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 ..

RBI allows credit card linking with UPI, RuPay gets first to bat

RBI allows credit card linking with UPI, RuPay gets first to bat

The Reserve Bank of India (RBI) has allowed linking of RuPay credit cards to the UPI network, settin..

No OTP required for auto-debit transactions of up to Rs 15,000

No OTP required for auto-debit transactions of up to Rs 15,000

For auto-transactions up to Rs 15,000, customers will not have to authenticate such payments through..

Banks need to monitor restructured loans, slippages: RBI

Banks need to monitor restructured loans, slippages: RBI

India's banks should be watchful of the credit behaviour of restructured loans and the possibility o..

RBI to examine medium term debt strategy

RBI to examine medium term debt strategy

A debt management strategy review is in the offing as the Reserve Bank of India (RBI) seeks to make ..

RBI working on graded approach to introduce digital currency

RBI working on graded approach to introduce digital currency

The Reserve Bank of India (RBI) will adopt a graded approach to introduce the blockchain-based Centr..

 SBI posts record quarterly profit, eyes double-digit credit growth in FY23

SBI posts record quarterly profit, eyes double-digit credit growth in FY23

State Bank of India (SBI), which reported its highest ever quarterly profit, is looking to grow its ..

Rupee sinks to all-time low amid Fed rate hike

Rupee sinks to all-time low amid Fed rate hike

The rupee sank to an all-time low of 77.58 against the US dollar amid flight of foreign investors fr..

Federal Bank Q4 net up13% at Rs 541 cr

Federal Bank Q4 net up13% at Rs 541 cr

Federal Bank is targeting a credit growth of 15% for the current financial year in a rising interest..

Canara Bank plans to float credit card arm, rope in partner

Canara Bank plans to float credit card arm, rope in partner

State-run Canara Bank is planning to float a credit card subsidiary and is looking to rope in a part..

LIC, Govt to cede management control from IDBI Bank

LIC, Govt to cede management control from IDBI Bank

Life Insurance Corporation, which is headed for the country’s largest initial public offering (IPO),..

Why Bank of Baroda slashed home loan rate

Why Bank of Baroda slashed home loan rate

After having posted slower growth than its peers for the past few quarters, Bank of Baroda has reduc..