The Reserve Bank of India (RBI) on Thursday said it has rejected lenders’ requests to allow them to acquire certain non-financial assets before a borrower turns non-performing, as well as to sell such assets back to the same borrower. On 5 May, the RBI ha... See more
MUMBAI: Indian companies are increasingly moving up the value chain, focusing on higher-end and better-quality products as they look to expand into markets such as the European Union and the US, according to Citi’s global head of commercial banking, Tasni... See more
MUMBAI: Private sector lender IDFC First Bank said a forensic review by KPMG found that the ₹646 crore fraud uncovered at its Chandigarh branch earlier this year was an isolated incident involving collusion between branch employees, customer representativ... See more
Mumbai/New Delhi: Even as India’s central bank paused interest rates despite raising its inflation forecast and lowering its growth outlook, it rolled out a sweeping package of measures to attract foreign capital as policymakers grapple with pressure on t... See more
Getting customers to park their money in deposits remains a struggle for banks, as loan demand continues to race ahead of deposit growth. In the March quarter, HDFC Bank stood out as the sole lender to raise deposits faster than loans, a period when its p... See more
