Page 55 of Banking

net interest margins, savings account, banks, banking and finance

The growth in deposits has gained traction, but it is mainly driven by timely deposits rather than low-cost current account-…

January 15, 2024 00:30 IST

Central Bank of India, Central Bank of India Q3 results, quarter earnings, profit, NII, NIM, NPA, asset quality, deposits, loan, bank branches, banking sector

Central Bank of India extends festival offer till March 31

The bank is offering low interest rate, waiver in processing fee and other facilities for customers during this period, Central…

January 14, 2024 16:37 IST

RBI, The Reserve Bank of India, Bank of Baroda,top news, latest news, business news,

Banks place aggressive bids at VRR auction as liquidity deficit lingers

The central bank accepted bids at 6.71%, reaching close to the marginal standing facility (MSF) rate of 6.75%.

January 13, 2024 02:15 IST

SBI, State Bank of India, green rupee term deposit scheme, YONO, top news, latest news, business news,

SBI launches green rupee term deposit

State Bank of India (SBI) on Friday launched a green rupee term deposit scheme with an aim to finance environment-friendly…

January 13, 2024 00:15 IST

PhonePe, Paytm, SBI, Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Federal Bank, HDFC Bank, IDFC First Bank, IndusInd Bank, Karur Vysya Bank, Kotak Mahindra Bank, Punjab National Bank, South Indian Bank, and UCO Bank, top news, latest news,

PhonePe, Paytm, SBI and others go live on India-Singapore cross-border UPI-based payments

The feature will help the Indian diaspora in Singapore to send funds into Indian bank accounts directly through UPI (unified…

January 12, 2024 01:30 IST

FIDC tells NBFCs to enhance responsible lending behaviour

The FIDC in a number of occasions asked its members to review implementation of key norms.

January 12, 2024 00:30 IST

Indian economy, economic growth, GDP growth, CPI inflation, headline inflation, investment cycle, global economy, repo rate, RBI Bulletin, RBI Governor, Shaktikanta Das

Long delays in CIRP substantially erode asset value, says RBI chief

The IBC, which came into force in 2016, is a key legislation aimed at resolving stressed in a time-bound and…

Updated: January 11, 2024 21:33 IST

State Bank of India, SBI, Asia, EMEA, Bank of America, BNP Paribas, HSBC, JP Morgan, MUFG, top news, latest news, industry news,

SBI raises $600 million via 5-year dollar bond sale

The bond sale, conducted by the London branch of SBI, evoked strong response with global investors putting in bids worth…

January 11, 2024 02:40 IST

HDFC Bank, Reserve Bank of India, RBI, PayZapp app, Mintoak, HDFC Bank mobile app, HDFC Sky app, top news, latest news, bank news, business news,

HDFC Bank to roll out revamped app in 4 months; To enhance customer experience, security

The bank has also revamped the security infrastructure of both these channels, given that frauds have increased while the turnaround…

January 11, 2024 00:30 IST

Slice, Slice and North East Small Finance Bank, processing fees, internet handling, commission, services fees, top news, latest news, business news,

Fintech platform Slice’s revenue, losses surge

The platform, which provides physical and virtual credit cards focused on students and salaried professionals, makes most of its revenue…

January 10, 2024 01:20 IST

Bandhan Bank says loan claims under audit by govt agency

Bandhan Bank’s stock rose as much as 3.17% intra-day following the clarification, before paring some of those gains.

January 10, 2024 00:20 IST

India, UPI payment, President Ranil Wickremesinghe, Sri Lanka, top news, latest news, Central Bank of Sri Lanka, latest news, business news,

India & Sri Lanka discuss early launch of UPI payment system

India has discussed the early launch of the UPI payment system with Sri Lanka and reiterated its support in the…

Updated: January 9, 2024 18:52 IST

Kotak Bank, Kotak Bank news, banking news, Manish Kothari, kotak mahindra bank

Kotak Bank’s commercial banking to grow more than industry

“Banking credit will grow faster and we will continue to grow faster than the industry. Whether it is commercial vehicles,…

January 9, 2024 05:10 IST

UPI, NPCI, UPI fee, top news, latest news, opinion news, opinion article on UPI,

The nudge that UPI needs: NPCI chief proposes UPI fee for large merchants, sparks debate on digital payments

Last week, National Payments Corporation of India (NPCI) managing director Dilip Asbe set the cat among the pigeons when he…

January 9, 2024 03:00 IST

HDFC Bank’s advances up 62%

Deposits see 27.7% growth in Dec quarter

January 6, 2024 01:00 IST

variable reverse repo, variable reverse repo news, banking news,

VRR auction gets 2.8-time bids against offer

The central bank, in a statement, said it has accepted bids worth Rs 1,00,009 crore at a cut-off rate of…

January 5, 2024 20:26 IST

Reserve Bank of India, RBI, RBI news, Politically-Exposed Persons, banking news

RBI revises definition of politically-exposed persons for KYC purpose

Certain changes have been made in the RBI’s Know Your Customer (KYC) norms.

January 5, 2024 16:37 IST

Central Bank records 15 pc loan growth in Q3

The bank’s deposits rose 14.8 per cent to Rs 1.17 lakh crore during the quarter from Rs 1.02 lakh crore…

January 4, 2024 20:26 IST

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Trent Q2 revenue growth slows to four-year low

Business40 min ago

Trent, a Tata Group-owned retailer, saw a 17% increase in revenue for the September quarter, its slowest growth since March 2021. Struggling flagship format Westside and strong performer Zudio highlight the company’s mixed performance. Trent is expanding its lifestyle concepts, like Burnt Toast and Zudio Beauty, to better compete with other retail giants.

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