Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

A week after Rs 9,000 crore was wrongly credited into a taxi driver’s account, Tamilnad Mercantile B..

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the licence of Mumbai-based Kapol Co-operative Bank du..

Govt mulls changes in IBC, insurers may get financial creditor status

Govt mulls changes in IBC, insurers may get financial creditor status

The government is considering making changes in the Insolvency and Bankruptcy Code (IBC) to consider..

IREDA inks MoU with Bank of Maharashtra to fund renewable energy projects

IREDA inks MoU with Bank of Maharashtra to fund renewable energy projects

State-owned Indian Renewable Energy Development Agency (IREDA) has signed an MoU with Bank of Mahara..

Federal Bank to add 100 branches in FY24 with eye on SME loans

Federal Bank to add 100 branches in FY24 with eye on SME loans

Kochi-based Federal Bank will add 100 branches this fiscal even as it increases its focus on lending..

ICICI Bank gets RBI nod to make I-Process wholly owned subsidiary

ICICI Bank gets RBI nod to make I-Process wholly owned subsidiary

The Reserve Bank of India (RBI) has given approval to ICICI Bank to make I-Process Services (India) ..

RBI mulls handing over frictionless credit platform to private firm

RBI mulls handing over frictionless credit platform to private firm

After launching a public tech platform last month for frictionless credit delivery, the Reserve Bank..

Fintechs need to set up self-regulatory body: RBI Guv

Fintechs need to set up self-regulatory body: RBI Guv

Fintech companies should set up a self-regulatory body within a year for an orderly growth of the in..

RBI allows pre-sanctioned credit lines through UPI

RBI allows pre-sanctioned credit lines through UPI

Expanding the scope of the UPI, the Reserve Bank of India on Monday said the payments interface syst..

Bank credit outstanding to real estate hits new high in July

Bank credit outstanding to real estate hits new high in July

A large-scale demand revival for housing has pushed bank credit to the real estate sector to an impr..

‘Am committed as stakeholder to see the bank grow’, says Uday Kotak

‘Am committed as stakeholder to see the bank grow’, says Uday Kotak

Billionaire banker Uday Kotak has resigned as managing director and CEO of Kotak Mahindra Bank, effe..

Need to pre-empt second-round impact of food price shocks on inflation: MPC

Need to pre-empt second-round impact of food price shocks on inflation: MPC

Inflation is very much on the Reserve Bank of India’s (RBI) radar as food prices spiral. RBI Go..

Old pension scheme needs updation, says bank union leader

Old pension scheme needs updation, says bank union leader

The Central Government and the Indian Banks’ Association (IBA) are sticking to their hard stance of ..

Banks need to follow these RBI rules at time of resetting loans

Banks need to follow these RBI rules at time of resetting loans

The Reserve Bank of India (RBI) has laid down the guidelines allowing individual borrowers of home, ..

Repo rate unchanged; other key highlights of RBI policy

Repo rate unchanged; other key highlights of RBI policy

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.50% for the third time in a ro..