Interest rates to remain high for now, says RBI Guv

Interest rates to remain high for now, says RBI Guv

Amid the ongoing geopolitical crisis, Reserve Bank of India Governor Shaktikanta Das on Friday said ..

Central Bank of India Q2 net up 90% to Rs 605 cr

Central Bank of India Q2 net up 90% to Rs 605 cr

Central Bank of India has posted a 90% year-on-year rise in net profit to Rs 605 crore for the quart..

Google enters retail loan business in India

Google enters retail loan business in India

Google Pay will offer sachet loans for merchants and consumers, a move that it said would help small..

Post-merger, HDFC Bank’s NIM falls, bad loans rise

Post-merger, HDFC Bank’s NIM falls, bad loans rise

HDFC Bank has reported a sharp fall in its lending margin and a rise in bad loans on a sequential ba..

RBI slaps penalty on ICICI Bank, Kotak Mahindra Bank

RBI slaps penalty on ICICI Bank, Kotak Mahindra Bank

The Reserve Bank of India (RBI) has slapped a penalty of Rs 12.19 crore on ICICI Bank and Rs 3.95 cr..

RBI asks banks to tighten KYC norms

RBI asks banks to tighten KYC norms

The Reserve Bank of India (RBI) has asked banks and regulated entities to adopt a risk-based approac..

Bank of Maharashtra Q2 net up 72% to Rs 920 crore

Bank of Maharashtra Q2 net up 72% to Rs 920 crore

Bank of Maharashtra’s asset quality stayed stable and net interest income jumped as it reported a st..

IDBI Bank’s deferred tax assets at Rs 11,520 crore

IDBI Bank’s deferred tax assets at Rs 11,520 crore

The government has informed the prospective asset valuers of IDBI Bank that the lender has deferred ..

RBI fines Union Bank of India, RBL, Bajaj Finance over regulatory lapses

RBI fines Union Bank of India, RBL, Bajaj Finance over regulatory lapses

The Reserve Bank of India (RBI) has levied penalties on Union Bank of India, RBL Bank and Bajaj Fina..

Banks feel heat on CASA deposits as interest rates climb

Banks feel heat on CASA deposits as interest rates climb

Banks are seeing a dip in the low-cost CASA (current account savings account) deposits as part of th..

Retail inflation eases to 5.02% in September

Retail inflation eases to 5.02% in September

India’s retail inflation rate dropped below the Reserve Bank of India’s (RBI) upper tolerance limit ..

RBI fines 3 co-operative banks, one NBFC

RBI fines 3 co-operative banks, one NBFC

The Reserve Bank of India (RBI) has fined three co-operative banks and one non-banking financial com..

RBI penalises Paytm Payments Bank

RBI penalises Paytm Payments Bank

The Reserve Bank of India (RBI) has slapped a penalty of Rs 5.39 crore on Paytm Payments Bank Ltd fo..

SBI MF gets RBI nod to acquire 9.99% stake in IndusInd Bank

SBI MF gets RBI nod to acquire 9.99% stake in IndusInd Bank

The Reserve Bank of India (RBI) has given approval to SBI Mutual Fund to acquire up to 9.99% stake i..

Bank of Maharashtra raises deposit rates ahead of festive season

Bank of Maharashtra raises deposit rates ahead of festive season

Bank of Maharashtra has increased its fixed deposit rates by up to 125 basis points, or 1.25%, ahead..