Banking

Mumbai: The Reserve Bank of India (RBI) on Tuesday issued the Prompt Corrective Action (PCA) framework for Non-Banking Financial Companies (NBFCs)."The PCA...

Mumbai: The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for...

New Delhi: State Bank of India (SBI) has recorded its highest quarterly net profit of Rs7,627 crores in Quarter 2 of the Financial Year 2021-22, which...

New Delhi: The Indian government today announced the structure of its massive new National Bank for Financing Infrastructure and Development (NaBFID), which...

New York: The IMF announced the departure of chief economist Gita Gopinath on Tuesday. She will return to Harvard University in January as planned when her...

Mumbai: The Reserve Bank of India (RBI) on Friday kept the repo rate unchanged for the eighth time straight and continued with an accommodative stance.The...

Muscat: In solidarity with national relief efforts, Bank Muscat, the leading financial services provider in the Sultanate, has announced the contribution of...

Beirut: Lebanon is resuming a long-awaited forensic audit to shed light on the financial disaster that mired the country in a crippling economic...

Muscat: The Board of Directors of Oman Development Bank (ODB) confirmed to continue supporting and financing small, medium and micro enterprises and...

Muscat: Oman’s central bank raised OMR20 million by way of allotting treasury bills on Tuesday.The treasury bills are for a maturity period of 28 days,...