New Zealand in familiar situation ahead of second Test at P. Sara Oval

The second Test between Sri Lanka and New Zealand that starts at the P. Sara Stadium in Colombo on Thursday has an eerily similar feel about it from their last match between the two sides there seven years ago. In 2012, Sri Lanka hammered New Zealand by 10 wickets in the first Test in Galle. […]

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Business Economy

Growth in loans by private banks, NBFCs slows: Credit Suisse report

Growth in loans by private banks and non-banking finance companies (NBFCs) has slowed down amid a slump in consumption demand, as economic growth continues to be sluggish. According to a report by Credit Suisse, while slowdown in credit growth for non-banking finance companies was expected, the same is now witnessed by private sector lenders mainly […]

Business Economy

Compliance culture in banks not satisfactory, says RBI’s Jain

The Reserve Bank of India (RBI) has come down heavily on commercial banks after slapping a series of penalties for not complying with several regulatory guidelines. Speaking at the FICCI-IBA banking seminar, RBI Deputy Governor in-charge of banking supervision M.K. Jain said that the compliance culture in the banking system was far from satisfactory. ‘Can […]

Business Economy

Resolve stressed assets on time in your interest: RBI to banks

Reserve Bank Deputy Governor N.S. Vishwanathan on August 20 exhorted bankers to ensure timely resolution of stressed assets under the new framework to extract the best value and underlined the need for dealing only in “genuine” cases. The central bank will be coming out with the final guidelines for private and foreign bankers’ compensation soon, […]