Dhanlaxmi Bank posts strong credit growth in FY23

Dhanlaxmi Bank posts strong credit growth in FY23

Kerala-headquartered Dhanlaxmi Bank has reported a strong business year with credit growing by 16.85..

HDFC Bank Q4 loan book up 17%, deposits jump 21%

HDFC Bank Q4 loan book up 17%, deposits jump 21%

HDFC Bank’s loan book grew nearly 17% year-on-year for the fiscal fourth quarter ended March while d..

Union Bank of India facilitates India-Malaysia trade in rupee

Union Bank of India facilitates India-Malaysia trade in rupee

India and Malaysia can settle their trade in Indian rupee through an operational mechanism facilitat..

Why Indian banks need to worry less about demise of SVB

Why Indian banks need to worry less about demise of SVB

On 25 March, Finance Minister Nirmala Sitharaman asked the chiefs of state-run banks to be more vigi..

Bank of Maharashtra opens first branch for startups in Pune

Bank of Maharashtra opens first branch for startups in Pune

State-run Bank of Maharashtra has opened its first dedicated branch for startups in Pune.  ..

State-run banks recover 14% of written-off loans in last 5 years

State-run banks recover 14% of written-off loans in last 5 years

Banks continue to struggle to recover written-off loans. They have tried various actions like moving..

Centre asks PSU banks to monitor top loan accounts

Centre asks PSU banks to monitor top loan accounts

The Finance ministry has asked public sector banks (PSBs) to follow stricter monitoring of top corpo..

FM Sitharaman reviews PSBs’ preparedness amid banking crisis in US, Europe

FM Sitharaman reviews PSBs’ preparedness amid banking crisis in US, Europe

Amid turbulence across the global banking sector, Finance Minister Nirmala Sitharaman has asked stat..

US Federal Reserve raises interest rates by 25 basis points

US Federal Reserve raises interest rates by 25 basis points

The Federal Reserve has hiked interest rates by another quarter of a percentage point to a range of ..

Canara Bank sells JV stake in Russia to SBI for Rs 121 crore

Canara Bank sells JV stake in Russia to SBI for Rs 121 crore

Canara Bank has sold its stake in Commercial Indo Bank LLC (CIBL) to joint venture partner State Ban..

RBI fines RBL Bank relating to loan recovery agents

RBI fines RBL Bank relating to loan recovery agents

The Reserve Bank of India (RBI) has fined private lender RBL Bank Ltd Rs 2.27 crore for not complyin..

 Indian economy not to slow down in FY24: RBI article

Indian economy not to slow down in FY24: RBI article

Unlike the global trend, the Indian economy will not slow down and maintain its pace of expansion ac..

UBS to buy Credit Suisse for $3.25bn

UBS to buy Credit Suisse for $3.25bn

Backed by the Swiss government and the regulators, UBS has agreed to acquire its troubled rival Cred..

RBI slaps Rs 5 lakh penalty on HDFC

RBI slaps Rs 5 lakh penalty on HDFC

The Reserve Bank of India (RBI) has slapped a penalty of Rs 5 lakh on Housing Development Finance Co..

NCLT approves HDFC-HDFC Bank merger

NCLT approves HDFC-HDFC Bank merger

The National Company Law Tribunal (NCLT) on Friday has approved the HDFC-HDFC Bank merger.The propos..