Money & Banking

The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Committee of Creditors (CoC) of Jet Airways to file an affidavit stating whether it is ready to cooperate with the Dutch bankruptcy administrator which is also pursuing insolvency proceedings against the...
In a bid to boost car sales amid piling inventories, the State Bank of India (SBI) on Tuesday waived processing fee on car loans during the upcoming festival season and is also offering the lowest interest rate starting 8.70 per cent on car loans, with no escalation in interest.   The...
The Reserve Bank of India (RBI) has finally responded to customers being wrongly fleeced by banks and clarified that transactions that have failed due to technical reasons, or when there is no cash withdrawals at automated teller machine (ATM) cannot be counted as valid and bank cannot charge...

It is now four years since the National Democratic Alliance government announced a package of reforms to make the public sector banks (PSBs) efficient and healthy.   After the Gyan Sangam, a conclave of top executives of the PSBs, the Reserve bank of India (RBI) officials and the...
Risks in India's banking sector may rise as a result of the Reserve Bank of India (RBI)'s recent steps encouraging banks to lend more to non-bank financial institutions (NBFIs) and retail borrowers, says a report.   In the research note, Fitch Ratings says, "These initiatives are...

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