The new RBI guidelines on loans have shocked the credit rating agencies.
The Reserve Bank of India has said that a company's ratings on loans cannot be notched based on 'diluted and non-prudent...
The Shanghai-based multilateral bank of the Brics countries, The New Development Bank (NDB), is set to open its first regional office in India at the Gujarat International Finance Tec (GIFT) City.
The objective...
The Supreme Court had rejected a case on Friday put forth by the Bank of Maharashtra challenging a High Court's order.
The High Court had ordered the Bank of Maharashtra to accept...
Union Bank of India launched an online platform called 'Trade Nxt,' which provides cross-border financial trading services to Indian importers and exporters.
It provides access to the entry and processing of credit (LC),...
In a recent notification, the Government of India has made it mandatory to quote PAN cards or Aadhar Card for transactions equal to or more than 20 lakhs in the current financial...
The Supreme Court's decision was a relief for all the Financial Creditors, especially banks. The SC has allowed banks to approach a new route to make recoveries from debt defaulting companies.
Now banks...
The Central Bank of India, a state-owned bank, recorded a net profit of Rs 310.31 crore in March 2022, compared to a net loss of Rs 1349.21 crore in the preceding quarter...
According to the recent news, it is widely circulated by media that the Central Bank of India has decided to close down its branches across the country to stabilise its financial position...
The India Post Payments Bank or shortly known as the IPPB is a division of the Indian Post. It is an active body under the Ministry of Communications of the Indian Government....
LIC IPO: The Life Insurance Corporation of India - more popularly identified as LIC - is one of the most popular names associated with all types of insurance in India. LIC is...
