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Meet this year’s Economics Nobel laureates: Who they are, what they did, and why they got awarded

Their research has substantially improved the understanding of the role of banks in the economy, especially during financial crises, said…

October 10, 2022 18:39 IST

‘Oonjals’: South Indian Bank sets world record

South Indian Bank MD and CEO Murali Ramakarishnan along with its group business head Thomas Joseph K received the World…

October 9, 2022 19:38 IST

Both Karnad and Solanki, as well as realtors said demand for housing continues to be healthy and sales of residential properties are witnessing strong revival in the last 12-15 months.

No material impact of rate hike on demand for home loans; home loan outstanding of banks doubles in last 5yrs

Noting that the RBI has raised the repo rate by 190 basis points in the current fiscal, Das said the…

October 9, 2022 17:41 IST

Happy 18th birthday; It’s time to start financial planning

Know that, the earlier you start your investments in the equity linked products, the better you can yield from the…

Updated: October 10, 2022 10:27 IST

Retail to total deposits of the bank also declined to 74 per cent during the second quarter of the current financial year as compared to 84 per cent in the year-ago period.

Bandhan Bank’s collection efficiency rises to 97 per cent

The bank’s CER stood at 96 per cent at the end of the first quarter of the 2022-23 financial year.

October 8, 2022 18:35 IST

The last date for submission of bids or Expression of Interest (EoI) is December 16.

Govt invites bids for IDBI Bank privatisation; Govt, LIC to sell 60.72 pc

Currently, Life Insurance Corporation (LIC) holds 529.41 crore shares representing 49.24 per cent stake in IDBI Bank, while the government…

October 7, 2022 17:32 IST

bank, banking sector, bank earning growth,

Banks to post good earnings growth in Q2

Importantly, the growth in advances, during the September quarter, has been broad-based and not as skewed towards retail loans as…

October 7, 2022 06:05 IST

PHDCCI pitches for compulsory suspension of bank drawls in cheque bouncing cases

The government should enact a law that from the date of dishonouring of cheque, the dispute between the two parties…

Updated: October 5, 2022 16:03 IST

RBI plans to extensively use AI, ML to improve regulatory supervision

The supervisory jurisdiction of the RBI extends over banks, urban cooperative banks (UCB), NBFCs, payment banks, small finance banks, local…

Updated: October 5, 2022 15:05 IST

Fitch affirms ‘BBB-‘ to SBI, Bank of Baroda

It stems from BoB’s large market position as India’s third-largest state bank with over 6 per cent market share in…

October 4, 2022 20:33 IST

State-run lenders may seek higher prudence for RRBs

The RRBs have 283 million depositors and 26 million borrowers. About 30 of the 43 RRBs collectively earned a net…

October 4, 2022 06:25 IST

rural bank, banking sector, regional rural banks,

Regional rural banks with Rs 300-cr networth to be allowed to list

Currently, the country has 43 RRBs that are backed by 12 state-run banks (sponsor banks). Usually, the central government holds…

October 3, 2022 04:00 IST

The RBI will soon issue a discussion paper on proposed norms on various aspects of transitioning to the new system, the central bank said in a statement, as a part of additional measures after the monetary policy decision.

RBI mulls provisioning norms based on expected loss for banks

“As a further step towards converging with globally accepted prudential norms, it is proposed to adopt the expected loss approach…

October 1, 2022 05:15 IST

RBI mulling to adopt “expected loss” approach for banks’ loan provisioning

Das called the proposed transition a “more prudent and forward looking approach”, and said that a discussion paper will be…

Updated: September 30, 2022 12:45 IST

TVs credit, TVs credit growth, TVs credit loan growth,

TVS Credit sees loan disbursals growth in festive season, rolls out offers and rewards

TVS Credit is seeing strong momentum for its loan offerings as the country heads into the festive season. It has…

September 30, 2022 01:30 IST

PNB, along with SIDBI and Bank of Baroda, is a sponsor of India SME Asset Reconstruction, and as per the bank's annual report for FY22, the ARC is its associate company.

PNB to exit ARCIL via 10.1% stake sale

The sale process of PNB stake in Asset Reconstruction (ARCIL) is subject to the approval of the RBI, and when…

September 30, 2022 01:00 IST

psb vacancies, psb backlog vacancies, banking jobs,

PSU banks to start drive from Oct 2 to fill backlog vacancies of scheduled castes: NCSC chief Vijay Sampla

Sampla said he, along with the finance minister, reviewed the various measures taken by PSBs in giving credit to persons…

September 29, 2022 17:07 IST

India doesn’t need so many public sector banks, says former SBI

“I don’t really believe that we need so many public sector banks either, the number of PSBs could be decreased.

September 28, 2022 16:20 IST

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‘Ilhan Omar is garbage’: Trump intensifies attack on Somali community in fiery remarks

World News41 min ago

President Trump criticized Somali immigrants for being dependent on US social safety nets and not contributing enough to the country. This follows a freeze on asylum decisions after a shooting in Washington. Trump has a history of targeting the Somali community, including Rep. Ilhan Omar, and has threatened to deport them.

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