Search For "banking sector"
Technology Startup 'Resollect' Secures Funding to Transform India's Debt R
Updated : 9 months, 3 weeks ago IST
New Delhi [India], June 5: NPAs have been impacting the growth and profitability of India's banking sector. With more than 80% of SARFAESI cases disputed by borrowers and recovery timelines running into several years, financial institutions have been stuck in an inefficient loop that technol
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Foreign stake in 'YES BANK' could pave way for more foreign participation
Updated : 10 months ago IST
The 20 per cent stake buy by Sumitomo Mitsui Financial Group in 'YES BANK' could pave way for foreign participation in the Indian banking sector says a report by Fitch Ratings. The Reserve Bank of India's (RBI's) approval of YES BANK deal could pave way for similar transactions.
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Zelenskyy lauds EU's 17th sanctions package on Russia, urges stronger meas
Updated : 10 months, 1 week ago IST
Ukrainian President Volodymyr Zelenskyy on Wednesday (local time) expressed his gratitude for the European Union's adoption of its 17th sanctions package against Russia while advocating for even stronger measures to pressure Moscow into ceasing hostilities in the war.
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Only 1 out of 4 banks using AI for competitive advantage: BCG report
Updated : 10 months, 1 week ago IST
Only one out of four banks worldwide is using artificial intelligence tools to gain a competitive advantage over peers, even as such emerging technologies are fundamentally transforming the banking sector, according to a report by consultancy firm Boston Consulting Group (BCG).
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Nirmala Sitharaman reviews banking sector preparedness amidst tension at b
Updated : 10 months, 3 weeks ago IST
Union Finance Minister Nirmala Sitharaman on Friday convened a high-level meeting with the Managing Directors and CEOs of Public and Private sector banks and insurance companies amidst emerging security concerns arising from tensions at the western border.
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Credit growth of banks expected to reach 13 Pc in FY26 from 11.2 pc in FY2
Updated : 12 months ago IST
The credit growth of India's banking sector is likely to rise to 13 per cent in the financial year 2025-26 (FY26) from the current level of 11.2 per cent, according to a report by Anand Rathi.
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India's banking sector loan growth to stay between 12-14% in FY26: Report
Updated : 12 months ago IST
The loan growth of banking sector will stay in the range of 12 to 14 per cent in the Fiscal Year 2026 (Estimated), according to a report by Ambit Capital.
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"BJP's economic mismanagement has a human cost": Rahul Gandhi alleges BJP'
Updated : 12 months ago IST
Rahul Gandhi alleged that the BJP government wrote off Rs 16 lakh crore in loans, linking it to a banking crisis and workplace harassment. He vowed Congress's support for affected professionals, citing ex-ICICI employees' grievances, including forced transfers and wrongful terminations.
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Banking Liquidity will come into a strong surplus by March end: UBI report
Updated : 1 year ago IST
The liquidity situation in India's banking sector is expected to improve significantly by the end of March 2025, with a shift towards a strong surplus, according to a research report by Union Bank of India.
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RBI will have to cut CRR to ease banking liquidity; Mahakumbh leads to sig
Updated : 1 year ago IST
The Reserve Bank of India (RBI) will have to cut the Cash Reserve Ratio (CRR) to ease the prevailing liquidity pressure in the banking sector, according to a report by State Bank of India (SBI) research.
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India's banking sector on recovery path, credit up to 11.4%, deposit up to
Updated : 1 year ago IST
After witnessing a downward trend since April 2024, credit growth in India has shown signs of recovery, rising to 11.4 per cent in January 2025, compared to 11.2 per cent in December 2024, according to a report by Anand Rathi Research.
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After strict regulations in 2023 & 2024, RBI's Policy shift boosts Ban
Updated : 1 year ago IST
After a period of strict regulations in 2023 and 2024, the Reserve Bank of India (RBI) has now shifted its stance, benefiting the banking sector in a significant way, according to a report by CLSA Research.
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