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..

Post-merger, HDFC to rank as one of world’s most valuable banks

Post-merger, HDFC to rank as one of world’s most valuable banks

The merger of parent HDFC with HDFC Bank will make it one of the world’s most valuable banks, markin..

Credit card bad debt doubles to 18% for state-run banks: RBI

Credit card bad debt doubles to 18% for state-run banks: RBI

Bad debt from credit cards in public sector banks has doubled to 18% at the end of FY2023, the Reser..

Banks see credit, deposit growth in 2023

Banks see credit, deposit growth in 2023

Bank credit growth, which has been rising since early 2022, stood at 15.4% on 2 June 2023, according..

Banks’ bad loans fall to decadal low, may improve further: RBI

Banks’ bad loans fall to decadal low, may improve further: RBI

The bad loan ratio for Indian banks touched a ten-year low of 3.9% aBad loan ratio for Indian banks ..

Over 72% of withdrawn Rs 2,000 notes return to banks: Report

Over 72% of withdrawn Rs 2,000 notes return to banks: Report

A month after the Reserve Bank of India (RBI) started the process of withdrawal of Rs 2,000 notes, o..

RBI fines three banks

RBI fines three banks

The Reserve Bank of India (RBI) on Friday penalised three banks, including Axis Bank, Bank of Mahara..

RBI’s 4 key measures to strengthen 1,514 urban co-operative banks

RBI’s 4 key measures to strengthen 1,514 urban co-operative banks

The Reserve Bank of India (RBI) has notified four key measures with the aim of strengthening 1,514 u..

50% of Rs 2,000 notes back in banks, no plans to withdraw Rs 500 notes: RBI Guv

50% of Rs 2,000 notes back in banks, no plans to withdraw Rs 500 notes: RBI Guv

Around 50% of Rs 2,000 notes in circulation has returned to the banking system since the announcemen..

RBI allows banks to issue RuPay prepaid forex cards

RBI allows banks to issue RuPay prepaid forex cards

The Reserve Bank of India (RBI) has permitted RuPay to issue foreign currency cards, a move that wil..

RBI Governor cautions banks on loan evergreening, governance gaps

RBI Governor cautions banks on loan evergreening, governance gaps

The Reserve Bank of India (RBI) has cautioned banks against trying to conceal the real status of the..

Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23

Public sector banks’ total profit crosses Rs 1 lakh crore-mark in FY23

The cumulative profit of public sector banks (PSBs) has crossed the Rs 1 lakh crore-mark in the fina..

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..