Banks general
Govt extends Rs1,00,000-cr credit support to NBFCs/HFCs
14 Aug 2019
Under the scheme, government would provide a one-time partial credit guarantee to PSBs for purchase of high-rated pooled assets of financially sound non-banking finance companies and housing finance companies
RBI to allow 24/7 fund transfers through NEFT from December
08 Aug 2019
Besides expanding the bill payment network and smoothening the payment and settlement systems, the central bank also revised downward the risk weight for consumer credit, including personal loans, but excluding credit card receivables, to 100 per cent from 125 per cent or higher
Banks to boost lending and support growth as economy sags
06 Aug 2019
The decision was announced at a meeting - the first of a series of meetings that the finance ministry is convening - to discuss current economic issues with key stakeholders
SBI, PNB cuts interest rates on fixed deposits
01 Aug 2019
RBI lets banks sell NPAs abroad as one-time settlement
31 Jul 2019
The RBI move will allow companies and banks to raise cheap, long-term loans overseas, skirting the Insolvency and Bankruptcy Code process, which could again add to the huge amount of stressed assets in the economy
Deutsche Bank to lay off 18,000 Asia-Pacific jobs as it exits equity markets 08 July 2019
08 Jul 2019
Deutsche Bank expects the EUR 7.4 billion overhaul to result in a EUR 2.8 billion euro ($3.1 billion) net loss in the second quarter itself
Banks asked to ensure timely credit to MSMEs
28 Jun 2019
Govt planning online marketplace for MSMEs: Gadkari
28 Jun 2019
Minister for micro, small and medium enterprises (MSME), highways and shipping, Nitin Gadkari, expressed his commitment to raise MSMEs’ contribution to GDP to 50 per cent by creating an enabling environment for the growth of the sector
Govt claims success with its banking sector reforms
26 Jun 2019
Asset quality of banks has greatly improved, which is reflected in 45 per cent year-on-year reduction in slippage into non-performing assets (NPAs) in FY 2018-19, and 63 per cent reduction in 31 to 90 days overdue corporate accounts by March 2019 from their peak level in June 2017, says the finance ministry
ACB exposes illicit lending, illegal appointments by sacked J&K Bank chief
10 Jun 2019
Parvez Ahmad Nengroo, the sacked chairperson of J&k Bank, is alleged to have illegally sanctioned loans worth hundreds of crores to clients recommended by former PDP minister Imran Aftab Ansari and People’s Conference chief Sajjad Lone, according to the investigating agency
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India’s Millet Revolution To Enrich Global Food Basket
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