SBI board approves Rs 10,000 cr fundraise via infra bonds

SBI board approves Rs 10,000 cr fundraise via infra bonds

State Bank of India (SBI) has approved raising Rs 10,000 crore through infrastructure bonds during t..

Credit growth accelerates to 17.2% in September quarter

Credit growth accelerates to 17.2% in September quarter

Bank credit growth accelerated to 17.2% in the September quarter from 7% a year ago and 14.2% in the..

Canara Bank launches electronic bank guarantee

Canara Bank launches electronic bank guarantee

Canara Bank launched an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance S..

Kaizad Bharucha is made HDFC Bank deputy MD

Kaizad Bharucha is made HDFC Bank deputy MD

HDFC Bank has appointed Kaizad Bharucha as deputy managing director, the lender said in an exchange ..

IDFC First Bank launches India’s first sticker-based debit card

IDFC First Bank launches India’s first sticker-based debit card

IDFC First Bank, in collaboration with the National Payments Corporation of India (NPCI), has launch..

SBI to consider raising Rs 10,000 cr via infra bonds

SBI to consider raising Rs 10,000 cr via infra bonds

State Bank of India (SBI) will consider raising funds by issuing up to Rs 10,000 crore of infrastruc..

PNB gets govt nod to divest entire stake in UTI AMC

PNB gets govt nod to divest entire stake in UTI AMC

State-owned Punjab National Bank (PNB) has received the government nod to divest its entire stake in..

Gautam Adani weighs $5 bn fundraise as banks urge deleveraging: Report

Gautam Adani weighs $5 bn fundraise as banks urge deleveraging: Report

Indian billionaire Gautam Adani is courting sovereign wealth funds in a push to raise roughly $5 bil..

NBFCs become one-fourth the size of commercial banks

NBFCs become one-fourth the size of commercial banks

The asset base of non-banking financial companies (NBFCs) has become almost a quarter of the balance..

Canara Bank, HDFC Bank get RBI nod for rupee trade with Russia

Canara Bank, HDFC Bank get RBI nod for rupee trade with Russia

The Reserve Bank of India (RBI) has allowed private lender HDFC Bank and state-run Canara Bank to op..

Govt appoints 10 executive directors for public sector banks

Govt appoints 10 executive directors for public sector banks

The government has approved the appointment of ten executive directors in various public sector bank..

DSP Investment Managers to buy 10% of Equitas SFB

DSP Investment Managers to buy 10% of Equitas SFB

DSP Investment Managers will buy a nearly 10% stake in Equitas Small Finance Bank for an undisclosed..

Govt extends tenure of public sector bank MDs to 10 years

Govt extends tenure of public sector bank MDs to 10 years

Aiming to provide stability at the top and retain talent, the government has raised the maximum tenu..

Uday Kotak’s son not in Kotak Mahindra Bank CEO race

Uday Kotak’s son not in Kotak Mahindra Bank CEO race

Kotak Mahindra Bank will not have Uday Kotak’s son in the race to replace him as the next chief exec..

SBI ups loan interest rates again

SBI ups loan interest rates again

State Bank of India (SBI) has hiked its marginal cost of funds-based lending rate (MCLR) across teno..