Banks have again approached the Reserve Bank of India (RBI) to request an extension in the deadline for classifying non- performing accounts as wilful defaulters, according to sources familiar with the matter
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According to the Indian Banks' Association (IBA), Indian Banks' Digital Infrastructure Company (IBDIC) is working to implement domestic Letter of Credit (LC) issuance on blockchain
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Minister Bhagwat Karad clarified in the Parliament that these write-offs don’t refrain borrowers from repayment. 2,300 high-value loan defaulters owe Rs 2 lakh crore of defaults
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In an interview with BW Businessworld, Raj Khosla, Founder and Managing Director of MyMoneyMantra (MMM), discusses the new RBI guidelines, loans, and more
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Mayank Bathwal, CEO, Aditya Birla Health Insurance, discusses the paradigm shift in health insurance dynamics, offering insights into the company's approach in adapting to evolving customer needs
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The Finance Ministry has recently revised the rules for post office time deposits (POTD). One of the major changes in the rules is that a five-year post office fixed deposit (FD) cannot be prematurely withdrawn before it completes four years from the date of deposit. Earlier rules allowed the breaking of POTD after it had completed six months from the date of deposit
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The government has put a cap on the number of assistant general managers, general managers and chief general managers a state-run bank can on-board, based on their business size. For instance, a bank with an annual business size of 1.6 lakh crore can have a maximum of 12 general managers
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Furthermore, Adani Group stocks witnessed a remarkable addition of about USD 9.8 billion in market value on a recent Monday
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