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.
State Bank of India raises Rs 3,717 crore through issuance of additional tier-1 bonds at coupon rate of 8.25%; bonds have ten-year call option.
Odisha circle aims to account for 3% of SBI’s total balance sheet by FY25, up from 2.72%; to add 30 branches.
Amid interest rate hikes, customers are taking longer time from inquiry to closure of home loans; many banks are growing home loans via inorganic growth.
Banks' credit growth doubled to 16.8% in October-December quarter from year earlier but was lower than preceding quarter which stood at 17.2%.
Union Bank of India gives its super mobile app a push; bank investing Rs 1,600 this fiscal in technology, up from Rs 1,000 crore in the year-ago period.
SBI’s MD Sreenivasulu Setty expects the bank’s overseas book to grow from stronger demand for external commercial borrowings by Indian companies in FY24 as domestic interest rates are rising.
IDFC First Bank’s board has approved allotment of 37.75 crore shares to a subsidiary of IDFC on preferential basis for Rs 2,196 crore.
