Banking

India’s premium public sector bank, Bank of Baroda (BoB) today commemorates the World Food Day by announcing the grand inauguration of Baroda Kisan Diwas.

Dr. Bhagwat Kishanrao Karad, Hon’ble Minister of State for Finance, Government of India, while inaugurating the BRICS Financial Forum organized by Export-Import Bank of India (India Exim Bank) advised the participating development banks from BRICS nations to come together and work towards finding solutions to the challenges which engulfs the financial sector.

Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.

Declining Covid infection rates after May 2021 and thereby easing of movement restrictions/lockdowns in western and northern regions of the country paved the way for elevated collection activities of the lenders which augmented the average collection efficiency in ICRA-rated securitised retail pools originated by NBFCs and HFCs for June 2021.

The second wave of Covid-19 infection had a varied impact on the business and operations of non-bank finance companies (private NBFCs, including housing finance companies[HFCs]). While large HFCs saw a relatively limited impact on their collection efficiency

Shri. Duvvuri Subbarao, Former Governor, RBI on July 17th released Dr C K Garyali’s book, ‘Bank with a Soul: Equitas’. The Chief Guest was accompanied by Mr. Rangachary N, Chairman, Equitas Holdings Ltd; Mr PN Vasudevan, MD and CEO, Equitas Small Finance Bank; Mr Shridhar, Rotary Governor; Mr. Murali Vaidyanathan, Senior President and Country Head, Equitas Small Finance Bank; John Alex, ED & CEO, Equitas Holdings Ltd; Dr. C K Gariyali IAS, and many others.

ICRA Ratings estimates securitisation volumes by non-banking financial companies (NBFCs) and housing finance companies (HFCs) to have surged ~2,3x on Y-o-Y basis in Q1 FY2022 at Rs 17,500 crore of its loan assets compared to Rs. 7,500 crore in Q1 FY2021.

A second wave of COVID-19 remains a threat to the country's economy and the central bank believes monetary policy needs to remain accommodative despite inflationary pressures, according to the minutes of the Monetary Policy Committee's latest meeting, released on Friday. The Reserve Bank of India left interest rates unchanged at that meeting two weeks ago, as expected. Almost all members of...

The Reserve Bank of India's Governor Shaktikanta Das announced the Monetary Policy Committee (MPC)'s decisions at 10.00 am today. The central bank has kept repo rates unchanged at 4 percent and reverse repo rate at 3.35 percent. Das said the stance has also been maintained as "accommodative" for "as long as required" for growth. The RBI Governor also announced...

Government should stick with its flexible inflation targeting framework, which has worked well, to reap the benefits over the long term, former Reserve Bank of India (RBI) deputy governor Viral Acharya said. The central bank and the government agreed in 2015 on a policy framework that stipulated a primary objective of ensuring price stability while keeping in mind the objective...