bank

As bank failures mount, RBI decision on new bank licenses could be controversial: Macquarie

As bank failures mount, RBI decision on new bank licenses could be controversial: Macquarie

As per a report by Macquarie Research, the RBI just released an internal working group (IWG) report to review ownership guidelines and co...Read More

S&P 'sceptical' of allowing corporate ownership in banks amid large company defaults

S&P 'sceptical' of allowing corporate ownership in banks amid large company defaults

It also said that the Reserve Bank of India (RBI) will face challenges in supervising non-financial sector entities at a time when the he...Read More

Customer spending getting back to pre-COVID levels: AU Small Finance Bank

Customer spending getting back to pre-COVID levels: AU Small Finance Bank

AU Small Finance Bank on Monday said customer spending is getting back to pre-COVID levels and its festive season offer has witnessed 23 ...Read More

Bhopal: Imposter dupes people on pretext of securing loan, held

Bhopal: Imposter dupes people on pretext of securing loan, held

Posing as bank official, youth collected money in name of loan processing fee

Business returning to pre-COVID levels: HDFC Bank MD Aditya Puri

Business returning to pre-COVID levels: HDFC Bank MD Aditya Puri

HDFC Bank Managing Director Aditya Puri on Wednesday said the lender's business is returning to pre-COVID-19 levels and full normalcy is ...Read More

HDFC Bank’s Festive Treats will revive demand; will support MSMEs: HDFC’s Parag Rao

HDFC Bank’s Festive Treats will revive demand; will support MSMEs: HDFC’s Parag Rao

All the festive treats offered by various banks including HDFC, will help create demand which will help MSMEs, stated Parag Rao, group h...Read More

RBI appoints director on board of Dhanlaxmi Bank

RBI appoints director on board of Dhanlaxmi Bank

Private sector Dhanlaxmi Bank on Tuesday said the RBI has appointed its General Manager D K Kashyap on the board of the bank for two year...Read More

From Jan 1, inform bank or large cheques will bounce

From Jan 1, inform bank or large cheques will bounce

The RBI circular issued on September 25 says the National Payment Corporation of India (NPCI) shall develop the facility of the positive ...Read More

Bank credit up 5 %, deposits by 12%: RBI data

Bank credit up 5 %, deposits by 12%: RBI data

Bank credit grew 5.26 per cent to Rs 102.24 lakh crore while deposits rose 11.98 per cent to Rs 142.48 lakh crore in the fortnight ended ...Read More

India's banking sector recovery to pre-Covid levels may take years: S&P

India's banking sector recovery to pre-Covid levels may take years: S&P

India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels--likely beyond 2023, accordin...Read More

HDFC Bank denies charges by US law firm; to defend vigorously in lawsuit

HDFC Bank denies charges by US law firm; to defend vigorously in lawsuit

Largest private sector lender HDFC Bank on Monday denied the allegations of misleading claims levelled by a US-based law firm to seek dam...Read More

Negative interest rate: What if your bank deducts money rather than giving you interest on your savings?

Negative interest rate: What if your bank deducts money rather than giving you interest on your savings?

Despite investing in various instruments like mutual funds, SIP, etc, Indians especially the middle class obsess over interest rates on s...Read More

Markets end in a ‘green’ note: IndusInd Bank, Bharti Airtel, Axis Bank, Bajaj Finance, ICICI Bank among others gain

Markets end in a ‘green’ note: IndusInd Bank, Bharti Airtel, Axis Bank, Bajaj Finance, ICICI Bank among others gain

Equity indices found firmer ground on Tuesday as investors poured money into banking and finance counters amid a positive trend in global...Read More

Citi to open banking unit at GIFT City; receives RBI's in-principle nod

Citi to open banking unit at GIFT City; receives RBI's in-principle nod

American banking major Citi has received in-principle approval from the Reserve Bank of India (RBI) to open banking unit at GIFT City Int...Read More

Banks have disbursed close to Rs 1.15 lakh crore to 25 lakh MSME accounts

Banks have disbursed close to Rs 1.15 lakh crore to 25 lakh MSME accounts

Banks have cumulatively disbursed close to Rs 1.15 lakh crore to 24.70 lakh MSME accounts under the Rs 3-lakh crore targeted emergency cr...Read More

Only retail segment may not be prudent for banks in current scenario: SBI’s Arijit Basu

Only retail segment may not be prudent for banks in current scenario: SBI’s Arijit Basu

At a time when the economy is facing challenges, banks should not solely focus on the retail segment as sluggish growth can impact this c...Read More

Sensex falls 600 pts; SBI, Axis Bank, Kotak Bank, ICICI Bank, IndusInd Bank,  HDFC Bank among the losers

Sensex falls 600 pts; SBI, Axis Bank, Kotak Bank, ICICI Bank, IndusInd Bank, HDFC Bank among the losers

Domestic equity benchmark Sensex plunged over 600 points in opening session on Friday tracking a massive selloff in global equities.The 3...Read More

Private banks likely to gain market share as state-owned banks delay raising of fresh capital

Private banks likely to gain market share as state-owned banks delay raising of fresh capital

Fitch Ratings on Thursday said private sector banks, with stronger loss-absorption buffers, are likely to gain market share from their st...Read More

Bad bank unavoidable in present situation: Subbarao

Bad bank unavoidable in present situation: Subbarao

Former RBI Governor D Subbarao made a strong case for setting up a bad bank saying it is "not just necessary but unavoidable" in the pres...Read More

Fitch flags asset quality risks at banks after RBI’s loan recast

Fitch flags asset quality risks at banks after RBI’s loan recast

In a major relief to corporate and retail borrowers, last week RBI permitted banks to go for one-time restructuring of loans that are fac...Read More

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