Yes Bank transfers Rs 48,000 crore of bad loans to JC Flowers

Yes Bank transfers Rs 48,000 crore of bad loans to JC Flowers

Yes Bank has completed the transfer of bad loans worth Rs 48,000 crore to private equity firm J.C. F..

Banks to see record credit growth of Rs 19 trillion in FY23: ICRA

Banks to see record credit growth of Rs 19 trillion in FY23: ICRA

Bank credit growth is expected to touch a new high, surpassing the Rs 19 trillion in the current fis..

IDFC First Bank unveils ‘zero-fee banking’ on savings accounts

IDFC First Bank unveils ‘zero-fee banking’ on savings accounts

IDFC First Bank has waived charges on a number of customer-centric services such as cash deposits, w..

Govt, RBI take steps against Chinese loan apps

Govt, RBI take steps against Chinese loan apps

Government departments and the Reserve Bank of India (RBI) are taking coordinated steps to check Chi..

ICICI Bank hikes deposit rates by up to 60 bps

ICICI Bank hikes deposit rates by up to 60 bps

After HDFC Bank and SBI, ICICI Bank has raised interest rates on fixed deposits under Rs 2 crore wit..

IDBI Bank sale: Govt extends date for submission of EoI

IDBI Bank sale: Govt extends date for submission of EoI

The government has extended the deadline to submit expressions of interest (EoI) for buyout of its 6..

SBI ups lending rates by 25 bps

SBI ups lending rates by 25 bps

State Bank of India (SBI), India’s largest lender, has increased its marginal cost of funds-based le..

Axis Bank hikes interest rates on FDs to high of 7% for general public

Axis Bank hikes interest rates on FDs to high of 7% for general public

A month later, Axis Bank has increased interest rates once again on fixed deposits for amounts less ..

IDBI Bank moves NCLT against Zee Entertainment

IDBI Bank moves NCLT against Zee Entertainment

IDBI Bank has moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises L..

SBI hikes deposit rates by up to 65 bps

SBI hikes deposit rates by up to 65 bps

State Bank of India (SBI), the country’s top lender, has raised interest rates on fixed deposits ran..

HDFC Bank takes deposit rates up to 7% for general public

HDFC Bank takes deposit rates up to 7% for general public

Most of India’s banks have raised deposit rates as a step to mobilise deposit growth to fund a risin..

Yes Bank to issue shares, warrants to Carlyle Group, Advent International

Yes Bank to issue shares, warrants to Carlyle Group, Advent International

The board of Yes Bank has approved allotment of 361.61 crore equity shares and 255.97 crore warrants..

Banks write-off Rs 10 lakh crore of bad loans in last 5 financial years: FM

Banks write-off Rs 10 lakh crore of bad loans in last 5 financial years: FM

Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, fina..

Inflation falls below 6% for first time this year

Inflation falls below 6% for first time this year

India’s retail inflation fell below the Reserve Bank’s upper tolerance level of 6% for the first tim..

RBI shortlists 7 firms to use AI to improve regulatory supervision

RBI shortlists 7 firms to use AI to improve regulatory supervision

The Reserve Bank has shortlisted seven global consultancy firms to use artificial intelligence and m..