Bank Holidays in October 2024: Banks closed on October 2; banks to remain closed for 15 days in October 2024
IndusInd Bank suspects fraud, says ‘certain employees’ may be involved in Rs 1,269 crore ‘accounting discrepancy’
Shadowed by financial discrepancies: IndusInd Bank posts largest-ever quarterly loss at Rs 2,328.92 crore
India’s banking system liquidity deficit jumps to over 4-year high The shortage has kept upward pressure on overnight rates, with interbank call money and TREPS rate staying in the 6.75%-6.90%… By ReutersSeptember 20, 2023 12:01 IST
To look into lower farm loan sanctions by co-operative banks: FM Nirmala Sitharaman SCBs have a higher share in sanctions despite fewer KCC accounts. By FE BureauSeptember 20, 2023 03:00 IST
RBI approves re-appointment of Sashidhar Jagdishan as HDFC Bank MD, CEO for 3 years While the RBI has approved Jagdishan’s second stint as head of country’s largest private bank, the lender is likely to… By Piyush ShuklaSeptember 20, 2023 01:00 IST
Finance Minister urges RRBs to speed up digitisation to ensure better services in rural areas Cooperative banks are not equally endowed, and their financial health varies, she said, adding ramping up capacity in the sector… By PTISeptember 19, 2023 20:38 IST
Share of loans, deposits with higher interest rates grows The RBI had hiked the repo rate by 250 basis points between May 2022 and April. By Piyush ShuklaSeptember 19, 2023 04:30 IST
Bank lending to NBFCs jumps 23.6 pc in July to Rs 13.8 lakh crore: Report The month also saw lower borrowings from international markets due to the prevailing elevated global interest rates following tightening of… By PTISeptember 18, 2023 21:03 IST
“Will set up committee to review compliance lapses”: FACE CEO A couple of weeks back, Das has proposed setting up a self-regulatory organisation for fintechs. By Ajay RamanathanSeptember 18, 2023 01:30 IST
PSBs bullish on MSME segment loan growth SBI, SIDBI looking to extend nearly Rs 1 trillion each in FY24 By Piyush ShuklaSeptember 18, 2023 01:15 IST
Dhanlaxmi Bank’s independent director resigns citing various issues including factionalism in board In his resignation letter to the Board of directors, Sridhar Kalyanasundaram disclosed multiple issues and instances that were the ‘drivers… By Tanya KrishnaSeptember 17, 2023 22:11 IST
Standard Chartered opens private banking centre in Chennai Standard Chartered Bank has been operating in India with a presence of over 160 years making it one of the… By FE BureauSeptember 16, 2023 05:20 IST
Ujjivan Small Finance Bank launches savings account, current account for premium segment The annual interest rate on the Maxima Savings Account is up to 7.5%, and customers can open the account with… By FE BureauSeptember 16, 2023 05:15 IST
Payments banks should be allowed to offer Rs 2 lakh- Rs 5 lakh loans: Airtel PB MD Presently the RBI allows payments banks to accept Rs 2 lakh in form of low-cost deposits. By Piyush ShuklaSeptember 16, 2023 01:15 IST
Axis Bank investment banking unit co-CEO Chirag Negandhi resigns – internal memo Axis Capital named another co-Chief Executive Salil Pitale as the interim managing director and CEO, as per the memo. By ReutersSeptember 15, 2023 21:02 IST
YES Bank, IndusInd Bank launch products for easing cross border payments Private sector lenders YES Bank and IndusInd Bank on Thursday launched one product each for easing of cross border payments,… By FE BureauSeptember 15, 2023 05:00 IST
Seeing 15,000 retail CBDC transaction per day: RBI Deputy Governor T Rabi Sankar On track to achieve 1 million CBDC transactions per day by December end. By Piyush ShuklaSeptember 15, 2023 01:20 IST
Reserve Bank says 15 large NBFCs to comply with enhanced regulatory requirements A list of 15 large Non Banking Finance Companies (NBFCs) falling in the Upper Layer category has been released. By PTISeptember 14, 2023 19:46 IST
IIFL Fintech Fund Invests Rs 50 crore in Supply Chain Finance Platform Xtracap Fintech Xtracap Fintech offers e-invoice financing in real time to partners, distributors, and suppliers on both downstream and upstream server channels. By FE BureauSeptember 14, 2023 03:37 IST
Bajaj Housing Finance offers home loans at 8.45% per year The festive offer will enable prospective customers to benefit from equated monthly installments starting from Rs 729 per lakh. By Ajay RamanathanSeptember 14, 2023 03:33 IST
Google CEO Sundar Pichai defends H-1B visa program, says immigrants play a vital role in US tech success
Strong session: Nifty closes near record highs above 26,200, Sensex jumps 450 points – Here are key highlights
GST authorities search Supreme Industries’ Mumbai and Khopoli units; company says operations remain unaffected
