Deadline for periodic KYC update extended till March 31

Deadline for periodic KYC update extended till March 31

With uncertainty prevailing due to the Omicron variant of Covid-19, the Reserve Bank of India (RBI) ..

Retail-led credit model face headwinds amid rise in home loan delinquencies: RBI

Retail-led credit model face headwinds amid rise in home loan delinquencies: RBI

With corporate credit staying sluggish for quite some time now, banks had turned aggressively to the..

No prior RBI nod needed for NRIs, OCIs to buy or sell immovable properties in India

No prior RBI nod needed for NRIs, OCIs to buy or sell immovable properties in India

Non-resident Indians (NRIs) and overseas citizens of India (OCIs) do not require the Reserve Bank of..

How Troubled is RBL Bank?

How Troubled is RBL Bank?

In the final week preceding the New Year, there is new worry about the health of a bank. After Yes B..

Policy support needed amid uncertainty: RBI Guv

Policy support needed amid uncertainty: RBI Guv

The Reserve Bank of India (RBI) will continue its policy support to push forward a durable, broad-ba..

Banks need additional $70bn to support $5-tn economy: SBI chairman

Banks need additional $70bn to support $5-tn economy: SBI chairman

Though well-capitalised, the banking system will require fresh capital of $70 billion to support Ind..

Inflation needs more RBI attention

Inflation needs more RBI attention

The coronavirus pandemic has pushed the Reserve Bank of India (RBI) into a corner. While the central..

Paytm gets RBI nod to function as scheduled payments bank

Paytm gets RBI nod to function as scheduled payments bank

Payments Bank Limited (PPBL), a unit of leading digital payments firm Paytm, has got the Reserve Ban..

SBI’s massive bad-loan cleanup paved way for record profits

SBI’s massive bad-loan cleanup paved way for record profits

The State Bank of India’s string of record quarterly profits has come after a massive clean-up of ba..

RBI supersedes Reliance Capital board amid defaults, governance concerns

RBI supersedes Reliance Capital board amid defaults, governance concerns

Another Anil Ambani-controlled company has tumbled down. The Reserve Bank of India (RBI) on Monday s..

Server glitch but no sensitive customer info exposed: PNB

Server glitch but no sensitive customer info exposed: PNB

Punjab National Bank (PNB) has admitted that its servers had a glitch but denied allegations that th..

Former SBI chairman arrested in loan scam case

Former SBI chairman arrested in loan scam case

Former State Bank of India (SBI) chairman Pratip Chaudhuri  was arrested from his home in Delhi..

Punjab National Bank CEO’s outlook on asset quality, recoveries and credit growth

Punjab National Bank CEO’s outlook on asset quality, recoveries and credit growth

A fall in bad loans, better recoveries and stronger credit growth is how managing director and chief..

Rajneesh Karnatak joins Union Bank of India as ED

Rajneesh Karnatak joins Union Bank of India as ED

Rajneesh Karnatak has joined Union Bank of India as executive director. He comes with a banking expe..

Federal Bank Q2 net surges 50%

Federal Bank Q2 net surges 50%

Kerala-headquartered Federal Bank reported a 50% jump in net profit to Rs 460.26 crore for the fisca..