RBI cancels licence of Nashik Zilla Girna Sahakari Bank

RBI cancels licence of Nashik Zilla Girna Sahakari Bank

Reserve Bank of India (RBI) has cancelled the banking licence of Nashik Zilla Girna Sahakari Bank Li..

RBI proposes banks identify wilful defaulters within six months

RBI proposes banks identify wilful defaulters within six months

The Reserve Bank of India (RBI) on Thursday proposed that lenders should label defaulting borrowers ..

India’s retail inflation eases to 6.83% in August

India’s retail inflation eases to 6.83% in August

Retail inflation eased to 6.83% in August after touching a 15-month high of 7.44% in July, mainly du..

Bank of Baroda withdraws auction notice to sell Sunny Deol’s Juhu villa

Bank of Baroda withdraws auction notice to sell Sunny Deol’s Juhu villa

Bank of Baroda, which had put actor and Member of Parliament Sunny Deol’s villa in Mumbai’s Juhu loc..

Canara Bank launches UPI Interoperable Digital Rupee mobile app

Canara Bank launches UPI Interoperable Digital Rupee mobile app

Canara Bank has launched UPI Interoperable Digital Rupee mobile application as a part of the Reserve..

SBI’s home loan book still the largest, says Khara

SBI’s home loan book still the largest, says Khara

State Bank of India (SBI) may have lost some share in the home loan market but is keen to protect it..

Top 50 wilful defaulters owe Rs 87,295 crore to banks

Top 50 wilful defaulters owe Rs 87,295 crore to banks

India’s top 50 wilful defaulters owed Rs 87,295 crore to banks as of 31 March 2023, the Finance Mini..

Canara Bank launches Mahila Samman Savings Certificate with 7.5% interest

Canara Bank launches Mahila Samman Savings Certificate with 7.5% interest

Canara Bank has rolled out Mahila Samman Savings Certificate, 2023 scheme across India. It may ..

Union Bank of India mobilises Rs 17.58 cr under Mahila Samman Savings Certificate

Union Bank of India mobilises Rs 17.58 cr under Mahila Samman Savings Certificate

Union Bank of India has mobilised Rs 17.58 crore in 5,653 Mahila Samman Savings Certificate (MSSC) b..

Retail loans pace up, large borrowers' share falls

Retail loans pace up, large borrowers' share falls

Retail loans have grown faster and the share of large borrowers in gross advances have declined succ..

Indian economy resilient amid global headwind: RBI Guv

Indian economy resilient amid global headwind: RBI Guv

The Indian economy has made a solid recovery and is among the fastest-growing large economies despit..

Retail loans major contributor to bank credit growth

Retail loans major contributor to bank credit growth

India’s bank credit growth has been powered by retail lending over the last few years and this is cy..

UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

Unified Payments Interface (UPI) is expected to account for 90% of retail digital transactions volum..

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

Recoveries by asset reconstruction companies (ARCs) across retail loans such as housing and MSME hav..

Compromise settlement with wilful defaulters not new, says RBI

Compromise settlement with wilful defaulters not new, says RBI

The Reserve Bank of India (RBI) has clarified that a compromise settlement with wilful defaulters is..