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NBFC crisis may slow down GDP growth, says Moody's

MUMBAI, Dec. 14 -- Rating agency Moody's on Thursday said liquidity constraints faced by some non-banking financial companies (NBFCs) in India will likely tighten credit supply and slow gross domestic... Read More


Das meet revives hopes ofareviewofPCA norms

MUMBAI, Dec. 14 -- Hopes of a relaxation in the prompt corrective action (PCA) norms for banks revived after the newly appointed Reserve Bank of India (RBI) governor, Shaktikanta Das, heard out a plea... Read More


UltraTech Binani deal: IDBI Bank awaits RBI nod to recover dues

Mumbai, Dec. 14 -- For capital-starved IDBI Bank Ltd, UltraTech Cement Ltd's winning bid for insolvent Binani Cement Ltd was good news: the cement maker owed it ₹1,600 crore, and UltraTech had p... Read More


NBFC crisis may slow down GDP growth, says Moody's

MUMBAI, Dec. 14 -- Rating agency Moody's on Thursday said liquidity constraints faced by some non-banking financial companies (NBFCs) in India will likely tighten credit supply and slow gross domestic... Read More


Das meet revives hopes ofareviewofPCA norms

MUMBAI, Dec. 14 -- Hopes of a relaxation in the prompt corrective action (PCA) norms for banks revived after the newly appointed Reserve Bank of India (RBI) governor, Shaktikanta Das, heard out a plea... Read More


Dena Bank to sell properties worth '462 cr ahead of merger with BoB and Vijaya Bank

New Delhi, Dec. 14 -- Public sector lender Dena Bank has initiated the process of selling some of its real estate assets, including properties housing its branches, worth '462 crore. The move comes mo... Read More


Shaktikanta Das revives hopes of RBI PCA framework review

Mumbai, Dec. 13 -- Hopes of a relaxation in the prompt corrective action (PCA) norms for banks revived after the newly appointed Reserve Bank of India (RBI) governor, Shaktikanta Das, heard out a plea... Read More


Bureaucracy, lack of infra main concerns for investors in India: WEF chief

Mumbai, Dec. 12 -- Bureaucratic red tape and the lack of world-class infrastructure are the two main impediments that foreign investors face in India, Klaus Schwab, founder and executive chairman of t... Read More


Kotak Bank takes RBI to court over promoter shareholding issue

Mumbai, Dec. 10 -- Kotak Mahindra Bank Ltd has moved the Bombay high court against the Reserve Bank of India (RBI) after its promoter Uday Kotak was barred from reducing his stake in the bank through ... Read More


Kotak Mahindra Bank takes RBI to court over promoter shareholding issue, share prices slump

Mumbai, Dec. 10 -- Uday Kotak-led Kotak Mahindra Bank on Monday said it has filed a writ petition against the Reserve Bank of India's (RBI) for forbidding the bank to reduce promoter holding to the ma... Read More