bank

Axis Bank inks multi-year deal with AWS for powering digital banking services

Axis Bank inks multi-year deal with AWS for powering digital banking services

Amazon Web Services (AWS) on Tuesday said it has inked a multi-year deal with Axis Bank to power the digital transformation programme of ...Read More

Cabinet secretary-led panel holds crucial meeting on bank privatisation

Cabinet secretary-led panel holds crucial meeting on bank privatisation

Inching a step closer to privatisation of two public sector banks, a high-level panel headed by the cabinet secretary recently held a mee...Read More

Mcap of 6 of top 10 firms soars over Rs 1.11 lakh crore; Tata Consultancy Services, Infosys lead gainers

Mcap of 6 of top 10 firms soars over Rs 1.11 lakh crore; Tata Consultancy Services, Infosys lead gainers

Six of the 10 most valued companies added Rs 1,11,220.5 crore to their total market valuation last week, with Tata Consultancy Services a...Read More

RBI extends restrictions on Punjab and Maharashtra Cooperative Bank

RBI extends restrictions on Punjab and Maharashtra Cooperative Bank

The Reserve Bank of India (RBI) has extended restrictions on Punjab and Maharashtra Cooperative (PMC) Bank Limited, Mumbai until December...Read More

India's bank credit-to-GDP ratio inches up to 56% in 2020, but still way behind peers: Data

India's bank credit-to-GDP ratio inches up to 56% in 2020, but still way behind peers: Data

Notwithstanding incremental credit growth plunging to a 59-year low at 5.56 per cent in FY21, the bank credit-to-GDP ratio rose to a five...Read More

CBI registers case against industrialist Gautam Thapar, others for defrauding SBI, other banks of Rs 2,345 crore

CBI registers case against industrialist Gautam Thapar, others for defrauding SBI, other banks of Rs 2,345 crore

The Central Bureau of Investigation (CBI) registered case against CG Power and Industrial Solution Limited and against former CMD Gautam ...Read More

CBI books SBI official for causing Rs 7.07 cr loss to bank

CBI books SBI official for causing Rs 7.07 cr loss to bank

The Central Bureau of Investigation (CBI) said on Wednesday that it has booked an official of the State Bank of India in Andhra Pradesh f...Read More

HDFC Bank to buy stake worth over Rs 1,906 crore in HDFC ERGO

HDFC Bank to buy stake worth over Rs 1,906 crore in HDFC ERGO

HDFC Bank on Saturday said its board has given its approval to buy more than 3.55 crore shares in group firm HDFC ERGO General Insurance ...Read More

J&K Bank board approves raising up to Rs 150 crore via employee stock purchase scheme

J&K Bank board approves raising up to Rs 150 crore via employee stock purchase scheme

Jammu & Kashmir Bank on Friday said its board has approved the proposal to raise up to Rs 150 crore by allotting shares to employees...Read More

ICICI STACK for corporates: what this service offers

ICICI STACK for corporates: what this service offers

Private lender ICICI Bank announced the launch of ‘ICICI STACK for Corporates’, a comprehensive set of digital banking solutions for corp...Read More

RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank

RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank

The RBI on Monday said it has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capita...Read More

Investor wealth jumps over Rs 3.93 lakh crore in four days

Investor wealth jumps over Rs 3.93 lakh crore in four days

Investors have gained Rs 3,93,349.08 crore in four days following a strong rally in the equity markets amid a declining trend in COVID-19...Read More

Nutrifresh: A tale of finance professionals turning agripreneurs

Nutrifresh: A tale of finance professionals turning agripreneurs

Nutrifresh’s founders Sanket Mehta and Ganesh Nikam started off their entrepreneurial journey in agriculture with water-guzzling crop sug...Read More

RBI fines Beed-based Priyadarshini Mahila Nagari Sahakari Bank

RBI fines Beed-based Priyadarshini Mahila Nagari Sahakari Bank

The banking regulator Reserve Bank of India (RBl) has imposed a monetary penalty of Rs 1 lakh on Priyadarshini Mahila Nagari Sahakari Ba...Read More

Results: RBL’s PAT flat at Rs 508 crore for FY 2021; down by 34% in Q4 FY 2021

Results: RBL’s PAT flat at Rs 508 crore for FY 2021; down by 34% in Q4 FY 2021

Mumbai-headquartered private sector bank RBL reported a 34 per cent decline in profit after tax (PAT) in Q4 FY21. It reported a PAT of Rs...Read More

Public and private banks to remain closed for more than 10 days in May: Find out dates and reasons

Public and private banks to remain closed for more than 10 days in May: Find out dates and reasons

This time banks are not going on strike in any of these days. It is just that banks will remain closed due to various public holidays alo...Read More

AIIB launches Sustainable Development Bond Framework

AIIB launches Sustainable Development Bond Framework

The Beijing-headquartered Asian Infrastructure Investment Bank (AIIB) launched a new framework to help the investor community better. Th...Read More

Put in place policy to refund 'interest on interest' charged during moratorium: RBI to banks

Put in place policy to refund 'interest on interest' charged during moratorium: RBI to banks

As part of the COVID-19 regulatory package, the RBI had allowed lending institutions to grant a moratorium on payment of instalments of t...Read More

Federal Bank gross advances up by 9% at Rs 1.35 lakh crore by March 2021

Federal Bank gross advances up by 9% at Rs 1.35 lakh crore by March 2021

Private sector lender Federal Bank on Monday reported a 9 per cent increase in its gross advances to nearly Rs 1.35 lakh crore (Rs 1,34,8...Read More

After FM Nirmala Sitharaman says cannot run (banks) efficiently, #FMResign trends on Twitter

After FM Nirmala Sitharaman says cannot run (banks) efficiently, #FMResign trends on Twitter

For a while now, the government; and the public sector banks’ employees along with the Unions have been at loggerheads over privatisation...Read More

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