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Banks seek RBI's nod to defer penal interest guideline by 3 months The RBI issued guidelines instructing banks to levy charges rather than increase the interest rate for borrowers who fail to meet the terms and conditions of a loan contract starting January 1, 2024
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Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows
Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows CD issuances in December highest in this financial year
Read More »Centre, Asian Development Bank sign two loan pacts worth $250 million
Centre, Asian Development Bank sign two loan pacts worth $250 million Manila-based Asian Development Bank (ADB) on Monday said it has approved two loans, including funding for the construction of an 82-km Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, of USD 250 million each. The other loan of USD 250 million towards continued support to industrial corridor development to make ...
Read More »Bank NIMs may dip further by 30 bps over few quarters: CARE Ratings
Bank NIMs may dip further by 30 bps over few quarters: CARE Ratings Banks are still grappling with policy rate hikes on deposits, along with regulatory actions on unsecured lending
Read More »Lawmakers to hold discussions with select banks, insurance cos next year
Lawmakers to hold discussions with select banks, insurance cos next year Indian government, in 2019, announced the merger of 10 state-owned banks into four lenders
Read More »India's foreign reserves jump to a five-month high of $607 billion
India's foreign reserves jump to a five-month high of $607 billion The total reserves rose due to the increase in foreign currency assets, which rose by $3 billion in the week
Read More »Loan EMIs to rise! SBI hikes MCLR by up to 10 basis points
Loan EMIs to rise! SBI hikes MCLR by up to 10 basis points According to the SBI website, only the overnight rate has remained unchanged. As of December 15, the MCLR for the one-year tenure has been raised to 8.65 per cent, up from 8.55 per cent
Read More »S&P downgrades Vedanta Resources to 'CC' on potential bond extensions
S&P downgrades Vedanta Resources to 'CC' on potential bond extensions The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023
Read More »S&P downgrades Vedanta Resources to 'CC' on potential bond extensions
S&P downgrades Vedanta Resources to 'CC' on potential bond extensions The ratings remain on CreditWatch with negative implications, where they were first placed on September 29, 2023
Read More »IRDAI aims to move towards RBC model, IFRS by 2025, says chairman
IRDAI aims to move towards RBC model, IFRS by 2025, says chairman The Chairman also said that Indian insurers are converging towards the IFRS Accounting system by implementing the IND-AS
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