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Indian banks are better placed with strong balance sheet, low NPAs and hig
Updated : 1 year, 11 months ago IST
After suffering from seething government and disturbing bad loan difficulties, Indian banks have established themselves in a much stronger position, as balance sheets and profits have rebounded markedly, noted CLSA (formerly known as Credit Lyonnais Securities Asia), a capital markets and in
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DPIIT reviews infrastructure projects of Railways, MoRTH and MoHUA to boos
Updated : 1 year, 11 months ago IST
The 72nd meeting of the Network Planning Group (NPG) evaluated three major infrastructure projects under the PM Gati Shakti National Master Plan (NMP), a national master plan for multi-modal connectivity, that brings 16 ministries, including railways and roadways together for integrated p
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RBI says India's banking sector is sound and resilient, Gross NPA is below
Updated : 2 years ago IST
India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday.
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NPCI International and the Central Reserve Bank of Peru Partner to Develop
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], June 6: NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership to enable the deployment of a UPI-like real-time payments system in Peru. This collaboration marks a significant milestone, making Peru th
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NIPL ties up with Central Bank of Peru for UPI-like payment system in Peru
Updated : 2 years ago IST
NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) have announced a partnership on Wednesday to enable the deployment of a UPI-like real-time payments system in Peru
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ROX Hi-Tech Limited's FY24 Revenues Surge 32 per cent While NP By 38 per c
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], June 3: ROX Hi-Tech Limited (NSE - ROXHITECH), a customer-centric IT solutions provider, has announced its Audited Financial Results for the FY24.
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Poonawalla Fincorp Achieves Significant Milestone of GNPA Below 1 per cent
Updated : 2 years ago IST
Pune (Maharashtra) [India], June 3: Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC focusing on consumer and MSME finance, has achieved a significant milestone of Gross NPA below 1 per cent and Net NPA below 0.5 per cent as on 31st May 2024. It continued to regis
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RBI is working on expanding UPI to 20 countries by 2028-29: RBI Annual Rep
Updated : 2 years ago IST
The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20 countries by FY29. RBI Annual report says possibilities will be explored for increasing the global footprints of UPI and RuPay.
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PFRDA acknowledges NPS distribution channels' contribution to subscriber e
Updated : 2 years ago IST
According to a press release, the gathering also served as a platform to recognize the achievements of POPs during FY 2023-24 in subscriber enrolment initiatives.
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Bad loans during UPA stifled credit needs of startups and small businesses
Updated : 2 years ago IST
The bad loans crisis during the Congress-led UPA tenure stifled the credit requirements and dreams of crores of aspirational Indians who wanted to establish start-ups and expand small businesses, alleged Finance Minister and senior BJP leader Nirmala Sitharaman.
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IDFC FIRST Bank to Raise Rs 3,200 cr Via Preferential Issue
Updated : 2 years ago IST
Mumbai (Maharashtra) [India], May 31: IDFC FIRST Bank has laid a robust foundation with a strong and profitable business model. The Bank is seeing strong traction in raising deposits with customer deposits growing by 42% in FY24 over FY23. The Bank also sees significant upcoming opportunitie
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Insolvency and Bankruptcy Code helped banks to recover from NPA: Nirmala S
Updated : 2 years ago IST
Citing the success of the IBC, she mentioned that World Bank, in its 2019 report, noted that India's 2016 insolvency regime reform increased creditor recovery rates from 26.5 to 71.6 cents on the dollar, making India 'by far the best performer in South Asia' and surpassing even the averag
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