Minister of Commerce and Industry Piyush Goyal on Wednesday urged Indian banks to provide MSMEs with improved and inexpensive loans in order to meet the aim of 1 trillion dollars in product exports.
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.
"As for the rupees this is a problem because we accumulated billions of rupees in accounts in the Indian banks and we need to use this money", said the Russian Foreign Minister during a media briefing here.
In order to facilitate cross-country transactions, Sonali Bank and Eastern Bank will open accounts in the State Bank of India and ICICI Bank. The two Indian banks will also open similar accounts in the two Bangladeshi banks, as per the news report.
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
While addressing the queries of the media during a press conference after the announcement of the Monetary Policy's outcome, he said RBI has taken a number of steps to strengthen the resilience of Indian banks and it has set guidelines on risk management committees and made it mandatory to a
Besides reviewing the progress under the social security schemes promoting financial inclusion, public sector banks were exhorted to achieve the targets allocated to them under the schemes for the 2022-23, according to a statement from the ministry of finance.
Mumbai (Maharashtra) [India], September 17 (ANI): Finance Minister Nirmala Sitharaman has exhorted the banking sector to play a lead role in realising the dream of a developed India by 2047.
Mumbai (Maharashtra) [India], September 10 (ANI/PNN): Lyra Network Private Limited, a fintech and paytech solutions platform, has received approval from the Reserve Bank of India (RBI) for Payment Aggregator (PA) Authorization.
New Delhi [India], August 29 (ANI): The economic activity in India is in recovery mode as growth seen broad basing with most sectors operating at pre-pandemic levels, a joint survey conducted by industry body FICCI and Indian Banks' Association revealed. The uptick in growth was despite a mu