RBI tweaks norms on acquisitions in banks

RBI tweaks norms on acquisitions in banks

The Reserve Bank of India (RBI) on Monday tweaked norms related to acquisition and holding of shares..

HDFC Bank Q3 net up 18.5% at Rs 12,259 crore

HDFC Bank Q3 net up 18.5% at Rs 12,259 crore

HDFC Bank, India’s largest private sector lender, reported an 18.5% year-on-year jump in net profit ..

Retail inflation eases to 5.72% in December

Retail inflation eases to 5.72% in December

India’s retail inflation eased to a one-year low of 5.72 % and stayed below the RBI’s upper toleranc..

The turnaround story of public sector banks

The turnaround story of public sector banks

Public sector Banks have turned around, after posting a net loss of Rs 85,390 crore in 2017. They en..

SBI MD Setty’s tenure extended by 2 years

SBI MD Setty’s tenure extended by 2 years

The government has extended the term of State Bank of India managing director Challa Sreenivasulu Se..

Rupee likely to have appreciating streak in 2023

Rupee likely to have appreciating streak in 2023

After ending 2022 as the worst-performing Asian currency with a fall of 11.30% to 82.73 a dollar, th..

BharatPe gets RBI nod to operate as online payment aggregator

BharatPe gets RBI nod to operate as online payment aggregator

Fintech unicorn BharatPe has received an in-principle approval from the Reserve Bank of India (RBI) ..

Chanda Kochhar, husband out on bail

Chanda Kochhar, husband out on bail

The Kochhars, arrested in connection with the ICICI Bank-Videocon loan case, are out on bail. Former..

RBI deputy governor Michael Patra’s term extended by one year

RBI deputy governor Michael Patra’s term extended by one year

The government has extended the term of Michael Debabrata Patra as the deputy governor of the Reserv..

Bank bond issuances hit record high in FY23: Icra

Bank bond issuances hit record high in FY23: Icra

Indian banks are aggressively raising funds through bonds to fund credit growth in an environment wh..

Govt receives multiple bids for majority stake in IDBI Bank

Govt receives multiple bids for majority stake in IDBI Bank

The government has received preliminary bids for a majority stake in IDBI Bank. While no names ..

Canara Bank hikes lending rates

Canara Bank hikes lending rates

Canara Bank has increased its lending rates across tenures by 15 to 25 basis points.The state-owned ..

Why no full-throttle deposit war yet

Why no full-throttle deposit war yet

Despite initial resistance, banks are pushing themselves to a rate war for deposits as credit growth..

Govt, RBI discussing cross-border rupee trade with South Asian nations

Govt, RBI discussing cross-border rupee trade with South Asian nations

The government and the central bank are in discussion with South Asian countries to have cross-borde..

SEBI allows govt stake in IDBI Bank to be reclassified as ‘public’

SEBI allows govt stake in IDBI Bank to be reclassified as ‘public’

Capital markets regulator SEBI has allowed the government’s shareholding in IDBI Bank to be reclassi..