IDBI Banks Board Approves 27 Per Cent Stake Sale In IDBI Federal Life Insurance Company
Ageas and Federal Bank will increase their stake in IFLI by 23 per cent (to 49 per cent) and 4 per cent (to 30 per cent)... Read more
Centre Promulgates Ordinance To Bring Co-operative Banks Under RBI Supervision
The Ordinance seeks to protect the interests of depositors and strengthen cooperative banks by improving governance and ... Read more
S&P Downgrades Ratings Of Four NBFCs
Global rating agency Standard and Poor’s has downgraded ratings on four non-bank finance companies including Bajaj Fin... Read more
SOLV Partners With Standard Chartered Bank To Launch Credit Card For MSMEs
SOLV, a B2B digital platform for Micro, Small and Medium Enterprises (MSMEs), has launched a credit card tailor-made for... Read more
Put Your Head Down And Play The Difficult Over, And There Will Be Opportunities To Score Fours And Sixes
The Covid-19 pandemic has posed a fresh set of challenges to the already slowing Indian economy as well as to the financ... Read more
S&P Downgrades Ratings Of Axis Bank, Puts Indian Bank On Credit Watch
Global rating agency Standard and Poor’s, on Friday, lowered the ratings of private sector lender Axis Bank as it beli... Read more
Banks Eye One-time Settlement Route To Recover Bad Loans
“When one door closes, another opens…,” AG Bell, the great inventor, scientist and engineer once said. This adage ... Read more
Banks Undertake Stress Tests To Assess Impact Of Covid On NPAs
Banks have undertaken stress tests to assess the level of bad loans or non-performing assets (NPAs) caused due to econom... Read more
SC Dismisses Anticipatory Bail Plea Of DHFL Promoters In YES Bank Case
The Supreme Court, on Friday, dismissed the anticipatory bail pleas of DHFL promoters Dheeraj Wadhawan and Kapil Wadhawa... Read more
UCO Bank Hopeful Of Coming Out Of RBIs PCA Framework; Posts Q4 Profit Of ₹17 Crore
UCO Bank is hopeful of coming out of the Prompt Corrective Action (PCA) measure of Reserve Bank of India as it has compl... Read more
South Indian Bank Posts Profit Of ₹105 Crore In FY20
South Indian Bank has reported a net profit of ₹105 crore for FY20 against ₹248 crore in the previous year.The decli... Read more
Insurance Tech Start-up Bima Mandi Aims To Serve Over 40 Lakh Customers In Next 10 Years
Insurance tech start-up Bima Mandi intends to serve more than 40 lakh rural customers across 125 districts and 1,000 vil... Read more
Kerala HC To Take Up SBI Appeal On July 1 NPS Rollout
The Kerala High Court is expected to take up on July 1 a writ appeal filed by the State Bank of India against a judgment... Read more
Standard Health Cover Arogya Sanjeevani Sales Picking Up: IRDAI Chief
The country’s first standard health cover policy, Arogya Sanjeevani, is gaining ground and is expected to see traction... Read more
RBIs Central Board Meets To Take Stock Of Economic Situation
The Reserve Bank of India’s central board, on Friday, took stock of the current economic situation and the evolving ch... Read more