RBI said the lender does not have adequate capital and earning prospects and as such, it does not comply with the various provisions of the Banking Re
Reserve Bank of India Deputy Governor M Rajeshwar Rao has been appointed as the Regulations Review Authority
Unlike bank accounts, one does not need to have a minimum balance to keep his or her e-wallet account active
S&P Global Ratings believes systemic risks facing banks in India are likely to remain high in the wake of the second wave of COVID-19 infections and a
Non-banks are better prepared to manage as they have ramped-up defences in the form of stronger capitalisation buffers and better on-balance sheet liq
Shaktikanta Das also highlighted the recent policy measures taken by RBI to further support the ongoing recovery while preserving financial stability
Fitch expects a moderately worse environment for the Indian banking sector in 2021, but headwinds would intensify if rising infections further affect
UCO Bank will also seek the approval of the shareholders for issuing preference shares to the government for capital infusion in the next EGM
The Finance Ministry said that 4.20 crore PMMY loans were sanctioned in 2020-21, and Rs 2.66 lakh crore was allocated in 2020-21 as on March 19, 2021
According to ICRA Ratings, gross non-performing assets of banks may worsen further to 9.9-10.2% by March 31, 2022