Debt availed solely for the purpose of buying luxury items is considered to be 'bad loans'. This can include credit cards and personal loans
Bank advances stood at Rs 102.46 lakh crore and deposits at Rs 138.67 lakh crore in the fortnight ended June 19, 2020
Examination of incident reports and report of the forensic analysis of the said incidents revealed, non-compliance with aforesaid directions, RBI said
The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks
HDFC sold its entire stake in associate company Good Host Spaces for Rs 54 cr and sold part stake in HDFC ERGO General Insurance Co. for Rs 209 cr
Seeking to allay concerns, the RBI further said that the banks have sufficient capital, both at the aggregate and individual levels
Interest rates on small savings: The interest rate on the five-year senior citizens' savings scheme would be retained at 7.4%.
Credit to the household sector rose by 10.9% (y-o-y) and its share in total credit increased to 52.6% in March 2021 from 49.8% the year-ago period
The Reserve Bank of Indi said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions
Syndicate Bank customers will have to use new Canara Bank IFSC for receiving funds through NEFT/RTGS/IMPS