HDFC Bank in talks with global banks to sell $1 bn in loans

HDFC Bank in talks with global banks to sell $1 bn in loans

HDFC Bank, India’s largest private sector lender, is in talks with several global banks to offload n..

Here’s why RBI penalises two leading private sector banks

Here’s why RBI penalises two leading private sector banks

The Reserve Bank of India (RBI) has imposed penalties totalling Rs 2.91 crore on Axis Bank and HDFC ..

How CEOs of private banks got paid in FY24

How CEOs of private banks got paid in FY24

HDFC Bank managing director and CEO Sashidhar Jagdishan continues to be the highest paid bank chief ..

Banks increase loan rates as deposit costs rise

Banks increase loan rates as deposit costs rise

Consumer loans are getting costlier. Bank of Baroda, Canara Bank and UCO Bank have raised their benc..

Nirmala Sitharaman urges banks to have aggression on ‘small’ deposits

Nirmala Sitharaman urges banks to have aggression on ‘small’ deposits

Finance minister Nirmala Sitharaman has urged banks to focus on their core business and explore new ..

RBI warns banks, NBFCs on gold, home loan top-up push

RBI warns banks, NBFCs on gold, home loan top-up push

The Reserve Bank of India (RBI) has warned against the surge in top-up  housing loans and point..

Banks write off Rs 9.90 lakh crore loans in last 5 years

Banks write off Rs 9.90 lakh crore loans in last 5 years

Indian banks have written off loans worth Rs 1.70 lakh crore in 2023-24, Minister of State for Finan..

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..

Customers of several co-operative, regional rural banks affected due to ransomware attack

Customers of several co-operative, regional rural banks affected due to ransomware attack

Customers of several co-operative banks and regional rural banks (RRBs) across the country were not ..

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

PSU banks charge Rs 2,331 cr in FY24 from depositors for low account balances

Public sector banks have charged depositors Rs 2,331 crore penalty for not maintaining monthly avera..

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..

Four PSU banks pay Rs 6,481 crore dividend to Govt

Four PSU banks pay Rs 6,481 crore dividend to Govt

Four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs..

Bank unions write to FM for merger of RRBs with sponsor banks

Bank unions write to FM for merger of RRBs with sponsor banks

Two bank unions -- AIBOC and AIBEA -- have demanded the merger of Regional Rural Banks (RRBs) with t..

Indian banks’ bad loan ratio at 12-year low: RBI report

Indian banks’ bad loan ratio at 12-year low: RBI report

The sharp fall in bad loans of Indian banks to a 12-year low of 2.8% and strong GDP numbers will hel..