Markets regulator Sebi on Monday directed Credit Rating Agencies (CRAs) to verify the issuer’s fund availability and ascertain the reasons for payment failure in cases where non-payment of debt arises …
Banking and finance stocks have earned stellar returns over the past few years, thereby attracting retail investors. The sector index BSE Bankex has gained over three times since April 1, …
Citi, which banks 45% of India’s unicorns, is betting big on funding what it calls the digital disruptor clients in the country, a top executive said. “We make around 15% …
Shyam Srinivasan, MD & CEO, Federal Bank, says the bank has been growing 18-20% per annum roughly for the last few years. Economy is expected to grow between 7% and …
The Reserve Bank of India (RBI) has voiced its concerns over elevated levels of gross non-performing assets (NPAs) in urban cooperative banks, although profitability indicators have improved. It has called …
RBI’s move to raise incremental CRR that has come as a shock to banks could also end up increasing transmission of deposit rates as the move will force banks to …