UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

UPI to account for 90% of retail digital transactions in 5 years: RBI bulletin

Unified Payments Interface (UPI) is expected to account for 90% of retail digital transactions volum..

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

ARCs’ retail loan recovery slows down by 35% due to OTS scheme

Recoveries by asset reconstruction companies (ARCs) across retail loans such as housing and MSME hav..

SBI plans to raise Rs 50,000 cr in FY24 via debt

SBI plans to raise Rs 50,000 cr in FY24 via debt

State Bank of India will raise up to Rs 50,000 crore via debt instruments from Indian as well as ove..

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..

IDFC First Bank posts highest-ever quarterly profit, plans to raise Rs 5,000 cr

IDFC First Bank posts highest-ever quarterly profit, plans to raise Rs 5,000 cr

The financial year ending 31 March 2023 has been a defining year for IDFC First Bank. The private le..

SBI gets Rs 17,000 cr of Rs 2,000 notes deposited or exchanged: Chairman Khara

SBI gets Rs 17,000 cr of Rs 2,000 notes deposited or exchanged: Chairman Khara

The State Bank of India (SBI) has so far collected an estimated Rs 17,000 crore worth of Rs 2,000 no..

Why IDFC First Bank boss Vaidyanathan is in favour of dumping the Rs 2,000 banknote

Why IDFC First Bank boss Vaidyanathan is in favour of dumping the Rs 2,000 banknote

The Rs 500 note as the highest denomination currency is more than enough for India, IDFC First Bank ..

Retail inflation eases to 18-month low of 4.7% in April

Retail inflation eases to 18-month low of 4.7% in April

Retail inflation in India has cooled to an 18-month low of 4.7% in April, making the RBI Governor Sh..

Pay fee, charges on forex prepaid cards in rupees: RBI

Pay fee, charges on forex prepaid cards in rupees: RBI

The Reserve Bank of India (RBI) said Tuesday that fees and charges payable in India on forex prepaid..

UCO Bank records highest-ever net profit for fiscal; to raise Rs 2,000 cr

UCO Bank records highest-ever net profit for fiscal; to raise Rs 2,000 cr

State-owned UCO Bank has reported its highest-ever net profit for a full-fiscal year and is planning..

Punjab & Sind Bank plans branch expansion, fundraising in FY24

Punjab & Sind Bank plans branch expansion, fundraising in FY24

Punjab & Sind Bank is planning to add 20 branches and raise Rs 250 crore in FY24 to fuel its gro..

SBI raises $750 mn via 5-year bonds

SBI raises $750 mn via 5-year bonds

State Bank of India, the country’s largest lender, has concluded the sale of $750-million senior 5-y..

Union Bank of India plans to raise Rs 10,100 cr

Union Bank of India plans to raise Rs 10,100 cr

Union Bank of India’s board has approved raising up to Rs 10,100 crore through a mix of debt and equ..

Bank of Baroda plans to raise up to $7 bn via debt

Bank of Baroda plans to raise up to $7 bn via debt

Bank of Baroda has got the board approval to raise up to $7 billion through bonds and issuance of ce..

More rate hikes possible as fight against inflation not over yet: MPC

More rate hikes possible as fight against inflation not over yet: MPC

The pause in interest rates is tactical and further rate hikes can’t be ruled out as the fight again..