Financial organisations ought to guard against reputation risks by a sizeable investment in process thinking and cultural improvements, says a SBI report.
Moody's upped the long-term ratings of SBI and HDFC Bank by a notch to Baa2 following the upgrade of the countrys sovereign rating to the same level.
The Climate Action in Financial Institutions initiative called on financial community to sign up to a set of key principles for mainstreaming climate action.
Sebi has put off implementation of its directive "until further notice" that required listed firms to inform exchanges if they default on loan payments.
World Bank investments in commercial financial institutions is indirectly allowing land-grabs, evictions and pollution in Southeast Asia.
Banks and financial institutions have sanctioned about Rs 78,830 crore funding for clean energy projects.
Wooing the banking and financial sector, Railway Minister Suresh Prabhu has rolled out ambitious investment plan of Rs 8.5 lakh crore in the coming five years.
RBI has asked banks to remain constantly on vigil for those committing frauds .
Under the new law on black money, banks and other financial institutions will also face action if they are found to have abetted stashing of illicit wealth.
@BTVI