Bank fraud cases more than double but value involved falls: RBI

Bank fraud cases more than double but value involved falls: RBI

While the number of fraud cases in the banking sector more than doubled during the first half of the..

RBI asks NBFCs to reduce dependence on banks for funds

RBI asks NBFCs to reduce dependence on banks for funds

The Reserve Bank of India (RBI) has asked non-banking financial companies (NBFCs) to broad-base thei..

IDFC Ltd-IDFC First Bank reverse merger receives RBI nod

IDFC Ltd-IDFC First Bank reverse merger receives RBI nod

Reserve Bank of India (RBI) has given its approval for the reverse merger of IDFC Ltd with its banki..

RBI gives nod to Rajan’s appointment as Kotak Mahindra Bank chairman

RBI gives nod to Rajan’s appointment as Kotak Mahindra Bank chairman

Kotak Mahindra Bank on Wednesday said the Reserve Bank of India (RBI) has approved the appointment o..

Canara Bank plans IPO for its mutual fund arm

Canara Bank plans IPO for its mutual fund arm

Bengaluru-based public sector lender Canara Bank has said its board has given in-principle approval ..

RBI, two banks receive bomb threat mail

RBI, two banks receive bomb threat mail

The Reserve Bank of India (RBI), HDFC Bank and ICICI Bank on Tuesday received 11 bomb threats in Mum..

South Indian Bank staffer booked for allegedly siphoning off Rs 28 cr

South Indian Bank staffer booked for allegedly siphoning off Rs 28 cr

An employee of South Indian Bank’s Noida branch has been booked for allegedly siphoning off more tha..

Banks’ liquidity deficit at near 8-year high

Banks’ liquidity deficit at near 8-year high

The Indian banking system is facing a widening liquidity deficit, reaching levels last seen in 2016...

RBI introduces card tokenisation facility at bank level

RBI introduces card tokenisation facility at bank level

The RBI has introduced a Card-on-File (CoF) token facility at the level of banks and other instituti..

Unclaimed deposits with banks jump 28% to Rs 42,270 cr

Unclaimed deposits with banks jump 28% to Rs 42,270 cr

Unclaimed bank deposits are on the rise, touching Rs 42,270 crore as on March 2023. This is up 28% f..

RBI lifts ban on Razorpay, Cashfree

RBI lifts ban on Razorpay, Cashfree

After almost a year of freeze, the Reserve Bank of India (RBI) has lifted the ban on payment aggrega..

RBI targets evergreening of loans via AIFs, tightens norms

RBI targets evergreening of loans via AIFs, tightens norms

The Reserve Bank of India (RBI) has tightened certain norms with the objective of checking evergreen..

IMF terms RBI’s currency intervention excessive, RBI opposes

IMF terms RBI’s currency intervention excessive, RBI opposes

The International Monetary Fund (IMF) has reclassified India’s exchange rate regime from a “floating..

Will PSU banks see another wave of mergers?

Will PSU banks see another wave of mergers?

The possible merger of some public sector banks gained currency after a government document, shared ..

ED attached Rs 64,920 cr crime proceeds in bank fraud cases

ED attached Rs 64,920 cr crime proceeds in bank fraud cases

The Enforcement Directorate has taken up 1,105 bank fraud cases, attached crime proceeds worth Rs 64..