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Banking Sector

Why Is It Important To Redo Your KYC, And Here’s How To Do It

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

08 August 2023

State Bank of India.

SBI To Raise Rs 50,000 Crore In FY24

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.

09 June 2023

Bank NPAs To Reduce Further: CRISIL

Bank NPAs To Improve To Decadal Low Of 3.8% By End Of FY24: Crisil

Crisil said a major factor influencing the bank NPAs is the improvement in the high-value corporate loanbooks

03 April 2023

State Bank of India.

Domestic GDP Growth On Firm Footing, Growth Slightly Revised Upwards: SBI Study

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.

09 June 2023

Reserve Bank of India

Banking Sector Needs To Address Governance Gaps To Meet Upcoming Challenges: RBI Dy Guv

This is best ensured by strong governance, control, and assurance functions in financial institutions, he added.

05 June 2023

PSU Banks Recover 14% Of Written-Off Loans In Last 5 Years: Finance Minister

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...

28 March 2023

Inflow In Equity Mutual Fund Halves To Rs 3,240 Crore In May On Profit Booking

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...

09 June 2023

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Credit Suisse

Trouble In Credit Suisse Unlikely To Any Impact India's Banking System: Experts

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...

17 March 2023

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17 March 2023
IDBI Bank Privatisation On Track: DIPAM

IDBI Bank Privatisation On Track: DIPAM

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...


01 March 2023
RBI Reviews Utilisation Of Local Bank Loans By Adani Group Companies: Report 

RBI Reviews Utilisation Of Local Bank Loans By Adani Group Companies: Report 

Adani vs Hindenburg: Some RBI supervisors overseeing banks are also reportedly requesting for Adani group loan data twice weekly


21 February 2023
NTPC Green Energy To Raise Up To Rs 9,000 Crore Term Loan

NTPC Green Energy To Raise Up To Rs 9,000 Crore Term Loan

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


17 February 2023
CCI Gives Nod To Deal Involving VVDN Technologies

CCI Gives Nod To Deal Involving VVDN Technologies

CCI approved the stake acquisition in VVDN Technologies by Kotak Funds and IBEF-IV


11 February 2023
Top 10 Banks Offering Highest Interest Rates On FDs To Senior Citizens. Check Details Here

Top 10 Banks Offering Highest Interest Rates On FDs To Senior Citizens. Check Details Here

Fixed deposits are highly sought after by senior citizens as they offer the chance to receive regular cash flow with minimal risks involved.


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07 February 2023
What Is Cash Reserve Ratio? Why Are Banks Asking RBI To Consider Funds In Dormant Accounts As CRR?

What Is Cash Reserve Ratio? Why Are Banks Asking RBI To Consider Funds In Dormant Accounts As CRR?

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...


03 February 2023
Can Rout In Adani Group Shares Trigger NPA Crisis For Indian Banking Sector? 

Can Rout In Adani Group Shares Trigger NPA Crisis For Indian Banking Sector? 

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


23 January 2023
RBI Extends Time for Bank Locker Renewal Agreements. Check For More Details

RBI Extends Time for Bank Locker Renewal Agreements. Check For More Details

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...


20 January 2023
Union Bank December Quarter Profit Nearly Doubles To Rs 2,245 Crore

Union Bank December Quarter Profit Nearly Doubles To Rs 2,245 Crore

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


11 January 2023
Tougher To Get Talent In Banking; Policymakers And Lenders Need To Work On It: Uday Kotak

Tougher To Get Talent In Banking; Policymakers And Lenders Need To Work On It: Uday Kotak

The managing director and chief executive of private sector lender Kotak Mahindra Bank said policymakers and practitioners need to work together to address...


05 January 2023
60% Indians Say Banks Overcharge On Locker Rent, Finds Survey

60% Indians Say Banks Overcharge On Locker Rent, Finds Survey

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...


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28 December 2022
RBI Cautions Indian Banks Against Increasing Retail Loans

RBI Cautions Indian Banks Against Increasing Retail Loans

The central bank added that it is well-equipped with its policy toolkit to handle any systemic risk arising out of growing retail loans


21 December 2022
Credit Growth Far Away From Being Considered As 'Exuberant', Says RBI Governor Shaktikanta Das

Credit Growth Far Away From Being Considered As 'Exuberant', Says RBI Governor Shaktikanta Das

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,...


20 December 2022
What Are The Charges Levied By Banks When Prepaying A Home Loan?

What Are The Charges Levied By Banks When Prepaying A Home Loan?

Banks cannot impose foreclosure charges when you prepay your home loan. Read on to know the charges levied in such a situation.


16 December 2022
Yearender 2022: From CBDC to WhatsApp Service, Steps Taken By Indian Banks For Ease Of Customers

Yearender 2022: From CBDC to WhatsApp Service, Steps Taken By Indian Banks For Ease Of Customers

Here's a compilation of the steps taken by Indian banks for the ease of their customers in 2022


15 December 2022
SBI, HDFC, Kotak, Other Major Banks Hike FD Rates: Know Details

SBI, HDFC, Kotak, Other Major Banks Hike FD Rates: Know Details

Major Indian banks have increased their fixed deposit (FD) rates in line with the Reserve Bank of India’s (RBI) recent repo rate hike.


29 November 2022
SBI, ICICI, Yes Bank & BOB Are Among Eight Banks To Start Trial For RBI’s Retail CBDC From Dec 1

SBI, ICICI, Yes Bank & BOB Are Among Eight Banks To Start Trial For RBI’s Retail CBDC From Dec 1

After wholesale CBDC in October, RBI all set to launch retail CBDC on December 1, 2022


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