RBI says 88% of Rs 2,000 notes returned to banks

RBI says 88% of Rs 2,000 notes returned to banks

As much as 88% of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking s..

Bank of India Q1 net up 176%, eyes 12% credit growth in FY24

Bank of India Q1 net up 176%, eyes 12% credit growth in FY24

Bank of India, which saw its net profit surge 176% in the first quarter of the current fiscal, hopes..

Banks recovered Rs 10 lakh cr from defaulters in last nine years

Banks recovered Rs 10 lakh cr from defaulters in last nine years

Banks have recovered over Rs 10 lakh crore from bad loans during the last nine financial years betwe..

SBI-led consortium to fund Adani’s Rs 34,000-cr PVC project in Mundra

SBI-led consortium to fund Adani’s Rs 34,000-cr PVC project in Mundra

A consortium of banks led by the State Bank of India (SBI) has agreed to finance a significant part ..

Bank of Maharashtra Q1 net surges 95%, eyes 22% credit growth in FY24

Bank of Maharashtra Q1 net surges 95%, eyes 22% credit growth in FY24

State-run Bank of Maharashtra reported fiscal first quarter net profit of Rs 882.08 crore, up 95.2% ..

RBI seeks to give customers freedom to choose card network

RBI seeks to give customers freedom to choose card network

In order to give customers the freedom to choose, the Reserve Bank of India (RBI) has asked banks an..

76% of Rs 2,000 notes returned to banks: RBI

76% of Rs 2,000 notes returned to banks: RBI

The Reserve Bank of India (RBI) on Monday said 76% of the Rs 2,000 notes have returned to banks sinc..

Bank of Maharashtra posts strong credit, deposit growth in June quarter

Bank of Maharashtra posts strong credit, deposit growth in June quarter

Bank of Maharashtra has seen a 24.93% jump in credit growth to Rs 1.75 lakh crore for the quarter en..

Bank of Baroda plans to divest 49% stake in credit card arm

Bank of Baroda plans to divest 49% stake in credit card arm

State-owned Bank of Baroda (BOB) plans to sell up to 49% stake in its credit card business arm, BOB ..

Net profit of state-run banks tripled to Rs 1.04 lakh crore in FY23

Net profit of state-run banks tripled to Rs 1.04 lakh crore in FY23

The profit of public sector banks (PSBs) in the last nine years has tripled to Rs 1.04 lakh crore du..

Credit card bad debt doubles to 18% for state-run banks: RBI

Credit card bad debt doubles to 18% for state-run banks: RBI

Bad debt from credit cards in public sector banks has doubled to 18% at the end of FY2023, the Reser..

Banks see credit, deposit growth in 2023

Banks see credit, deposit growth in 2023

Bank credit growth, which has been rising since early 2022, stood at 15.4% on 2 June 2023, according..

RBI fines Standard Chartered Bank, other entities

RBI fines Standard Chartered Bank, other entities

The Reserve Bank of India (RBI) has slapped penalties on Standard Chartered Bank-India, TransUnion C..

More than two-thirds of Rs 2,000 notes returned: RBI Governor

More than two-thirds of Rs 2,000 notes returned: RBI Governor

More than two-thirds of the Rs 2,000 currency notes have returned to the banking system a month afte..

Retail loans major contributor to bank credit growth

Retail loans major contributor to bank credit growth

India’s bank credit growth has been powered by retail lending over the last few years and this is cy..