Friday, Aug 12, 2022
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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
Competition Commission Approves Axis Bank-Citi Deal: What It Means For Citibank Customers?

Competition Commission Approves Axis Bank-Citi Deal: What It Means For Citibank Customers?

Axis Bank-Citi deal gets a green signal from the Competition Commission of India. Following the merger of Axis Bank and Citi, Citi's retail customers will...

27 July 2022

Sebi Orders Attachment Of Bank, Demat Accounts Of Individual In Shree Ramkrishna Electro Case

In its notice, Sebi asked banks, depositories and mutual funds not to allow any debit from the accounts of Gole. However, credits have been permitted

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

Balancing Financial Stability In A High-Interest Environment – A Big Task For The Banking Regulator

The Ukraine crisis has aggravated the already existing supply chain problems, resulting in a spiralling increase in commodity prices globally. Inflation is...

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02 July 2022
Indian Bank Inks MoU With Government Of Haryana

Indian Bank Inks MoU With Government Of Haryana

As per the agreement, the city-headquartered bank would provide e-upi coupons to beneficiaries


30 June 2022
Bank Deposits Dip Y-O-Y, But Share Of Women In Incremental Deposits Double, Shows RBI Data

Bank Deposits Dip Y-O-Y, But Share Of Women In Incremental Deposits Double, Shows RBI Data

The latest report on deposit with scheduled banks show that the bank deposits fell on a yearly basis, even as current, savings, and term deposits increased....


29 June 2022
HDFC AMC Chairman Deepak Parekh Outlines Optimistic Days Ahead For MF Industry

HDFC AMC Chairman Deepak Parekh Outlines Optimistic Days Ahead For MF Industry

Economic growth to be optimistic going forward. Mutual fund assets under management up by 20 per cent year-on-year.


26 June 2022
Woman Held For Duping People By Posing As Executive Of Non-Banking Firms

Woman Held For Duping People By Posing As Executive Of Non-Banking Firms

The accused, identified as Manisha Ahirwal, was arrested from a fake call centre running in a rented accommodation at Rohini Sector 8, they said. 


23 June 2022
Urban Co-Operative Banks Need To Focus On Symmetric Development, Adopt Modern Banking Methods: Shah

Urban Co-Operative Banks Need To Focus On Symmetric Development, Adopt Modern Banking Methods: Shah

He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in...


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19 June 2022
Nirmala Sitharaman To Meet PSBs' Heads On Monday; May Urge Them For Credit Growth 

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...


19 June 2022
CVC-Constituted Panel ABBFF Gives Advice On 84 Bank Fraud Cases

CVC-Constituted Panel ABBFF Gives Advice On 84 Bank Fraud Cases

Earlier in January this year, the ambit of the panel was expanded to conduct a first-level examination of large bank fraud cases involving amounts of over Rs 3...


17 June 2022
FM Sitharaman To Meet Heads Of PSBs On June 20; May Nudge Them For Loan Growth

FM Sitharaman To Meet Heads Of PSBs On June 20; May Nudge Them For Loan Growth

Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy facing headwinds including from Russia-Ukraine war, sources...


15 June 2022
Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

Fitch Revises Rating Outlook On 9 Banks Including SBI, ICICI Bank And Axis Bank

"Fitch Ratings has revised the Outlook to Stable from Negative on the Long-Term Issuer Default Ratings (IDR) of 9 India-based banks, while affirming their...


15 June 2022
IDBI Bank Raises Interest Rates On Retail Term Deposits By Up To 25 Basis Points

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...


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...


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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...


10 June 2022
HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

HDFC, Indian Overseas Bank Hike Lending Rate By 0.50%

Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...


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...


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.


15 May 2022
Banking Frauds Dip 51% To Rs 40,295 Crore; Number Of Cases Not Falling Fast Enough: RBI

Banking Frauds Dip 51% To Rs 40,295 Crore; Number Of Cases Not Falling Fast Enough: RBI

The 12 PSBs (Public Sector Banks) had reported frauds worth Rs 81,921.54 crore in preceding fiscal 2020-21, the Reserve Bank has said in response to an...


11 May 2022
New Banking Rules: Government Makes Aadhaar Card/Pan Card Compulsory To Open Accounts, Deposit/Withdraw Money

New Banking Rules: Government Makes Aadhaar Card/Pan Card Compulsory To Open Accounts, Deposit/Withdraw Money

An assessee needs to mention his/her PAN in all communications with the I-T department and while entering into specified financial transactions.


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.


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