Madhivanan Balakrishnan has been elevated to the position of executive director and chief operating officer of IDFC First Bank following the Reserve Bank of India's approval.
Government appoints Swaminathan Janakiraman as RBI deputy governor for three years; he will succeed Mahesh Kumar Jain, whose tenure ends on 22 June.
Bank of Maharashtra presents dividend cheque of Rs 795.94 cr to Finance Minister Nirmala Sitharaman.
India’s retail inflation eases to 25-month low of 4.25% and falling below RBI’s upper tolerance limit of 6% for 3rd consecutive month.
State Bank of India will raise up to Rs 50,000 crore via debt instruments from Indian as well as overseas markets in the current fiscal.
India’s GDP growth is now on firm footing with urban demand showing good traction while the lagging rural demand is a cause of concern, according to a report by SBI.
About 85% of Rs 2,000 notes have returned in form of bank deposits, RBI Governor Shaktikanta Das said; no plans to re-introduce Rs 1,000 notes.
RBI permits RuPay to issue foreign currency cards, a move that will progressively bring it on par with global card networks such as Visa and Mastercard.
RBI keeps policy repo rate unchanged for second time in a row at 6.50% amid moderation in inflation; MPC votes 5 members to 1 to remain focused on withdrawal of accommodation.
A senior HDFC Bank official in Kolkata was suspended on Monday after a video went viral on social media where he was seen abusing his colleagues during an internal online meeting.
Ashwani Kumar replaces SS Prasad as MD and CEO of UCO Bank from 1 June; he moves in from Indian Bank where he served as ED.
IRDAI directs SBI Life Insurance to take over unit of Sahara India Life, following the company’s “continuous deterioration of financial position”.
IDFC First Bank posts its highest-ever quarterly profit of Rs 803 cr in Q4 and highest ever yearly profit of Rs 2,437 cr in FY23.
Withdrawal of Rs 2,000 notes is statutory exercise and decision to enable their exchange was taken for operational convenience, RBI tells Delhi HC; court reserves verdict.
Small queues at bank branches and confusion over requirement of officially valid identity cards marked first day of exchanging junked Rs 2,000 notes.
