Singapore, July 22 (ANI): Dewan Housing Finance Corporation Limited's (DHFL's) weakening solvency is credit negative for Indian banks because they are key lenders to the company and its default will negatively affect their asset quality and profitability, Moody's Investors Service said on Mo
Washington [USA], July 13 (ANI): Indian banker Anshula Kant was on Friday appointed as the World Bank Group's Managing Director and Chief Financial Officer, according to the group's President David Malpass.
Singapore, June 2 (ANI): Fitch Ratings believes that the Indian banking sector is still struggling with poor asset quality and weak core capitalisation.
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], 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 17 (ANI): Considerable liquidity constraints witnessed in the economy during second half of 2018 are likely to continue for the remaining fiscal year (January to March 2019), according to a joint survey by Federation of Indian Chambers of Commerce and Industry (FICC
London [UK], Feb 14 (ANI): Fugitive liquor baron Vijay Mallya on Thursday asked why Prime Minister Narendra Modi is not instructing Indian banks to take the money he has "offered" to pay off the public funds lent to defunct Kingfisher Airlines, a day after Modi referred to a person who "r
Kathmandu [Nepal], Dec 14 (ANI): In a move that may severely impact Indian tourists, traders and the Nepalese persons working in India, the Government of Nepal has banned use of Indian currency banknotes of Rs 200, Rs 500 and Rs 2000.
New Delhi [India], Sep 11 (ANI): Union Textiles Minister Smriti Irani on Tuesday launched a scathing attack on the Congress over former Reserve Bank of India (RBI) governor Raghuram Rajan's remarks that most bad loans that account for Indian banks' Non Performing Assets (NPA) originated duri
New Delhi [India], July 5 (ANI): Union Minister for Commerce and Industry Suresh Prabhu said that he will soon hold a meeting with Indian Bank Association to discuss the treatment of exports as priority sector lending by the banking system.
Mumbai (Maharashtra) [India], June 22 (ANI): Indian Banks' Association (IBA) CEO V.G Kannan on Friday condemned the arrests of the Bank of Maharashtra's Managing Director and others, saying it was unwarranted as all due procedures were adhered to.