Forex reserves comprise FCAs, gold reserves, SDRs and the RBI's position with the IMF.
Before demonetisation, we were expanding business very rapidly and therefore it was natural that we faced the challenge the most.
The bank, which starts operations two-and-a-half years after receiving an in-principle nod from RBI, will not repeat the past mistake of chasing high growth, Kanwal says.
The bank said it plans to foray into affordable housing loans and consumer durable loans while it will continue with focus on microfinance.
Brickwork Ratings said that almost all banks have shown significant reduction in non-interest income owing to lower treasury income while stress on asset quality further deepened.
The united forum of regional rural bank employees said that about 1.10 lakh employees will take part in this three-day strike.
One of every five bank borrowers is now woman, according to the latest Reserve Bank of India. Well, almost.
Diamond exporters said bank officials are making frequent visits to their facilities for stocktaking.
The Mumbai-based lender has its NPA growing 18% to Rs 48336 crore till February, according to an internal document, compared with Rs 40988 crore at the end of December 2017.
The microfinance company is awaiting the ‘commencement of business’ certificate from the RBI, which is the last of the several approvals needed.
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