RBI’s CRR hike move to impact margins of banks in Q2

RBI’s CRR hike move to impact margins of banks in Q2

The margins of banks will be impacted and temporary liquidity mismatches created for some of them af..

Union Bank of India gets new aggression to chase targets

Union Bank of India gets new aggression to chase targets

Just after Union Bank of India posted its highest-ever operating profit of Rs 25,467 crore in FY23, ..

Rate cut unlikely in FY24 as RBI revises inflation forecast

Rate cut unlikely in FY24 as RBI revises inflation forecast

The Reserve Bank of India (RBI) will most likely not go for an interest-rate cut in the current fina..

Bank of Maharashtra drops home, car loan rates by up to 20 bps

Bank of Maharashtra drops home, car loan rates by up to 20 bps

State-owned Bank of Maharashtra has cut the interest rate on home and car loans by up to 20 basis po..

Funding is main risk post-merger, says HDFC Bank CEO Jagdishan

Funding is main risk post-merger, says HDFC Bank CEO Jagdishan

Funding is the main challenge HDFC Bank faces after the $40-billion amalgamation with its parent HDF..

Canara Bank, Bank of Baroda raise lending rates

Canara Bank, Bank of Baroda raise lending rates

Canara Bank and Bank of Baroda have raised the marginal cost of funds-based lending rates (MCLR) by ..

Repo rate unchanged; other key highlights of RBI policy

Repo rate unchanged; other key highlights of RBI policy

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.50% for the third time in a ro..

RBI to come out with guidelines on resetting tenor, EMI of home loans

RBI to come out with guidelines on resetting tenor, EMI of home loans

In the backdrop of the repayment period of home and other loans getting elongated due to stress from..

RBI Governor’s address on repo rate, CRR, GDP, inflation

RBI Governor’s address on repo rate, CRR, GDP, inflation

RBI Governor Shaktikanta Das explained on the central bank’s decision to retain the repo rate at 6.5..

Major banks mop up Rs 35,000 crore as charges from customers

Major banks mop up Rs 35,000 crore as charges from customers

Major banks have mopped up over Rs 35,000 crore as penal charges in the five years since 2018 for no..

SBI rules out IPO for YONO

SBI rules out IPO for YONO

State Bank of India (SBI) has decided not to list YONO, the state-owned lender’s integrated digital ..

Government renews guarantee of Rs 27,000 crore to NARCL

Government renews guarantee of Rs 27,000 crore to NARCL

After a gap, the government has renewed guarantees of Rs 27,000 crore to the state-backed National A..

Public sector banks more than double their profits in Q1

Public sector banks more than double their profits in Q1

Public sector banks (PSBs) have more than doubled their profits to Rs 34,774 crore in the fisca..

Canara Bank’s Gold Loan Push

Canara Bank’s Gold Loan Push

Bengaluru-headquartered Canara Bank has set up 500 jewel loan shops in its branches to expand its go..

Banks write-off Rs 14.56 lakh crore of bad loans in nine years: Karad

Banks write-off Rs 14.56 lakh crore of bad loans in nine years: Karad

Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting..