Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

A week after Rs 9,000 crore was wrongly credited into a taxi driver’s account, Tamilnad Mercantile B..

Bank credit outstanding to real estate hits new high in July

Bank credit outstanding to real estate hits new high in July

A large-scale demand revival for housing has pushed bank credit to the real estate sector to an impr..

Bank of India Q1 net up 176%, eyes 12% credit growth in FY24

Bank of India Q1 net up 176%, eyes 12% credit growth in FY24

Bank of India, which saw its net profit surge 176% in the first quarter of the current fiscal, hopes..

Bank of Maharashtra Q1 net surges 95%, eyes 22% credit growth in FY24

Bank of Maharashtra Q1 net surges 95%, eyes 22% credit growth in FY24

State-run Bank of Maharashtra reported fiscal first quarter net profit of Rs 882.08 crore, up 95.2% ..

Bank of Maharashtra posts strong credit, deposit growth in June quarter

Bank of Maharashtra posts strong credit, deposit growth in June quarter

Bank of Maharashtra has seen a 24.93% jump in credit growth to Rs 1.75 lakh crore for the quarter en..

Bank of Baroda plans to divest 49% stake in credit card arm

Bank of Baroda plans to divest 49% stake in credit card arm

State-owned Bank of Baroda (BOB) plans to sell up to 49% stake in its credit card business arm, BOB ..

Credit card bad debt doubles to 18% for state-run banks: RBI

Credit card bad debt doubles to 18% for state-run banks: RBI

Bad debt from credit cards in public sector banks has doubled to 18% at the end of FY2023, the Reser..

Banks see credit, deposit growth in 2023

Banks see credit, deposit growth in 2023

Bank credit growth, which has been rising since early 2022, stood at 15.4% on 2 June 2023, according..

Retail loans major contributor to bank credit growth

Retail loans major contributor to bank credit growth

India’s bank credit growth has been powered by retail lending over the last few years and this is cy..

Morgan Stanley weighs RBI’s expected credit loss impact on banks

Morgan Stanley weighs RBI’s expected credit loss impact on banks

Banks are still trying to figure out what the Reserve Bank of India’s (RBI) proposed expected credit..

IDFC First Bank, HPCL launch co-branded fuel credit card

IDFC First Bank, HPCL launch co-branded fuel credit card

Want to save up to 6.5% on your petrol and diesel spends? Take IDFC First Bank and HPCL’s co-branded..

Dhanlaxmi Bank posts strong credit growth in FY23

Dhanlaxmi Bank posts strong credit growth in FY23

Kerala-headquartered Dhanlaxmi Bank has reported a strong business year with credit growing by 16.85..

Canara Bank Rupay Credit Card on UPI

Canara Bank Rupay Credit Card on UPI

Canara Bank, in collaboration with NPCI, has launched the Rupay Credit Card through UPI using the BH..

Bank credit, deposit trends in Q3

Bank credit, deposit trends in Q3

Most banks who have provided provisional data for the fiscal third-quarter have shown strong loan an..

Banks may increase deposit rates amid rise in credit growth

Banks may increase deposit rates amid rise in credit growth

Banks may have to further hike deposit rates to meet a surge in credit demand, the Reserve Bank of I..