Moody's upgrades India GDP forecast to (-) 8.9% in 2020

Moody's upgrades India GDP forecast to (-) 8.9% in 2020

Moody's Investors Service has revised upwards its GDP forecasts for India to (-) 8.9% contraction in..

DBS to rescue Lakshmi Vilas Bank; RBI imposes moratorium

DBS to rescue Lakshmi Vilas Bank; RBI imposes moratorium

After a tumultuous year, the Reserve Bank of India (RBI) imposed a one-month moratorium on Lakshmi V..

Lack of corporate governance led to the mess in Yes Bank

Lack of corporate governance led to the mess in Yes Bank

After being put in charge of a dying bank, are you satisfied with the recovery progress?Yes Bank was..

FM Sitharaman's Rs 10,000-cr package to boost rural employment

FM Sitharaman's Rs 10,000-cr package to boost rural employment

orming part of the Centre's economic stimulus, Finance Minister Nirmala Sitharaman has announced an ..

FM Nirmala Sitharaman announces Rs 2.65 lakh cr stimulus package

FM Nirmala Sitharaman announces Rs 2.65 lakh cr stimulus package

Finance Minister Nirmala Sitharaman has announced as many as 12 measures to ignite growth in the man..

ICICI Bank's mortgage loans cross 2 trillion

ICICI Bank's mortgage loans cross 2 trillion

ICICI Bank is back to doing what it is best at-firing the retail loan engine as lower property price..

Household financial savings soar to 21.4% of GDP amid Covid: RBI

Household financial savings soar to 21.4% of GDP amid Covid: RBI

The outbreak of the coronavirus has led Indian households to save much more in the June quarter of t..

All bank accounts should be linked with Aadhaar by March 2021: FM

All bank accounts should be linked with Aadhaar by March 2021: FM

Banks must ensure that all accounts are linked with Aadhaar numbers of respective customers by 31 Ma..

Central Bank Q2 net up 20% at Rs 161 cr

Central Bank Q2 net up 20% at Rs 161 cr

Central Bank of India has reported over 20% rise in its fiscal second quarter net profit to Rs 161 c..

NBFCs should have incentives to convert into banks: RBI Dy Guv

NBFCs should have incentives to convert into banks: RBI Dy Guv

Non-banking financial companies (NBFCs) should have incentives either to convert into a commercial b..

Union Bank Q2 net up 55% at Rs 517 cr

Union Bank Q2 net up 55% at Rs 517 cr

State-owned Union Bank of India's fiscal second quarter net profit jumped 55.3% to Rs 517 crore. In ..

Bank of India Q2 net jumps as NPAs better

Bank of India Q2 net jumps as NPAs better

Bank of India Q2 Bank of India has posted over two-fold jump in consolidated net profit to Rs 543.47..

SBI Q2 net up 52%, retail drives loan growth

SBI Q2 net up 52%, retail drives loan growth

State Bank of India reported a 52% rise in net profit to Rs 4,574 crore for the quarter ended 30 Sep..

Former HDFC Bank boss picks up senior adviser role at Carlyle

Former HDFC Bank boss picks up senior adviser role at Carlyle

Just a few days after his retirement at HDFC Bank, Aditya Puri has picked up a new role. Carlyle Gro..

Will Uday Kotak's conservatism give way to risky bets?

Will Uday Kotak's conservatism give way to risky bets?

There is no doubt in anyone's mind on which side of the fence billionaire banker Uday Kotak would li..