RBI directives on credit cards bring relief to customers

Customers can heave a sigh of relief as the Reserve Bank of India RBI today issued directives aimed at ensuring greater choice and flexibility in the issuance of credit... Read more »

Canara Bank to consider stock split on Feb 26

Canara Bank to consider stock split on Feb 26 Read more »

BofA-ML sees RBI cut rates by another 25 bps

A foreign brokerage Monday said the Reserve Bank will slash its key policy rates by another 25 basis points, after governor Shaktikanta Das’ weekend speech focusing on ways to... Read more »

RBI imposes Rs 2 crore fine on PNB for violating SWIFT rules

The Reserve Bank of India (RBI) has fined Punjab National Bank (PNB) Rs 2 crore after it found out that it violated the compliance with regulatory directions regarding SWIFT... Read more »

RBI Dispensation for MSMEs Could Improve Credit Flow to Segment, but Credit Culture Could Suffer: India Ratings and Research

India Ratings and Research (Ind-Ra) opines that the Reserve Bank of India’s (RBI) restructuring scheme for MSMEs could provide some respite to banks and non-banking financial institutions (NBFCs) on... Read more »

NIIF to acquire IDFC Infrastructure Finance Limited from IDFC

The National Investment and Infrastructure Fund (NIIF) of India is pleased to announce the acquisition of IDFC Infrastructure Finance Limited (IDFC-IFL), a Non- Banking Finance Company that is registered... Read more »

Exim Bank forecasts India’s merchandise exports for the second quarter of FY2019 to grow at 12.3 percent and India’s Non-Oil Exports to grow at 12.4 percent

Export-Import Bank of India (Exim Bank) forecasts India’s merchandise exports to witness a growth rate of 12.3% and non-oil exports to witness a growth rate of 12.4% during the... Read more »

ICRA: Credit provisions to remain elevated, capital position of Public sector banks to remain weak

With expiry of 180-day period provided in February 12, 2018 circular of Reserve Bank of India (RBI) for resolution of large stressed borrowers, and limited number accounts where banks... Read more »

SBM India to double its network by next year, announces plans under WOS licence

SBM Group, a diversified financial services provider and the third largest listing on the Stock Exchange of Mauritius, on Monday announced its expansion plans for the Indian market. SBM... Read more »

RBI to issue new Rs 100 notes in lavender colour

The Reserve Bank of India on Thursday said it will soon issue new Rs 100 notes in lavender colour having motif of ‘Rani Ki Vav’ – a stepwell located... Read more »