Lending
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Money
RBI Tell Banks, NBFC to Scrutinize Potential “Wilful Default” Cases in NPA
The Reserve Bank of India (RBI) has issued new guidelines urging banks and Non-Banking Financial Companies (NBFCs) to scrutinize potential ‘wilful default’ cases in non-performing asset accounts with outstanding amounts of Rs 25 lakh and above. These directives, outlined in RBI’s latest Master Direction on the Treatment of Wilful Defaulters and Large Defaulters, will be applicable to all regulated entities…
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India News
SBI Plans ₹25,000 Crore Fundraise, Reports Modest Profit Growth for Q1FY25
On August 3, State Bank of India (SBI) released its financial results for the April-June quarter of fiscal year 2024-25 (Q1FY25). The state-owned banking giant disclosed plans to raise up to ₹25,000 crore through Tier-1 and Tier-2 bonds this fiscal year, pending government approval. In its regulatory filing, SBI outlined its intent to issue Basel III compliant Additional Tier 1…
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