RBI directs banks to compensate borrowers for delay in returning property documents

RBI directs banks to compensate borrowers for delay in returning property documents

The Reserve Bank of India (RBI) has given protection to borrowers when their property documents are ..

RBI starts phasing out incremental CRR to provide banks liquidity

RBI starts phasing out incremental CRR to provide banks liquidity

The Reserve Bank of India (RBI) Friday said it will gradually phase out incremental cash reserve rat..

Banks need to follow these RBI rules at time of resetting loans

Banks need to follow these RBI rules at time of resetting loans

The Reserve Bank of India (RBI) has laid down the guidelines allowing individual borrowers of home, ..

RBI’s CRR hike move to impact margins of banks in Q2

RBI’s CRR hike move to impact margins of banks in Q2

The margins of banks will be impacted and temporary liquidity mismatches created for some of them af..

Major banks mop up Rs 35,000 crore as charges from customers

Major banks mop up Rs 35,000 crore as charges from customers

Major banks have mopped up over Rs 35,000 crore as penal charges in the five years since 2018 for no..

Public sector banks more than double their profits in Q1

Public sector banks more than double their profits in Q1

Public sector banks (PSBs) have more than doubled their profits to Rs 34,774 crore in the fisca..

Banks write-off Rs 14.56 lakh crore of bad loans in nine years: Karad

Banks write-off Rs 14.56 lakh crore of bad loans in nine years: Karad

Banks have written off bad loans worth Rs 14.56 lakh crore in the last nine financial years starting..

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..

RBI says 88% of Rs 2,000 notes returned to banks

RBI says 88% of Rs 2,000 notes returned to banks

As much as 88% of the Rs 2,000 banknotes valued at Rs 3.14 lakh crore have returned to the banking s..

Banks recovered Rs 10 lakh cr from defaulters in last nine years

Banks recovered Rs 10 lakh cr from defaulters in last nine years

Banks have recovered over Rs 10 lakh crore from bad loans during the last nine financial years betwe..

Banks write-off Rs 2.09 lakh crore of bad loans in FY23

Banks write-off Rs 2.09 lakh crore of bad loans in FY23

Banks in India wrote off bad loans worth over Rs 2.09 lakh crore during the fiscal year ended March ..

Public sector banks in real danger of privatisation: AIBOC

Public sector banks in real danger of privatisation: AIBOC

Public sector banks, which play a crucial role in bridging the economic divide in society, are in “r..

DICGC’s new directive to banks to spread deposit insurance scheme awareness

DICGC’s new directive to banks to spread deposit insurance scheme awareness

In a bid to spread awareness about the deposit insurance scheme, DICGC, the RBI subsidiary, has dire..

76% of Rs 2,000 notes returned to banks: RBI

76% of Rs 2,000 notes returned to banks: RBI

The Reserve Bank of India (RBI) on Monday said 76% of the Rs 2,000 notes have returned to banks sinc..

Net profit of state-run banks tripled to Rs 1.04 lakh crore in FY23

Net profit of state-run banks tripled to Rs 1.04 lakh crore in FY23

The profit of public sector banks (PSBs) in the last nine years has tripled to Rs 1.04 lakh crore du..