banks News

RBI Introduces Innovative Strategy for Banks to Offload Stressed Assets Directly to Investors

The Reserve Bank of India proposes a new mechanism for banks and NBFCs to sell bad loans directly to investors, introducing resolution managers for asset recovery and setting new c...

RBI Announces Rate Cut: What It Means for Banks and Your Savings

The RBI has started its rate-cutting cycle, but deposit rates remain high. Experts discuss the delayed impact on banks' cost of funds and the potential for future rate adjustments.

Supreme Court Ruling: Banks Now Permitted to Impose Over 30% Interest on Credit Card Debts

The Supreme Court has ruled that banks can charge over 30% interest on credit card dues, overturning a 16-year-old NCDRC verdict. This decision emphasizes the importance of clear c...

South Korea Unveils Bold Measures to Strengthen Dollar Liquidity and Boost Export Financing

South Korea is expanding banks' forward exchange position limits by 50% and easing foreign currency loan regulations to improve foreign exchange liquidity and support exporting com...