Former SBI MD Ashwani Bhatia takes charge as Sebi whole-time member Bhatia joined the group of the country’s largest public lender SBI in 1985 as a probationary officer. 3 years agoJune 2, 2022
Ex-SBI executive Natarajan Sundar appointed NARCL chief Sundar retired on April 30 as deputy managing director and chief credit officer at the bank, after having worked there… 3 years agoJune 1, 2022
Bank credit to industry in April grows fastest in 8 yrs ICICI Bank, too, has enhanced its focus on the small business segment. In April, the private lender launched a digital… 3 years agoJune 1, 2022
Advance action on bank privatisation underway: DFS secretary As per the process, the core group of secretaries, headed by the Cabinet secretary, will send its recommendation to Alternative… 3 years agoMay 30, 2022
Public-sector bank top brass to get extra cover for bonafide decisions Having remained subdued over most part of the last two years, credit growth has improved in recent months, and the… 4 years agoMay 29, 2022
Muthoot Finance Q4 PAT falls to Rs 1,006 crore The Kochi-based NBFC’s consolidated revenue from operations fell almost 4% on year to 2,917 crore in the quarter under review.… 4 years agoMay 27, 2022
BoI Q4 net jumps 142% on better asset quality The bank made provisions of Rs 1,541 crore, which were lower by 4% on year. The state-owned lender’s pre-provisioning profits… 4 years agoMay 25, 2022
Primary co-op banks can lend up to Rs 10 lakh for repair of dwelling units: RBI The ceiling on loans by such banks to individuals for carrying out repairs/additions/alterations to their dwelling units was revised upwards… 4 years agoMay 24, 2022
Bank of India net profit jumps over two-fold to Rs 606 crore in March quarter The total standalone income during the January-March quarter of 2021-22 rose to Rs 11,443.46 crore against Rs 11,155. 53 crore… 4 years agoMay 24, 2022
RBI-constituted panel to review customer service standards in banks, NBFCs The six-member committee headed by former RBI deputy governor B P Kanungo has been asked to submit a report within… 4 years agoMay 23, 2022
HDFC Bank makes rural banking a separate vertical The rural banking vertical will expand the bank’s distribution in the rural areas, will enter strategic partnerships with outside entities,… 4 years agoMay 20, 2022
Bank credit grows 10.82 pc; deposits rise 9.71 pc: RBI data In the fortnight ended May 7, 2021, bank advances stood at Rs 108.70 lakh crore and deposits at Rs 152.16… 4 years agoMay 19, 2022
Bandhan Bank may not require microfinance loan recast For the fourth quarter last fiscal, the bank’s collection efficiency, other than non-performing assets (NPAs) accounts, returned to the pre-Covid… 4 years agoMay 19, 2022
RBI rejects applications of 6 entities for on-tap bank licence: Sachin Bansal’s Navi among applicants rejected The applications of The Repatriates Cooperative Finance and Development Bank (REPCO Bank) and Pankaj Vaish for universal banks, and applications… 4 years agoMay 18, 2022
Sachin Bansal to mull options as RBI rejects bank application Chaitanya India is a microfinance subsidiary of Navi Technologies. Chaitanya India is a non-banking finance company (NBFC) which issues loans… 4 years agoMay 18, 2022
Allow large NBFCs to offer full banking services: CII chief While India has only about 500-600 banks, including the regional rural ones, the US has a network of some 26,000… 4 years agoMay 16, 2022
Government to soon clear Banks Board Bureau recast The Appointments Committee of the Cabinet (ACC) would take a final call on whether to retain the board members or… 4 years agoMay 16, 2022
Frauds in public sector banks dip 51% to Rs 40,295 crore; Cases not falling fast enough, says RBI The country’s largest lender State Bank of India reported frauds worth Rs 6,932.37 crore in as many as 4,192 cases. 4 years agoMay 15, 2022
