Category: RBI–Banks

S N Subrahmanyan, managing director, Larsen and Toubro. Photo: Kamlesh Pednekar Engineering major Larsen and Toubro reported a 46 per cent jump in consolidated net

Lower burden of loan loss provisioning and income tax refund saw Central Bank of India report lower net loss of Rs. 577 crore in the

Public sector Indian Overseas Bank has offered Bharat Bill Payment System, introduced by the National Payments Corporation of India, for its customers. BBPS is an

Unlike the June policy, when the consensus was that the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) would decide on

The Comptroller and Auditor General of India (CAG) has slammed the managements and statutory auditors of 12 public sector banks (PSBs) for overstating their net

The Insolvency and Bankruptcy Code (IBC) 2016 provides the ultimate economic freedom to exit, and also a mechanism to address honest, relative failures, said MS

Private sector lender ICICI BankBSE -1.02 % on Thursday reported 8.21 per cent year-on-year fall in net profit at Rs 2,049 crore for the quarter

The Insolvency & Bankruptcy Code (IBC) has laid down the way forward for lenders to expedite recovery and resolution of stressed assets while maintaining priority

The Reserve Bank is expected to go for a 25 basis points (bps) repo rate cut in its policy review meet on August 2 as

The recent Supreme Court order allowing a settlement between parties even after initiation of insolvency proceedings has given new food for thought to bankers, debtors

ICICI Bank’s standalone June quarter (Q1) results, announced after market hours, weren’t any encouraging, except that the bank was rescued to a thankful extent by

Atanu Mukherjee The introduction of the Insolvency and Bankruptcy Code, the formation of Insolvency and Bankruptcy Board of India (IBBI) and the recent RBI directed

Indian banks are most at risk in South and South-East (S-E) Asia, and being under-capitalised, they lack sufficient loan provisioning, says a Moody’s poll. It

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) will meet next Wednesday to review the central bank’s policy stance. The RBI

YES Bank continued to deliver strong traction in loans, healthy deposit growth and improving margins in the latest June quarter. But for investors, the bank’s

Says a united front will yield a better price from ARCs than selling loans piecemeal If public sector banks have collectively given a company a

With corporate lending taking a hit due to downturn in investment activity, banks have been relying on the retail segment to drive growth. Within retail,

This is the sixth consecutive quarter in which the lender posted a decline in profit Axis Bank’s net profit shrunk for the sixth quarter on