RBL Bank reported a net loss of Rs 459.47 crore for the June quarter as against a net profit of Rs 141 crore a year ago period.
Axis Bank will use Amazon Web Services to build portfolio of new digital financial services.
Union Bank of India restructures loans worth Rs 15,632 cr, of which Rs 6,833 crore is from retail segment; projects Rs 13,000 cr in recoveries and upgradations this fiscal.
Punjab & Sind Bank is one of the few banks to report steady growth both on its retail and corporate loans side in Q1 while keeping recoveries robust.
A Bank of Baroda customer who tried to enter the branch in Bareilly without wearing a mask was fired at his leg by the security guard; bank extends support to the victim.
After 5-year lock-in period, RBI allows IDFC to exit as promoter of IDFC First Bank; stage set for potential reverse merger between IDFC Ltd and IDFC First Bank Ltd.
After 5-year lock-in period, RBI allows IDFC to exit as promoter of IDFC First Bank; stage set for potential reverse merger between IDFC Ltd and IDFC First Bank Ltd.
Customers raised doubts about Karavannur Co-operative Bank’s shady dealings; case has been registered against the bank.
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Small demonstrations, pamphlet distributions and blood donation camps mark ‘Bank Nationalisation’ day even as bankers are restricted by Covid.
Second wave of coronavirus impacts 12% of HDFC Bank’s staff in Q1, leading to fall in retail loan originations, sale of third-party products, card spends and efficiency in collection efforts.
It is an ironical coincidence that the new session of parliament begins on the day we celebrate our 52nd bank nationalisation anniv, writes Devidas Tuljapurkar.
