Retail loans march ahead of corporate credit amid Covid-19

Retail loans march ahead of corporate credit amid Covid-19

A surge in gold loans has pushed retail advances to the top of bank credit for the first time. Loans..

Tamilnad Mercantile Bank files for IPO

Tamilnad Mercantile Bank files for IPO

Private lenderTamilnad Mercantile Bank, which has past record of governance lapses, has filed a draf..

Crypto can’t be currency, needs regulation as asset: ex-RBI deputy Guv

Crypto can’t be currency, needs regulation as asset: ex-RBI deputy Guv

Crypto should be treated and regulated as a separate asset class to enable governments to effectivel..

RBI slaps fine on 2 co-operative banks

RBI slaps fine on 2 co-operative banks

The Reserve Bank of India (RBI) has slapped a fine of Rs 50 lakh on Bombay Mercantile Co-operative B..

Federal Bank partners Visa to launch credit card

Federal Bank partners Visa to launch credit card

The card comes in three variants and is presently being offered to the bank’s existing customers. Na..

RBI fines Axis Bank for due diligence failure on a customer account

RBI fines Axis Bank for due diligence failure on a customer account

The Reserve Bank of India (RBI) has slapped a fine of Rs 25 lakh on Axis Bank for violation of certa..

Jet Airways’ rescue plan set for delay as PNB moves NCLAT

Jet Airways’ rescue plan set for delay as PNB moves NCLAT

The Jet Airways rescue plan has hit an air pocket with Punjab National Bank (PNB) alleging gros..

Google Pay users can book FDs of Equitas SFB without bank account

Google Pay users can book FDs of Equitas SFB without bank account

Now you can book fixed deposits (FDs) digitally without having to open a bank account on a rat..

PMC Bank depositors to get back up to Rs 5 lakh from 30 Nov

PMC Bank depositors to get back up to Rs 5 lakh from 30 Nov

Depositors of stressed banks like Punjab & Maharashtra Cooperative (PMC) Bank are now set to get..

Bank of Baroda ED to head Indian Bank from 1 Sep

Bank of Baroda ED to head Indian Bank from 1 Sep

Bank of Baroda on Monday said Shanti Lal Jain would cease to be its executive director from 1 Septem..

HSBC Asia appoints former SBI chairman as director

HSBC Asia appoints former SBI chairman as director

Banking major HSBC has appointed former SBI chairman Rajnish Kumar as a non-executive director for i..

RBI may launch digital currency trial by Dec: Guv Shaktikanta Das

RBI may launch digital currency trial by Dec: Guv Shaktikanta Das

The RBI is working on phased introduction of a central bank digital currency (CBDC), which will be a..

10 banks in list to manage LIC’s mega IPO

10 banks in list to manage LIC’s mega IPO

Life Insurance Corp of India’s mega initial public offering (IPO) will be handled by 10 investment b..

RBI should be given powers to take action against PSBs

RBI should be given powers to take action against PSBs

The Reserve Bank of India (RBI) has been blamed for being late in detecting frauds or red flagging b..

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Govt approves term extensions of 3 CEOs and 10 EDs of PSU banks

Three chief executives and 10 executive directors of public sector banks have got tenure extensions...