Implementation of 100-year valuation norm pushed to April 2023. The Securities and Exchange Board of India (Sebi) on Monday relaxed the norms for valuing perpetual bonds. The norms, which had......
Move to increase 90-day window to 120 days to give more time to borrowers to service loans. Illustration: Dominic Xavier/Rediff.com The Centre is in talks with the Reserve Bank of India (RBI) and......
While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue.......
Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old......
How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass? T E......