UCO Bank’s Rajendra Kumar Saboo has been given the additional charge of MD and CEO until 31 August 2026.
State Bank of India board gives approval for Rs 60,000 crore fundraising in FY27 through issuances in rupee and foreign currencies; funds to support business growth and shore up capital base.
RBI approves extension of Keki Mistry's tenure as interim chairman at HDFC Bank for three months till 18 September.
Temporary withdrawal of cap on fresh FCNR deposits until 30 September will allow banks greater flexibility to offer higher returns to attract foreign capital.
RBI’s forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract $60-70 bn in foreign capital and support rupee, India Ratings and Research said.
RBI allows banks to lend to REITs and InvITs; keeps key prudential safeguards on exposure limits, asset quality and repayment structures.
Punjab National Bank looking to raise $2.5 bn to $3 bn through FCNR route following RBI’s new measures, says CEO Ashok Chandra.
RBI introduces swap facility for fresh FCNR (B) deposits with maturities of 3-5 years to attract foreign capital and support rupee; ECBs with swap facility offered to PSUs.
RBI keeps repo rate unchanged at 5.25% while revising forecast on inflation and growth for FY27; introduces measures to attract foreign capital and support rupee.
Under RBI’s proposed changes, banks will be required to publish on their websites interest rates on deposits before the start of each business day (UPDATED).
Gross NPAs of private sector banks stood at Rs 1.34 lakh crore as on 30 September 2024, said MoS for Finance Pankaj Chaudhary; this as percentage of outstanding loan is 1.86% in private sector banks.
CRIF data shows high-ticket loans gain preference in FY25 amid rising stress in small borrowers, increased caution, evolving risks and broad-based moderation in credit growth.
Public sector banks account for Rs 58,330 crore of unclaimed deposits and Rs 8,673 cr is from private lenders; SBI tops list with Rs 19,329 cr.
Public sector banks have identified 1,629 corporate borrowers as wilful defaulters, owing loan dues of Rs 1.62 lakh crore as of 31 March 2025.
Public sector banks have written off a whopping Rs 12.08 lakh crore in the last nine fiscals; gross NPA ratio has dropped from 9.11% in FY21 to 2.58% in FY25.
ABG Shipyard sits at top of wilful defaulters list with Rs 6,695 crore due to banks, according to FM Nirmala Sitharaman; Gitanjali Gems, Beta Napthol and Rakesh Wadhawan follow.
