Banking

US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade,...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity of gas supply shall be provisionally restricted to 50 per cent of the contracted quantity...

IOB reports record net profit in Q1

IOB delivered its best-ever quarterly net profit, sustained strong growth in the retail and agriculture segments, significantly improved asset quality, and maintained a robust...

IOB cuts MCLR by 10 basis points

The decision follows a recent review by the bank’s Asset Liability Management Committee (ALCO), which convened on July 14, said a statement. The revised MCLR...

We are stronger now, says HDFC Bank MD

Deposits grew 2.5 times faster than loans during the year—a deliberate move aimed at lowering the credit-to-deposit (CD) ratio and reducing reliance on high-cost...

IOB launches ‘Easy Plot’ loan scheme

The newly launched scheme offers structured financing for the purchase of residential plots approved by central or state development authorities, statutory bodies, or reputed...

Credit guarantee to benefit more

Credit guarantee scheme beneficiaries to triple by 2029: Union Minister The Micro, Small and Medium Enterprises (MSME) sector continues to play a pivotal role in...

IndusInd all-women branch in Chennai

The branch, staffed by five women bankers, is designed to offer a more inclusive and welcoming environment for women customers, said a statement.Spread over...

IBC debt resolution fetches 3.89 lakh cr

 Eight summers have gone by since the IBC (Insolvency and Bankruptcy Code) came into being in 2016. What has it achieved? Has debt resolution...

Credit metrics to remain stable: Fitch

Fitch's latest analysis highlights that the financial year ending March 2025 (FY25) saw Indian banks reinforce their standalone credit profiles, supported by solid financial...

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US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity...

GAIL mulls supply cuts on customers, amid Force Majeure notices

GAIL said its long-term suppliers, Petronet LNG Ltd, has...

US Trade court orders tariff refunds: report

"All importers of record whose entries were subject to...