PSU banks’ compensation against fraud rises over three-fold in FY24: FM

PSU banks’ compensation against fraud rises over three-fold in FY24: FM

Public sector banks have reported over three-fold jump in compensation towards frauds or e-frauds re..

Rupee slips to new low of 83.95 against US dollar

Rupee slips to new low of 83.95 against US dollar

The Indian rupee depreciated by 11 paise on Tuesday to touch a record low of 83.95 against the US do..

RBI sets guidelines to manage model risks in credit

RBI sets guidelines to manage model risks in credit

The Reserve Bank of India (RBI) has laid down broad principles for management of model risks in cred..

NPAs on Mudra loans fall significantly: Finance Minister

NPAs on Mudra loans fall significantly: Finance Minister

Non-performing assets (NPAs) on Mudra loans have seen a significant fall in both public and private ..

SBI’s net profit in 4 years is higher than previous 64, says Chairman Khara

SBI’s net profit in 4 years is higher than previous 64, says Chairman Khara

State Bank India's net profit for the past four years has been higher than the cumulative profit ear..

Customers of several co-operative, regional rural banks affected due to ransomware attack

Customers of several co-operative, regional rural banks affected due to ransomware attack

Customers of several co-operative banks and regional rural banks (RRBs) across the country were not ..

RBI issues norms to boost payment systems’ safety

RBI issues norms to boost payment systems’ safety

The Reserve Bank of India (RBI) today said non-bank payment system operators (PSOs) will have to put..

Govt rakes in Rs 98,681 cr from long-term capital gains on listed equities

Govt rakes in Rs 98,681 cr from long-term capital gains on listed equities

The government has mopped up Rs 98,681 crore from long term capital gains tax on listed equities in ..

RBI issues new norms for wilful defaulters

RBI issues new norms for wilful defaulters

The Reserve Bank of India (RBI) has issued new norms on wilful defaulters, directing banks and NBFCs..

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Chennai-headquartered Indian Bank plans to recover about Rs 7,000 crore of bad loans in the current ..

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

Public sector banks have charged depositors Rs 2,331 crore penalty for not maintaining monthly avera..

PNB’s journey under Goel to highest-ever quarter profit

PNB’s journey under Goel to highest-ever quarter profit

Punjab National Bank (PNB) has come a long way from the days of the Nirav Modi scam to reporting its..

Canara Bank Q1 net up 10.5%, asset quality improves

Canara Bank Q1 net up 10.5%, asset quality improves

Canara Bank’s net profit grew 10.5% year-on-year to Rs 3,905 crore for the quarter ended 30 June on ..

Canara Bank sets ball rolling on listing of two subsidiaries

Canara Bank sets ball rolling on listing of two subsidiaries

Canara Bank has set the ball rolling for stake sale in its life insurance and mutual fund subsidiari..

India needs to generate nearly 80 lakh jobs annually: Economic Survey

India needs to generate nearly 80 lakh jobs annually: Economic Survey

The Indian economy needs to generate nearly 78.5 lakh jobs annually until 2030 in the non-farm secto..