Saturday, July 13, 2024
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In less than six months of the new law, DICGC settles more than 25% of the amount it did in its life time

[ad_1] The new deposit insurance law is ensuring that depositors in bankrupt banks are getting quick payments with it nearly paying out Rs. 1,500 crores in less than six months of its enactment. This is more than a quarter the amount the Deposit Insurance Corporation has paid out in the

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HDFC Bank | Second wave: HDFC Bank concerned over retail asset quality in near-term

[ad_1] The country's largest private sector lender expects the otherwise resilient retail segment to report a higher incidence of asset quality stress because of the second wave of COVID-19 infections. Borrowers who had to avail cover under regulatory dispensations like moratorium and restructuring after the first wave will be

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SC verdict on compound interest/penalty refund not to impact banks as govt to reimburse: Yes Securities

[ad_1] Yes Securities, the broking and investment arm of Yes Bank, on Wednesday said the Supreme Court directive on loan moratorium due to pandemic has brought the much needed clarity and there will not be any financial impact on the banks as the compound interest waiver is to be reimbursed

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Sense has prevailed, moratorium is a commercial decision that banks should take: Uday Kotak

[ad_1] Veteran banker Uday Kotak on Tuesday welcomed the Supreme Court's ruling on loan moratorium and said it is a commercial decision that banks should take. "Finally, sense has prevailed. This is a commercial decision that must be left to banks," he said on CNBC TV18. In its awaited ruling, the SC

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