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’ 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 ..

RBI allows Mahalaxmi Cooperative Bank to operate as NBFC, cancels banking licence

RBI allows Mahalaxmi Cooperative Bank to operate as NBFC, cancels banking licence

The Reserve Bank of India (RBI) has granted non-banking institution licence to Karnataka-based Mahal..

RBI fines Standard Chartered Bank, other entities

RBI fines Standard Chartered Bank, other entities

The Reserve Bank of India (RBI) has slapped penalties on Standard Chartered Bank-India, TransUnion C..

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..

RBI clears SBI Funds to acquire up to 9.99% stake in HDFC Bank

RBI clears SBI Funds to acquire up to 9.99% stake in HDFC Bank

The Reserve Bank of India (RBI) has allowed asset management company SBI Funds Management to acquire..

RBI slaps penalty on Canara Bank

RBI slaps penalty on Canara Bank

The Reserve Bank of India (RBI) has imposed a penalty of Rs 2.92 crore on state-run Canara Bank for ..

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..

RBI closely monitoring biz models of banks: Guv Shaktikanta Das

RBI closely monitoring biz models of banks: Guv Shaktikanta Das

The Reserve Bank of India (RBI) has started closely monitoring the business models of banks and fina..

RBI fines four co-operative banks

RBI fines four co-operative banks

The Reserve Bank of India (RBI) has penalised four co-operative banks amounting to a total of Rs 44 ..

RBI harmonises provisioning norms for urban cooperative banks

RBI harmonises provisioning norms for urban cooperative banks

The Reserve Bank of India has harmonised the provisioning norms for standard assets applicable to al..