Parliament passes bill to set up National Bank…

Parliament on Thursday passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India. The Rajya Sabha passed the National Bank for Financing Infrastructure and…

Indian banks’ loans rose 6.6% y/y in two…

Indian banks' loans rose 6.6% in the two weeks to Feb. 26 from a year earlier, while deposits rose 12.1%, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans rose 712.73…

Fraudulent loans cannot be sold to bad bank:…

(This story originally appeared in on Mar 08, 2021)MUMBAI: The RBI has said that loans classified as fraud should not be sold to the proposed national asset reconstruction company (NARC) to be set up by…