RBI extends deadline to exchange Rs 2,000  notes at banks to 7 October

RBI extends deadline to exchange Rs 2,000 notes at banks to 7 October

The Reserve Bank of India (RBI) has extended the deadline to exchange and deposit Rs 2,000 bank note..

Bank of Maharashtra hires Pradeep Srivastava as CTO

Bank of Maharashtra hires Pradeep Srivastava as CTO

Bank of Maharashtra has appointed Pradeep Kumar Srivastava as chief technology officer (CTO) with ef..

Dhanlaxmi Bank’s independent director levels charges against board, quits

Dhanlaxmi Bank’s independent director levels charges against board, quits

Sridhar Kalyanasundaram, an independent director of Kerala-based Dhanlaxmi Bank, has resigned from t..

Public sector banks more than double their profits in Q1

Public sector banks more than double their profits in Q1

Public sector banks (PSBs) have more than doubled their profits to Rs 34,774 crore in the fisca..

Canara Bank top lender to public sector companies in FY23

Canara Bank top lender to public sector companies in FY23

Even as public sector banks lent Rs 4.12 trillion to government-backed entities in FY23, Canara Bank..

Public sector banks in real danger of privatisation: AIBOC

Public sector banks in real danger of privatisation: AIBOC

Public sector banks, which play a crucial role in bridging the economic divide in society, are in “r..

Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23

Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23

The cumulative profit of public sector banks (PSBs) has crossed the Rs 1 lakh crore-mark in the fina..

Stage set for consolidation in ARC sector

Stage set for consolidation in ARC sector

India has 28 asset reconstruction companies (ARCs), a lot too many to accommodate as they need to be..

The turnaround story of public sector banks

The turnaround story of public sector banks

Public sector Banks have turned around, after posting a net loss of Rs 85,390 crore in 2017. They en..

Govt appoints 10 executive directors for public sector banks

Govt appoints 10 executive directors for public sector banks

The government has approved the appointment of ten executive directors in various public sector bank..

Govt extends tenure of public sector bank MDs to 10 years

Govt extends tenure of public sector bank MDs to 10 years

Aiming to provide stability at the top and retain talent, the government has raised the maximum tenu..

Massive asset-liability mismatch in banking sector, says Pronab Sen

Massive asset-liability mismatch in banking sector, says Pronab Sen

A massive asset-liability mismatch in the Indian banking sector could explode anytime, warned noted ..

DICGC to pay depositors of 17 co-operative banks in October

DICGC to pay depositors of 17 co-operative banks in October

Depositors of 17 distressed co-operative banks will receive payments from the Deposit Insurance and ..

Gandhi, Gopalkrishnan cease to be directors at Yes Bank

Gandhi, Gopalkrishnan cease to be directors at Yes Bank

Former RBI Deputy Governor R Gandhi and professor Ananth Narayan Gopalakrishnan have ceased to be ad..

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..