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Only 10 Indian banks, NBFCs faced minor disruptions: RBI on Microsoft outage
The Indian financial sector in the Reserve Bank’s domain remains insulated from the global outage.
The Indian financial sector in the Reserve Bank’s domain remains insulated from the global outage.
Insolvency and Bankruptcy Code (IBC) will be completing eight years in two to three months. IBC has directly returned Rs 3.4 lakh crore to the creditors in the period.
The bank had the highest growth in total business among PSBs last fiscal, thanks to rapid expansion outside its parent state.
With 43% of retail credit demand coming from 18-30 year age group, lenders need to set new benchmarks to cater to the needs of this cohort.
Indian banks have been boosted by rising profitability and declining non-performing assets.
Applies to all new retail and MSME term loans sanctioned from October 1 onwards.
Nirmala Sitharaman in an interview with OPEN Magazine's Rajeev Deshpande and PR Ramesh talks about welfare and growth
Gross NPA ratio of all scheduled commercial banks declined to an 11-year low of 3.2% at the end of September 2023.
The number of frauds in banks jumped to 14,483 during the April-September period of the current fiscal.
Banks and NBFCs make investments in units of AIFs as part of their regular investment operations.