Recent out of PCA, Central Financial institution needs to stay wary

MUMBAI : State-owned Central Financial institution of India, the remaining lender to go out Reserve Financial institution of India’s (RBI) corrective motion, needs to retain the cautiousness it has learnt during the last 5 years, choosing and opting for company lending alternatives, managing director and leader government Matam Venkata Rao stated. “Simply because we’re out … Read more

RBI chides banks over loans to government entities however has no information

MUMBAI : In spite of reprimanding banks for flouting norms whilst lending to authorities entities, the Reserve Financial institution of India (RBI) does now not have information at the extent of such violations, a Proper To Data (RTI) question has published. Remaining month, RBI cautioned banks about violations of its pointers whilst lending to a … Read more