NBFCs can issue credit cards but with RBI nod

NBFCs can issue credit cards but with RBI nod

Non-banking financial companies (NBFCs) can now issue credit cards but will need to get prior permis..

RBI tightens rules for credit card issuers

RBI tightens rules for credit card issuers

Reserve Bank of India (RBI) has tightened the rules for credit card issuers like banks and new entra..

Key RBI Credit Policy Highlights

Key RBI Credit Policy Highlights

. RBI MPC maintains status quo on rates unanimously at 4%. RBI MPC votes unanimously for Accommodati..

Bandhan-led consortium to acquire IDFC AMC for Rs 4,500 cr

Bandhan-led consortium to acquire IDFC AMC for Rs 4,500 cr

In a battle for acquisition of IDFC's mutual fund business, Bandhan Bank’s parent won against the co..

Bank of Maharashtra raises Rs 290 cr, eyes 16% credit growth in FY23

Bank of Maharashtra raises Rs 290 cr, eyes 16% credit growth in FY23

Bank of Maharashtra, which raised Rs 290 crore by issuing Basel III compliant additional tier 1 (AT1..

IDFC First Bank chief gifts 5 lakh shares to deceased colleague’s kin

IDFC First Bank chief gifts 5 lakh shares to deceased colleague’s kin

IDFC First Bank managing director and CEO V Vaidyanathan has gifted 5 lakh shares of the bank held b..

Bank credit up 7.9%, deposits rise 8.6%

Bank credit up 7.9%, deposits rise 8.6%

Bank credit grew by 7.9% to Rs 116.27 lakh crore and deposits rose by 8.6% to Rs 162.17 lakh crore i..

SBI stops transactions with sanctioned Russian entities: Report

SBI stops transactions with sanctioned Russian entities: Report

State Bank of India (SBI) will not process any transactions involving Russian entities subject to in..

Recapitalisation of banks needed as Basel IV date nears

Recapitalisation of banks needed as Basel IV date nears

The government will need to revisit its decision to reduce the budget for capitalisation of public s..

Federal Bank’s subsidiary files for IPO

Federal Bank’s subsidiary files for IPO

Fedbank Financial Services, a subsidiary of Federal Bank, has filed with capital markets regulator S..

RBI’s three bets as interest rates remain unchanged

RBI’s three bets as interest rates remain unchanged

The Reserve Bank of India (RBI) has left the interest rates untouched for the tenth time in a row, h..

Budget: MSME sector gets support, credit line extended

Budget: MSME sector gets support, credit line extended

The Union Budget 2022 has laid focus on infrastructure and the MSME sector, which accounts for 45% o..

Bad bank to take in Rs 50,000 cr of stressed loans by March-end

Bad bank to take in Rs 50,000 cr of stressed loans by March-end

India’s bad bank is set to roll out operations after receiving all regulatory approvals and lenders ..

Federal Bank Q3 net up 29% at Rs 522 cr

Federal Bank Q3 net up 29% at Rs 522 cr

Kerala-headquartered  Federal Bank has reported  a 29% rise in its net profit to Rs 521.7 ..

Federal Bank’s subsidiary to head for IPO

Federal Bank’s subsidiary to head for IPO

Federal Bank’s subsidiary, Fedbank Financial Services (FedFina), will head for an initial public off..