RBI cancels licence of Nashik Zilla Girna Sahakari Bank

RBI cancels licence of Nashik Zilla Girna Sahakari Bank

Reserve Bank of India (RBI) has cancelled the banking licence of Nashik Zilla Girna Sahakari Bank Li..

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the licence of Mumbai-based Kapol Co-operative Bank du..

Repo rate unchanged; other key highlights of RBI policy

Repo rate unchanged; other key highlights of RBI policy

The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.50% for the third time in a ro..

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..

RBI allows Mahalaxmi Cooperative Bank to operate as NBFC, cancels banking licence

RBI allows Mahalaxmi Cooperative Bank to operate as NBFC, cancels banking licence

The Reserve Bank of India (RBI) has granted non-banking institution licence to Karnataka-based Mahal..

Monetary policy ‘dangerously close’ to damaging the economy: MPC member Varma

Monetary policy ‘dangerously close’ to damaging the economy: MPC member Varma

India’s economic recovery could be impacted by further interest rate tightening, a member of the mon..

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..

RBI's repo rate hike and other policy highlights

RBI's repo rate hike and other policy highlights

The Reserve Bank of India (RBI) has hiked the repo rate by 25 basis points, taking it to 6.50%. This..

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..

SEBI allows govt stake in IDBI Bank to be reclassified as ‘public’

SEBI allows govt stake in IDBI Bank to be reclassified as ‘public’

Capital markets regulator SEBI has allowed the government’s shareholding in IDBI Bank to be reclassi..

Axis Bank hikes interest rates on FDs to high of 7% for general public

Axis Bank hikes interest rates on FDs to high of 7% for general public

A month later, Axis Bank has increased interest rates once again on fixed deposits for amounts less ..

HDFC Bank takes deposit rates up to 7% for general public

HDFC Bank takes deposit rates up to 7% for general public

Most of India’s banks have raised deposit rates as a step to mobilise deposit growth to fund a risin..

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..