RBI’s proposal to discourage banks from capitalising on penal charges and additional interest loan defaults could potentially weigh on lenders' revenues.
Under the MoU, IDFC First Bank will offer personalised finance options to customers looking to purchase Maruti Suzuki vehicles.
DBS Bank India will enter the affordable home loan segment during Q4; also plans to launch proprietary credit cards by June.
HDFC Bank will consider raising Rs 50,000 crore through bonds over the next 12 months on a private placement basis.
Despite RBI adopting a 'pause' policy, there's a strong possibility that interest rates would continue to climb. What made RBI Governor Shaktikanta Das say today’s monetary policy is a pause, not a pivot?
Bank of Maharashtra reports 30% credit growth and 15.7% rise in deposits for March quarter; total business crosses Rs 4 lakh crore milestone.
Canara Bank has introduced a premium payroll package for salary account holders; features include free term life insurance, Insta overdraft, free personal and air accident insurance coverage.
Driven by gold loans, Dhanlaxmi Bank’s gross advances rose 16.9% to Rs 9,867 crore; deposits up 7.5%.
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.
