As per the agreement, Kisetsu Saison Finance (India) will handle MSME loan proposals as per jointly established credit parameters, with Central Bank of India absorbing 80 per cent of these loans
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The RBI had infused Rs 1.75 trillion through a seven-day VRRR on 22 December and Rs 1 trillion in the prior week that matured on 22 December 2023
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A Mumbai resident took to social media to recount an unsettling ordeal involving harassment by loan recovery agents from HDFC Bank
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This shift in perspective may influence supervisors overseeing undervalued European banks like Société Générale and Barclays
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Asset quality will continue to improve, too, amidst sustained macroeconomic activity. Consequently, profitability will remain stable, buoyed by declining credit costs, even as higher borrowing costs over the past few quarters could compress net interest margin
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Scheduled commercial banks exhibited a declining trend in GNPA ratios, hitting a 3.2 per cent low by September 2023, propelled by reduced slippages and improved asset quality
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RBI affirmed that both the banking system and non-banking financial companies (NBFCs) exhibit resilience, supported by robust earnings growth, improved asset quality and high capital ratios
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CS Rajan has nearly 40 years of experience in senior government positions and earlier, he was appointed as an Independent Director to the Bank's Board of Directors
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