Inflation climbs to 4-month high, industrial output slips to 8-month low

Inflation climbs to 4-month high, industrial output slips to 8-month low

India’s retail inflation climbed to a 4-month high of 5.69% in December 2023 while industrial produc..

RBI fines three banks for rule violations

RBI fines three banks for rule violations

The Reserve Bank of India (RBI) has slapped penalties totalling Rs 2.49 crore on three banks for var..

RBI Deputy Governor Michael Patra gets one-year extension

RBI Deputy Governor Michael Patra gets one-year extension

The government has approved the re-appointment of Michael Patra as Deputy Governor of the Reserve Ba..

Bank deposits double from 2016 to touch Rs 200 trillion

Bank deposits double from 2016 to touch Rs 200 trillion

Bank deposits crossed the Rs 200 lakh crore milestone in 2023, with the last Rs 50 lakh crore being ..

SBI’s expansion plans to unbanked pockets in Odisha

SBI’s expansion plans to unbanked pockets in Odisha

State Bank of India (SBI) has sensed an opportunity to expand its banking network to the unbanked po..

RBI asks CROs of banks to take pre-emptive measures to mitigate risks

RBI asks CROs of banks to take pre-emptive measures to mitigate risks

The Reserve Bank of India (RBI) has asked chief compliance officers and chief risk officers (CROs) t..

IBC needs ‘some course correction’, says RBI Governor

IBC needs ‘some course correction’, says RBI Governor

Lenders have recovered Rs 3.16 lakh crore out of the admitted claims of Rs 9.92 lakh crore under the..

UPI can become world leader in payments: RBI Guv

UPI can become world leader in payments: RBI Guv

UPI, developed by National Payments Corporation of India (NPCI), has room to grow and can become the..

Don’t think world can afford a cryptomania, says RBI Guv

Don’t think world can afford a cryptomania, says RBI Guv

RBI Governor Shaktikanta Das on Thursday said the central bank's as well as his own opposition to cr..

Banks will have to work on deposit rates in 2024

Banks will have to work on deposit rates in 2024

The debate on whether interest rates on fixed deposits (FDs) have peaked or the door is still open f..

Fino Payments Bank applies for SFB licence, awaits RBI nod

Fino Payments Bank applies for SFB licence, awaits RBI nod

Fino Payments Bank, a subsidiary of Fino Paytech Limited, has applied for a small finance bank (SFB)..

Union Bank’s loan book, deposits see double-digit growth in Q3

Union Bank’s loan book, deposits see double-digit growth in Q3

Union Bank of India has posted double-digit growth on the advances as well as the deposits front for..

RBI seeks new names for Federal Bank CEO post

RBI seeks new names for Federal Bank CEO post

The Reserve Bank of India (RBI) has asked Federal Bank to submit at least two new names for the top ..

HDFC Bank’s advances rise 62.4% to Rs 24.69 lakh cr in Q3

HDFC Bank’s advances rise 62.4% to Rs 24.69 lakh cr in Q3

HDFC Bank’s loan book expanded 62.4% to Rs 24.69 lakh crore in the fiscal third quarter ended Decemb..

PNB, Bank of Maharashtra post double-digit loan growth in Q3

PNB, Bank of Maharashtra post double-digit loan growth in Q3

Punjab National Bank (PNB) has reported a 13.5% year-on-year growth in advances to Rs 9.72 lakh cror..