Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks have jumped 26% year-on-year to Rs 78,213 crore at the end of March 20..

RBI to allow opening of rupee accounts overseas

RBI to allow opening of rupee accounts overseas

In a strategic drive to internationalise the domestic currency, the Reserve Bank of India (RBI) has ..

Counterfeit of Rs 2,000 notes more than double

Counterfeit of Rs 2,000 notes more than double

Counterfeit notes detected of Rs 2,000 denomination jumped in 2023-24 to 26,035 pieces in 2023-24 fr..

RBI’s whip on Edelweiss ARC, ECL Finance

RBI’s whip on Edelweiss ARC, ECL Finance

Two of Edelweiss’s group companies are in trouble. The Reserve Bank of India (RBI) has imposed busin..

Why banks worry as RBI aims to tighten project finance norms

Why banks worry as RBI aims to tighten project finance norms

The unanticipated contest between the Great Indian Bustard and the solar energy companies in vast tr..

Ujjivan SFB to fix timelines for universal bank transition in FY25

Ujjivan SFB to fix timelines for universal bank transition in FY25

RBI has recently issued conditions for voluntary transition of small finance banks (SFBs) to a unive..

RBI’s record dividend gift to ease fiscal deficit

RBI’s record dividend gift to ease fiscal deficit

The Reserve Bank of India’s record Rs 2.1 lakh crore dividend payout to the government for FY24 will..

New interview date for SBI chairman’s post after poll results

New interview date for SBI chairman’s post after poll results

The contenders for the post of chairman of State Bank of India (SBI) will have to wait for another i..

IDFC First Bank shareholders approve merger of IDFC Ltd with lender

IDFC First Bank shareholders approve merger of IDFC Ltd with lender

IDFC First Bank’s shareholders and non-convertible debenture (NCD) holders have approved a proposal ..

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra has posted the highest growth rate last fiscal in terms of total business and de..

HDFC Bank gets $500mn from IFC to push micro loans to women

HDFC Bank gets $500mn from IFC to push micro loans to women

HDFC Bank has raised $500 million from International Finance Corporation (IFC) for onlending to unde..

RBI approves Natarajan’s appointment as IDFC First Bank’s whole time director

RBI approves Natarajan’s appointment as IDFC First Bank’s whole time director

The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as Whole Time Dire..

RBI flags supervisory concerns over functioning of ARCs

RBI flags supervisory concerns over functioning of ARCs

The Reserve Bank of India (RBI) has raised several supervisory concerns on the functioning of asset ..

Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

Creditors’ haircuts in bankruptcy cases rise to 73% in FY24

The haircuts taken by creditors in bankruptcy resolutions have increased to 73% in FY24, from  ..

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank to shed low-interest corporate loans, says CEO

Canara Bank is ready to shed Rs 70,000 of corporate loans that are riding on low interest rate so th..