Page 34 of banking sector

RBI DG Jain for greater global coordination against cyber threats

Speaking at an international event under India’s G20 presidency on Monday, Jain called for the formulation of a common framework…

June 6, 2023 01:45 IST

RBI MPC, RBI, interest rate, repo rate, inflation, Withdrawal of Accommodation, El Nino, geopolitical uncertainties, economists

Banking sector needs to address governance gaps to meet upcoming challenges: RBI Deputy Governor M Rajeshwar Rao

Addressing a conference of directors of banks organised by the Reserve Bank of India last month, he emphasised that financial…

Updated: June 5, 2023 12:41 IST

Banks’ digital payments frauds nearly double in FY23

While 3,596 frauds amounting to 155 crore using cards and internet banking services were reported in FY22, the volume nearly…

Updated: June 5, 2023 08:11 IST

Private banks grow deposits at a faster pace in FY23

In absolute terms, deposit growth is higher at public sector banks

June 2, 2023 01:45 IST

non-food credit, bank non-food credit, non-food credit of commercial bank,

Banks’ non-food credit rises to over Rs 138 trn

Credit to agriculture and allied activities rose 16.7% YoY to Rs 17.25 trillion while credit to industry segment rose 7%…

June 1, 2023 03:30 IST

RBI, repo rate, interest rate, inflation, Consumer price growth, policy rate hikes, commodity prices, Shaktikanta Das, El Nino, MPC, liquidity, bond traders

Banks must know downside risks of their biz models: RBI DG Jain

While it can be valuable to learn from the experiences of other banks, adopting their strategies without considering the specific…

June 1, 2023 01:45 IST

Suryoday SFB, Suryoday SFB growth, Suryoday SFB revenue,

Suryoday SFB’s FY24 provision in line with RBI proposed model

SFB is aiming to lower its GNPA ratio further to below 2% in FY24, and NNPA ratio below 0.5%.

June 1, 2023 00:15 IST

Credit Suisse aborts China bank plan to avoid regulatory conflict under UBS

Credit Suisse had been planning over the last few years to set up a wholly owned local bank in China…

Updated: May 31, 2023 11:16 IST

Indian banks, Indian banks fraud, Public sector banks fraud,

Indian banks report higher number of frauds, total amount declines

The Reserve Bank of India (RBI) said frauds have occurred predominantly in the category of digital payments which includes card…

May 31, 2023 00:30 IST

Liquidity of banks, Rs 2000 notes, Rs 2000 notes ban,

Liquidity of banks to improve as Rs 2000 notes being deposited: Report

“As per market trends, around 80 per cent of the total Rs 2000 notes received are deposited and the rest…

May 30, 2023 20:55 IST

Finance Minister Nirmala Sitharaman, privatisation of public sector banks (PSBs), PSE

Bank privatisation to happen as per schedule: Sitharaman

She was speaking at a press conference in Mumbai on the achievements of the Narendra Modi government in the last…

May 30, 2023 03:15 IST

Aim to increase SME mix to 30%, says DBS Bank India ED

DBS Bank India is looking to increase its small and medium-sized enterprises (SME) mix to 30% of the overall loan…

May 30, 2023 02:15 IST

Banks need to improve digitalisation and keep vigil on stressed asset: MoS Finance

Minister of State for Finance Bhagwat K Karad on Monday said banks need to focus on digitalisation and keep a…

May 29, 2023 17:36 IST

RBI, Shaktikanta Das, governance gaps, assets misreporting, corporate governance, banking sector

RBI Governor Shaktikanta Das flags governance gaps, instances of stressed assets misreporting

“During the course of our supervisory process, certain instances of using innovative ways to conceal the real status of stressed…

May 29, 2023 12:42 IST

UPI Lite needs more push from banks

These are early days for UPI Lite – the platform launched by the Reserve Bank of India (RBI) in September…

May 29, 2023 02:30 IST

After initial hiccups, 3 payments banks turn profitable

When payments banks framework was issued in 2015, the Reserve Bank of India had given in-principle approval to 11 players.

Updated: May 29, 2023 11:55 IST

BFSI, financial services, technology, global economy, online banking, mobile payments, customer experience, business models, machine learning, AI, IoT, blockchain, data, fraud prevention, cybersecurity, compliance

Digital Disruption in the BFSI Sector: Importance of Digital Assurance

Customers are demanding convenient and hyper-personalized financial solutions following the emergence of digital banking and insurance applications.

May 28, 2023 11:23 IST

City Union Bank, City Union Bank PAT, City Union Bank latest news,

City Union Bank PAT up 4% to Rs 218 cr

For FY23, the PAT grew 23% to Rs 937 crore from Rs 760 crore last year while total income clocked…

May 27, 2023 02:15 IST

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Harvard-trained doctor shares ultimate superfood list to cut dangerous belly fat

Life40 min ago

Harvard-trained gastroenterologist Dr Saurabh Sethi advises including blueberries, unsweetened Greek yogurt, extra virgin olive oil, walnuts or flaxseeds, fatty fish, leafy greens and cruciferous vegetables, and avocados in the diet to combat belly fat. These foods are rich in antioxidants, fibre, and healthy fats, and can help reduce visceral fat, inflammation, and improve metabolic health.

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