UCO Bank MD Goel is new IBA chairman

UCO Bank MD Goel is new IBA chairman

The Indian Banks' Association (IBA) has elected UCO Bank managing director A K Goel as its chairman ..

PNB launches ‘6S Campaign’ to push outreach program

PNB launches ‘6S Campaign’ to push outreach program

Punjab National Bank (PNB), India’s second-largest public sector bank, has launched a ‘6S Campaign’ ..

The rise in retail loan auctions

The rise in retail loan auctions

Auctions of retail loans are on a sharp rise at a level never seen before in India as non-banking fi..

Banks cut rates on retail loans to boost demand

Banks cut rates on retail loans to boost demand

Banks are luring customers with lower interest rates as part of a festive offer as the market has sh..

RBI cautions against fraud in name of KYC updation

RBI cautions against fraud in name of KYC updation

The Reserve Bank of India (RBI) has cautioned bank customers against frauds in the name of KYC updat..

ARCs to find space in MSME, retail assets

ARCs to find space in MSME, retail assets

Even as India’s bad bank takes shape and NARCL looks to handle big-ticket corporate loans, asset rec..

PNB gets nod to raise Rs 6,000 cr via bonds

PNB gets nod to raise Rs 6,000 cr via bonds

Punjab National Bank’s board has approved raising up to Rs 6,000 crore by issuing bonds. The de..

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..

RBI fines Axis Bank for due diligence failure on a customer account

RBI fines Axis Bank for due diligence failure on a customer account

The Reserve Bank of India (RBI) has slapped a fine of Rs 25 lakh on Axis Bank for violation of certa..

Jet Airways’ rescue plan set for delay as PNB moves NCLAT

Jet Airways’ rescue plan set for delay as PNB moves NCLAT

The Jet Airways rescue plan has hit an air pocket with Punjab National Bank (PNB) alleging gros..

HSBC Asia appoints former SBI chairman as director

HSBC Asia appoints former SBI chairman as director

Banking major HSBC has appointed former SBI chairman Rajnish Kumar as a non-executive director for i..

RBI should be given powers to take action against PSBs

RBI should be given powers to take action against PSBs

The Reserve Bank of India (RBI) has been blamed for being late in detecting frauds or red flagging b..

Canara Bank raises Rs 2,500 cr via QIP

Canara Bank raises Rs 2,500 cr via QIP

Canara Bank, India’s third-largest public sector bank, has raised Rs 2,500 crore through qualified i..

Sandeep Bakhshi gets RBI nod to remain ICICI Bank boss

Sandeep Bakhshi gets RBI nod to remain ICICI Bank boss

Sandeep Bakhshi, who took charge of ICICI Bank after Chanda Kochchar was unceremoniously removed on ..

MPC member Varma wants RBI reverse repo rate to be raised

MPC member Varma wants RBI reverse repo rate to be raised

Prof. Jayanth R Varma, the only monetary policy member (MPC) to vote against the Reserve Bank of Ind..