank, and the promoter group, istands at 29.96 per cent.
31 Jan 2020 1:34 AM
A bank can continue to buy group insurance covers with any number of insurance companies for the insurance needs of its customers.
29 Jan 2020 1:40 AM
The four PSU insurers— New India Assurance, Oriental Insurance, National Insurance, United India— clocked 74 per cent growth in crop insurance.
28 Jan 2020 1:37 AM
By the Irdai’s December 2019 data, the non-life insurance sector witnessed a significant slowdown.
22 Jan 2020 6:51 AM
BoM reports net profit of Rs 132 crore against loss of Rs 3,766 crore Federal Bank Q3 net rises per cent.
21 Jan 2020 1:09 AM
While DHFL’s total debt is about Rs 80,000 crore, lenders exposure to the account is around Rs 40,000 crore.
20 Jan 2020 1:35 AM
Private life insurers clock a growth of 16 per cent to Rs 24,631 crore during April-December.
15 Jan 2020 1:20 AM
Both Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation rose on the back of higher food prices.
15 Jan 2020 1:13 AM
All stakeholders have been asked to submit their comments/suggestions on the proposed guidelines by January 25.
13 Jan 2020 2:15 AM
Private insurers appointed 3.82 lakh agents and terminated 3 lakh in FY19.
08 Jan 2020 1:28 AM
The gross non-performing assets (GNPA) ratio may increase to 9.9 per cent by September 2020 from 9.3 per cent.
28 Dec 2019 2:29 AM
Green shoots seen, capex cycle may be turning up.
20 Dec 2019 1:31 AM
For LIC, the proportion of repudiations has come down to 0.43 per cent in 2018-19 compared to 0.67 per cent in the previous year.
18 Dec 2019 2:35 AM
Bank of Baroda's one-year MCLR will be 8.25 per cent, 5 basis points (bps) below the exsisting level, effective December 12.
11 Dec 2019 1:41 AM
The bank had provided Rs 1.06 lakh crore for the bad loans but the provisions for the NPAs as assessed by the RBI was Rs 1.18 lakh crore.
11 Dec 2019 1:31 AM