Search For "banking sector"
India's bank debt restructuring to delay NPL recognition: Fitch
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 11 (ANI): The Reserve Bank of India's (RBI's) recent proposal to allow banks to restructure many types of loans will extend uncertainty over the banking sector's asset quality, Fitch Ratings said on Tuesday.
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PM to interact with bank, NBFC stakeholders on Wednesday
Updated : 5 years, 8 months ago IST
New Delhi [India], July 28 (ANI): Prime Minister Narendra Modi will join stakeholders from banks and Non-Banking Financial Companies (NBFCs) to discuss and deliberate on vision and roadmap for the future on Wednesday evening.
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Right time for fiscal push will be when COVID-19 vaccine is available: CEA
Updated : 5 years, 8 months ago IST
New Delhi [India], July 22 (ANI): Amidst the financial doldrums roped in by the pandemic, the right time for a fiscal push will be once the vaccine for COVID-19 is available, said Krishnamurthy Subramanian, Chief Economic Advisor (CEA) on Wednesday.
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Russian economy faces deep recession amid global pandemic and oil crisis:
Updated : 5 years, 8 months ago IST
Moscow [Russia], July 6 (ANI): Fueled by a Covid-19 triggered deep global recession, Russia's 2020 GDP growth is projected to contract by 6 per cent, an eleven-year low, with a moderate recovery in 2021-2022, according to the World Bank's latest Russia Economic Report released on Monday.
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Axis Bank to close British subsidiary, focus on Indian business
Updated : 5 years, 8 months ago IST
Mumbai (Maharashtra) [India], July 3 (ANI): Private sector lender Axis Bank is fully winding down and closing operations of its subsidiary in Britain as it focuses on the Indian banking sector.
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Banking sector needs recapitalisation of Rs 4 lakh crore: Uday Kotak
Updated : 5 years, 9 months ago IST
New Delhi [India], June 2 (ANI): Industry leaders said on Tuesday that the banking and financial sectors need structural reforms to propel economic growth as the country aspires to become self-reliant in the face of coronavirus crisis and enters the 'Unlock Phase 1.'
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Industry appreciates RBI rate cut, loan moratorium extension
Updated : 5 years, 10 months ago IST
New Delhi [India], May 22 (ANI): Industry experts on Friday largely welcomed the Reserve Bank of India's measures to increase private consumption and provide liquidity access to all sectors hit by the Covid-19 pandemic.
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TCS to power Israel's first fully digital bank
Updated : 5 years, 11 months ago IST
Tel Aviv [Israel], April 15 (ANI): Tata Consultancy Services (TCS) said on Wednesday it has been selected by Israel's Ministry of Finance to transform its banking sector by building a service bureau that will serve as a shared, plug-and-play, digital banking operations platform.
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Telangana BJP lauds role of RBI, central govt in dealing with Yes Bank cri
Updated : 6 years ago IST
Hyderabad (Telangana) [India], Mar 7 (ANI): The Telangana Bharatiya Janata Party (BJP) on Saturday lauded the role of RBI and Narendra Modi government in dealing with the crisis in Yes Bank, saying it had saved hard-earned money of depositors.
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Equity indices fall by 0.5 pc, banking stocks worst hit
Updated : 6 years, 1 month ago IST
Mumbai (Maharashtra) [India], Feb 17 (ANI): Equity benchmark indices ended lower on Monday with investors trying to gauge the impact of Supreme Court verdict on telecom operators regarding the adjusted gross revenue (AGR) dues and the consequent result on banking sector.
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Reforms in banking sector to remain priority: Sitharaman
Updated : 6 years, 1 month ago IST
New Delhi [India], Feb 1 (ANI): A clean, reliable and robust financial sector is critical to achieving the vision of India becoming a five trillion economy in the next five years, Finance Minister Nirmala Sitharaman said on Saturday.
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Govt making efforts to ensure better regulatory mechanism in banking secto
Updated : 6 years, 4 months ago IST
Chennai (Tamil Nadu) [India], Nov 24 (ANI): Union Finance Minister Nirmala Sitharaman has said that the Central government is making efforts to ensure better regulatory mechanism in the banking sector in the backdrop of PMC and IL&FS debt issues.
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