Personal finance

The co-operative banking sector accounts for only 10.6% of the commercial banking.In the aftermath of the PMC Bank crisis, the Reserve Bank of India (RBI) said that the “highest priority” needs to be assigned to the establishment of a…
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The central bank explained that while supervisory and regulatory measures are designed to strengthen the early warning signals (EWS), the prime responsibility of identifying and managing fraud risks rests with the respective financial…
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The central bank also said that it is expanding the base of stakeholders it consults to determine the financial health of NBFCs.Challenges faced by some non-banking financial companies (NBFCs) were reflective of their inherent…
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The gross non-performing assets (GNPAs) ratio improved as the slippage ratio as well as outstanding GNPAs declined during the period of review.After rising for seven years in a row, the gross non-performing asset (GNPA) ratio of banks…
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The central bank said as public funding alone cannot finance the necessary transformation required to address climate change, green finance is required to be harnessed for financing environment-friendly sustainable development.The…
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The observations were made in the RBI’s report on trend and progress of banking for 2018-19.Stress in large accounts has been on the rise at both private and public sector banks in H1FY20, Reserve Bank of India (RBI) said on Tuesday even…
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Lenders to an Indian shadow bank at the center of an industry crisis since it started defaulting three months ago have called for binding bids from potential rescuers by mid-January, people familiar with the matter said. Altico Capital…
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Representational imageBharti AXA Life Insurance on Monday said its renewal premium income during April-September, 2019-20 rose 20 per cent to Rs 541 core. The private sector insurer had collected a renewal premium of Rs 453 crore in the…
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ESAF Small Finance Bank was incorporated on May 5, 2016, with its registered office in Thrissur.P R Ravi Mohan has been appointed as the new chairman of Kerala-based ESAF Small Finance Bank. He replaced R Prabha, who completed his tenure…
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IBUs are not allowed to open savings accounts.The RBIon Monday said IFSC Banking Units can open foreign currency current accounts of entities operating in IFSC and of non-resident institutional investors to facilitate their investment…
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