New Delhi, May 28 (IANS) The Insolvency and Bankruptcy Code, 2016 has significantly strengthened India’s insolvency and credit ecosystem since its enactment, improving recovery mechanisms, boosting creditor discipline and creating a more structured resolution process for distressed entities, according to an official factsheet released on Thursday.As of March 2026, creditors realised approximately Rs 4.32 lakh crore through approved resolution plans under the IBC. Recoveries exceeded 116.85 of …
Latest Banking Sector News & Updates
Mumbai, May 27 (IANS) The banking sector will play a transformative role in helping India achieve its Viksit Bharat vision by mobilising capital, promoting entrepreneurship and accelerating financial inclusion, State Bank of India Chairman C S Setty said on Wednesday.In his address to shareholders in the bank’s annual report, Setty said the sector would play a transformative role in mobilising capital, supporting infrastructure development, fostering entrepreneurship and driving financial incl…
New Delhi, May 26 (IANS) Bharatiya Janata Party (BJP) leader Amit Malviya on Tuesday slammed Congress MP Jairam Ramesh for putting forward “alarmist and misleading” arguments to criticise the economic policy of the government. Ramesh, who is also the Congress party’s communications chief, stated on X that Finance Minister Nirmala Sitharaman was focusing on the “3Fs”, fuel, fertilisers, and forex, but was overlooking the “all-important fourth F: falling rates of private investment tha…
Mumbai, May 10 (IANS) Investors are expected to remain cautious next week as escalating tensions between the US and Iran, rising crude oil prices, the ongoing March quarter earnings season, foreign fund outflows and rupee weakness are likely to dictate the direction of the Indian stock market.Benchmark indices extended losses for the second consecutive session on Friday, weighed down mainly by banking and financial stocks amid growing geopolitical uncertainty.The Sensex ended 516 points, or 0.66…
Mumbai, May 7 (IANS) India’s economy is growing well and the banking sector remains stable despite global and domestic challenges, M. Nagaraju, Secretary of the Department of Financial Services (DFS), Ministry of Finance, said on Thursday.Speaking at the Indian Banks’ Association’s (IBA) inaugural Summit on Risk Management held here, Nagaraju said risk management in banks must be treated as a strategic responsibility and embedded across all functions of the banking system.”Despite various challe…
New Delhi, April 30 (IANS) As many as 50,552 candidates have been selected and issued offer letters to work for public sector banks during FY 2025-26, representing a 33 per cent jump over the corresponding figure of 37,860 in FY 2024–25, the Finance Ministry said on Thursday.The sharp rise in recruitment builds on the trend observed in preceding years, with 30,827 new entrants joining public sector banks in FY 2023–24. The figures for the last three years reflect a clear and sustained year-o…
New Delhi, April 30 (IANS) The National Asset Reconstruction Company Limited (NARCL) has emerged as a key player in India’s stressed asset resolution ecosystem, aimed at strengthening the banking sector’s balance sheet. NARCL’s recovery efforts recorded a significant acceleration in the financial year 2025-26, with ₹4,364 crore realised, accounting for approximately 70 per cent of cumulative recoveries, according to a Finance Ministry statement issued on Thursday.This momentum und…
New Delhi, April 23 (IANS) Gross FDI (equity) flows to India accelerated to $90.8 billion (2.3 per cent of GDP) in January 2026 on a on a 12-month trailing basis, up by a healthy 13 per cent from $80.3 billion in January 2025 (2.1 per cent of GDP), a Morgan Stanley report showed on Thursday.Gross FDI (ex repatriation) improved to a three-year high of $36.3 billion in January 26, rising 38.4 per cent on-year. The trend in gross FDI has recovered steadily since January 2024, underpinned by strong …
Washington, April 9 (IANS) Bangladesh’s economy is expected to see a gradual recovery after a period of slowdown, supported by improving domestic demand and stabilising conditions, the World Bank said.Growth is projected at 3.9 per cent in fiscal year 2025-26, reflecting the impact of earlier political unrest and external pressures on economic activity, according to the World Bank’s latest assessment.The report said the economy is recovering from disruptions linked to political instability i…
Washington, April 9 (IANS) Pakistan is facing mounting debt pressures, weak growth prospects and persistent structural vulnerabilities, which risks its economic stability, the World Bank said.The report highlighted that economies with high public debt, limited fiscal space and heavy external financing needs remain particularly exposed to global shocks such as rising energy prices and tighter financial conditions.Pakistan, now assessed under a broader regional grouping rather than South Asia, fal…