RBI slaps fine on Standard Chartered Bank

RBI slaps fine on Standard Chartered Bank

The Reserve Bank of India (RBI) has slapped a penalty of Rs 1.95 crore on Standard Chartered Bank fo..

Why PNB Housing Finance scrapped Rs 4,000-cr Carlyle deal

Why PNB Housing Finance scrapped Rs 4,000-cr Carlyle deal

Running into controversy and fearing prolonged legal hurdles, PNB Housing Finance has scrapped the R..

PMC Bank resolution at an advanced stage: RBI dpy guv

PMC Bank resolution at an advanced stage: RBI dpy guv

The resolution process for Punjab and Maharashtra Co-operative (PMC) Bank is at an advanced stage, a..

PNB to house credit card biz in subsidiary, offload stake in future

PNB to house credit card biz in subsidiary, offload stake in future

Punjab National Bank (PNB) will hive off its newly set up credit card business into a wholly owned s..

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

The coronavirus pandemic has only accelerated India’s need to have 4-5 more SBI sized banks, Finance..

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

State-owned Indian Overseas Bank (IOB), which is under the RBI’s prompt corrective action (PCA) list..

Retail loans march ahead of corporate credit amid Covid-19

Retail loans march ahead of corporate credit amid Covid-19

A surge in gold loans has pushed retail advances to the top of bank credit for the first time. Loans..

Crypto can’t be currency, needs regulation as asset: ex-RBI deputy Guv

Crypto can’t be currency, needs regulation as asset: ex-RBI deputy Guv

Crypto should be treated and regulated as a separate asset class to enable governments to effectivel..

Federal Bank partners Visa to launch credit card

Federal Bank partners Visa to launch credit card

The card comes in three variants and is presently being offered to the bank’s existing customers. Na..

Bank of Baroda ED to head Indian Bank from 1 Sep

Bank of Baroda ED to head Indian Bank from 1 Sep

Bank of Baroda on Monday said Shanti Lal Jain would cease to be its executive director from 1 Septem..

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Three chief executives and 10 executive directors of public sector banks have got tenure extensions...

FM Sitharaman on loan outreach, bank credit and insurance

FM Sitharaman on loan outreach, bank credit and insurance

Finance Minister Nirmala Sitharaman on Wednesday announced a district-wise credit outreach programme..

PSBs' pension contribution for staff hiked to 14%: Govt

PSBs' pension contribution for staff hiked to 14%: Govt

The government has decided to increase the public sector bank (PSB) contribution in New Pension Sche..

Troubled Ujjivan SFB puts Carol Furtado in interim charge

Troubled Ujjivan SFB puts Carol Furtado in interim charge

Rocked by losses, a sharp rise in bad loans and management issues, Ujjivan Small Finance Bank has pu..

MPC member Varma wants RBI reverse repo rate to be raised

MPC member Varma wants RBI reverse repo rate to be raised

Prof. Jayanth R Varma, the only monetary policy member (MPC) to vote against the Reserve Bank of Ind..