India Business News: N Vaghul, a banking industry pioneer, passed away at 88 in Apollo hospital. He redefined ICICI, India's second-largest bank, and earned the Padma Bhus
Reserve Bank of India (RBI) has asked lenders to be transparent in their dealings with borrowers and show fairness while charging interest on loans, even as they enjoy complete freedom in the pricing
Indian banks' loans rose 20.2% in the two weeks to March 22 from a year earlier, while deposits rose 13.5%, the Reserve Bank of India's weekly statistical supplement showed on Friday. Outstanding loans rose 1.21 trillion rupees ($14.54 billion) to 164.35 trillion rupees in the two weeks to March 22. Non-food credit rose 1.30 trillion rupees to 164.12 trillion rupees, while food credit fell 86.23 billion rupees to 230.81 billion rupees.