RBI sets up external working group on ECL provisioning by banks

RBI sets up external working group on ECL provisioning by banks

The Reserve Bank of India (RBI) has set up an external working group on expected credit loss (ECL) b..

Post-merger, HDFC Bank’s CASA dips; surge in credit, deposits

Post-merger, HDFC Bank’s CASA dips; surge in credit, deposits

In the first quarter after merging with mortgage financier HDFC Ltd, private sector lender HDFC Bank..

Dhanlaxmi Bank posts 13% loan growth in Q2

Dhanlaxmi Bank posts 13% loan growth in Q2

Despite being caught in a controversy when independent director Sridhar Kalyanasundaram levelled cha..

RBI cancels licence of Lucknow Urban Co-operative Bank

RBI cancels licence of Lucknow Urban Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the banking licence of Lucknow Urban Co-operative Bank..

IFC gets RBI nod to acquire 9.7% stake in Federal Bank

IFC gets RBI nod to acquire 9.7% stake in Federal Bank

The Reserve Bank of India (RBI) has given approval to International Finance Corporation (IFC) to acq..

RBI extends deadline to exchange Rs 2,000  notes at banks to 7 October

RBI extends deadline to exchange Rs 2,000 notes at banks to 7 October

The Reserve Bank of India (RBI) has extended the deadline to exchange and deposit Rs 2,000 bank note..

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

A week after Rs 9,000 crore was wrongly credited into a taxi driver’s account, Tamilnad Mercantile B..

Bank of Maharashtra hires Pradeep Srivastava as CTO

Bank of Maharashtra hires Pradeep Srivastava as CTO

Bank of Maharashtra has appointed Pradeep Kumar Srivastava as chief technology officer (CTO) with ef..

RBI cancels licence of Nashik Zilla Girna Sahakari Bank

RBI cancels licence of Nashik Zilla Girna Sahakari Bank

Reserve Bank of India (RBI) has cancelled the banking licence of Nashik Zilla Girna Sahakari Bank Li..

RBI clears Madhusoodanan as Dhanlaxmi Bank chairman

RBI clears Madhusoodanan as Dhanlaxmi Bank chairman

The Reserve Bank of India (RBI) has cleared the appointment of KN Madhusoodanan as a part-time chair..

RBI not comfortable with NPAs in urban co-op banks

RBI not comfortable with NPAs in urban co-op banks

The Reserve Bank of India (RBI) is “not comfortable” with the gross non-performing assets (NPAs) rat..

RBI fines SBI, Indian Bank, Punjab & Sind Bank

RBI fines SBI, Indian Bank, Punjab & Sind Bank

Reserve Bank of India (RBI) has fined three state-owned banks, including SBI, Indian Bank and Punjab..

RBI Guv warns of excessive dominance by few board members at banks

RBI Guv warns of excessive dominance by few board members at banks

The Reserve Bank of India (RBI) has noticed "excessive dominance" by one or two board members even i..

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the licence of Mumbai-based Kapol Co-operative Bank du..

Govt mulls changes in IBC, insurers may get financial creditor status

Govt mulls changes in IBC, insurers may get financial creditor status

The government is considering making changes in the Insolvency and Bankruptcy Code (IBC) to consider..