Banks increase loan rates as deposit costs rise

Banks increase loan rates as deposit costs rise

Consumer loans are getting costlier. Bank of Baroda, Canara Bank and UCO Bank have raised their benc..

Banking Laws (Amendment) Bill proposes significant changes

Banking Laws (Amendment) Bill proposes significant changes

The Banking Laws (Amendment) Bill, 2024, introduced today by Finance Minister Nirmala Sitharaman in ..

RBI keeps repo rate unchanged, retains GDP and inflation forecast for FY25

RBI keeps repo rate unchanged, retains GDP and inflation forecast for FY25

The Reserve Bank of India (RBI) has kept the repo rate unchanged for the ninth consecutive time whil..

RBI warns banks, NBFCs on gold, home loan top-up push

RBI warns banks, NBFCs on gold, home loan top-up push

The Reserve Bank of India (RBI) has warned against the surge in top-up  housing loans and point..

Cheques to now be cleared in a few hours

Cheques to now be cleared in a few hours

Now expect cheques to be cleared within hours, benefitting both the payer and the payee. The Re..

Union Bank of India revises deposit rates

Union Bank of India revises deposit rates

Union Bank of India has raised interest rates on fixed deposits. The state-run bank is offering a sp..

Setty to be SBI chairman from 28 August

Setty to be SBI chairman from 28 August

The government of India has appointed Challa Sreenivasulu Setty as the next chairman of State Bank o..

Banks write off Rs 9.90 lakh crore loans in last 5 years

Banks write off Rs 9.90 lakh crore loans in last 5 years

Indian banks have written off loans worth Rs 1.70 lakh crore in 2023-24, Minister of State for Finan..

PSU banks’ compensation against fraud rises over three-fold in FY24: FM

PSU banks’ compensation against fraud rises over three-fold in FY24: FM

Public sector banks have reported over three-fold jump in compensation towards frauds or e-frauds re..

Rupee slips to new low of 83.95 against US dollar

Rupee slips to new low of 83.95 against US dollar

The Indian rupee depreciated by 11 paise on Tuesday to touch a record low of 83.95 against the US do..

RBI sets guidelines to manage model risks in credit

RBI sets guidelines to manage model risks in credit

The Reserve Bank of India (RBI) has laid down broad principles for management of model risks in cred..

NPAs on Mudra loans fall significantly: Finance Minister

NPAs on Mudra loans fall significantly: Finance Minister

Non-performing assets (NPAs) on Mudra loans have seen a significant fall in both public and private ..

SBI’s net profit in 4 years is higher than previous 64, says Chairman Khara

SBI’s net profit in 4 years is higher than previous 64, says Chairman Khara

State Bank India's net profit for the past four years has been higher than the cumulative profit ear..

Customers of several co-operative, regional rural banks affected due to ransomware attack

Customers of several co-operative, regional rural banks affected due to ransomware attack

Customers of several co-operative banks and regional rural banks (RRBs) across the country were not ..

RBI issues norms to boost payment systems’ safety

RBI issues norms to boost payment systems’ safety

The Reserve Bank of India (RBI) today said non-bank payment system operators (PSOs) will have to put..