Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found.
The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed.
Mumbai (Maharashtra) [India], March 5: In the world of banking, where trust and security are paramount, the proverb "Fortune favours the one who is prepared" rings especially true. This sentiment finds its embodiment in the recent accolade bestowed upon BHARAT Co-operative Bank (Mumbai) Ltd.
In a first-of-its-kind initiative, the Election Commission of India (ECI) on Monday signed a Memorandum of Understanding (MoU) with the Indian Banks' Association (IBA) and the Department of Posts (DoP) to amplify its voter outreach and awareness efforts ahead of the forthcoming Lok Sabha ele
Indian banks continue to stand healthy, strong and resilient amidst global turmoil and while Non-Performing Assets (NPAs) are coming down, profit margins are going up, Finance Minister Nirmala Sitharaman said on Tuesday
According to S&P Global Ratings, these actions include a substantial increase in risk weights on unsecured personal loans, credit cards, and loans to nonbank finance companies (NBFCs), aiming to curb riskier lending practices and bolster overall financial stability.
Fitch foresees the continuation of robust Viability Ratings (VR) for Indian banks, largely propelled by the bolstering operating conditions and sustained financial performance in the short run.
According to a press release, With participation from 24 banks, including public sector, private sector, and foreign banks, this survey offers valuable insights into the financial health of the Indian economy.
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed during the just concluded monsoon session of Parliament.
Banks from 22 countries have opened special Rupee vostro accounts in Indian banks in order to trade in local currency as part of gradual de-dollarisation plans, the Parliament was informed on Friday.