Know your customer (KYC) refers to the documentation that needs to remain updated with your latest details, with the financial institution, according to Reserve Bank of India rules
The decision in this regard was taken by the central board of the bank, the country's largest lender said in a stock exchange filing.
Crisil said a major factor influencing the bank NPAs is the improvement in the high-value corporate loanbooks
The apex bank has also revised GDP growth marginally upwards from 6.4 per cent to 6.5 per cent for the current financial year.
This is best ensured by strong governance, control, and assurance functions in financial institutions, he added.
Banks continue to pursue recovery actions initiated in written-off accounts through various recovery mechanisms available, such as filing of a suit in civil courts or in Debts Recovery Tribunals, action under the...
Overall, the 42-player mutual fund industry continues to see inflow and attracted Rs 57,420 crore, on contributions from debt-oriented schemes. This comes following a net investment of Rs 1.21 lakh crore in the preceding...
Credit Suisse is the first major global bank to be given an emergency lifeline since the 2008 global meltdown and its problems have raised doubts over whether central banks will be able to sustain their fight against...
DIPAM, which manages government holding in state-owned enterprises, in October last year invited EoIs for selling a 30.48 per cent stake in IDBI Bank, along...
Adani vs Hindenburg: Some RBI supervisors overseeing banks are also reportedly requesting for Adani group loan data twice weekly
The minimum amount of loan offered by banks/FIs (financial institutions) shall be Rs 1,000 crore and in multiples of Rs 500 crore thereafter, it stated
CCI approved the stake acquisition in VVDN Technologies by Kotak Funds and IBEF-IV
Fixed deposits are highly sought after by senior citizens as they offer the chance to receive regular cash flow with minimal risks involved.
RBI increases the cash reserve ratio (CRR) during periods of high inflation to restrict banks' money for loans. It helps remove excess cash from the economy...
With the rout in Adani Group shares some analysts have cautioned of systemic risk and it can lead to non-performing asset (NPA) crisis for the banking sector
In addition, it said that if lockers were already 'frozen' due to the non-execution of the agreements by January 1, 2023, the same should be unfrozen...
On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 7.93 per cent, as compared to 11.62 per cent
The managing director and chief executive of private sector lender Kotak Mahindra Bank said policymakers and practitioners need to work together to address...
A sizeable 14 per cent each said they planned to give up their locker and/or shift to a smaller locker, as rental had increased by 100-300 per cent, while 31...
The central bank added that it is well-equipped with its policy toolkit to handle any systemic risk arising out of growing retail loans
Das said in absolute terms, the credit expansion for the year to December 2 had come at Rs 19 lakh crore, while the deposit growth was Rs 17.5 lakh crore,...
Banks cannot impose foreclosure charges when you prepay your home loan. Read on to know the charges levied in such a situation.
Here's a compilation of the steps taken by Indian banks for the ease of their customers in 2022
Major Indian banks have increased their fixed deposit (FD) rates in line with the Reserve Bank of India’s (RBI) recent repo rate hike.
After wholesale CBDC in October, RBI all set to launch retail CBDC on December 1, 2022
