MTNL defaults on Rs 5,726.29 cr loans, Union Bank biggest exposure

MTNL defaults on Rs 5,726.29 cr loans, Union Bank biggest exposure

State-owned MTNL has defaulted on a total payment of Rs 5,726.29 crore, comprising a principal amoun..

ARCs need to standardise credit bureau reporting: RBI

ARCs need to standardise credit bureau reporting: RBI

The Reserve Bank of India has directed asset reconstruction companies (ARCs) to set up a standard op..

IMPS fraud: UCO Bank has slim chance of full recovery this fiscal

IMPS fraud: UCO Bank has slim chance of full recovery this fiscal

UCO Bank has recovered about 90% of the Rs 820 crore which was erroneously transferred to several of..

AU SFB seeks RBI nod to become universal bank

AU SFB seeks RBI nod to become universal bank

Jaipur-based AU Small Finance Bank has submitted an application to the Reserve Bank of India (RBI) t..

RBI to launch ULI to ease credit flow to small borrowers

RBI to launch ULI to ease credit flow to small borrowers

After UPI has revolutionised the retail payment system, the Reserve Bank of India (RBI) is all set t..

PNB launches debit card for visually impaired

PNB launches debit card for visually impaired

State-run Punjab National  Bank has launched a braille debit card, designed specifically for th..

Setty to be SBI chairman from 28 August

Setty to be SBI chairman from 28 August

The government of India has appointed Challa Sreenivasulu Setty as the next chairman of State Bank o..

PSU banks’ compensation against fraud rises over three-fold in FY24: FM

PSU banks’ compensation against fraud rises over three-fold in FY24: FM

Public sector banks have reported over three-fold jump in compensation towards frauds or e-frauds re..

RBI issues new norms for wilful defaulters

RBI issues new norms for wilful defaulters

The Reserve Bank of India (RBI) has issued new norms on wilful defaulters, directing banks and NBFCs..

RBI asks banks to give borrowers 21-day notice before fraud tag

RBI asks banks to give borrowers 21-day notice before fraud tag

The Reserve Bank of India (RBI) has directed banks and other financial institutions to give defaulti..

RBI warns banks against ‘lakhs of accounts’ used for fraud and evergreening

RBI warns banks against ‘lakhs of accounts’ used for fraud and evergreening

The Reserve Bank of India (RBI) has cautioned banks against having “lakhs of accounts” used for frau..

Bank fraud cases up 166%, value falls

Bank fraud cases up 166%, value falls

The number of fraud cases reported in banks have gone up in FY24 but the total value has decreased, ..

Axis Bank extends Amitabh Chaudhry’s term as CEO for 3 more years

Axis Bank extends Amitabh Chaudhry’s term as CEO for 3 more years

Axis Bank has re-appointed Amitabh Chaudhry as its chief executive officer and managing director for..

Public sector banks have no power to issue look out circulars to defaulters: Bombay HC

Public sector banks have no power to issue look out circulars to defaulters: Bombay HC

The Bombay High Court on Tuesday ruled that public sector banks do not have the power in law to issu..

AU SFB launches slew of products

AU SFB launches slew of products

AU Small Finance Bank has launched a slew of products, including Rupay credit card and ATM insurance..