SBI starts making loan recovery calls

SBI starts making loan recovery calls

India’s largest lender State Bank of India (SBI) will start making recovery calls from Friday as a s..

Post-SAT verdict, PNB Housing Finance plans to raise Rs 35,000 cr debt

Post-SAT verdict, PNB Housing Finance plans to raise Rs 35,000 cr debt

Halted by SAT’s split verdict on going ahead with the Rs 4,000 crore deal with the Carlyle group, Pu..

10 banks set up secondary market for corporate loans

10 banks set up secondary market for corporate loans

Ten major banks, including State Bank of India, ICICI Bank, Canara Bank and Standard Chartered Bank,..

RBI to fine banks if ATMs run dry

RBI to fine banks if ATMs run dry

The Reserve Bank of India (RBI) will impose penalty on banks in case ATMs run out of cash effective ..

SAT's split verdict likely to land Carlyle-PNB Housing deal in SC

SAT's split verdict likely to land Carlyle-PNB Housing deal in SC

With the Securities Appellate Tribunal (SAT) giving a split verdict in the plea filed by PNB Housing..

Bank of Baroda swings back to profit in Q1

Bank of Baroda swings back to profit in Q1

Bank of Baroda (BoB) is back in the black as it reported a standalone net profit of Rs 1,208.63 cror..

RBI leaves repo rate unchanged; ups inflation estimate

RBI leaves repo rate unchanged; ups inflation estimate

The Reserve Bank of India (RBI) has kept the key policy rate (repo rate) unchanged at 4% for the sev..

Stage set for recovery amid near-term challenges

Stage set for recovery amid near-term challenges

With the second wave of Covid-19 pandemic gradually subsiding and mobility restrictions easing, a re..

SBI reports record quarterly profit, net at Rs 6,504 cr

SBI reports record quarterly profit, net at Rs 6,504 cr

State Bank of India (SBI) reported its highest quarterly net profit, seeing a 55% surge in the June ..

The changing trends in the credit card marketplace

The changing trends in the credit card marketplace

The credit card marketplace is seeing some disruption, thanks to Covid-19 and the Reserve Bank of In..

Developments in Vodafone Idea a matter of concern for banks

Developments in Vodafone Idea a matter of concern for banks

Vodafone Idea’s debt of Rs 1.80 lakh crore is a matter of grave concern for the banking industry as ..

RBI extends deadline to implement new current account norms

RBI extends deadline to implement new current account norms

The Reserve Bank of India (RBI) has given banks further time till 31 October 2021 to streamline thei..

Bank of India Q1 net down 15% at Rs 720 crore

Bank of India Q1 net down 15% at Rs 720 crore

State-owned Bank of India reported a 14.7% drop in net profit to Rs 720 crore in the fiscal first qu..

IOB in talks with Union Bank of India to sell stake in Malaysian bank

IOB in talks with Union Bank of India to sell stake in Malaysian bank

Indian Overseas Bank (IOB) is in talks with the Union Bank of India to sell its 35% stake in India I..

PNB eyes recovery of Rs 14,000 cr in 3 qtrs; to shut 1,000 branches

PNB eyes recovery of Rs 14,000 cr in 3 qtrs; to shut 1,000 branches

Punjab National Bank (PNB) is looking to recover Rs 14,000 crore from bad loans during the three qua..