RBI clamps down on Edelweiss group; imposes restrictions on ECL Finance, ARC
In the latest instance of strict actions against non-banking lenders, the Reserve Bank of India (RBI) on May 29 announced supervisory actions against ECL Finance...
Why Corporates Must Be Kept Away from Banking Business
Narayanan Vaghul, the former ICICI Bank chairman who passed away recently, was a key figure in Indian banking and a strong opponent of corporate entry...
Is India’s banking sector set for a high-growth phase?
Most banks have reported better-than-expected earnings in the last quarter (Jan-March) showing improvement in asset quality and healthy credit growth. Banks’ books look much cleaner...