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..

IDFC First Bank approves reappointment of Vaidyanathan as MD & CEO

IDFC First Bank approves reappointment of Vaidyanathan as MD & CEO

The board of IDFC First Bank has approved the re-appointment of V Vaidyanathan as the managing direc..

Bank of Maharashtra Q4 net up 45%, plans to raise Rs 7,500 cr

Bank of Maharashtra Q4 net up 45%, plans to raise Rs 7,500 cr

Bank of Maharashtra has reported a 45% year-on-year jump in its net profit to Rs 1,218 crore for the..

IDFC First Bank CEO Vaidyanathan gifts shares worth Rs 5 crore

IDFC First Bank CEO Vaidyanathan gifts shares worth Rs 5 crore

IDFC First Bank managing director and CEO V Vaidyanathan’s philanthropic nature is well known. In a ..

Yes Bank co-founder Rana Kapoor gets bail

Yes Bank co-founder Rana Kapoor gets bail

A special court in Mumbai on April 19 granted bail to Yes Bank co-founder Rana Kapoor in the Rs 466...

HDFC Credila raises $100 mn for loan expansion

HDFC Credila raises $100 mn for loan expansion

HDFC Credila Financial Services, an education loans-focused lender, has raised $100 million in exter..

Union Bank raises $500 mn from foreign markets

Union Bank raises $500 mn from foreign markets

State-owned Union Bank of India has raised $500 million (about Rs 4,200 crore) from foreign markets ..

RBI modifies circular on AIF investments by regulated entities

RBI modifies circular on AIF investments by regulated entities

The Reserve Bank of India (RBI) has modified its circular on regulated entities’ (RE) investments in..

Central Bank of India CEO MV Rao named IBA chairman

Central Bank of India CEO MV Rao named IBA chairman

Central Bank of India managing director and chief executive officer MV Rao has been elected as the c..

17% wage hike for bank employees; 5-day work week awaits govt nod

17% wage hike for bank employees; 5-day work week awaits govt nod

Public sector banks will have to bear the burden of an additional yearly outgo of around Rs 8,284 cr..

Interest rates on small savings schemes remains unchanged

Interest rates on small savings schemes remains unchanged

The government has left the interest rates unchanged on various small savings schemes for the first ..

UCO Bank IMPS scam: CBI conducts raids in 7 cities

UCO Bank IMPS scam: CBI conducts raids in 7 cities

The CBI has conducted searches at 67 locations in seven cities of Rajasthan and Maharashtra in conne..

Fairfax India commits $200 mn to IIFL Finance

Fairfax India commits $200 mn to IIFL Finance

IIFL Finance, which was barred by the Reserve Bank of India (RBI) from disbursing gold loans, has fo..

RBI bars JM Financial from financing against shares, debentures

RBI bars JM Financial from financing against shares, debentures

The Reserve bank of India (RBI) has barred JM Financial Products from advancing loans against shares..

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India on Tuesday approved plans to raise Rs 3,000 crore through a qualified institutio..