Mumbai (Maharashtra) [India], Mar 29 (ANI): The banking sector's non-performing loan (NPL) ratio improved in first nine months of current financial year but slow resolution and weak capital are likely to keep th
New Delhi [India], Mar 23 (ANI): Cash-strapped Jet Airways on Saturday suspended services on 13 more international routes till April end after grounding seven more planes due to non-payment of outstanding dues to lessors.
Pune (Maharashtra) [India], March 19 (ANI/BusinessWireIndia): Bajaj Finance Ltd., one of the most diversified NBFCs in India & RBL Bank, one of India's fastest growing private sector banks, today jointly announced that the Bajaj Finserv RBL Bank SuperCard has reached one million milestone ma
Ranchi (Jharkhand) [India], Mar 12 (ANI): The Central Bureau of Investigation on Tuesday registered a case against Ranchi Expressway Limited, Madhucon Group of Companies and officials of Consortium of Banks led by Canara Bank for alleged irregularities in the Ranchi-Jamshedpur (NH-33) projec
Bengaluru (Karnataka) [India], March 6 (ANI): AU Small Finance Bank Ltd. , a Fortune India 500 company and one of India’s fastest growing banks, today announced its partnership with a new age insurtech company, Acko General Insurance Limited. Partnering with Acko, India's first digital insu
Pune (Maharashtra) [India] March 5 (ANI): The year 2018 witnessed all developed economies hiking their interest rates. The US Fed hiked it four times, whereas Reserve Bank of India (RBI) increased its policy rates twice. Bank deposit rates have moved in tandem to this increase. Whil
Manama [Bahrain] March 1 (ANI): BENEFIT, the leading electronic financial transactions network, announced at a press conference held recently at Wyndham Grand Hotel, the launch of the new national Electronic Know Your Client (eKYC) Project, which is the first of its kind in the Arab World, t
New Delhi [India], Feb 28 (ANI): The Insolvency and Bankruptcy Code (IBC) has brought back close to Rs 3 lakh crore back into the banking system, Finance Minister Arun Jaitley said on Thursday.
New Delhi (India), Feb 28 (ANI): Union Finance Minister Arun Jaitley said on Thursday that industry leaders must give up the tendency of not paying back loans to banks as the 'new normal' is already in place.
Mumbai (Maharashtra) [India], Feb 22 (ANI): HDFC Bank Limited (HDFC), one of India’s largest private sector banks has partnered with Route Mobile Limited (Route Mobile) to showcase Rich Communication Services (RCS) on Google’s RCS Business Messaging platform at Mobile World Congress (MWC) 20
Singapore, Feb 21 (ANI): The latest move of India government of capital infusions will improve the solvency of banks and significantly boost their provisions for non-performing loans but large volumes of legacy problem loans are yet to be resolved, Moody’s Investors Service said on