Deposits are growing slower than credit, posing a challenge for banks to mobilise low-cost deposits.
As banks continue to raise interest rates on term deposits to attract customers, experts do not expect any relief for…
Total provisions of the bank rose 38% y-o-y to Rs 3,449.42 crore while loan loss provisions surged 70% to Rs…
The RBI on Tuesday issued a master direction to address the issues of identification and treatment of wilful and large…
A dynamic factor of authentication means that the password or pin number will be time sensitive, initiated during the transaction…
Private banks have also performed better in customer satisfaction. Usage of mobile and internet banking by customers of private lenders…
Net interest income rose 7% to Rs 19,553 crore in the June quarter of current fiscal from Rs 18,227 crore…
The net interest income, the difference between interest earned and paid, rose 25.4% to Rs 4,695 crore in the first…
With over 32,000 employees, India is its second-largest workforce after the US, and a key talent provider for Citi’s global…
Bank to revamp consumer banking divison, creates three verticals
The 10-year bond ended the day flat at 6.969%, after hitting an intraday low of 6.926% and the high of…
Efforts should focus on transitioning from judgment-based lending to data-driven lending.
The branch expansion plan comes after the lender was barred by the Reserve Bank of India to add customer digitally.
Gross non-performing assets (NPA) ratio of the banks declined to 4.54% as on June 30, as compared to 4.76% in…
“Loan growth remained healthy led by pick up in corporate loan growth and growth in unsecured retail advances particularly personal…
UPI breaks record with 13.9 billion transactions in June
The lender will also work to lower its credit-to-deposit ratio to pre-merger levels, its managing director and chief executive officer…
The 10-year yield traded in the range of 6.90%-7.03% in June, compared with 6.97%-7.14% in May. On Tuesday, yields on…
