State Bank of India’s mega recruitment drive: Reports indicate to take in additional 18,000 personnel
Kotak Mahindra Bank Q4 profit drops more than expected on higher provisions, NII up 5.4%, misses estimates
HDFC Life to ‘swiftly adapt’ to change in taxation: MD Vibha Padalkar Padalkar said the company has initiated a technology transformation exercise with the objective of building ‘intelligent systems and platforms for… By Mithun DasguptaJune 30, 2023 02:30 IST
Banking on a legacy: HDFC launches HT Parekh Legacy Centre While HDFC set up the building blocks for the housing finance industry to take shape in India, competition has stiffened… By Ajay RamanathanJune 30, 2023 02:15 IST
Fintech major Lendingkart aims Rs 1,100 crore revenue, says CEO Harshvardhan Lunia His comments come on the heels of the company raising Rs 200 crore in long-term debt funding from growth-stage debt… By Piyush ShuklaJune 30, 2023 01:30 IST
Canara HSBC Life Insurance reports 9-fold jump in profit at Rs 91 cr in FY23 The company’s gross written premium in the last fiscal increased 22 per cent to Rs 7,197 crore from Rs 5,890… By PTIUpdated: June 30, 2023 17:28 IST
Severe natural calamities can lead to higher bad loans: RBI “A disorderly transition will result in significant adjustment costs for all economic agents, leading to stranded financial assets and increasing… By Ajay RamanathanJune 29, 2023 06:00 IST
Indian Bank targets doubling business correspondent outlets to 20,000 in 2 years Punjab National Bank, for instance, almost doubled its BC outlet network from 12,831 in December 2021 to 22,607 in December 2022. By Piyush ShuklaJune 29, 2023 04:40 IST
High retail advances don’t pose risk to banking system, says RBI’s Financial Stability report The central bank’s comments come at a time when lenders have been looking to increase their unsecured retail mix in a bid… By Ajay RamanathanJune 29, 2023 02:30 IST
Major banks will soon provide e-bank guarantees GAIL was the first corporate to have gone live on the feature. By Piyush ShuklaJune 29, 2023 00:45 IST
Retail loan growth key for re-rating of PSB stocks, says Bank of Baroda’s CEO Sanjiv Chadha Even today when we look at attrition, it is very rare that people at the highest levels at the bank… By Piyush ShuklaUpdated: June 29, 2023 00:53 IST
Indian banks’ asset quality best in a decade, expected to improve further: RBI In the bi-annual Financial Stability Report (FSR) released on Wednesday, the central bank said the GNPAs are expected to improve… By PTIJune 28, 2023 16:46 IST
Kotak Mahindra Bank customers can now use RuPay credit cards on UPI Kotak Mahindra Bank customers can select from seven RuPay Credit Cards to use seamlessly on UPI, the bank said in… By PTIUpdated: June 28, 2023 16:09 IST
Bandhan Bank triples number of branches to 1,500 in less than 8 years A statement said the lender now has a network of 6,000 banking outlets across the country. By PTIJune 28, 2023 15:59 IST
IT inspects Tamilnad Mercantile Bank head office at Tuticorin Around a dozen of officials visited the bank’s office in the morning and started inspection of the documents. By FE BureauJune 28, 2023 02:20 IST
Currently evaluating green deposits: Kotak Mahindra Bank’s consumer banking head Virat Diwanji Kotak Mahindra Bank is currently evaluating whether to accept green deposits, says group president and consumer banking head Virat Diwanji.… By Ajay RamanathanJune 28, 2023 01:30 IST
UBS to announce changes to next management level soon: CEO UBS announced a raft of management changes shortly after it completed the takeover earlier this month. By ReutersUpdated: June 27, 2023 14:46 IST
S&P raises assessment of Indian banking sector on “strong recovery” India’s ‘Banking Industry Country Risk Assessment’, an indicator of an economy’s financial sector, has been raised one notch to 5… By ReutersUpdated: June 27, 2023 09:25 IST
White-label ATMs see red in under a decade Number of players has halved since FY14 debut By Piyush ShuklaUpdated: June 27, 2023 21:23 IST
Account aggregator ecosystem needs fine-tuning: Sameer Shetty Currently there are banks where technical failures are large, Shetty says, and not all banks are providing information. By Piyush ShuklaJune 27, 2023 01:30 IST
