StanC blames onerous capital needs for banks' reluctance to

MUMBAI (Reuters) - The Reserve Bank of India (RBI) marginally eased foreign investment limits on debt purchases for this fiscal year and next, in a move that is likely to boost bond and currency markets.

Rajeev Kochhar's Avista Advisory is said to have helped ICICI Bank clients recast their foreign loans BS Reporter | Mumbai Last Updated at April 6, 2018 11:29 IST Rajiv Kochhar Avista Advisory group, a Singapore based company owned by Rajeev Kochhar, is said ...

Punjab National Bank (PNB) plans to honour all letters of undertaking and foreign letters of credit and that news has been confirmed by the bank.

Kathmandu, March 30 (IANS) Nepal's central bank has paved the way for domestic commercial banks to borrow from foreign banks and financial institutions to address the liquidity crunch in banking system in the last few months, a Nepal Rastra Bank (NRB) ...

Mumbai : The Punjab National Bank (PNB) has charged that foreign branches of other Indian banks may also be involved in what has turned out to be the biggest fraud in the country's banking sector involving diamond trader Nirav Modi. "There is clear criminal ...

State Bank of India (SBI) tops the list with nine loss-making foreign branches, followed by Bank of India (BOI) with eight and Bank of Baroda (BOB) with seven branches. Indian Overseas Bank had five loss-making foreign branches, and Canara Bank reported ...

The practice of illegally issuing Letters of Understanding (LoUs) and Foreign Letter of Credits (FLCs) and then rolling them over to favour Nirav Modi and Mehul Choksi groups started in 2008 and continued till these were discovered in January this year, ...

At the inter-bank foreign exchange (forex) market, the rupee resumed on a steady note at 64.99, tracking global currency volatility coupled with steady capital outflows Press Trust of India | Mumbai Last Updated at April 11, 2018 20:34 IST The rupee on ...

The costly move has caused an industry uproar, leading many existing foreign-owned bank branches to reassess their presence in the UK Press Trust of India | London Last Updated at April 10, 2018 18:41 IST State Bank of India The SBI has announced the launch ...