New Delhi [India], June 14: The stability of economies across the world saw wide-ranging volatility throughout the previous decade of the 2010s. Branching off from the above turbulent times, the banking sector in India had found itself in precarious times since the mid-2010s which sparked an
The credit quality of Indian banks and non-bank financial institutions will remain resilient despite a challenging environment for banks globally, according to Moody's Investors Service which said they are well placed to weather global banking sector stress.
Deputy Governor at the Reserve Bank of India, Rajeshwar Rao, said time is right to address the gaps in governance frameworks in banks as the overall banking sector in India at the moment is sound, resilient, and financially healthy.
Indian banking system is better positioned to tackle rising interest rates and the impact of the ongoing US banking turmoil on Indian lending conditions is expected to be limited, according to Crisil.
A resilient bank needs to be financially, operationally and organisationally resilient and should have adequate capital buffers to be able to generate earnings even in times of severe macroeconomic shocks, said Reserve Bank of India governor Shaktikanta Das, adding that it has started loo
The Reserve Bank of India Governor Shaktikanta Das on Thursday said the Indian banking system has remained resilient and has not been affected adversely by the recent crisis seen in the banking system in some advanced economies.
The collapse of a few regional banks in the US, which started with Silicon Valley Bank, and the takeover of the crisis-hit Credit Suisse Bank by the Union Bank of Switzerland (UBS) have sent ripples across the global banking industry and posed fears of a contagion effect across economies.
Emphasising that the Indian banking system is resilient and strong amid the Silicon Valley Bank-led crisis in the US banking system and contagion effect on some others in a matter of less than a week, Union minister Rajeev Chandrasekhar has said startups should opt Indian banks as their p
Addressing the post-Budget webinar on "Enhancing Efficiency of the Financial Services for Creating Growth Opportunities" in a video message on Tuesday, the Prime Minister emphasised that as today's India is moving with new capabilities, the responsibility of those in the financial world of I
New Delhi [India], November 28 (ANI/GPRC): In the Indian banking sector, working women are entitled to maternity benefits, but regrettably, when she returns to work, she is sent to a rural or semi-urban location.
New Delhi [India], August 17 (ANI/PRNewswire): According to Forrester (Nasdaq: FORR), due to COVID-19, more customers in India are relying on online channels for their banking needs. As India's banks slow the rate of new branch openings, digital channels will continue to become even more imp