Personal finance

India Ratings said its downgrade on the bank’s long-term issuer rating to ‘Ind A’ from ‘Ind A+.Continued uncertainties on capital raising resulted in two domestic rating agencies downgrading private sector lender Yes Bankon Thursday.…
Read More...

The RBI issued the prudential framework for the resolution of stressed assets for large accounts amounting loans of over Rs 2,000 crore through the June 7 circular this year.By Ankur MishraThe Reserve Bank of India (RBI) is not going to…
Read More...

SBI Chairman Rajnish KumarSBIChairman Rajnish Kumar on Saturday said banks cannot go beyond a threshold to bring down interest rates on deposits as India lacks social security schemes and likewise cannot lend at lower rates to…
Read More...

The clarification comes after a news report suggested that Indian banks may ask depositors and customers to list their religion.Finance Secretary Rajiv Kumar on Saturday denied the “baseless rumours” that Indian citizens need to declare…
Read More...

“So in such circumstances, banks will have to evaluate carefully before lending to the sector as the probability of default is very high,” Kumar said.SBIChairman Rajnish Kumar on Saturday said most banks will be in a good position with…
Read More...

India boasts around 570 million internet users, ranked only behind China, but this is growing at a rate of 13% annually.Since the first real-time payment transaction was initiated at an ATM in 1977, technology has now made 24*7*365…
Read More...

On India meeting the ambitious target of trillion economy by 2024, Narendra Modi said that the goal is achievable.Prime Minister Narendra Modion Friday said that the banking sector has become strong after the government announced a slew…
Read More...

Earlier, at the same event, Prime Minister Narendra Modi too had assured the banks that the banks are now free to take bold decisions.Finance Minister Nirmala Sitharaman on Wednesday said that the banks must pass on rate cut benefits and…
Read More...

The bank has issued and allotted Basel III compliant additional tier I bonds, Bank of Baroda said in a regulatory filing.Bank of Barodaon Wednesday said it has raised Rs 1,747 crore by issuing Basel III compliant bonds on a private…
Read More...

Microfinance growth over the last four to five years has been driven by geographical expansion. (Reuters Image)Microfinance sector which grew at a compounded rate of 48 per cent in the last five years has a potential for further growth…
Read More...