Centre’s ownership of banks cuts ‘lender of last resort’ risk for RBI – Times of India
Mumbai: RBI has acknowledged that government’s ownership of public sector banks makes its risk management job easier. In its latest economic capital framework report, RBI notes that such ownership has…
Ex-finance minister Arun Jaitley had given go-ahead to clean up bad loans, says Raghuram Rajan – Times of India
MUMBAI: Former finance minister Arun Jaitley had encouraged Raghuram Rajan to take decisive action on cleaning up bad loans of Indian banks, the former RBI governor said in a recent…
IOB Q3 profit jumps 30% to Rs 723 crore on improvement in core income – Times of India
NEW DELHI: State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs 723 crore for December quarter 2023-24, on the back of improvement…