PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

PNB CEO targets higher bad loan recovery, double-digit credit growth in FY23

Punjab National Bank (PNB) is looking to recover Rs 32,000 crore worth of bad loans and reduce its n..

Unclaimed deposits rising, RBI launches awareness campaign

Unclaimed deposits rising, RBI launches awareness campaign

With the amount of unclaimed deposits swelling, the Reserve Bank of India (RBI) has launched a natio..

Canara Bank CEO sees ‘decent’ double-digit credit growth; credit card arm likely by Q3

Canara Bank CEO sees ‘decent’ double-digit credit growth; credit card arm likely by Q3

Canara Bank plans to raise Rs 7,000 crore in the remaining part of the financial year and float a cr..

IndusInd Bank eyes 20% credit growth in FY23

IndusInd Bank eyes 20% credit growth in FY23

Private sector lender IndusInd Bank reported a 64.4% year-on-year rise in net profit to Rs 1,603.29 ..

NCLT orders insolvency proceedings against Future Retail

NCLT orders insolvency proceedings against Future Retail

The National Company Law Tribunal (NCLT) on Wednesday ordered insolvency resolution proceedings agai..

RBI penalises Federal Bank, Bank of India

RBI penalises Federal Bank, Bank of India

Federal Bank has been fined Rs 5.72 crore by the Reserve Bank of India (RBI) for deficiencies in reg..

Federal Bank Q1 net up 64%

Federal Bank Q1 net up 64%

Kerala-based private lender Federal Bank has reported a 63.53% year-on-year (YoY) jump in net profit..

ARCs eye stressed retail loans amid market changes

ARCs eye stressed retail loans amid market changes

Asset reconstruction companies (ARCs) are racing to acquire non-performing retail loans as they see ..

RBI’s data on bank credit, deposit growth

RBI’s data on bank credit, deposit growth

Bank credit grew by 13.29% to Rs 123.81 lakh crore and deposits by 9.77% to Rs 169.61 lakh crore in ..

ED files FIR against entities, IndusInd Bank staff over remittance irregularities

ED files FIR against entities, IndusInd Bank staff over remittance irregularities

An investigation by the enforcement directorate (ED) pertaining to remittance transactions during 20..

DICGC to pay depositors of two stressed co-operative banks in Aug

DICGC to pay depositors of two stressed co-operative banks in Aug

The depositors of two Maharashtra-based co-operative banks will get paid their insurance cover of up..

Interest rate on PPF, NSC unchanged

Interest rate on PPF, NSC unchanged

Despite rising inflation and interest rates, small savings schemes such as the Public Provident Fund..

NBFCs need to diversify risks across sectors: Rajnish Kumar

NBFCs need to diversify risks across sectors: Rajnish Kumar

Former State Bank of India (SBI) chairman Rajnish Kumar has a word of caution for non-banking financ..

RBI disallows non-banks from loading credit lines on prepaid payment instruments

RBI disallows non-banks from loading credit lines on prepaid payment instruments

The Reserve Bank of India (RBI) has disallowed non-bank pre-paid wallets and pre-paid cards from loa..

Banks flouting lending norms to govt-owned entities: RBI

Banks flouting lending norms to govt-owned entities: RBI

The Reserve Bank of India (RBI) has found instances of banks flouting the regulator’s norms when it ..