Banks see credit, deposit growth in 2023

Banks see credit, deposit growth in 2023

Bank credit growth, which has been rising since early 2022, stood at 15.4% on 2 June 2023, according..

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..

More than two-thirds of Rs 2,000 notes returned: RBI Governor

More than two-thirds of Rs 2,000 notes returned: RBI Governor

More than two-thirds of the Rs 2,000 currency notes have returned to the banking system a month afte..

Retail loans major contributor to bank credit growth

Retail loans major contributor to bank credit growth

India’s bank credit growth has been powered by retail lending over the last few years and this is cy..

Madhivanan Balakrishnan appointed ED of IDFC First Bank

Madhivanan Balakrishnan appointed ED of IDFC First Bank

Madhivanan Balakrishnan has been elevated to the position of executive director and chief operating ..

SBI MD Swaminathan Janakiraman appointed RBI deputy governor

SBI MD Swaminathan Janakiraman appointed RBI deputy governor

The union government has appointed SBI managing director Swaminathan Janakiraman as a deputy governo..

Why compromise settlement with wilful defaulters is being opposed

Why compromise settlement with wilful defaulters is being opposed

The Reserve Bank of India’s (RBI) decision to allow wilful defaulters and loan accounts involved in ..

RBI keeps repo rate unchanged, GDP at 6.5% and inflation at 5.1%

RBI keeps repo rate unchanged, GDP at 6.5% and inflation at 5.1%

The Reserve Bank of India (RBI) has kept the policy repo rate unchanged for the second time in a row..

HDFC Bank official abuses juniors, suspended after video goes viral

HDFC Bank official abuses juniors, suspended after video goes viral

A senior HDFC Bank official in Kolkata was suspended on Monday after a video went viral on social me..

The cursed journey of the Rs 2,000 note

The cursed journey of the Rs 2,000 note

The Rs 2,000 note is a cursed currency. Taking birth during the dark days of demonetisation in Novem..

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..

No form or identity proof required for exchange of Rs 2,000 notes

No form or identity proof required for exchange of Rs 2,000 notes

No form or requisition slip or identity proof is required for exchange of Rs 2,000 notes up to a lim..

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 slaps fine on HSBC for wrong credit card data

RBI slaps fine on HSBC for wrong credit card data

The Reserve Bank of India (RBI) has imposed a fine of Rs 1.74 crore on HSBC for violation of rules r..

Credit growth at 11-year high despite rise in lending rates

Credit growth at 11-year high despite rise in lending rates

Despite rising interest rates, global uncertainties and supply-chain issues, loan growth in FY2023 h..