Bank profitability rises for 6th year, bad loans at 13-year low

Bank profitability rises for 6th year, bad loans at 13-year low

Indian banks improved their profitability for the sixth consecutive year in 2023-24 while their gros..

Why RBI refuses to budge on six-month deadline for banks to classify wilful defaulters

Why RBI refuses to budge on six-month deadline for banks to classify wilful defaulters

The Reserve Bank of India (RBI) has refused to give more time for banks to classify an errant borrow..

2,664 wilful defaulters owe Rs 1.96 lakh crore: RBI

2,664 wilful defaulters owe Rs 1.96 lakh crore: RBI

The Reserve Bank of India (RBI) has listed 2,664 companies as wilful defaulters who have collectivel..

Gross NPAs of public sector banks at Rs 3.16 trillion

Gross NPAs of public sector banks at Rs 3.16 trillion

The gross non-performing assets of public sector banks stood at Rs 3.16 trillion as of 30 September ..

98% of Rs 2,000 notes returned, Rs 6,839 cr still with public

98% of Rs 2,000 notes returned, Rs 6,839 cr still with public

Only Rs 6,839 crore worth of Rs 2,000 banknotes are still with the public. The Reserve Bank of India..

SBI, HDFC Bank, ICICI Bank remain in RBI’s ‘too-big-to-fail’ list

SBI, HDFC Bank, ICICI Bank remain in RBI’s ‘too-big-to-fail’ list

State Bank of India, HDFC Bank and ICICI Bank remain named as domestic systemically important banks ..

PNB Q2 net up 145%, biz crosses Rs 25 trillion for first time

PNB Q2 net up 145%, biz crosses Rs 25 trillion for first time

Punjab National Bank has crossed Rs 25 trillion in business for the first time and reported a 145% j..

IBA to seek easing of RBI’s proposed norms for retail deposits

IBA to seek easing of RBI’s proposed norms for retail deposits

The Indian Banks’ Association (IBA) is likely to ask the central bank to reduce the amount of additi..

Former SBI DMD to head Tamilnad Mercantile Bank

Former SBI DMD to head Tamilnad Mercantile Bank

The Reserve Bank of India (RBI) has approved the appointment of Salee Sukumaran Nair as the managing..

Banking Laws (Amendment) Bill proposes significant changes

Banking Laws (Amendment) Bill proposes significant changes

The Banking Laws (Amendment) Bill, 2024, introduced today by Finance Minister Nirmala Sitharaman in ..

RBI issues new norms for wilful defaulters

RBI issues new norms for wilful defaulters

The Reserve Bank of India (RBI) has issued new norms on wilful defaulters, directing banks and NBFCs..

RBI unveils SAARC currency swap framework until 2027

RBI unveils SAARC currency swap framework until 2027

The Reserve Bank of India (RBI) has put in place a revised framework on currency swap arrangements w..

Why Canara Bank CEO feels RBI’s proposed infra loan norms will unlikely impact margins

Why Canara Bank CEO feels RBI’s proposed infra loan norms will unlikely impact margins

Canara Bank’s internal cash accruals will provide sufficient cushion in case it has to provision for..

RBI lifts ban on Bank of Baroda from adding customers via mobile app

RBI lifts ban on Bank of Baroda from adding customers via mobile app

The Reserve Bank of India (RBI) on Wednesday allowed Bank of Baroda to onboard new customers through..

HDFC Bank to stay away from deposit rate war, focus on profitability

HDFC Bank to stay away from deposit rate war, focus on profitability

HDFC Bank will not aggressively hike interest rates to attract new deposits as it has decided to kee..