Post IL&FS crisis, other large NBFCs such as DHFL and Indiabulls had tough times that led to a huge drop in their stock prices.
Economic affairs secretary Subhash Chandra Garg has said that lack of timely data is responsible for the existing crisis in the shadow banking sector even...
Travelex, the category leading foreign exchange specialist is pleased to announce their partnership with Warwick Business School, in delivering the first module of their leadership development programme, Accelerate.The collaboration is the first of its kind, having particular focus on building leaders for the future...
The timing is a surprise as the last available data are not showing rising trends of impairment.
RBI has allowed banks/NBFCs to undertake a one-time restructuring exercise of MSME borrowers who are stressed but yet to be classified as NPLs. Lenders would have to make 5% provisions on these...
The announcement late Thursday sent the bank’s shares up as much as 14 percent on Friday, set for the biggest gain since October 2017.
United Bank of India became the first of the country’s ailing state-run banks to announce a new cash injection from the government, disclosing in a...
The PCA banks have also increased recoveries, while containing the growth in advances and deposits, reducing riskiness of assets and focusing on better rated assets.
The 11 public sector banks that are under the prompt corrective action (PCA) framework have shown lower growth in gross non-performing assets as against...
