Construction major Hindustan Construction Company (HCC) became India’s first firm to get debt recast under RBI’s new Scheme for Sustainable Structuring of Stressed Assets (S4A). The RBI-mandated Overseeing...
The State Bank of India (SBI) has declared Silchar as its 5th zone in North East to facilitate banking issues for the customers of the region. The 5th...
Four public sector banks (PSBs) may struggle to make coupon payments on their additional tier 1 (AT1) bond as they have reported heavy losses due to a surge...
The Reserve Bank of India (RBI) has notified entities that have been granted a payments bank (PB) licence will need to take specific approval for products they would...
The Reserve Bank of India (RBI) Internal Working Group (IWG) on Rationalisation of Branch Authorisation Policy has proposed easing bank branch norms. It was chaired by Lily Vadera....
The Reserve Bank of India (RBI) in its fourth bi-monthly monetary policy review for year 2016-17 has cut the repo rate by 25 basis points to 6.25%. This...
India’s largest lender State Bank of India (SBI) has announced the opening up its foreign branch in Yangon, the capital city of Myanmar. With this, SBI became the...
The Union Government has notified the constitution of the six members Monetary Policy Committee (MPC). In this regard, the Union Finance Minister has used powers designated under the...
The Appointments Committee of Cabinet (ACC) has appointed three economists as the external appointees on the Monetary Policy Committee (MPC). They are Pami Dua, Chetan Ghate and Ravindra...
India’s largest private sector bank ICICI Bank has successfully deployed ‘Software Robotics’ for power banking operations. With this, it becomes first bank in the country and among few...
