RBI ups IMPS limit to Rs 5 lakh

RBI ups IMPS limit to Rs 5 lakh

In a bid to promote digital transactions, the Reserve Bank of India (RBI) has raised the limit to tr..

Bandhan Bank’s collection efficiency improves to 90% as Covid eases

Bandhan Bank’s collection efficiency improves to 90% as Covid eases

Even as the coronavirus pandemic eased relatively in the fiscal second quarter, Bandhan Bank improve..

RBI signals shift from easy-money policy

RBI signals shift from easy-money policy

The Reserve Bank of India (RBI) continued to keep the key lending rate unchanged at 4%, but seemed t..

NCLT directs Zee board to hold meet on Invesco’s plea

NCLT directs Zee board to hold meet on Invesco’s plea

The National Company Law Tribunal (NCLT) has directed Zee Entertainment Enterprises Ltd (ZEEL) to ho..

RBI lifts Indian Overseas Bank out of PCA curbs

RBI lifts Indian Overseas Bank out of PCA curbs

The Reserve Bank of India (RBI) has pulled Indian Overseas Bank (IOB) out of the prompt corrective a..

Invesco moves ZEEL to NCLT over EGM date for CEO’s ouster

Invesco moves ZEEL to NCLT over EGM date for CEO’s ouster

Invesco has moved the National Company Law Tribunal (NCLT) against Zee Entertainment Enterprises Ltd..

The rise in retail loan auctions

The rise in retail loan auctions

Auctions of retail loans are on a sharp rise at a level never seen before in India as non-banking fi..

PNB to house credit card biz in subsidiary, offload stake in future

PNB to house credit card biz in subsidiary, offload stake in future

Punjab National Bank (PNB) will hive off its newly set up credit card business into a wholly owned s..

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

The coronavirus pandemic has only accelerated India’s need to have 4-5 more SBI sized banks, Finance..

Banks can sell fraud loans to ARCs: RBI

Banks can sell fraud loans to ARCs: RBI

The Reserve Bank of India (RBI) has allowed lenders to sell loans classified as fraud to asset recon..

SBI Card looks to sell Rs 200 cr of bad loans to ARCs in Q2

SBI Card looks to sell Rs 200 cr of bad loans to ARCs in Q2

SBI Cards & Payment Services (SBI Card), India’s only listed pure-play credit card company, is s..

21 co-operative bank depositors to get up to Rs 5 lakh from DICGC

21 co-operative bank depositors to get up to Rs 5 lakh from DICGC

Depositors of Punjab & Maharashtra Co-operative (PMC) Bank and 20 other stressed co-operative ba..

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

State-owned Indian Overseas Bank (IOB), which is under the RBI’s prompt corrective action (PCA) list..

Bad bank gets Rs 30,600 cr govt guarantee support

Bad bank gets Rs 30,600 cr govt guarantee support

The government has set an ambitious plan for the country’s first bad bank, which will get to handle ..

Banks cut rates on retail loans to boost demand

Banks cut rates on retail loans to boost demand

Banks are luring customers with lower interest rates as part of a festive offer as the market has sh..