According to the RBI, SBI, ICICI Bank, and HDFC Bank continue to be domestic systemically important institutions.

The State Bank of India, ICICI Bank, and HDFC Bank are still considered to be Domestic Systemically Important Banks, according to a statement from the Reserve Bank of India on Monday (D-SIBs). The central bank had first released a framework for handling D-SIBs in July 2014, which obliged it to re...

SBI HAS NEW MANAGING DIRECTORS

HIGHLIGHTS

• In OCT 2020, the BBB recommended the names for the two posts of MDs at the SBI.
• Now Aswini Kumar Tewari and Swaminathan Janakiraman have been appointed as MDs.
• The term of both appointments is of three years each.

SBI PROFIT QUADRUPLES TO RS 3,581 CRORE IN MARCH QUARTER

Highlights

• In the last year’s March quarter, SBI had reported profit of Rs 838.40 crore

• According to the biggest public sector bank, total 21.8 percent customers of SBI have availed the loan moratorium announced by the RBI

On Friday, results for t...

Bad Loan Provisioning

Indian banks might have looked to the provision of bad debt for Dewan Housing Finance Corp(DHFL), Anil Ambani-led Reliance Home Finance, KKR-funded CD-Enterprises and CG Power for an additional Rs 30,000 crore against loans. The settlement in any of these accounts was not completed so that in the...

CPI, IIP information peered toward

MUMBAI: Indian values exchanged higher on Thursday drove by gains in banking, auto, and metal stocks. The assembly, in its second day today, pursued advances in worldwide values after the US Federal Reserve kept up the norm on key strategy rates and flagged no rate change all through 2020 amid a ...

QCB (Qatar’s Commercial Bank) will issue bonds worth $500 million

Commercial banks are a large part of the financial institution system of the country. A commercial bank's primary source of revenue is the difference between the two rates charged to borrowers and paid to depositors. Commercial banks–ICICI Bank, State Bank of India, Axis Bank, and HDFC ...

Economic growth falls furthermore

The Indian economy has been slowing down, and this is just getting worse every day, and we think that the nation might be going into the recession way before the world will be diving in the recession. The last quarter saw a major blow to the economic growth of the nation, and the growth might get...

View: Grab what you can in India's awful advance scuffle

Grab and get is the new sign of Indian account. As an investor companion in Mumbai put it to me half-tongue in cheek, a unit of "snatched" money security close by is worth multiple units of theoretical receivables.

However, this is no chuckling issue. Not exclusively is entrep...

Offer market update: NBFC stocks down; Coral India Finance tanks 15%

Portions of non-banking money related organizations (NBFC) were exchanging with misfortunes in Friday's evening session.

Coral India Finance and Housing (down 15.65 percent) , Ind Bank Housing (down 11.37 percent) , Baid Leasing and Finance Co (down 9.89 percent) , Indiabulls Housin...

SBI's insurance arm to be sold

SBI that Is the State bank of India is a huge name in the banking sector of India it is one of the first central bank-affiliated banks and it caters to a large number of customers and the number is growing by the day but the bank is also losing popularity.

The insurance sector of the ba...

Altico announces to sell assets as a rescue plan

According to a latest report, Altico Capital will be offering its lenders a resolution plan. With regards to the plan, sale of some of its biggest loan assets such as Casa Grande in Chennai, Marvel in Pune and Skylark in Bengaluru is anticipated.

Furthermore, the reports also allege, al...

Why insurance coverage is low?

Insurance in India is still kind of a mystery that is unsolved. Insurance In India is completely different from what the rest of the world has seen in the insurance sector.

A report by state-run State Bank of India (SBI) on Monday said that the deposit insurance coverage in India is one...