RBI bars 4 NBFCs from lending

RBI bars 4 NBFCs from lending

The Reserve Bank of India (RBI) has barred four non-banking financial companies (NBFCs) from sanctio..

Axis Bank Q2 net up 18% at Rs 6,918 cr amid challenges

Axis Bank Q2 net up 18% at Rs 6,918 cr amid challenges

Axis Bank managing director and CEO Amitabh Chaudhry on Thursday said that banks are facing challeng..

Bank of Maharashtra Q2 net up 44%, NIM stays healthy

Bank of Maharashtra Q2 net up 44%, NIM stays healthy

Bank of Maharashtra’s fiscal second-quarter net profit surged 44.25% to Rs 1,327 crore as net intere..

Partha Sengupta is Bandhan Bank’s new boss

Partha Sengupta is Bandhan Bank’s new boss

The Reserve Bank of India has approved the appointment of Partha Pratim Sengupta as the managing dir..

UPI sees surge in transactions in H1

UPI sees surge in transactions in H1

Transactions on the Unified Payment Interface (UPI) surged 52% year-on-year in terms of volume and 4..

ARCs need to standardise credit bureau reporting: RBI

ARCs need to standardise credit bureau reporting: RBI

The Reserve Bank of India has directed asset reconstruction companies (ARCs) to set up a standard op..

RBI asks banks to use relevant info for risk assessment

RBI asks banks to use relevant info for risk assessment

The Reserve Bank of India has directed banks, non-banking financial companies (NBFCs) and other enti..

RBI warns NBFCs against chasing unsustainable growth practices

RBI warns NBFCs against chasing unsustainable growth practices

Reserve Bank of India Governor Shaktikanta Das has warned of action against those non-banking financ..

RBI raises hope of interest rate cut

RBI raises hope of interest rate cut

The Reserve Bank of India (RBI) has left the benchmark repo rate unchanged at 6.5% for the tenth con..

RBI raises UPI Lite limit

RBI raises UPI Lite limit

The Reserve Bank of India (RBI) has lifted the limit of the UPI Lite wallet to Rs 5,000 from existin..

RBI to create data repository on climate change risks for lenders

RBI to create data repository on climate change risks for lenders

The Reserve Bank of India (RBI) will set up a data repository to monitor climate related risks.Named..

Lenders can’t levy pre-payment charges on loans to MSEs: RBI

Lenders can’t levy pre-payment charges on loans to MSEs: RBI

The Reserve Bank of India on Wednesday proposed banks and non-banking financial companies (NBFCs) no..

RBI to issue capital raising norms for UCBs

RBI to issue capital raising norms for UCBs

The Reserve Bank of India will issue a discussion paper on capital raising avenues for urban co-oper..

Banks can’t use group entities to circumvent rules: RBI

Banks can’t use group entities to circumvent rules: RBI

The Reserve Bank of India has proposed that banks should be barred from using group entities to circ..

MTNL turns NPA in SBI’s books

MTNL turns NPA in SBI’s books

State Bank of India has declared loan accounts of state-owned MTNL as sub-standard non-performing as..