Former SBI chairman arrested in loan scam case

Former SBI chairman arrested in loan scam case

Former State Bank of India (SBI) chairman Pratip Chaudhuri  was arrested from his home in Delhi..

Punjab National Bank CEO’s outlook on asset quality, recoveries and credit growth

Punjab National Bank CEO’s outlook on asset quality, recoveries and credit growth

A fall in bad loans, better recoveries and stronger credit growth is how managing director and chief..

Rajneesh Karnatak joins Union Bank of India as ED

Rajneesh Karnatak joins Union Bank of India as ED

Rajneesh Karnatak has joined Union Bank of India as executive director. He comes with a banking expe..

Federal Bank Q2 net surges 50%

Federal Bank Q2 net surges 50%

Kerala-headquartered Federal Bank reported a 50% jump in net profit to Rs 460.26 crore for the fisca..

RBI slaps fine on Standard Chartered Bank

RBI slaps fine on Standard Chartered Bank

The Reserve Bank of India (RBI) has slapped a penalty of Rs 1.95 crore on Standard Chartered Bank fo..

Why PNB Housing Finance scrapped Rs 4,000-cr Carlyle deal

Why PNB Housing Finance scrapped Rs 4,000-cr Carlyle deal

Running into controversy and fearing prolonged legal hurdles, PNB Housing Finance has scrapped the R..

PMC Bank resolution at an advanced stage: RBI dpy guv

PMC Bank resolution at an advanced stage: RBI dpy guv

The resolution process for Punjab and Maharashtra Co-operative (PMC) Bank is at an advanced stage, a..

PNB to house credit card biz in subsidiary, offload stake in future

PNB to house credit card biz in subsidiary, offload stake in future

Punjab National Bank (PNB) will hive off its newly set up credit card business into a wholly owned s..

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

The coronavirus pandemic has only accelerated India’s need to have 4-5 more SBI sized banks, Finance..

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

State-owned Indian Overseas Bank (IOB), which is under the RBI’s prompt corrective action (PCA) list..

Retail loans march ahead of corporate credit amid Covid-19

Retail loans march ahead of corporate credit amid Covid-19

A surge in gold loans has pushed retail advances to the top of bank credit for the first time. Loans..

Crypto can’t be currency, needs regulation as asset: ex-RBI deputy Guv

Crypto can’t be currency, needs regulation as asset: ex-RBI deputy Guv

Crypto should be treated and regulated as a separate asset class to enable governments to effectivel..

Federal Bank partners Visa to launch credit card

Federal Bank partners Visa to launch credit card

The card comes in three variants and is presently being offered to the bank’s existing customers. Na..

Bank of Baroda ED to head Indian Bank from 1 Sep

Bank of Baroda ED to head Indian Bank from 1 Sep

Bank of Baroda on Monday said Shanti Lal Jain would cease to be its executive director from 1 Septem..

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Three chief executives and 10 executive directors of public sector banks have got tenure extensions...