Indian banks are set to strengthen their financial resilience under the Reserve Bank of India's (RBIs) proposed regulatory reforms, global rating agency Fitch Ratings said in a report released on Sunday.
Mumbai (Maharashtra) [India], August 29: Novacore Innovations, headquartered in Mumbai, today announced the deployment of India's first GPU cloud platform powered by NVIDIA Blackwell servers, marking a milestone for the nation's AI infrastructure and global competitiveness. Founded in late 2
Coimbatore (Tamil Nadu) [India], July 18: SJK Innovations involved in the field of provisioning of automated Discrete Material Handling Solutions across varied industrial verticals like airports, logistics, e-commerce, distribution hubs etc. SJK proudly shares 100th despatch of its patented
The Reserve Bank of India's (RBI) final guidelines for project finance loans, aimed at managing risks while supporting the viability of projects, are credit positive according to Moody's Ratings.
Kochi (Kerala) [India], June 23: Kings Infra Ventures Ltd. welcomes the Reserve Bank of India's decisive policy to reduce provisioning norms for infrastructure lending -- a silent yet powerful enabler that unlocks over Rs.10 lakh crore in credit for India's future-ready sectors.
The Reserve Bank of India (RBI) on Wednesday issued the final Reserve Bank of India (Project Finance) Directions, 2025 which lays down the comprehensive framework for income recognition, asset classification, and provisioning norms for project loans under implementation.
The Cellular Operators Association of India (COAI), representing India's leading telecom service providers - Bharti Airtel, Reliance Jio and Vodafone Idea - has strongly opposed in what it termed as "illegal and anti-consumer model" adopted by Mumbai Metro Rail Corporation (MMRC) for provisi
As per an order G. Nageswara Rao, ADGP/Provisioning, Punjab, has been posted as the new Chief Director of the Vigilance Bureau, Punjab, replacing Varinder Kumar. Varinder Kumar has been relieved from the charge of Chief Director and will report to the Director General of Police, Punjab.
In a social media post on X, Chinar Corps, Indian Army wrote, "Chinar Warriors responded to a distress call from civil administration to evacuate tourists stranded due to unprecedented heavy snowfall in tourist destination of Gulmarg and the subsequent closure of the road to Tanmarg. Prov
Sitharaman said, "The soundness and resilience of India's banking sector have been underpinned by a sustained policy focus on asset quality improvements, enhanced provisioning for bad loans, sustained capital adequacy, and a rise in profitability."
Mumbai (Maharashtra) [India], August 29: PayU, one of India's leading digital financial services providers, announced the launch of its advanced 'Push Provisioning' platform at the Global Fintech Festival (GFF) 2024. This new dynamic solution, offered in partnership with all major card netwo
The project will be implemented in three phases, with the first phase of 2.4 MTPA at an investment of Rs 1100 crore targeted to be commissioned by December 2025. Adequate provisioning of land for future expansion is in place, which will be commissioned in due course at a much lower capita