Federal Bank Q4 net up 59% amid lower provisioning

Federal Bank Q4 net up 59% amid lower provisioning

Federal Bank has reported a 58.6% year-on-year growth in net profit to Rs 477.8 crore for the quarte..

Covid impacted 18% of our staff

Covid impacted 18% of our staff

How severely has Bank of Maharashtra been impacted by Covid?Out of a total staff strength of 13,126,..

RBI bars American Express, Diners Club from on-boarding new credit card customers

RBI bars American Express, Diners Club from on-boarding new credit card customers

The Reserve Bank of India has restricted American Express Banking Corp and Diners Club International..

HDFC Bank to wait longer for lift of RBI ban on new credit cards

HDFC Bank to wait longer for lift of RBI ban on new credit cards

HDFC Bank may take longer time than anticipated to be able to source new credit card customers as it..

Brace for muted credit growth, flat interest rates & negative returns for small savers

Brace for muted credit growth, flat interest rates & negative returns for small savers

The Reserve Bank of India’s mega Rs 1-trillion bond purchase programme in the fiscal first quarter i..

NCLT admits insolvency proceedings against OYO Hotels

NCLT admits insolvency proceedings against OYO Hotels

The National Company Law Tribunal has directed to start insolvency proceedings against OYO Hotels an..

HDFC Bank’s loan growth at 17-qtr low; how other banks fared in FY21

HDFC Bank’s loan growth at 17-qtr low; how other banks fared in FY21

The slowdown, deepened due to the Covid-induced stress in the economy, has impacted HDFC Bank’s grow..

Govt amends IBC for stressed MSMEs

Govt amends IBC for stressed MSMEs

Amending the insolvency law, the government has introduced a pre-packaged resolution process for str..

Interest rates on Fixed Deposits

Interest rates on Fixed Deposits

Banks1 Year FDsGeneral1 Year FDsSenior CitizenState Bank of India4.90%5.40%HDFC Bank4.90%5.40%Punjab..

No need for downward revision in GDP growth rate: RBI Guv

No need for downward revision in GDP growth rate: RBI Guv

Despite the rise in new Covid-19 infections, India’s economic revival story will continue unabated a..

Corporate affairs ministry probes irregularities at Edelweiss' ARC arm: Report

Corporate affairs ministry probes irregularities at Edelweiss' ARC arm: Report

Responding to a whistleblower’s allegations, the Ministry of Corporate Affairs (MCA) has reportedly ..

NPAs expected to worsen in first half of 2021: FICCI-IBA

NPAs expected to worsen in first half of 2021: FICCI-IBA

The corona virus pandemic could have a lasting impact on the non-performing assets (NPAs) of banks. ..

Private banks now allowed to get govt biz

Private banks now allowed to get govt biz

Public sector banks will have to let go of one of their big advantages as the government has now all..

IDBI Bank plans setting off accumulated losses

IDBI Bank plans setting off accumulated losses

IDBI Bank is planning to set off its accumulated losses as on 1 April 2021. The bank’s board will me..

New trends to surface in credit card industry in 2021

New trends to surface in credit card industry in 2021

The Covid-19 pandemic has affected lives, businesses and economies alike, around the country and the..