Out of PCA, IDBI Bank can now expand business

The bank will now be in a position to resume normal lending activity, including corporate lending, with tightened risk management framework. Private lender IDBI Bank is out of prompt corrective......

Govt mulls easing NPA norms

Move to increase 90-day window to 120 days to give more time to borrowers to service loans. Illustration: Dominic Xavier/Rediff.com The Centre is in talks with the Reserve Bank of India (RBI) and......

Soon, RTGS facility may be available 24X7

The domestic market, though, will likely continue to function as per normal market hours, but an international financial centre operates round the clock in such markets where investors could be......

RBI plans to put weak private lenders under the hammer

The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action. In a first, the Reserve Bank of India (RBI) is planning to auction private sector banks......