LIC Chairman Siddhartha Mohanty highlighted the existing restrictions on insurance company investments, calling for broader access to enhance financial flexibility
Read MoreAddressing the audience, the deputy governor stressed the undeniable significance of climate change and its associated risks, stating that overlooking these factors is not an option
Read MoreAdditionally, the bank recently secured Rs 1,153 crore by issuing bonds at an 8.55 per cent annual coupon rate via private placement
Read MoreThe RBI's report highlighted a decline in scheduled commercial banks' gross non-performing assets (GNPA) ratio to a multi-year low of 3.2 per cent and the net non-performing assets (NNPA) ratio to 0.8 per cent as of September 2023
Read MoreWhile ICICI Bank retains its position in the same bucket as the previous year, SBI and HDFC Bank experience notable shifts in their categorisation
Read MoreAccording to the report, a baseline projection suggests a decline in the aggregate Capital to Risk-weighted Assets Ratio (CRAR) of 46 major banks from 16.6 per cent in September 2023 to 14.8 per cent by September 2024
Read MoreAccording to the report released by the Reserve Bank of India (RBI), the Indian banking system and NBFCs remain resilient and sound backed by a high capital adequacy ratio
Read MoreThis feature assists in evaluating one's qualification for various credit products such as loans and credit cards
Read More