RBI’s ‘Payments Vision 2025’ aims to establish India as a powerhouse of payments globally, say experts
Finance minister Nirmala Sitharaman to review large NPAs, asset quality of public-sector banks on June 20
Ahead of RBI deadline, Paytm and Axis Bank to submit TPAP application for UPI ops with NPCI this week
Public sector banks turn profitable in Apr-Sep FY20 Public sector banks (PSBs) returned to profitability in 2019-20, posting an aggregate profit of Rs 3,221 crore in the first… By PTIDecember 9, 2019 22:41 IST
Chanda Kochhar termination: Bombay HC seeks RBI reply; next hearing on December 18 The Bombay High Court on Monday sought responses from the Reserve Bank on a plea by Chanda Kochhar challenging her… By PTIDecember 9, 2019 21:06 IST
Salary delays, business downturns top reasons for loan defaults, says Creditmate report The survey comes months after official data showed that unemployment is at a four-decade high, the pace of economic growth… By PTIDecember 9, 2019 18:15 IST
Yes Bank may reject $1.2 billion investment offer from this little known Canadian investor Yes Bank Ltd. is likely to reject an offer that made up more than half of its planned $2 billion… By BloombergDecember 9, 2019 15:50 IST
Is SBI really buying Yes Bank? India’s largest PSU bank clarifies stand The clarifications of SBI not taking over Yes Bank even as the latter has announced mega $2 billion fund raising… By FE News DeskDecember 9, 2019 13:52 IST
Amalgamated entity of 3 PSBs to retain sovereign status: UBI chief Regarding the progress of the amalgamation process, he said it is “going on smoothly” and 34-odd committees, formed by the… By PTIDecember 7, 2019 21:32 IST
NTPC signs term loan of Rs 5,000 crore with SBI The loan facility has been extended at an interest rate linked to 3-month MCLR of the bank. By PTIDecember 7, 2019 16:34 IST
Nepal SBI post 13 percent growth in net profit for FY19 The bank succeeded in opening 76,568 new saving accounts during the last fiscal year. By PTIDecember 7, 2019 14:10 IST
Relief to bankers! Genuine business decisions won’t be questioned, says PM Modi Before any action, scrutiny by serving finance or banking expert to be conducted. By FE BureauDecember 7, 2019 06:32 IST
RBL Bank raises Rs 2,025 crore via QIP Private sector lender RBL Bank on Friday announced that it had raised Rs. 2,025 crore via qualified institutional placement (QIP),… By FE BureauDecember 7, 2019 05:17 IST
Bank of India to raise up to Rs 10,000 cr through bonds, preference shares Bank of India on Friday said it plans to raise up to Rs 10,000 crore by issuing bonds or preference… By PTIDecember 6, 2019 21:16 IST
NEFT transactions to be available 24×7 from December 16 In a bid to promote digital transactions, the RBI on Friday said round-the-clock transactions will be allowed under the National… By PTIDecember 6, 2019 21:12 IST
RBI to retain dovish bias going forward, says DBS report After five consecutive cuts in interest rates this year, the six-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta… By PTIDecember 6, 2019 12:41 IST
After PMC Bank scam, RBI to tighten norms for urban co-op banks RBI then came down heavily on the bank for the fraud, and imposed curbs including capping withdrawals at Rs 1,000,… By GuestDecember 6, 2019 03:47 IST
Payments banks with 5-year experience can now convert to small finance banks In August, FE had reported that PBs have requested RBI to allow them to lend money to their customers. By Shritama BoseDecember 6, 2019 03:38 IST
RBI looking into reasons for digital banking outage at HDFC Bank Responding to a query on whether RBI would come up with a framework to penalise banks for poor service, RBI… By FE BureauDecember 6, 2019 02:20 IST
Banks lending more to NBFCs; not to let any big one to fall: RBI The NBFC sector has been in liquidity crisis since the collapse of IL&FS in September 2018. The governor said the… By PTIUpdated: December 5, 2019 21:05 IST
Corporate lending witnessing lack of demand: SBI On bank frauds, he said SBI would make its 58,000-odd ATMs chip-enabled by the end of the current fiscal. By PTIDecember 5, 2019 18:41 IST
1xBet money laundering case: Cricketers to actors, over 10 celebrities under ED lens as probe deepens
Markets clock gains: Nifty closes above 25,200 led by Kotak Mahindra Bank, M&M & L&T – 5 key highlights
Bihar Election 2025: Tejashwi Yadav kicks-off ‘Adhikar Yatra’ ahead of polls, pulls spotlight on unemployment and women safety
