SBI reports record quarterly profit, net at Rs 6,504 cr

SBI reports record quarterly profit, net at Rs 6,504 cr

State Bank of India (SBI) reported its highest quarterly net profit, seeing a 55% surge in the June ..

The changing trends in the credit card marketplace

The changing trends in the credit card marketplace

The credit card marketplace is seeing some disruption, thanks to Covid-19 and the Reserve Bank of In..

Developments in Vodafone Idea a matter of concern for banks

Developments in Vodafone Idea a matter of concern for banks

Vodafone Idea’s debt of Rs 1.80 lakh crore is a matter of grave concern for the banking industry as ..

RBI extends deadline to implement new current account norms

RBI extends deadline to implement new current account norms

The Reserve Bank of India (RBI) has given banks further time till 31 October 2021 to streamline thei..

Bank of India Q1 net down 15% at Rs 720 crore

Bank of India Q1 net down 15% at Rs 720 crore

State-owned Bank of India reported a 14.7% drop in net profit to Rs 720 crore in the fiscal first qu..

IOB in talks with Union Bank of India to sell stake in Malaysian bank

IOB in talks with Union Bank of India to sell stake in Malaysian bank

Indian Overseas Bank (IOB) is in talks with the Union Bank of India to sell its 35% stake in India I..

PNB eyes recovery of Rs 14,000 cr in 3 qtrs; to shut 1,000 branches

PNB eyes recovery of Rs 14,000 cr in 3 qtrs; to shut 1,000 branches

Punjab National Bank (PNB) is looking to recover Rs 14,000 crore from bad loans during the three qua..

Inside the RBI ban on Mastercard

Inside the RBI ban on Mastercard

There have been thirteen days without Mastercard adding new business in India. This is not what the ..

Sale of two PSU banks deferred to next fiscal

Sale of two PSU banks deferred to next fiscal

The government may defer the sale of two public sector banks to next financial year as the procedura..

Canara Bank Q1 net nearly triples to Rs 1,177 cr

Canara Bank Q1 net nearly triples to Rs 1,177 cr

Canara Bank reported a nearly three-fold jump in its fiscal first quarter net profit to Rs 1,177 cro..

PM Modi launches digital payment solution e-RUPI

PM Modi launches digital payment solution e-RUPI

Prime Minister Narendra Modi on Monday launched e-RUPI, an electronic voucher-based digital payment ..

HDFC Q1 net down 1.69% at Rs 3,001 cr

HDFC Q1 net down 1.69% at Rs 3,001 cr

Housing Development Finance Corporation (HDFC) reported a 1.69% drop in its standalone net profit fo..

RBL Bank slips into net loss in Q1

RBL Bank slips into net loss in Q1

RBL Bank reported a net loss of Rs 459.47 crore for the June quarter as against a net profit of Rs 1..

Dhoot moves NCLAT against Anil Agarwal’s Videocon takeover bid

Dhoot moves NCLAT against Anil Agarwal’s Videocon takeover bid

Former Videocon promoter Venugopal Dhoot has moved the NCLAT challenging the insolvency tribunal’s o..

SBI waives processing fees on home loans till 31 Aug

SBI waives processing fees on home loans till 31 Aug

State Bank of India (SBI) has waived the processing fees on home loans till 31 August.Currently, the..