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Indian banks more exposed to West Asia crisis among APAC region: Moody'sIndian banks face significant exposure due to energy import reliance. Higher fuel costs will strain consumers and businesses, increasing cr...- IDFC First Bank receives Rs 514.82 crore insurance payout on microfinance defaults, expects full provision write-backIDFC First Bank has successfully secured a substantial allocation of over Rs 500 crore from the Credit Guarantee Fund for Micro Units. This...
- UCO Bank sees no MSME stress from US tariffs, Iran warThe public sector bank's chief executive, Ashwani Kumar, told ET that its loan portfolio performance behaviour is healthy on a year-on-year...
- Impact on credit culture: One good deed could sow seeds for many bad loansThe Maharashtra government fulfilled its poll promise waiving loans up to Rs 2 lakh and also offering a Rs 50,000 incentive for farmers reg...
- Gold loans guidelines: FinMin urges RBI to take time on new rules implementation; Muthoot Fin, Manappuram shares riseThe Finance Ministry suggests changes to the Reserve Bank of India's gold loan rules. These revisions include delaying the implementation. ...
- Will Shaktikanta Das deal with grim truths starting December 11?RBI Governor Shaktikanta Das faces uncertainty about his future as his six-year term ends amid economic challenges. A slowing economy, pers...
- FinMin asks PSBs to meet loan targets for agri-allied sectorsThe finance ministry has asked public sector banks (PSBs) to meet loan targets for the agri-allied sector during the current financial year...
- Centre offers to borrow Rs 1.1 lakh crore and lend to states“Under the Special Window, the estimated shortfall of Rs 1.1 lakh cr (assuming all States join) will be borrowed by Government of India in ...
- Don’t take Hefa loans for new educational institutes: FinMin to MinistriesThe Hefa guidelines have been reviewed following a detailed review by the finance ministry.
- Finmin asks all departments to conduct review of govt guarantees; submit details by Apr 30The Finance Ministry has extended date for submission of these details to April 30 from April 10.
- Worried by IDBI Bank's poor health, RBI writes to FinminRBI's action is triggered when certain norms are breached & results in the imposition of curbs on banks, which have to try and reduce their...
- Delhi-Mumbai corridor: FinMin opposes $4.5bn ‘Tied Aid’ from JapanWhat has complicated the matter for the govt is the joint statement with Japan that was issued during PM Manmohan Singh’s visit to Tokyo in...
- Finmin aims to halve net bad loans of PSBsThe finance ministry is working out a plan to reduce their net non-performing assets to 1% of net advances by the end of the current financ...
- Spectrum can't used be as collateral: Telecom departmentDoT has rejected the finance ministry's request to allow spectrum or airwaves held by mobile phone companies be used as collateral by lende...
- Despite finmin advisory, EPFO to keep LIC HF at arm's lengthThe labour ministry has said it will not reconsider its decision to suspend investment of employees provident fund money in the scam-tainte...
- IT dept to look into loan bribery case: FinminThe government today said the income tax department would look into the tax issues relating to the housing loan scam racket.
- RBI vs govt: What lies behind all the rate chaosThere will be more chatter and more casualties in future as central banks come under the government glare.
- Record new users, but telecom revenues back to '08 levelsGovernment revenues from the telecom sector have dipped over the last six months despite the addition of 80 million customers in the period.
- Govt makes it mandatory for babus to fly Air IndiaIf babus are headed for a place not connected by AI, they will now have to fly to the point closest to the destination that’s served by the...
- FM to chalk out roadmap for PSBsFinance minister Pranab Mukherjee will chalk out an immediate roadmap for public sector banks (PSBs) on what he expects from them in terms ...
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