RBI withdraws Rs 2,000 notes from circulation

RBI withdraws Rs 2,000 notes from circulation

The Rs 2,000 note, born during demonetisation, will be buried by 30 September 2023.The Reserve Bank ..

RBI pays Rs 87,416 cr dividend to Centre for FY23

RBI pays Rs 87,416 cr dividend to Centre for FY23

The Reserve Bank of India’s (RBI) board on Friday approved the sum of Rs 87,416 crore as dividend to..

SBI’s annual profit crosses Rs 50,000 crore for first time

SBI’s annual profit crosses Rs 50,000 crore for first time

State Bank of India’s full-fiscal net profit has crossed Rs 50,000 crore, making it the first lender..

Bank of Baroda Q4 net up 168% at Rs 4,775 crore

Bank of Baroda Q4 net up 168% at Rs 4,775 crore

Bank of Baroda has posted a standalone net profit of Rs 4,775 crore for the fiscal fourth quarter en..

RBI clears SBI Funds to acquire up to 9.99% stake in HDFC Bank

RBI clears SBI Funds to acquire up to 9.99% stake in HDFC Bank

The Reserve Bank of India (RBI) has allowed asset management company SBI Funds Management to acquire..

ESAF SFB to cut IPO size by 50% to Rs 500 cr

ESAF SFB to cut IPO size by 50% to Rs 500 cr

ESAF Small Finance Bank will soon refile its initial public offering (IPO) document but cut the size..

Go First: Bank of Baroda makes provision of Rs 500 crore in Q4

Go First: Bank of Baroda makes provision of Rs 500 crore in Q4

Bank of Baroda has made a provisioning of Rs 500 crore in the fourth quarter of FY23 against its loa..

Retail inflation eases to 18-month low of 4.7% in April

Retail inflation eases to 18-month low of 4.7% in April

Retail inflation in India has cooled to an 18-month low of 4.7% in April, making the RBI Governor Sh..

RBI slaps penalty on Canara Bank

RBI slaps penalty on Canara Bank

The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.92 crore on state-run Canara Bank for ..

ESAF Bank net profit jumps over four-fold to Rs 302 crore in FY23

ESAF Bank net profit jumps over four-fold to Rs 302 crore in FY23

ESAF Small Finance Bank has reported an over four-fold jump in net profit to Rs 302.33 crore for the..

Morgan Stanley weighs RBI’s expected credit loss impact on banks

Morgan Stanley weighs RBI’s expected credit loss impact on banks

Banks are still trying to figure out what the Reserve Bank of India’s (RBI) proposed expected credit..

NCLT admits Go First’s insolvency plea, lessor challenges in NCLAT

NCLT admits Go First’s insolvency plea, lessor challenges in NCLAT

The National Company Law Tribunal (NCLT) has admitted Go First’s voluntary insolvency plea, a move w..

Pay fee, charges on forex prepaid cards in rupees: RBI

Pay fee, charges on forex prepaid cards in rupees: RBI

The Reserve Bank of India (RBI) said Tuesday that fees and charges payable in India on forex prepaid..

Canara Bank CEO eyes 12% loan growth, repricing and better margins in FY24

Canara Bank CEO eyes 12% loan growth, repricing and better margins in FY24

Canara Bank is in a position to exceed its credit guidance of 12%, reprice its loans, expand net int..

RBI slaps fine on HSBC for wrong credit card data

RBI slaps fine on HSBC for wrong credit card data

The Reserve Bank of India (RBI) has imposed a fine of Rs 1.74 crore on HSBC for violation of rules r..