The two independent directors, Nandkumar Saravadeand Jagajit Mangal Prasad, have an experience of over three decades in human capital strategy
Retaining the inflation target would remove some uncertainty about the process and reassure market participants about policy continuity under Governor Sanjay Malhotra
On June 19, the RBI announced the final norms for project finance, prescribing a one per cent general provision for all projects, as compared to 0.4 per cent now
Private sector banks' gross NPA ratio was stable at 2.8 per cent while foreign banks saw a decline to 0.9 per cent from 1.2 per cent
IMPS, FASTag and AePS transactions also clock decline
At its previous two meetings on the subject on May 28 and 29, the parliamentary standing committee on finance had flagged "ambiguities" in the IBC
The rupee ended Q1 marginally weaker at 85.77 after volatile trading amid Iran-Israel tensions, IPO inflows, oil easing and RBI reducing short dollar positions
The ELI scheme aims to generate over 35 million jobs by incentivising first-time workers and employers; EPFO-linked scheme covers jobs from August 2025 to July 2027
Congratulating SBI on completing 70 years of service to the nation, she expressed hope that the Bank will continue to innovate and empower as India
FSIB is headed by Bhanu Pratap Sharma, former secretary of Department of Personnel and Training (DoPT)
Slippages in unsecured retail loans remained elevated for PVBs, with fresh slippages in this segment continuing to dominate overall slippages in retail loans
Stress tests showed banks' gross NPA to rise under baseline scenario
RBI's FSR shows NBFCs' stressed assets rose sharply as write-offs jumped and credit risks increased, especially in small-ticket personal loans below ₹50,000
RBI's Financial Stability Report says corporate bond issuances rose to ₹9.9 trillion in FY25, but secondary market turnover and bond spreads signal subdued activity
In the Financial Stability Report, RBI Governor Sanjay Malhotra says domestic resilience is strong but global tariffs, geopolitics and climate risks could impact growth
FM Sitharaman says India's sovereign rating understates macro strength and urges reform in global rating criteria to unlock more private capital and lower financing costs
Despite rising stress in microfinance portfolios, RBI notes decline in borrower indebtedness as tighter underwriting and regulatory caps limit over-lending
New ITAT tax interpretation could tighten scrutiny of undervalued land deals, challenging the alleged use of agricultural land transactions for turning unaccounted cash into legitimate income
At a review meet, DFS Secretary M Nagaraju calls on private banks to deepen their role in financial inclusion and ready for the saturation campaign starting 1 July
Interest rates for the popular PPF and post office savings deposit schemes are also unchanged at 7.1 per cent and 4 per cent, respectively