Home loans, which have been the mainstay of banking in the last three years, would be affected by these two successive rate hikes and homeowners will be affected here
Bank NPAs to touch 12.2% by March 2019: Why RBI’s latest Financial Stability Report is a must-read for LIC
RBI’s NPA forecast should act as a warning signal for LIC which is looking at a controlling stake in IDBI bank
Bank frauds and wilful default: Gunning for ‘innocent’ managers is inevitable, but witch-hunting must be avoided
A bank manager's job comes with the risk of his/her integrity being questioned in case of an anomaly
Banks' credit rose 11.52 percent year-on-year to Rs 84,78,459 cr and deposits grew at 7.96 percent to Rs 113,77,729 cr in the fortnight ended 13 April, RBI data showed
Circa 1996, state-controlled Indian Bank faced a Rs 1,336 crore scam which after inflation-adjustment may compare well in size with the PNB fraud.
Nirav Modi vs Vijay Mallya: Tales of two scamsters who used unlawful and legit tactics to swindle public money
Nirav Modi hoodwinked bankers with greater brazenness, by gaming banking system, to commit Punjab National Bank scam
Planning to get a home or auto loan? You may soon end up paying more but there’s no reason for major worry
Banks are preparing to cushion their earnings by gradually increasing their lending rates in backdrop of hardening bond yields over past few months
Ericsson is aiming to recover 4.91 billion rupees from Reliance Communications, 5.35 billion from Reliance Infratel and 1.29 billion rupees from Reliance Telecom
Unless states make timely revision of tariff, the problem of losses and debts of discoms may not be resolved.
Poverty in India has become intrinsically linked with the overdependence of the majority on agriculture
The drying up of credit for industries shows that stagnation in economic activities is real on the ground no matter the 7 percent GDP growth released by government statistical office.
Mallya continues to refute every single charge raised against him by Indian government and is determined to put up a strong fight against any attempts to get him back to India and try under Indian laws
Vijay Mallya is partly correct as the government policy was a factor in the decline of Kingfisher Airlines. But it has to be remembered that other airlines too were operating in the same system.
None of which tees me off except that our bank managers never offer us tea and biscuits. Vijay probably gets a 5 star buffet and the bank picks up the bill.
Vijay Mallya claims to be the wronged party because UBI declared him a "wilful defaulter." But does this matter when he owes banks Rs 7,000 crore and it is not obvious that he has assets to cover them?
Tightening the regulatory noose around wilful defaulters of bank loans, RBI has suggested to watchdog Sebi that such entities should be prevented from raising funds through capital markets.
It is too early to say if banks will pass on the hike in rates to customers, or hike FD rates or choose to absorb it and continue lending on current terms
While it is okay to guarantee a loan of a trusted relative or friend, it is important to understand the implications of the responsibility you are taking on as a guarantor. Here is what you must know.