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Yes Bank To Convene Shareholders' Meet On August 24; To Seek Nod For Rs 8,900 Crore Fund Raise Plan

Yes Bank To Convene Shareholders' Meet On August 24; To Seek Nod For Rs 8,900 Crore Fund Raise Plan

The country's sixth largest private sector bank based on total assets size said it is witnessing significant momentum across its business segments. Potential and favorable tailwinds are seen for credit growth in India coupled with investments made by the...

02 August 2022
Indian Overseas Bank Raises MCLR By 10 Basis Points

Indian Overseas Bank Raises MCLR By 10 Basis Points

The new rates, which will come to effect on July 10, will range from 6.95-7.55 per cent

08 July 2022

Nirmala Sitharaman To Meet PSBs' Heads On Monday; May Urge Them For Credit Growth 

Last week during the Iconic Week celebration of the finance ministry, banks conducted outreach programs across the country where eligible borrowers have...

Yes Bank Seeks Shareholders' Nod For Raising Up To Rs 10,000 Cr Debt Capital

Yes Bank Seeks Shareholders' Nod For Raising Up To Rs 10,000 Cr Debt Capital

The bank said it plans to borrow the funds through debt securities including nonconvertible debentures, MTN (Medium-Term Notes), bonds (including forming part...

15 June 2022

IDBI Bank Raises Interest Rates On Retail Term Deposits By Up To 25 Basis Points

The revised rates would be applicable across various tenors for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term...

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13 June 2022
RBL Bank Names R Subramaniakumar As New MD, CEO

RBL Bank Names R Subramaniakumar As New MD, CEO

Subramaniakumar had in past served as the Managing Director & Chief Executive Officer (MD & CEO) of Chennai-based public sector lender Indian Overseas Bank...


10 June 2022
Kotak Mahindra Bank Hikes Savings Account Rate By 50 Basis For Deposits Of Over Rs 50 Lakh

Kotak Mahindra Bank Hikes Savings Account Rate By 50 Basis For Deposits Of Over Rs 50 Lakh

Daily balances in savings accounts above Rs 50 lakh will now earn an interest of 4 per cent per annum as against the earlier rate of 3.50 per cent, while the...


06 June 2022
SVC Cooperative Bank's Profit Surges To Rs 160 Crore In FY22

SVC Cooperative Bank's Profit Surges To Rs 160 Crore In FY22

The second-largest lender among the urban cooperative banks had reported a net profit of Rs 150.21 crore in the year-ago period.


02 June 2022
Bank Credit To NBFCs Rises 10% To Rs 10.5 Lakh Crore In FY22: Report

Bank Credit To NBFCs Rises 10% To Rs 10.5 Lakh Crore In FY22: Report

The percentage share of funds deployed by mutual funds in CPs of NBFCs in FY22 stood at 4.4 per cent of debt assets under management (AUMs), up from 3.6 per...


24 May 2022
Bank Of India Net Profit Surges Over Two-Fold To Rs 606 Crore In March Quarter

Bank Of India Net Profit Surges Over Two-Fold To Rs 606 Crore In March Quarter

The total standalone income during the January-March quarter of 2021-22 rose to Rs 11,443.46 crore against Rs 11,155. 53 crore a year ago, Bank of India said...


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16 May 2022
Canara Bank Eyes 8% To 10% Loan Growth; Rise In Corporate Credit This Fiscal

Canara Bank Eyes 8% To 10% Loan Growth; Rise In Corporate Credit This Fiscal

In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per cent.


10 May 2022
SBI Hikes Interest Rates On Bulk Term Deposits By 40-90 Basis Points

SBI Hikes Interest Rates On Bulk Term Deposits By 40-90 Basis Points

The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday.


27 April 2022
Cabinet Approves Rs 820 Crore Financial Support For India Post Payments Bank

Cabinet Approves Rs 820 Crore Financial Support For India Post Payments Bank

The support will help state-run payments banks to penetrate deeper into the country, especially in the rural area, and work towards financial inclusion. 


26 April 2022
Airtel Payments Bank Parnters with IndusInd Bank To Offer Fixed Deposit Facility

Airtel Payments Bank Parnters with IndusInd Bank To Offer Fixed Deposit Facility

With the launch of the fixed deposits (FD) facility, Airtel Payments Bank has further strengthened its digital banking portfolio, IndusInd Bank said in a...


25 April 2022
SBI Card Engages TCS For Digital Transformation

SBI Card Engages TCS For Digital Transformation

TCS has been serving the largest pure-play credit card issuer in the country for a decade and the new deal is an expansion of the engagement.


24 April 2022
ICICI Bank Veteran Vishakha Mulye Takes Charge Of Aditya Birla Capital As CEO

ICICI Bank Veteran Vishakha Mulye Takes Charge Of Aditya Birla Capital As CEO

Mulye, who was the executive director of ICICI Bank in charge of the wholesale banking portfolio, will take over her role on June 1, as per an announcement by...


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20 April 2022
Banks Sanction Loans Worth Rs 3,628 Crore Under PM Yojana To Over 34 Lakh Beneficiaries

Banks Sanction Loans Worth Rs 3,628 Crore Under PM Yojana To Over 34 Lakh Beneficiaries

PM SVANidhi scheme was announced as part of Atmanirbhar Bharat Abhiyan in May 2020 to help street vendors, who were impacted by the COVID-19 pandemic, resume...


18 April 2022
SBI Raises $500 Million Through IFSC Gift City Branch

SBI Raises $500 Million Through IFSC Gift City Branch

This is the first offshore USD Secured Overnight Financing Rate (SOFR) linked syndicated loan raised by SBI through its Gift City branch.


17 April 2022
HDFC Bank To Raise Rs 50,000 Crore Via Bonds; Re-appoints Renu Karnad As Director

HDFC Bank To Raise Rs 50,000 Crore Via Bonds; Re-appoints Renu Karnad As Director

The board has approved the issuance of perpetual debt instruments (part of additional tier I capital), tier II capital bonds and long term bonds (financing of...


13 April 2022
Punjab National Bank Launches Cardless Cash Withdrawal Facility

Punjab National Bank Launches Cardless Cash Withdrawal Facility

Apart from cardless cash withdrawal and virtual debit cards, the bank has launched a range of other select digital services on its mobile app named PNB One for...


31 March 2022
Axis Bank Surge 1% After Acquiring Citibanks’ Customer Business In India

Axis Bank Surge 1% After Acquiring Citibanks’ Customer Business In India

The transaction comprises the sale of the consumer businesses of Citibank India, which includes credit cards, retail banking, wealth management, and consumer...


31 March 2022
Citibank Joins List Of Foreign Banks Scaling Down Operations In India With Rs 12,325 Crore Arm Sale To Axis Bank

Citibank Joins List Of Foreign Banks Scaling Down Operations In India With Rs 12,325 Crore Arm Sale To Axis Bank

Before Citi's exit from the consumer banking business was announced on Wednesday, global banking majors such as ANZ Grindlays, RBS, Commonwealth Bank of...


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