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Yes Bank to raise fund via bonds in Indian/foreign currency
Yes Bank will raise funds in "Indian/foreign currency by issue of debt securities including but not limited to non-convertible debentures, bonds, medi
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Business correspondents come to the rescue of rural India in Covid-times
While rural branches went up marginally, banks tried to deliver services through the business correspondents
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Banks begin process of restructuring of loans up to Rs 25 crore
Many lending institutions have got board approval for the resolution framework and eligible borrowers are being contacted
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Why credit growth hit a 59-yr low in FY21?
One reason could be that the higher (AAA & AA+)-rated companies could borrow cheaper from the markets than from banks whose loan pricing has been as h
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Banks need to closely monitor asset quality, prepare for higher provisioning: RBI
RBI expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers, im
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Fixed deposits: Claim process in case of someone’s death, check details
The depositor is always asked to select a nominee who can claim the proceeds in the unfortunate event of the depositor's death
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Ensure continuity in provision of various financial services: RBI guv to private banks
RBI Governor Shaktikanta Das also urged private banks to continue focussing on efforts to further strengthen their balance sheets proactively
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Bank credit grows by 6.02%; deposits by 9.87%
In the fortnight ended May 8, 2020, bank advances stood at Rs 102.52 lakh crore and deposits at Rs 138.50 lakh crore, according to RBI's Scheduled Ban
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Life Insurance Corporation ups stake in Union Bank of India to over 5%
LIC held 3.09% stake in UBI earlier, representing 19,79,23,251 equity shares of the bank
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Reserve Bank of India imposes penalty on City Union Bank, three other lenders
In each case, the RBI said the penalties were imposed based on the deficiencies in regulatory compliance and is not intended to pronounce upon the val
