Mutual Fund or Bank deposit ?
[ad_1] Country's biggest lender SBI has moved the National Company Law Tribunal (NCLT) against Jaiprakash Associates Ltd for initiation of insolvency proceedings against the debt-ridden company. State Bank of India (SBI) in its plea filed before the Allahabad bench of NCLT has claimed a total default of Rs 6,893.15 crore
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[ad_1] With less than a week remaining for implementation of Reserve Bank of India's (RBI) tokenisation mandate, top merchants have once again approached the regulator to direct banks, payment aggregators and card networks to ensure that recurring payments are tested widely to avoid disruptions. Without directly seeking an extension, the Merchant
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[ad_1] State-owned Bank of India has acquired over 5.5 per cent stake in Open Network for Digital Commerce (ONDC) for Rs 10 crore, the lender said on Tuesday. On September 27, 2022, the bank invested in the capacity of promoter shareholder of ONDC, an amount of Rs 10 crore in
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[ad_1] Banks have more than doubled their market borrowings to lend as core deposit growth has lagged behind the demand for loans as consumers are witnessing huge income erosion due to inflation impacting deposit growth. Such borrowings which are in addition to interbank and RBI borrowings essentially comprising various kinds of
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[ad_1] High defaults of about 8 per cent in the education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing assets (NPAs) in the education loan category including public sector banks' (PSBs) were 7.82 per cent at the end of June quarter of
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[ad_1] Kolkata: Central Bank of India, the latest lender to extricate itself from regulatory curbs, has set a target of reducing bad loans to the tune of ₹6,000 crore in the next three months to bring the gross non-performing assets ratio below 10%. The state-owned bank is carrying a gross NPA
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[ad_1] State-owned lender Central Bank of India has set a target of reducing bad loans to the tune of Rs 6,000 crore in the next three months in order to bring the gross non-performing assets ratio below 10%. The bank is carrying a gross NPA burden of Rs 29,000 crore, which
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[ad_1] India's banking system liquidity has slipped into deficit for the first time in nearly 40 months, according to the Reserve Bank of India. The RBI infused 218 billion Indian rupees ($2.73 billion)into banking system on Tuesday, the biggest since May 2019. Overnight rates continue to stay elevated, with one-day call
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[ad_1] The Reserve Bank has declined Tamilnad Mercantile Bank's recommendation to appoint B Vijayadurai as part time non-executive chairman of the lender, as per a regulatory filing. The bank had on August 20 recommended to the RBI for appointment of B Vijayadurai as part time non-executive chairman. "Reserve Bank of
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[ad_1] The Reserve Bank of India has taken state-owned lender Central Bank of India out of prompt corrective action (PCA) restrictions, subject to certain conditions and continuous monitoring. The Mumbai-based lender is the last one to exit the PCA framework, which is triggered when banks breach three primary risk thresholds based
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