Fitch revises rating outlook on 9 banks The other lenders are Bank of Baroda (BOB), Bank of Baroda (New Zealand) Ltd, Bank of India, Canara Bank, Punjab… 3 years agoJune 15, 2022
RBI flags lack of due diligence in bank funding to govt-owned entities We have come across instances where banks have not been strictly complying with our extant instructions on assessment of commercial… 3 years agoJune 14, 2022
Govt appoints 4 non-official directors on RBI central board Anand Mahindra is chairman of the Mahindra Group, non-executive chairman of Mahindra & Mahindra and Tech Mahindra. Venu Srinivasan is… 3 years agoJune 14, 2022
New entity with wider mandate to replace BBB The move followed a directive late last year by the Delhi High Court, which held that the BBB cannot select… 3 years agoJune 14, 2022
Explainer: All about RBI’s On tap Licensing Policy for Universal Banks and Small Finance Banks Reserve Bank of India (RBI) recently rejected six out of eleven applications by entities aspiring for on-tap banking licenses. 3 years agoJune 16, 2022
‘As a universal bank, RBL must diversify its loan offerings’ The lender will now prioritise diversifying its loan book to branch out beyond its niche of credit cards and microfinance… 3 years agoJune 14, 2022
India Inc’s registers record dividend payout in FY22; PSBs, IT companies lead drive Top 400 companies from the NSE500 have given out Rs 2.6 trillion in FY21, data collated from Capitaline shows. 3 years agoJune 13, 2022
Bad bank AMC hits regulatory hurdle; transfer of bad loans delayed In January, State Bank of India (SBI) chairman Dinesh Khara said the NARCL had received all approvals to start operations… 3 years agoJune 13, 2022
DHFL administrator R Subramaniakumar is RBL Bank chief The bank received the communication approving Subramaniakumar’s appointment from the RBI on Friday. 3 years agoJune 11, 2022
Linking credit cards to UPI to drive higher acceptance While the linking of the unified payments interface (UPI) with RuPay credit cards is seen as an advantage by major… 3 years agoJune 9, 2022
Yes Bank begins process to exit reconstruction scheme The process was started on the recommendation from State Bank of India (SBI), the largest shareholder in Yes Bank. 3 years agoJune 9, 2022
Public sector bank employees threaten to go on strike on June 27 The United Forum of Bank Union (UFBU), an umbrella body of nine bank unions including All India Bank Officers’ Confederation… 3 years agoJune 8, 2022
PNB to focus on retail, MSMEs to drive loan growth The bank is planning to strengthen the PNB ONE app by offering digital lending, marketplace features, lifestyle offerings and wealth… 3 years agoJune 7, 2022
PSBs to conduct massive loan drive today In October 2021, public-sector banks (PSBs) were directed to launch a similar outreach programme for a longer period in the… 3 years agoJune 7, 2022
Bank credit grows by 11.04 pc; deposits by 9.27 pc In the fortnight ended May 21, 2021, bank advances stood at Rs 108.31 lakh crore and deposits at Rs 151.67… 3 years agoJune 7, 2022
Need to make Indian banks, currency important part of international trade, says PM Modi Inaugurating the week-long events by the ministry of finance and corporate affairs as part of ‘Azadi Ka Amrit Mahotsav (AKAM)’,… 3 years agoJune 7, 2022
Banks see pick-up in capex loans The spurt in demand has encouraged even large private banks to take a share of the pie. 3 years agoJune 6, 2022
Retail segment likely to be key driver: Bankers see credit growth momentum sustaining To give credit growth a leg-up, ICICI Bank is ramping up its insta-biz platform for SME business, Jefferies said in… 3 years agoJune 2, 2022
