Banking

In the critical first meeting with the newly appointed RBI Governor, PSBs managers demanded relaxation of the RBI’s revised framework for the resolution of...

The National Company Law Tribunal has transferred the management of the debt-ridden NBFC- the Infrastructure Leasing & Financial Services (IL&FS) to an ad-hoc government...

The Government proposed amalgamation of three nationalized banks to form the third largest bank in the country. As per the scheme announced by the...

With the end of RBI’s time line of 180 days for the resolution of 12 largest stressed accounts, the corporate resolution process initiated in...

The Reserve Bank of India (RBI) has brought a new Resolution time table for stressed assets under which banks have to start Resolution Plan...

The Reserve Bank of India has warned banks to address big NPAs or face procedures under the new Insolvency and Bankruptcy Code on these...

The merger of five state bank associates with the SBI has made the latter as the only state bank. A passionate nationalist may...

The ace digital payment app- Bharat Interface for Money has seen a record 17 million installations so far according to NITI Ayog. This is...

Financial sector disruptor, Vijay Shekhar Sharma’s Paytm has got the approval to launch its payment bank business. The digital payment leader is expected to...

Government and the RBI are working hard to promote cashless transactions in the economy. Several incentives are declared to maximize the cash constraint situation...