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Recovery in written-off loans drops in FY23
Net recovery among PSBs fell to Rs0.84 lakh cr in 2022-23 fiscal from Rs0.91 lakh cr in FY22
More leeway for banks in dealing with bad debts
Mumbai: In order to ensure maximum recovery from distressed assets, the Reserve Bank of India (RBI) has allowed banks to go for compromise settlement...
Banks to face penalty for losing borrowers’ property papers
Banks may have to compensate borrowers and also pay a penalty if they lose the original property documents of loan seekers. This could soon become a...
Billionaire investor Bill Ackman warns more banks will collapse...
Billionaire hedge fund manager Bill Ackman says more banks will probably fail even if U.S. authorities step in to shore up confidence in the banking...
Indian banks to issue bonds to maintain capital levels: CARE Ratings
With credit off-take increasing, Indian banks are expected to issue bonds to maintain their capital levels and support their advances while cost of...
PC Jeweller receives loan notices from lenders
PC Jeweller on February 7 said it has received loan recall notices from four lenders - IDBI Bank, Indian Bank, Bank of India and Karur Vysya Bank.
Banks to see higher deposits
The revision in income tax rates will increase the purchasing power of the middle class sections of the society and thus, push the economic growth of...
Bank locker holders get time till December
RBI extended deadline to execute revised agreement on lockers