Page 58 of banking sector

how many bank accounts can a person have in india

How many bank accounts should you have? Find out

Should you have one or multiple bank accounts? Here are some tips to help you decide how many bank accounts…

September 1, 2022 11:45 IST

Bank Holiday Today, 31 August 2022: Banks to open on Ganesh Chathurthi in these cities, check list

Banks in certain cities in India will remain functional on Ganesh Chathurthi, Wednesday, 31 August.

Updated: August 31, 2022 12:25 IST

TMB hopes to tide over branch restrictions post IPO

The regulator revoked three of the restrictions in March 2021, subject to the bank getting listed on the stock exchanges…

August 31, 2022 04:05 IST

Share pledging case: SAT quashes order against Kotak Mahindra Bank

It was also contended that the appeal had become infructuous as a forensic report indicated that the client’s securities were…

August 31, 2022 00:43 IST

Finance Ministry undertakes performance review of PSU banks; takes stock of financial inclusion drive

During the April-June period of the previous fiscal, state-owned banks recorded a total profit of Rs 14,013 crore.

August 30, 2022 20:37 IST

House price index rises 3.5 per cent in first quarter: RBI data

The cities are Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai.

August 30, 2022 20:07 IST

Kotak Mahindra Bank pitches for standardising fraud reporting to RBI

The bank said it had written to the RBI on Tuesday and also earlier on March 17, 2022 ” to…

August 30, 2022 19:52 IST

EoI for IDBI Bank stake sale likely next month

There are still some pending issues that need to be discussed with the Reserve Bank of India and Securities and…

August 30, 2022 15:05 IST

MSME portfolio remains a concern for banks even as asset quality improves

Analysts are relatively optimistic about the future trajectory of slippages, especially those from the restructured book.

August 30, 2022 02:05 IST

Finmin to review credit flow, performance of PSBs today

The asset quality of the banking system has improved with the gross non-performing asset (NPA) ratio declining from 7.4% in…

August 30, 2022 01:00 IST

Banks divided on credit growth outlook: Report

As per the survey, 74% of banks expect infrastructure loans to increase.

August 30, 2022 00:55 IST

Bank Holidays in September 2022: Banks closed for up to 13 days in various cities in September; check list

List of Bank Holidays For September 2022: Banks in India are likely to be shut for up to 13 days…

August 29, 2022 12:54 IST

Digital banking, Digital banking units, banking sector,

Digital banking units to debut with at least 10 services

Digital banking units (DBUs) will soon be launched in 75 districts across the country with at least 10 products and services, which…

August 29, 2022 02:30 IST

Central banks will fail to tame inflation without better fiscal policy, study says

Central banks are now raising interest rates, but the new study, presented on Saturday at the Kansas City Federal Reserve’s…

August 27, 2022 20:47 IST

banking, growth, bank credit, credit growth

Growth in banking system credit going strong, but how long will the good times last?

Data collected by the RBI from 33 scheduled commercial banks (accounting for ~90% of the total non-food credit employed) shows…

August 27, 2022 11:28 IST

Equitas SFB readies for digital push

The bank has also launched gold loans on pilot basis through 130 branches in southern India and a few branches…

Updated: January 10, 2023 14:39 IST

The fact that the next policy meeting is scheduled for end-September is giving banks some comfort, although the possibility of an out-of-turn rate hike is not being completely ruled out.

Bond portfolio management to be key: Banks’ Q2 treasury losses may fall on smaller rate hike

A clutch of 13 major banks reported treasury losses of Rs 8,808 crore in Q1FY23. State Bank of India (SBI)…

August 27, 2022 00:15 IST

In the previous fortnight ended July 29, bank credit grew by 14.52 per cent and deposits by 9.14 per cent.

Bank credit up by 15.32 pc; deposits by 8.84 pc: RBI data

In the fortnight ended August 13, 2021, bank advances stood at Rs 107.79 lakh crore and deposits at Rs 155.72…

August 26, 2022 18:56 IST

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DC National Guard shooting suspect charged with murder, pleads not guilty

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The man accused of shooting two West Virginia National Guard members in Washington, DC, last week has now been charged with first-degree murder and several other serious gun and assault charges, Axios reported. The details were shared in court documents filed on Tuesday.

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