India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

India needs 4-5 more SBI sized big banks: FM Nirmala Sitharaman

The coronavirus pandemic has only accelerated India’s need to have 4-5 more SBI sized banks, Finance..

Banks can sell fraud loans to ARCs: RBI

Banks can sell fraud loans to ARCs: RBI

The Reserve Bank of India (RBI) has allowed lenders to sell loans classified as fraud to asset recon..

SBI Card looks to sell Rs 200 cr of bad loans to ARCs in Q2

SBI Card looks to sell Rs 200 cr of bad loans to ARCs in Q2

SBI Cards & Payment Services (SBI Card), India’s only listed pure-play credit card company, is s..

21 co-operative bank depositors to get up to Rs 5 lakh from DICGC

21 co-operative bank depositors to get up to Rs 5 lakh from DICGC

Depositors of Punjab & Maharashtra Co-operative (PMC) Bank and 20 other stressed co-operative ba..

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

Indian Overseas Bank puts Rs 400 cr of education loans up for sale

State-owned Indian Overseas Bank (IOB), which is under the RBI’s prompt corrective action (PCA) list..

Bad bank gets Rs 30,600 cr govt guarantee support

Bad bank gets Rs 30,600 cr govt guarantee support

The government has set an ambitious plan for the country’s first bad bank, which will get to handle ..

Banks cut rates on retail loans to boost demand

Banks cut rates on retail loans to boost demand

Banks are luring customers with lower interest rates as part of a festive offer as the market has sh..

Bank of Maharashtra celebrates 87th Foundation Day

Bank of Maharashtra celebrates 87th Foundation Day

Born out of the Swadeshi movement, Bank of Maharashtra has continued to play its social role as a pu..

Banks want govt to ease pressure on Vodafone Idea

Banks want govt to ease pressure on Vodafone Idea

Banks led by State Bank of India (SBI) have called on the Indian government to give debt-laden Vodaf..

RBI cautions against fraud in name of KYC updation

RBI cautions against fraud in name of KYC updation

The Reserve Bank of India (RBI) has cautioned bank customers against frauds in the name of KYC updat..

ARCs to find space in MSME, retail assets

ARCs to find space in MSME, retail assets

Even as India’s bad bank takes shape and NARCL looks to handle big-ticket corporate loans, asset rec..

SC urges NCLT, NCLAT to adhere to IBC timelines

SC urges NCLT, NCLAT to adhere to IBC timelines

The Supreme Court has urged the insolvency courts to strictly adhere to the timelines stipulated und..

   Sanjeev Barnal is new CEO of Ujjivan Financial Services

Sanjeev Barnal is new CEO of Ujjivan Financial Services

Ujjivan Financial Services Ltd, the parent of Ujjivan Small Finance Bank, has appointed its company ..

PNB gets nod to raise Rs 6,000 cr via bonds

PNB gets nod to raise Rs 6,000 cr via bonds

Punjab National Bank’s board has approved raising up to Rs 6,000 crore by issuing bonds. The de..

RBI lifts UCO Bank out of PCA list

RBI lifts UCO Bank out of PCA list

After four years of handcuff, Kolkata-headquartered UCO Bank will have no lending restrictions as it..