Bank union opposes loan melas on NPA fears

Bank union opposes loan melas on NPA fears

Bank unions are against ‘loan melas’ organised by public sector banks as this leads to pile-up of no..

Former Punjab & Sind Bank head takes over as TamilNad Mercantile Bank CEO

Former Punjab & Sind Bank head takes over as TamilNad Mercantile Bank CEO

Tamilnad Mercantile Bank, which will have its initial public offering (IPO) open tomorrow, has appoi..

NCLT recoveries improve in Q1

NCLT recoveries improve in Q1

More number of insolvency cases and more recoveries from them. That is what the latest data shows as..

IndusInd Bank, ADB partner to support supply chain financing

IndusInd Bank, ADB partner to support supply chain financing

IndusInd Bank has partnered Asian Development Bank (ADB) to provide supply chain finance (SCF) solut..

RBI gives banks, NBFCs until end-Nov to comply with new digital lending rules

RBI gives banks, NBFCs until end-Nov to comply with new digital lending rules

The Reserve Bank of India (RBI) has given banks and non-banking financial companies (NBFCs) until th..

SAT rejects Tamilnad Mercantile Bank minority shareholders’ plea, IPO on

SAT rejects Tamilnad Mercantile Bank minority shareholders’ plea, IPO on

The Securities Appellate Tribunal (SAT) has dismissed appeals filed by minority shareholders of Tami..

Yes Bank ups interest rates on NRE and FCNR deposits

Yes Bank ups interest rates on NRE and FCNR deposits

Taking advantage of the Reserve Bank of India’s (RBI) easing of norms to aid incremental foreign fun..

India’s GDP expands 13.5% in Q1

India’s GDP expands 13.5% in Q1

India’s GDP expanded 13.5% in the April-June quarter, its fastest growth in a year, but missed the R..

SBI Card launches cashback-focused credit card

SBI Card launches cashback-focused credit card

SBI Card has launched what it calls the country’s first cashback-focused credit card. Cardholders ca..

Google removes 2,000 loan apps since Jan

Google removes 2,000 loan apps since Jan

Google has removed over 2,000 loan apps from India Play Store since January this year for violating ..

Bank credit grows 14.2% in June quarter

Bank credit grows 14.2% in June quarter

Bank credit growth accelerated to 14.2% in the quarter ended June 2022 compared to 6% a year ago, RB..

Massive asset-liability mismatch in banking sector, says Pronab Sen

Massive asset-liability mismatch in banking sector, says Pronab Sen

A massive asset-liability mismatch in the Indian banking sector could explode anytime, warned noted ..

RBI ban out, American Express can add new customers

RBI ban out, American Express can add new customers

After more than a year, the Reserve Bank of India (RBI) has lifted the restrictions on American Expr..

NARCL CEO to be paid Rs 1.7 crore a year: Report

NARCL CEO to be paid Rs 1.7 crore a year: Report

National Asset Reconstruction Co. Ltd (NARCL) will be paying its CEO a total remuneration of Rs 1.7 ..

Banks source cheap funds by issuing CDs

Banks source cheap funds by issuing CDs

Indian banks are increasing issuance of certificates of deposits (CDs) to secure cheap funding. The ..