Reliance Capital arm invests $1 mn in Billionloans

The finance ministry has made a case for pushing back the Reserve Bank’s deadline for implementing Basel III banking norms in view of higher capital requirement to deal with bad loans, which have reached unacceptable levels. In a recent meeting with RBI, ...

Beijing: The International Monetary Fund on Wednesday raised its forecast for China's 2017 economic growth to 6.7 percent, its third increase this year, citing "policy support, especially expansionary credit and public investment". In April, the IMF hiked its ...

[India], June 5 (ANI-BusinessWireIndia): India has witnessed a substantial growth in aspiring entrepreneurs in the past few years and the government has been successfully able to create a conducive environment for start-ups. The increase in the number of ...

After meeting officials from rating agencies, asset reconstruction companies, stressed asset funds and recovery specialists, the Reserve Bank of India (RBI) on Tuesday called a meeting with top bankers to further shape its plans on resolution of bad loans.

Following the promulgation of the Banking Regulation (Amendment) Ordinance, 2017, the Reserve Bank of India (RBI) on Monday outlined a framework to tackle the high amount of bad loans on banks balancesheets. Steps would include reconstituting the oversight ...

Following SBI, two leading private lenders ICICI Bank and HDFC Ltd today slashed interest rate by up to 0.3 per cent for loans of up to Rs 30 lakh to promote affordable housing. New home loans rates for up to 30 lakh for women will be 8.35 per cent and for ...