RBI to cut interest rates amid growth risks, slowing consumer demand?

RBI to cut interest rates amid growth risks, slowing consumer demand?

With consumer demand slowing and concerns being raised over the global economy, some economists say ..

SBI eyes stake sale in Yes Bank by March-end

SBI eyes stake sale in Yes Bank by March-end

Yes Bank, rescued in 2020 primarily by the country’s largest lender State Bank of India (SBI), is li..

RBI slaps fine on Union Bank, CSB Bank, Muthoot Housing

RBI slaps fine on Union Bank, CSB Bank, Muthoot Housing

The Reserve Bank of India (RBI) has imposed penalties on CSB Bank, Union Bank of India and Muthoot H..

PNB launches debit card for visually impaired

PNB launches debit card for visually impaired

State-run Punjab National  Bank has launched a braille debit card, designed specifically for th..

How CEOs of private banks got paid in FY24

How CEOs of private banks got paid in FY24

HDFC Bank managing director and CEO Sashidhar Jagdishan continues to be the highest paid bank chief ..

RBI tightens rules for housing finance companies

RBI tightens rules for housing finance companies

The Reserve Bank of India (RBI) has set tighter norms for housing finance companies (HFCs) to bring ..

Nirmala Sitharaman urges banks to have aggression on ‘small’ deposits

Nirmala Sitharaman urges banks to have aggression on ‘small’ deposits

Finance minister Nirmala Sitharaman has urged banks to focus on their core business and explore new ..

Banks increase loan rates as deposit costs rise

Banks increase loan rates as deposit costs rise

Consumer loans are getting costlier. Bank of Baroda, Canara Bank and UCO Bank have raised their benc..

Banking Laws (Amendment) Bill proposes significant changes

Banking Laws (Amendment) Bill proposes significant changes

The Banking Laws (Amendment) Bill, 2024, introduced today by Finance Minister Nirmala Sitharaman in ..

RBI keeps repo rate unchanged, retains GDP and inflation forecast for FY25

RBI keeps repo rate unchanged, retains GDP and inflation forecast for FY25

The Reserve Bank of India (RBI) has kept the repo rate unchanged for the ninth consecutive time whil..

RBI warns banks, NBFCs on gold, home loan top-up push

RBI warns banks, NBFCs on gold, home loan top-up push

The Reserve Bank of India (RBI) has warned against the surge in top-up  housing loans and point..

Cheques to now be cleared in a few hours

Cheques to now be cleared in a few hours

Now expect cheques to be cleared within hours, benefitting both the payer and the payee. The Re..

Union Bank of India revises deposit rates

Union Bank of India revises deposit rates

Union Bank of India has raised interest rates on fixed deposits. The state-run bank is offering a sp..

Setty to be SBI chairman from 28 August

Setty to be SBI chairman from 28 August

The government of India has appointed Challa Sreenivasulu Setty as the next chairman of State Bank o..

Banks write off Rs 9.90 lakh crore loans in last 5 years

Banks write off Rs 9.90 lakh crore loans in last 5 years

Indian banks have written off loans worth Rs 1.70 lakh crore in 2023-24, Minister of State for Finan..