Wednesday, Jul 06, 2022
Outlook.com

HDFC And HDFC Bank Merger Proposal Gets Nod From Stock Exchanges

HDFC And HDFC Bank Merger Proposal Gets Nod From Stock Exchanges

HDFC Bank has received an observation letter with 'no adverse observations' from BSE Limited and an observation letter with 'no objection' from the National Stock Exchange of India Limited, both dated July 2, 2022, HDFC Bank said in a filing

04 July 2022
Banking Frauds Of Over Rs 100 Crore See Significant Decline In FY'22

Banking Frauds Of Over Rs 100 Crore See Significant Decline In FY'22

According to official data, the number of fraud cases in private as well as public sector banks dropped to 118 in FY22 from 265 in 2020-21

03 July 2022

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...

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

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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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.


06 June 2022
Need To Make Indian Banks, Currency Important Part Of International Trade, Supply Chain: PM Modi

Need To Make Indian Banks, Currency Important Part Of International Trade, Supply Chain: PM Modi

Inaugurating the iconic week celebrations by the Ministry of Finance and Corporate Affairs as part of the Azadi ka Amrit Mahotsav, Modi said India has...


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...


23 May 2022
Govt Alerts About Fake SMS Fraud Targeting SBI Customers; Know What To Do If You Are A Victim

Govt Alerts About Fake SMS Fraud Targeting SBI Customers; Know What To Do If You Are A Victim

There has been a smishing/phishing/cyber hacking attempt targeting SBI’s customers. Read below to find out how to report such a crime if you have fallen prey.


17 May 2022
RBI Rejects On Tap Banking License Request Of 6  Out Of 11 Applicants

RBI Rejects On Tap Banking License Request Of 6 Out Of 11 Applicants

The RBI in a statement said the examination of six applications has now been completed as per the procedure laid down under the guidelines.


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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.


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.


02 May 2022
IDBI Bank Profit Rises 35% To Rs 691 Crore In March Quarter

IDBI Bank Profit Rises 35% To Rs 691 Crore In March Quarter

Total income during the January-March period of 2021-22, however, was lower at Rs 5,444.08 crore from Rs 6,894.86 crore in the year-ago period


02 May 2022
HDFC Net Profit Surges 16% To Rs 3,700 Crore In March Quarter

HDFC Net Profit Surges 16% To Rs 3,700 Crore In March Quarter

Total income during the March 2022 quarter increased to Rs 12,308.46 crore from Rs 11,707.53 crore in the year-ago period.


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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
RBI Imposes Rs 1.12 Crore Penalty On Bank Of Maharashtra

RBI Imposes Rs 1.12 Crore Penalty On Bank Of Maharashtra

The penalty has been imposed for violation of provisions related to KYC, creation of a Central Repository of Large Common Exposures - Across Banks, and...


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...


22 April 2022
Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Finance Ministry Asks Banks To Strengthen Balance Sheet, Raise Capital From Market

Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including...


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...


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
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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