HDFC Bank’s advances grow to Rs 16 lakh crore as of March 2023; deposits up 20.8% to Rs 18.8 lakh crore.
Union Bank of India becomes first bank in country to open Special Rupee Vostro Account through its corresponding bank in Malaysia, India International Bank of Malaysia.
Amid a global banking turmoil, FM Nirmala Sitharaman asks chiefs of public sector banks to be more vigilant. But few believe Indian banks will collapse like Silicon Valley Bank and Credit Suisse.
Bank of Maharashtra’s branch will cater to the needs of the startups from inception to the issuance of IPO and FPO.
Public sector banks could recover only 14% of the written-off loans worth Rs 7.34 lakh crore in the last five years ending March 2022.
The Finance ministry has asked public sector banks to follow stricter monitoring of top corporate loan accounts amid a banking crisis in the US and Europe.
Finance Minister Nirmala Sitharaman asks state-run banks to remain vigilant about interest rate risks and regularly undertake stress tests.
India to maintain its pace of expansion achieved in FY23; RBI raises concern about inflation.
The National Company Law Tribunal has approved the HDFC-HDFC Bank merger.
Canara Bank, in collaboration with NPCI, has launched the Rupay Credit Card through UPI using the BHIM app.
RBI Governor Shaktikanta Das has been awarded the 'Governor of the Year' award for 2023 by Central Banking, an international economic research journal.
Punjab National Bank and Warehousing Development & Regulatory Authority have entered into MoU to promote financing against e-NWR.
State Bank of India will raise its base rate and Benchmark Prime Lending Rate from 15 March, a move that is set to increase the EMI amount for the borrowers.
Bank of Maharashtra has reduced home loan rates by 20 basis points to 8.40% as it seeks to attract new borrowers.
The project will help Kochi Metro users to pay digitally using their bank’s CBDC Wallets; Central Bank Digital Currency is in first phase of implementation with four banks.
