When major banks faced sanctions, they had already taken steps to mitigate the impact, such as developing a national payment infrastructure, foreseeing the potential disconnection from SWIFT
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The Reserve Bank of India(RBI) had appointed director, Yogesh Dayal and his two-year term is finished on RBL Bank's board.
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Earlier this year, the Directorate of Enforcement apprehended two businessmen in Kolkata in connection with illegal forex trading
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The stringent guidelines outlined in a circular on 19 December aim to curb lenders' use of AIFs to transfer funds, assisting nearly delinquent borrowers and concealing stress on loan books
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Outstanding certificates of deposit (CDs) and commercial papers (CPs) rose sharply on a yearly basis in November 2023 due to tight liquidity conditions, and the lack of bank funding for a few NBFCs
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In the current fiscal, out of the budgeted amount of Rs 51,000 crore, about 20 per cent or Rs 10,049 crore has been collected through minority stake sales via Initial Public Offering (IPO) and OFS (Offer For Sale)
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NaBFID MD Rajkiran Rai G has said that there is a need of reintroduction of the scheme like Sustainable Structuring of Stressed Assets (S4A) to help infrastructure finance in the future
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The surge in NRI deposits was chiefly driven by a notable rise in flows into foreign currency non-resident (FCNR-B) accounts
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