During the PSB review meeting, she emphasised that the banks should undertake due diligence and adhere to the regulatory framework by focusing on risk management and diversification of deposits and assets base
The Reserve Bank of India is evaluating the details of some of the major banks who have exposure to the Adani Group
This partnership would allow customers to bring home their favourite Honda vehicles through financing options provided by the bank
Net interest income or NII is the main revenue head for banks and is the difference between interest earned on advances and the interest paid to depositors/funds raised from markets
Prior to taking up this responsibility, he was in Bank of Baroda serving as its chief general manager and chief technology officer
The government's intent to take up privatisation of two PSBs and approval of a policy of strategic disinvestment of PSEs was announced in the Union Budget 2021-22
UCO Bank, Union Bank of India and Indian Bank also recorded profit growth of over 100 per cent
The amalgamation also enhanced their lending capacity for loans of a larger size and has also enabled banks to open/reorganise, controlling offices and processing centres, equipping them for better customer serving
Pensioners can submit their Jeevan Praman Patra (Proof of life certificate) from their home through doorstep banking services offered by 12 public sector banks...
Bank of Baroda (BoB) has enlisted on the Account Aggregator (AA) platform with a personal loan product to capitalise on the festive sales season.
Subbarao said the government should also be thinking about corporatisation of public sector banks so that they come within the umbrella of uniform RBI...
The RBI on Friday said a research paper favouring gradual privatisation of public sector banks (PSBs) is not its view but that of the authors of the report.
On July 19, 1969, the then government nationalised the 14 largest private commercial banks. The significant impact of the change was the expansion of banking...
Congress leader Jairam Ramesh said public sector banks must be equipped to face competition and selling them to a chosen few will prove disastrous.
During the half-day long meeting with the CEOs of public sector banks, she also asked them to help Regional Rural Banks (RRBs) in technology improvement
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
Guidelines for selection of general managers and directors of public sector general insurance companies have been made part of FSIB, sources said
Last week during the Iconic Week celebration of the finance ministry, banks conducted outreach programs across the country where eligible borrowers have...
Banks would be urged to sanction loans for productive sectors to accelerate revival of the economy facing headwinds including from Russia-Ukraine war, sources...
The Union Cabinet on June 14 approved a short-term recruitment scheme for the armed forces called Agnipath. The youths selected under this scheme will be known...
The Finance Ministry said all districts of the country are prepared to entertain customers and the public at large with their queries on the credit facility...
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...
HDFC hikes retail prime lending rate by 30 basis points. Other public, private sector banks expected to follow suit
Financial Services Secretary Sanjay Malhotra exuded confidence that public sector banks will continue to strive and perform better on all metrics, including...
If you are planning to buy a new car, it’s important to be aware of the various costs attached.
