Banking
Loan restructuring: RBI broadly accepts Kamath panel recommendations; specifies parameters
NE BUSINESS BUREAU MUMBAI, SEPT 7 The Reserve Bank of India (RBI) on Monday specified five financial ratios and sector-specific...
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ED arrests Chanda Kochhar’s husband in money laundering case
NE BUSINESS BUREAU MUMBAI, SEPT 7 The Enforcement Directorate (ED) has arrested Deepak Kochhar, husband of former ICICI Bank CEO...
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Plan to recruit 14k staff this year; VRS not cost-cutting exercise, says SBI
NE BUSINESS BUREAU NEW DELHI, SEPT 7 The State Bank of India (SBI) on Monday said it proposes to recruit...
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RBI expands priority sector lending categories; includes start-ups
NE NEWS SERVICE MUMBAI, SEPT 4 The Reserve Bank of India (RBI) has expanded the scope of priority sector lending...
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American Express establishes Data Analytics, Risk & Technology Lab at IIT-M
NE SCIENCE & TECHNOLOGY BUREAU CHENNAI, SEP 4 The American Express Data Analytics, Risk and Technology (DART) Laboratory was inaugurated...
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SC grants relief to borrowers, protect accounts from being declared NPA till further orders
NE LEGAL BUREAU NEW DELHI, SEPT 3 In a relief to stressed borrowers who are facing hardship due to impact...
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Finance Minister asks banks, NBFCs to roll out loan restructuring scheme by Sept 15
NE BUSINESS BUREAU NEW DELHI, SEPT 3 Finance Minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out...
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RBI approves appointment of Murali Ramakrishnan as MD, CEO of South Indian Bank
NE BUSINESS BUREAU NEW DELHI, SEP 3 Kerala-based private sector lender South Indian Bank on Thursday said the Reserve Bank...
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Banks free to restructure loans, but can’t penalise borrowers availing moratorium benefit, SC told
NE LEGAL BUREAU NEW DELHI, SEPT 2 Banks are free to restructure loans but they cannot penalise honest borrowers by...
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Bank fraud case: ED attaches properties of TN businessman worth over Rs 20 cr under PMLA
NE NEWS SERVICE NEW DELHI, SEP 1 The Enforcement Directorate (ED) has attached six immovable properties worth Rs 20.65 crores...
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