RBI bars Mahindra Finance from outsourcing loan recovery activity

RBI bars Mahindra Finance from outsourcing loan recovery activity

The Reserve Bank of India (RBI) today directed Mahindra & Mahindra Financial Services to immedia..

RBI cancels licence of Laxmi Co-op Bank

RBI cancels licence of Laxmi Co-op Bank

The Reserve Bank of India (RBI) today cancelled the licence of Maharashtra's Laxmi Co-operative Bank..

RBI lifts Central Bank of India out of PCA

RBI lifts Central Bank of India out of PCA

The Reserve Bank of India (RBI) has removed state-owned Central Bank of India from the prompt correc..

IBBI allows assets of stressed companies to be sold in parts

IBBI allows assets of stressed companies to be sold in parts

The Insolvency and Bankruptcy Board of India (IBBI) has allowed the part sale of assets of a company..

Companies flock back to banks for credit

Companies flock back to banks for credit

Something unusual happened in the sprawling loan market. HDFC Bank let go Rs 50,000 crore of wholesa..

Yes Bank approves sale of Rs 48,000-cr bad loans to JC Flowers ARC

Yes Bank approves sale of Rs 48,000-cr bad loans to JC Flowers ARC

Yes Bank’s board has approved the sale of stressed assets worth Rs 48,000 crore to JC Flowers ARC.Ye..

Banks to continue grabbing market share from housing finance companies

Banks to continue grabbing market share from housing finance companies

Banks will take away more home-loan market share from housing finance companies (HFCs) in FY23, a re..

Sanjay Khanna is American Express India CEO

Sanjay Khanna is American Express India CEO

American Express Banking Corp has appointed Sanjay Khanna as the chief executive officer and country..

Inflation rises to 7% in August

Inflation rises to 7% in August

India’s retail inflation has started to climb again, after declining for three months. The cons..

RBI Deputy Guv pitches for data law to protect customers’ privacy

RBI Deputy Guv pitches for data law to protect customers’ privacy

Reserve Bank of India (RBI) deputy governor T Rabi Sankar has urged for a law to protect customers' ..

Ujjivan SFB launches QIP

Ujjivan SFB launches QIP

Ujjivan Small Finance Bank (SFB) has launched its QIP (Qualified Institutional Placement) with a flo..

Bank of Maharashtra’s branch expansion strategy

Bank of Maharashtra’s branch expansion strategy

Bank of Maharashtra has decided to open 215 new branches within a year as it seeks to expand both it..

SBI dishonours cheque written in Kannada, fined Rs 85K

SBI dishonours cheque written in Kannada, fined Rs 85K

A State Bank of India (SBI) branch has been fined Rs 85,177 by a consumer forum in Karnataka for dis..

Bank of Maharashtra raises Rs 710 cr via bonds

Bank of Maharashtra raises Rs 710 cr via bonds

State-owned Bank of Maharashtra has raised Rs 710 crore from bonds to fund business growth. The..

IDFC First Bank joins ONDC

IDFC First Bank joins ONDC

IDFC First Bank has signed up as participant in the Open Network for Digital Commerce (ONDC), an ini..