Page 64 of Banking

IndusInd Bank eyes 10 million customers in three years

IndusInd Banks client base stood at around 35 million at the end of June this year, with close to 2,606…

October 5, 2023 02:50 IST

slice becomes SFB after merger with NESFB

RBI officials in the past have said that they were not in favour of fintechs gaining licences through the backdoor…

October 5, 2023 01:40 IST

Expect demand for home loans to remain robust: Tata Capital Housing MD

Around 380,000 homes were sold in 2022-23(April-March), higher than the 250,000 homes sold in 2021-22.

October 5, 2023 01:30 IST

Banks behind 70% jump in greenwashing incidents in 2023: Report

European financial institutions accounted for most instances and much of the greenwashing involved claims about fossil fuels.

October 3, 2023 13:27 IST

rbi, reserve bank of india, bank, Care Ratings, banking and finance

Banks’ term deposits growth soars to five-year high

Total deposits, which include savings, current account and term deposits, grew by 12.6% to reach Rs 185.3 trillion as of…

October 3, 2023 00:05 IST

South Indian Bank appoints PR Seshadri as MD, CEO

With nearly 25 years of banking experience spanning domestic and international markets, Seshadri has held senior leadership positions at prestigious…

October 1, 2023 05:50 IST

BoM appoints Pradeep Kumar Srivastava as Chief Technology Officer

His appointment is effective from September 28, 2023, the Pune-based lender said in a statement.

September 30, 2023 16:26 IST

Mind the financing gap: Total funds subdued relative to economic activity; bank credit substituted foreign inflows

The total flow of financial resources to the commercial sector, which provides a good grip on the strength of the…

September 30, 2023 06:15 IST

Present high-cost of remittance is “simply unconscionable” when data connectivity is cheap: RBI deputy governor T Rabi Sankar

As per the World Bank’s research, global cross-border remittances in 2022 was estimated to be at $830 billion.

September 30, 2023 05:00 IST

RBI grants approval to IFC for acquiring 9.7% stake in Federal Bank

In July, the private-bank raised Rs 959 crore from IFC through a preferential issue of shares, a member of the…

September 30, 2023 01:45 IST

Asset Reconstruction Companies want larger pie of stressed assets

Seek RBI’s nod to acquire assets from AMCs and AIFs

September 29, 2023 05:15 IST

Tamilnad Mercantile Bank MD and CEO quits on personal reasons

S Krishnan, MD & CEO of private sector lender, Tamilnad Mercantile Bank (TMB), on Thursday resigned from his post, citing…

September 29, 2023 03:45 IST

SBI, state bank of India, banking news, SBI news, country's largest lender, India's largest lender

SBI to encourage corporates to use emission cutting tech

SBI will begin the process of encouraging corporates to implement carbon emission reduction technologies to get better terms for availing…

September 29, 2023 03:00 IST

Canara Bank, Canara Bank news, Canara Bank banking news, banking news, financial news banking

Canara Bank raises Rs 5,000-cr at 7.54% per annum

The bank has issued 500,000 non-convertible, taxable, redeemable, unsecured, fully paid up long-term bonds with a face value of Rs…

September 29, 2023 02:45 IST

‘Upper layer’ tag may pose challenges for some NBFCs

While the top layer will ideally remain empty, RBI can place NBFCs into this layer if there is a substantial…

September 27, 2023 00:05 IST

Troubled SDC Bank merges into Cosmos Bank

A majority, ten branches, of SDC are in the financial capital, while one branch is in Satara, it said, adding…

September 26, 2023 20:00 IST

Customer centricity not an ‘option’ but ‘necessity’, says RBI DG Swaminathan

RBI noticed some banks classifying certain complaints as queries, resulting in understating of core problem.

September 26, 2023 05:30 IST

Large banks continue to be bullish on personal loans

Indian banks’ loan growth in FY23 reached 15.4%, the highest in over a decade.

September 26, 2023 00:05 IST

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Indians’ average monthly salary increased by Rs 4,565 in 7 years: Govt data

India News30 min ago

The government’s latest employment report shows a significant rise in average monthly earnings and daily wages, along with a decrease in unemployment and an increase in job stability. The data stated that average monthly salary has increased from Rs 16,538 in July–September 2017 to Rs 21,103 in April–June 2024. The country has added 17 crore jobs in six years.

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