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...
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...
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
The new rates, which will come to effect on July 10, will range from 6.95-7.55 per cent
The Ukraine crisis has aggravated the already existing supply chain problems, resulting in a spiralling increase in commodity prices globally. Inflation is...
As per the agreement, the city-headquartered bank would provide e-upi coupons to beneficiaries
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....
Economic growth to be optimistic going forward. Mutual fund assets under management up by 20 per cent year-on-year.
The accused, identified as Manisha Ahirwal, was arrested from a fake call centre running in a rented accommodation at Rohini Sector 8, they said.
He emphasised on the reforms in urban cooperative banks and asked them to make structural changes, computerise accounting processes and infuse young talent in...
Last week during the Iconic Week celebration of the finance ministry, banks conducted outreach programs across the country where eligible borrowers have...
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...
Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy facing headwinds including from Russia-Ukraine war, sources...
"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...
The revised rates would be applicable across various tenors for domestic term deposits, non-resident ordinary (NRO) and non-resident external (NRE) term...
Subramaniakumar had in past served as the Managing Director & Chief Executive Officer (MD & CEO) of Chennai-based public sector lender Indian Overseas Bank...
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...
Earlier on Wednesday, three state-owned lenders Punjab National Bank, Indian Bank and Bank of India had announced raising their respective repo-based lending...
The second-largest lender among the urban cooperative banks had reported a net profit of Rs 150.21 crore in the year-ago period.
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...
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...
In the fiscal ended on March 31, 2022, the lender's gross advances grew by 9.77 per cent.
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...
An assessee needs to mention his/her PAN in all communications with the I-T department and while entering into specified financial transactions.
The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday.
