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..

Canara Bank launches QIP to raise Rs 2,500 cr

Canara Bank launches QIP to raise Rs 2,500 cr

State-owned Canara Bank on 17 August opened its QIP to raise up to Rs 2,500 crore and set the floor ..

Suryoday Small Finance Bank raises Rs 170 cr via anchor investors

Suryoday Small Finance Bank raises Rs 170 cr via anchor investors

Mumbai-based Suryoday Small Finance Bank has raised Rs 170 crore from 13 anchor investors at Rs 305 ..

India's retail inflation cools to 3-month low in July

India's retail inflation cools to 3-month low in July

India's retail inflation has eased to a three-month low of 5.59% in July mainly due to moderation in..

Post-SAT verdict, PNB Housing Finance plans to raise Rs 35,000 cr debt

Post-SAT verdict, PNB Housing Finance plans to raise Rs 35,000 cr debt

Halted by SAT’s split verdict on going ahead with the Rs 4,000 crore deal with the Carlyle group, Pu..

Dhoot moves NCLAT against Anil Agarwal’s Videocon takeover bid

Dhoot moves NCLAT against Anil Agarwal’s Videocon takeover bid

Former Videocon promoter Venugopal Dhoot has moved the NCLAT challenging the insolvency tribunal’s o..

SBI waives processing fees on home loans till 31 Aug

SBI waives processing fees on home loans till 31 Aug

State Bank of India (SBI) has waived the processing fees on home loans till 31 August.Currently, the..

Union Bank of India recasts Rs 15,632 cr of loans; home loans lead retail stress

Union Bank of India recasts Rs 15,632 cr of loans; home loans lead retail stress

Retail loans have come to haunt banks in the backdrop of the second wave of the coronavirus pandemic..