IndusInd Bank crisis an episode and not failure, says RBI Guv

IndusInd Bank crisis an episode and not failure, says RBI Guv

Incidents like the accounting lapses in IndusInd Bank or the crisis in New India Cooperative Bank ar..

RBI's new priority sector lending norms from 1 April

RBI's new priority sector lending norms from 1 April

The Reserve Bank of India has revised the guidelines on priority sector lending (PSL), which are to ..

RBI, Bank of Mauritius ink pact to use local currencies in bilateral trade

RBI, Bank of Mauritius ink pact to use local currencies in bilateral trade

Reserve Bank of India and the Bank of Mauritius (BOM) have signed a pact to use local currencies in ..

Bank unions stick to March 24-25 strike as talks with IBA fail

Bank unions stick to March 24-25 strike as talks with IBA fail

India’s bank unions are firm on sticking to its earlier strike call. The United Forum of Bank Unions..

Inflation eases to 3.6% in Feb, second rate cut likely in April

Inflation eases to 3.6% in Feb, second rate cut likely in April

India’s retail inflation fell to a seven-month low of 3.61% in February, mainly due to a slower rise..

Punjab & Sind Bank CEO lines up branch expansion, eyes retail loans

Punjab & Sind Bank CEO lines up branch expansion, eyes retail loans

Punjab & Sind Bank is increasing its physical presence outside the state of Punjab, a market it ..

Bank of Maharashtra cuts interest rate on retail loans

Bank of Maharashtra cuts interest rate on retail loans

Bank of Maharashtra has joined several other lenders to cut interest rate by 25 basis points on reta..

PNB lowers retail loan rates by 25 bps

PNB lowers retail loan rates by 25 bps

The biggies are lowering interest rates, following the Reserve Bank of India’s repo rate cut by 25 b..

SBI Card appoints Salila Pande as MD & CEO from 1 April

SBI Card appoints Salila Pande as MD & CEO from 1 April

SBI Cards and Payment Services has appointed Salila Pande as the managing director and CEO for a per..

New India Coop Bank embezzlement: Arrested official says gave money to builder

New India Coop Bank embezzlement: Arrested official says gave money to builder

The New India Cooperative Bank official arrested for allegedly embezzling Rs 122 crore has admitted ..

Shouldn’t worry about rupee’s daily fluctuations, says RBI Governor

Shouldn’t worry about rupee’s daily fluctuations, says RBI Governor

Reserve Bank Governor Sanjay Malhotra on Saturday said that the the central bank doesn’t target a pa..

RBI Governor flags risks, asks banks to ensure financial stability

RBI Governor flags risks, asks banks to ensure financial stability

RBI Governor Sanjay Malhotra flagged the rise in digital frauds and urged banks to put in place robu..

RBI to conduct daily VRR auctions to infuse liquidity

RBI to conduct daily VRR auctions to infuse liquidity

The Reserve Bank of India (RBI) will conduct daily variable rate repo (VRR) auctions on all working ..

Banks to provide beneficiary account name look-up facility in NEFT, RTGS by Apr 1

Banks to provide beneficiary account name look-up facility in NEFT, RTGS by Apr 1

The Reserve Bank of India (RBI) has asked the National Payments Corporation of India (NPCI) to devel..

RBI allows UPI payments using mobile wallets via third-party apps

RBI allows UPI payments using mobile wallets via third-party apps

The Reserve Bank of India (RBI) has allowed users of prepaid payment instruments (PPI) to make and r..