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PSBs told to speed up recovery at tribunals

As per latest data from the finance ministry, around 215,000 cases are pending before DRTs till January 2024, of which 162,000 are original applications (OAs) filed under Section 19 of Recovery of Debts and Bankruptcy Act (RDB Act), 1993. RBI data showed in FY23, around 58,000 cases with amounts totalling about ₹4.02 lakh crore were referred to DRTs. ....

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Industry's share in bank credit shrinks to 23%: RBI

Bank loans to the services and agriculture sectors were the primary contributors to the 20% increase in credit growth in FY24. Both sectors experience ....

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Private banks grapple with rising IT expenses amid surge in transactions

India Business News: Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the ....

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RBI Grade-B Officers Recruitment: Apply for 300 Posts at rbi.org.in, Salary upto Rs 1.08 Lakh

RBI Grade-B Officers Recruitment: Apply for 300 Posts at rbi.org.in, Salary upto Rs 1.08 Lakh : Rashtra News #RBI #GradeB #Officers #Recruitment #Apply #Posts #rbiorgin #Salary #upto #Lakh The Reserve Bank of India (RBI) has released a notification inviting applications for the recruitment of grade-B officers in various departments of the bank. In a notification, ....

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Fidelity sees rupee as top carry trade pick on RBI's tight grip

The rupee rewards investors with a high yield than regional peers, and together with low volatility, makes it “arguably one of the most attractive currencies on the planet,” Paul Greer, a money manager at Fidelity in London, said in an interview. ....

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