FM Sitharaman on loan outreach, bank credit and insurance

FM Sitharaman on loan outreach, bank credit and insurance

Finance Minister Nirmala Sitharaman on Wednesday announced a district-wise credit outreach programme..

PSBs' pension contribution for staff hiked to 14%: Govt

PSBs' pension contribution for staff hiked to 14%: Govt

The government has decided to increase the public sector bank (PSB) contribution in New Pension Sche..

Canara Bank raises Rs 2,500 cr via QIP

Canara Bank raises Rs 2,500 cr via QIP

Canara Bank, India’s third-largest public sector bank, has raised Rs 2,500 crore through qualified i..

Sebi orders defreezing of Rana Kapoor's bank accounts

Sebi orders defreezing of Rana Kapoor's bank accounts

Markets regulator Sebi has ordered defreezing of bank accounts as well as share and mutual fund hold..

RBI penalises Dhanlaxmi Bank

RBI penalises Dhanlaxmi Bank

The Reserve Bank of India (RBI) has imposed a penalty of Rs 27.50 lakh on Kerala-based Dhanlaxmi Ban..

Troubled Ujjivan SFB puts Carol Furtado in interim charge

Troubled Ujjivan SFB puts Carol Furtado in interim charge

Rocked by losses, a sharp rise in bad loans and management issues, Ujjivan Small Finance Bank has pu..

Axis Bank Q1 net up 94% at Rs 2,160 cr

Axis Bank Q1 net up 94% at Rs 2,160 cr

Axis Bank reported a standalone net profit of Rs 2,160.15 crore for the fiscal first quarter ended J..

RBI panel proposes 4-tier structure for urban co-operative banks

RBI panel proposes 4-tier structure for urban co-operative banks

The Reserve Bank of India’s expert committee on urban co-operative banks (UCBs) has proposed a four-..

HDFC Bank, Paytm cement ties

HDFC Bank, Paytm cement ties

Less than a week after the Reserve Bank of India allowed HDFC Bank to issue new credit cards, the co..

Sandeep Bakhshi gets RBI nod to remain ICICI Bank boss

Sandeep Bakhshi gets RBI nod to remain ICICI Bank boss

Sandeep Bakhshi, who took charge of ICICI Bank after Chanda Kochchar was unceremoniously removed on ..

HDFC Bank feels Covid impact in Q1

HDFC Bank feels Covid impact in Q1

The second wave of the coronavirus impacted 12% of HDFC Bank’s staff in the fiscal first quarter, le..

SBI offers overseas study loan of up to Rs 1.5 cr

SBI offers overseas study loan of up to Rs 1.5 cr

State Bank of India on Monday announced an overseas loan exclusively for students who want to pursue..

ICICI Bank CEO sets example, relinquishes salary in Covid year

ICICI Bank CEO sets example, relinquishes salary in Covid year

ICICI Bank chief executive Sandeep Bakshi let go a year’s salary due to the coronavirus pandemic whi..

No specific proposal to merge more PSU banks: Govt

No specific proposal to merge more PSU banks: Govt

There is no specific proposal to amalgamate more public sector banks which is currently under consid..

Punjab National Bank CEO clarifies on PNB Housing-Carlyle deal

Punjab National Bank CEO clarifies on PNB Housing-Carlyle deal

Punjab National Bank managing director and CEO SS Mallikarjuna Rao said there was no error of judgem..