NBFCs become one-fourth the size of commercial banks

NBFCs become one-fourth the size of commercial banks

The asset base of non-banking financial companies (NBFCs) has become almost a quarter of the balance..

Canara Bank, HDFC Bank get RBI nod for rupee trade with Russia

Canara Bank, HDFC Bank get RBI nod for rupee trade with Russia

The Reserve Bank of India (RBI) has allowed private lender HDFC Bank and state-run Canara Bank to op..

Govt appoints 10 executive directors for public sector banks

Govt appoints 10 executive directors for public sector banks

The government has approved the appointment of ten executive directors in various public sector bank..

DSP Investment Managers to buy 10% of Equitas SFB

DSP Investment Managers to buy 10% of Equitas SFB

DSP Investment Managers will buy a nearly 10% stake in Equitas Small Finance Bank for an undisclosed..

Govt extends tenure of public sector bank MDs to 10 years

Govt extends tenure of public sector bank MDs to 10 years

Aiming to provide stability at the top and retain talent, the government has raised the maximum tenu..

Uday Kotak’s son not in Kotak Mahindra Bank CEO race

Uday Kotak’s son not in Kotak Mahindra Bank CEO race

Kotak Mahindra Bank will not have Uday Kotak’s son in the race to replace him as the next chief exec..

SBI ups loan interest rates again

SBI ups loan interest rates again

State Bank of India (SBI) has hiked its marginal cost of funds-based lending rate (MCLR) across teno..

HDFC to raise Rs 5,500 cr via bonds

HDFC to raise Rs 5,500 cr via bonds

HDFC, India’s largest mortgage lender, will raise up to Rs 5,500 crore by issuing secured redeemable..

RBI may go for small rate hike in Dec as inflation drops to 6.77%

RBI may go for small rate hike in Dec as inflation drops to 6.77%

Retail inflation cooled to a three-month low of 6.77% in October, prompting speculation that the Res..

Banks rely on CDs as loan growth surges

Banks rely on CDs as loan growth surges

With credit growth far outstripping deposit accretion, banks are raising funds through certificates ..

Inflation target of 6% should remain, says RBI Guv

Inflation target of 6% should remain, says RBI Guv

The Reserve Bank of India (RBI) is not in favour of changing the inflation target even as it has fai..

PNB’s special 600-day FD scheme offers maximum interest of 7.85%

PNB’s special 600-day FD scheme offers maximum interest of 7.85%

Punjab National Bank has introduced a special 600-day fixed deposit scheme, offering interest rates ..

Govt to exit Axis Bank with 1.55% stake sale via OFS

Govt to exit Axis Bank with 1.55% stake sale via OFS

The Specified Undertaking of the Unit Trust of India (SUUTI), under the Union government, will sell ..

Punjab & Sind Bank Q2 net up 27% at Rs 278 cr

Punjab & Sind Bank Q2 net up 27% at Rs 278 cr

State-owned Punjab & Sind Bank is getting a makeover under its new managing director and CEO, Sw..

SBI’s strong Q2 performance indicates credit growth revival in economy

SBI’s strong Q2 performance indicates credit growth revival in economy

State Bank of India (SBI), which became the country’s most profitable company in the fiscal second q..