Report, Energy News, ET EnergyWorld

New Delhi: Commercial bank financing of coal projects fell 126% from 2018 to 2019, according to a recent report. He said commercial banks provided 950 crore rupees in coal loans. While coal funding declined a further 82% in 2019. “This is the second consecutive year-over-year decline in coal funding, following a 90% drop in 2018,” added the report. According to …

RBI’s handling of the Lakshmi Vilas bank crisis: wiser after previous crises

Banking sector news has rarely been good in recent years: Ballooning non-performing assets, strained balance sheets, stories of unscrupulous lending and poor corporate governance have all clouded the Indian banking sector. Despite credit guarantee schemes, credit growth has also been subdued: according to data released by the Reserve Bank of India (RBI), the growth rate of personal loans was only …

World’s safest banks 2020: commercial banks

Global finance names this year’s 50 safest commercial banks. Commercial banks have focused for years on transforming their business models to take advantage of digital, but the Covid-19 pandemic has accelerated this process. Executives recognize the need for greater operational efficiency as customer expectations rise beyond mobile apps and online payment capabilities. As their customers isolate themselves and, in many …