Canara Bank signs MoU with Karnataka State Police for premium payroll accounts.
Private lenders have raised interest rates on personal loans by 30-50bps after RBI terms them riskier in November 2023.
Govt keeps interest rates on PPF, Senior Citizen Savings Scheme, Sukanya Samriddhi, NSC and other small savings schemes unchanged for July-September quarter.
A government panel recommends Challa Sreenivasulu Setty’s name as next SBI chairman, after interviewing three MDs including Ashwini Tewari and Vinay Tonse for the post.
AIBOC and AIBEA demand merger of regional rural banks with their respective sponsor banks.
RBI raises concerns about consumer credit; says more than half of borrowers in the segment have at least three loans running at same time.
Sharp fall in bad loans of Indian banks to 2.8% and strong GDP numbers will help in sustaining growth momentum and withstanding global shocks, RBI's Financial Stability Report said.
Objective is to fund short-term foreign exchange liquidity requirements or balance of payment crises of the SAARC countries.
This is fifth infrastructure bond issuance launched by State Bank of India; it will encourage other banks to issue bonds of longer tenor, says SBI chairman Dinesh Khara.
Canara Bank regains complete control of its official X page; bank’s account on social media platform X was ‘compromised’ on 23 June.
All concerned teams are investigating and working closely with X to regain access to Canara Bank X handle at the earliest, Canara Bank said.
Government receives dividend cheque of Rs 6,959.29 crore for FY 2023-24 from the State Bank of India.
Stubborn food prices are responsible for slow pace of decline in overall retail inflation, RBI Governor Shaktikanta Das said while voting for status in policy rates earlier this month.
Ajith Kumar takes charge as managing director & CEO of Dhanlaxmi Bank for a three-year period; he replaces JK Shivan.
India’s retail inflation cooled to a one-year low of 4.75% in May, led mainly by a drop in prices of some kitchen items.
