The non-banking finance company with market capitalisation of Rs 2.84 lakh crore has raised the substantial sum in March alone amid the second Covid wave

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

Reserve Bank has today communicated the applicable average base rate to be charged by Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFIs) to their borrowers for the quarter beginning April 1, 2021, will be 7.81 per cent

A surge in global commodity prices in the last 8 months has seen profitability of domestic steel industry hit record highs leading to reduction in debt

Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them, including on lending, management compensation and directors' fees

IDBI Bank share price opened 17.36 per cent higher at Rs 44.80 against previous close price of Rs 38.25 on strong volume after RBI removed the lender from the prompt corrective action framework

RBI said IDBI Bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis

Rapid digitisation and scaling up of non-banking businesses, from cards to insurance and MFs to YONO, have helped SBI transform itself

The methodology behind the BT-KPMG Best Banks Survey 2020

Banks' ability to transform themselves with speed and agility to survive the next revolution will determine the winners and losers

Stock Market News Updates Today: Nestle India, Titan, RIL, ITC, HUL, HCL Tech, ONGC, HDFC, TCS, PowerGrid and ICICI Bank were among the top losers today. On the other hand, Bajaj Auto, SBI, Bajaj Finance and Reliance Industries were among the gainers

The government is considering a merger of 15-year-old IIFCL, which is a government-backed non-banking finance company, into the new DFI

Bank of India Q3 results: The public sector lender's net interest income fell by 9.19 per cent YoY to Rs 3,740 crore during Q3 FY21 from Rs 4,118 crore in Q3 FY20

RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

Today, SBI shares traded 1.66% higher at the day's high of Rs 403.45 against the last close of Rs 396.85. SBI stock opened at Rs 397.40, and also hit the day's low of Rs 389.10

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Punjab & Sind Bank's provisions for bad loans and contingenices spiked to Rs 2,924.69 crore during the quarter, as against Rs 494.30 crore in the year ago period

The stock of private lender opened higher at Rs 16.80 against its previous close of Rs 16.25. The stock gained 7.5% to the day's high at Rs 17.45 and also hit an intraday low of Rs 16.75. It has gained after 2 days of consecutive fall

In the last five sessions, SBI stock has risen 41.78%. SBI stock is trading higher than 5, 20, 50, 100 and 200-day moving averages. The stock has risen 42% in one month and 45% year-to-date

The jaunt to 50,000 from pandemic lows of March'20 has been aided by a sharp recovery in corporate earnings, benign global liquidity and a much-needed investment-led budget