Govt clears 12 ED appointments in public sector banks

Govt clears 12 ED appointments in public sector banks

The government has approved the appointments of 12 general managers as executive directors (EDs) of ..

RBI onboards 30 banks on UDGAM portal for unclaimed deposits

RBI onboards 30 banks on UDGAM portal for unclaimed deposits

The Reserve Bank of India (RBI) Thursday said that 30 banks have been onboarded on the UDGAM (Unclai..

Post-merger, HDFC Bank’s CASA dips; surge in credit, deposits

Post-merger, HDFC Bank’s CASA dips; surge in credit, deposits

In the first quarter after merging with mortgage financier HDFC Ltd, private sector lender HDFC Bank..

IFC gets RBI nod to acquire 9.7% stake in Federal Bank

IFC gets RBI nod to acquire 9.7% stake in Federal Bank

The Reserve Bank of India (RBI) has given approval to International Finance Corporation (IFC) to acq..

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

Bank CEO resigns days after Rs 9,000 crore wrongly credited to Chennai cab driver

A week after Rs 9,000 crore was wrongly credited into a taxi driver’s account, Tamilnad Mercantile B..

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

RBI cancels licence of Mumbai-based Kapol Co-operative Bank

The Reserve Bank of India (RBI) has cancelled the licence of Mumbai-based Kapol Co-operative Bank du..

Govt mulls changes in IBC, insurers may get financial creditor status

Govt mulls changes in IBC, insurers may get financial creditor status

The government is considering making changes in the Insolvency and Bankruptcy Code (IBC) to consider..

IREDA inks MoU with Bank of Maharashtra to fund renewable energy projects

IREDA inks MoU with Bank of Maharashtra to fund renewable energy projects

State-owned Indian Renewable Energy Development Agency (IREDA) has signed an MoU with Bank of Mahara..

Federal Bank to add 100 branches in FY24 with eye on SME loans

Federal Bank to add 100 branches in FY24 with eye on SME loans

Kochi-based Federal Bank will add 100 branches this fiscal even as it increases its focus on lending..

ICICI Bank gets RBI nod to make I-Process wholly owned subsidiary

ICICI Bank gets RBI nod to make I-Process wholly owned subsidiary

The Reserve Bank of India (RBI) has given approval to ICICI Bank to make I-Process Services (India) ..

RBI mulls handing over frictionless credit platform to private firm

RBI mulls handing over frictionless credit platform to private firm

After launching a public tech platform last month for frictionless credit delivery, the Reserve Bank..

Fintechs need to set up self-regulatory body: RBI Guv

Fintechs need to set up self-regulatory body: RBI Guv

Fintech companies should set up a self-regulatory body within a year for an orderly growth of the in..

RBI allows pre-sanctioned credit lines through UPI

RBI allows pre-sanctioned credit lines through UPI

Expanding the scope of the UPI, the Reserve Bank of India on Monday said the payments interface syst..

Bank credit outstanding to real estate hits new high in July

Bank credit outstanding to real estate hits new high in July

A large-scale demand revival for housing has pushed bank credit to the real estate sector to an impr..

‘Am committed as stakeholder to see the bank grow’, says Uday Kotak

‘Am committed as stakeholder to see the bank grow’, says Uday Kotak

Billionaire banker Uday Kotak has resigned as managing director and CEO of Kotak Mahindra Bank, effe..