Reportedly, the finance ministry is likely to infuse Rs 14,500 crore in the banks that come under the RBI’s prompt corrective action (PCA) framework in the next few days. This…
Moody’s Investors Service, a global credit rating agency, has the local and foreign currency ratings of Indian overseas Bank and Central bank of India to Ba2 from previous ba3 ratings…
Indian Overseas Bank goes live with Bharat Bill Payment system after RBI approves the NPCI proposal of Bharat Bill Payment system.
Reserve Bank of India is keeping a close watch over the banks with more than 6% of assets in bad loans. An action against these banks might be taken soon.
