RBI warns banks against ‘lakhs of accounts’ used for fraud and evergreening

RBI warns banks against ‘lakhs of accounts’ used for fraud and evergreening

The Reserve Bank of India (RBI) has cautioned banks against having “lakhs of accounts” used for frau..

Four PSU banks pay Rs 6,481 crore dividend to Govt

Four PSU banks pay Rs 6,481 crore dividend to Govt

Four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs..

RBI Deputy Guv flags concerns over NBFCs’ disclosure standards

RBI Deputy Guv flags concerns over NBFCs’ disclosure standards

Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has flagged concerns over quality of dis..

RBI fines PNB for KYC violations

RBI fines PNB for KYC violations

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.31 crore on Punjab National B..

PNB Q1 loan book outpaces deposit growth

PNB Q1 loan book outpaces deposit growth

Punjab National Bank's global loan book grew 12.7% year-on-year to Rs 10.3 lakh crore in the first q..

Canara Bank, Karnataka state police ink MoU for premium payroll accounts

Canara Bank, Karnataka state police ink MoU for premium payroll accounts

Canara Bank has signed a Memorandum of Understanding (MoU) with the Karnataka State Police for premi..

RBI’s risk weightage: Personal loan rates surge

RBI’s risk weightage: Personal loan rates surge

Private lenders such as ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Axis Bank have raised interes..

Interest rates on small savings schemes unchanged

Interest rates on small savings schemes unchanged

The government has not changed the interest rates on small savings schemes for the quarter beginning..

Setty set to be next SBI chairman

Setty set to be next SBI chairman

Challa Sreenivasulu Setty is set to be the next chairman of State Bank of India (SBI) as the Financi..

Bank unions write to FM for merger of RRBs with sponsor banks

Bank unions write to FM for merger of RRBs with sponsor banks

Two bank unions -- AIBOC and AIBEA -- have demanded the merger of Regional Rural Banks (RRBs) with t..

RBI’s worry on personal loans below Rs 50,000

RBI’s worry on personal loans below Rs 50,000

The Reserve Bank of India (RBI) has identified consumer credit, particularly in sub Rs 50,000 person..

RBI unveils SAARC currency swap framework until 2027

RBI unveils SAARC currency swap framework until 2027

The Reserve Bank of India (RBI) has put in place a revised framework on currency swap arrangements w..

Indian banks’ bad loan ratio at 12-year low: RBI report

Indian banks’ bad loan ratio at 12-year low: RBI report

The sharp fall in bad loans of Indian banks to a 12-year low of 2.8% and strong GDP numbers will hel..

SBI raises Rs 10,000 cr via infra bonds

SBI raises Rs 10,000 cr via infra bonds

State Bank of India (SBI) has raised Rs 10,000 crore via infrastructure bonds to fund projects in se..

Canara Bank regains control of official X page

Canara Bank regains control of official X page

Canara Bank said today it has regained complete access and controls to its official X page, @canarab..