RBI fines South Indian Bank

RBI fines South Indian Bank

The Reserve Bank of India has slapped a penalty of Rs 59.20 lakh on South Indian Bank for non-compli..

Union Bank of India revises deposit rates

Union Bank of India revises deposit rates

Union Bank of India has raised interest rates on fixed deposits. The state-run bank is offering a sp..

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Indian Bank aims to recover Rs 7,000 cr of bad loans in FY25, raise Rs 5,000 cr

Chennai-headquartered Indian Bank plans to recover about Rs 7,000 crore of bad loans in the current ..

India needs to generate nearly 80 lakh jobs annually: Economic Survey

India needs to generate nearly 80 lakh jobs annually: Economic Survey

The Indian economy needs to generate nearly 78.5 lakh jobs annually until 2030 in the non-farm secto..

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..

Indian Bank CEO speaks on growth targets in FY25

Indian Bank CEO speaks on growth targets in FY25

Indian Bank managing director and CEO Shanti Lal Jain has set stiff targets on recovery, loan growth..

Central Bank of India CEO MV Rao named IBA chairman

Central Bank of India CEO MV Rao named IBA chairman

Central Bank of India managing director and chief executive officer MV Rao has been elected as the c..

RBI bars Federal Bank, South Indian Bank from adding co-branded credit card customers

RBI bars Federal Bank, South Indian Bank from adding co-branded credit card customers

The Reserve Bank of India (RBI) has directed Federal Bank and South Indian Bank to stop issuing new ..

RBI fines Bank of India, Bandhan Bank

RBI fines Bank of India, Bandhan Bank

The Reserve Bank of India (RBI) has slapped a penalty of Rs 1.4 crore on state-owned Bank of India f..

Fairfax India commits $200 mn to IIFL Finance

Fairfax India commits $200 mn to IIFL Finance

IIFL Finance, which was barred by the Reserve Bank of India (RBI) from disbursing gold loans, has fo..

India’s GDP spikes to 8.4% in Q3

India’s GDP spikes to 8.4% in Q3

India's economic growth grew to 8.4% in the third quarter of 2023-24, mainly due to good performance..

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India plans to raise Rs 3,000 crore via QIP

Union Bank of India on Tuesday approved plans to raise Rs 3,000 crore through a qualified institutio..

Fresh capex by corporate India to fuel next leg of growth: RBI bulletin

Fresh capex by corporate India to fuel next leg of growth: RBI bulletin

The Indian economy continues to sustain the momentum achieved in the first half of 2023-24 and expec..

We are building a bank for underserved middle-end India

We are building a bank for underserved middle-end India

Shares of Jana Small Finance Bank listed at a discount of 4% to the IPO issue price of Rs 414 but ha..

Ashish Vijayakar is new CEO of SBM Bank India

Ashish Vijayakar is new CEO of SBM Bank India

Private sector lender SBM Bank India has appointed Ashish Vijayakar as managing director and chief e..