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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.

25 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...

24 April 2022

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...

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...

20 April 2022

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...

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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...


30 March 2022
Citibank To Sell Consumer Business In India To Axis Bank, Announcement Today: Report

Citibank To Sell Consumer Business In India To Axis Bank, Announcement Today: Report

The development comes almost a year after Citibank had announced in April last year, that it will exit consumer business in 13 countries including India, as...


29 March 2022
Banking Services Hit Partially On Second Day Of Strike

Banking Services Hit Partially On Second Day Of Strike

Transactions at many public sector banks were impacted as employees did not report for duty. Besides, there were delays in cheque clearances and government...


10 March 2022
Bank Credit Grows By 7.9%; Deposits Up By 8.6%

Bank Credit Grows By 7.9%; Deposits Up By 8.6%

In the previous week ended February 11, 2022, bank credit grew by 7.86 per cent and deposits by 9.11 per cent


02 March 2022
Indian Banks Panic As Trade Settlements With Russia Stall Amid Ukraine Crisis

Indian Banks Panic As Trade Settlements With Russia Stall Amid Ukraine Crisis

The Reserve Bank of India has met with select bankers and is trying to assess the exposure that lenders have to Russia and Ukraine


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27 February 2022
Government To Provide Capital Support Mostly To Weak Public Sector Banks

Government To Provide Capital Support Mostly To Weak Public Sector Banks

The capital infusion of Rs 15,000 crore would go mostly to banks that had got money through non-interest-bearing bonds in the previous year as the RBI had...


24 February 2022
Bank Credit Grows By 7.86%; Deposits By 9.11%

Bank Credit Grows By 7.86%; Deposits By 9.11%

In the fortnight ended February 12, 2021, bank advances stood at Rs 107.03 lakh crore and deposits at Rs 147.81 lakh crore.


23 February 2022
Rs 18,000 Crore Recovered From Vijay Mallya, Nirav Modi And Mehul Choksi: Government Tells SC

Rs 18,000 Crore Recovered From Vijay Mallya, Nirav Modi And Mehul Choksi: Government Tells SC

Solicitor General Tushar Mehta who was appearing for the Centre told the bench that total proceeds of crimes under the Prevention of Money Laundering Act...


21 February 2022
Gold Loan NBFCs May Adopt Aggressive Growth Strategies Amid Competition From Banks, Says Report

Gold Loan NBFCs May Adopt Aggressive Growth Strategies Amid Competition From Banks, Says Report

Gold loan portfolio across banks has jumped by more than 89 per cent year-on-year to Rs 60,700 crore in FY21 and Rs 70,900 crore in the first nine months of...


14 February 2022
India Needs To Develop A Market For Distressed Assets, Says Report

India Needs To Develop A Market For Distressed Assets, Says Report

The report said, to free up banks so they can focus on new lending and to reduce the burden on their resources for debt collection, there is a dire need to...


17 January 2022
Banks Propose For Lowering Of Tax-Free FD Tenure To 3 Years

Banks Propose For Lowering Of Tax-Free FD Tenure To 3 Years

Currently, the tax break is available on 5-year tax-saving FD schemes. One can claim an income tax deduction by investing money in a five-year FD scheme under...


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