Four PSU banks pay Rs 6,481 crore dividend to Govt

Four PSU banks pay Rs 6,481 crore dividend to Govt

Four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs..

Bank unions write to FM for merger of RRBs with sponsor banks

Bank unions write to FM for merger of RRBs with sponsor banks

Two bank unions -- AIBOC and AIBEA -- have demanded the merger of Regional Rural Banks (RRBs) with t..

Indian banks’ bad loan ratio at 12-year low: RBI report

Indian banks’ bad loan ratio at 12-year low: RBI report

The sharp fall in bad loans of Indian banks to a 12-year low of 2.8% and strong GDP numbers will hel..

Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks leap 26% to Rs 78,213 crore

Unclaimed deposits with banks have jumped 26% year-on-year to Rs 78,213 crore at the end of March 20..

Why small finance banks are in no hurry to become universal banks

Why small finance banks are in no hurry to become universal banks

Considering the huge unsecured microfinance loans on their books, the small finance banks (SFBs) are..

Why banks worry as RBI aims to tighten project finance norms

Why banks worry as RBI aims to tighten project finance norms

The unanticipated contest between the Great Indian Bustard and the solar energy companies in vast tr..

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra tops among PSU banks in biz growth in FY24

Bank of Maharashtra has posted the highest growth rate last fiscal in terms of total business and de..

RBI directs banks to review unfair lending practices

RBI directs banks to review unfair lending practices

The Reserve Bank of India (RBI) has directed lenders on Monday to review practices such as disbursal..

RBI issues norms for voluntary conversion of SFBs into universal banks

RBI issues norms for voluntary conversion of SFBs into universal banks

The Reserve Bank of India (RBI) on Friday set norms for the voluntary transition of small finance ba..

Public sector banks have no power to issue look out circulars to defaulters: Bombay HC

Public sector banks have no power to issue look out circulars to defaulters: Bombay HC

The Bombay High Court on Tuesday ruled that public sector banks do not have the power in law to issu..

RBI fines five co-operative banks

RBI fines five co-operative banks

The Reserve Bank of India (RBI) has imposed penalties on five co-operative banks amounting to a tota..

RBI to soon allow cash deposits in banks via UPI

RBI to soon allow cash deposits in banks via UPI

Depositors will soon be able to use UPI, a real-time payment system for inter-bank transactions thro..

Five PSU banks to trim government shareholding

Five PSU banks to trim government shareholding

Five state-owned banks are planning to trim government stake to less than 75% to comply with market ..

Finance ministry asks PSU banks to review gold loan portfolio

Finance ministry asks PSU banks to review gold loan portfolio

The Finance ministry has directed all state-owned banks to review their gold loan portfolio as insta..

RBI raises wage cap for non-executive directors of banks to Rs 30 lakh

RBI raises wage cap for non-executive directors of banks to Rs 30 lakh

The Reserve Bank of India (RBI) has lifted the ceiling on remuneration of non-executive directors in..