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..

Why small finance banks are in no hurry to become universal banks

Why small finance banks are in no hurry to become universal banks

Considering the huge unsecured microfinance loans on their books, the small finance banks (SFBs) are..

RBI whip: Axis Bank overtakes Kotak Mahindra Bank to become 4th most-valued bank

RBI whip: Axis Bank overtakes Kotak Mahindra Bank to become 4th most-valued bank

Kotak Mahindra Bank has seen a massive 13% erosion in market value after the Reserve Bank of India (..

UPI can become world leader in payments: RBI Guv

UPI can become world leader in payments: RBI Guv

UPI, developed by National Payments Corporation of India (NPCI), has room to grow and can become the..

FSIB recommends Vinay Tonse for MD post in SBI

FSIB recommends Vinay Tonse for MD post in SBI

Vinay M Tonse is set to become the managing director of the State Bank of India (SBI).The Financial ..

Small savings schemes become competitive with bank FDs

Small savings schemes become competitive with bank FDs

The government has raised the interest rates of small savings schemes by up to 70 basis points for t..

FSIB recommends Ashwani Kumar for MD post of UCO Bank

FSIB recommends Ashwani Kumar for MD post of UCO Bank

Ashwani Kumar’s name has been recommended by FSIB, the headhunter for directors of state-owned banks..

Retail loans can become a systemic risk, cautions RBI

Retail loans can become a systemic risk, cautions RBI

Retail loans, which had grown exponentially while corporate credit stayed muted in the last couple o..

NBFCs become one-fourth the size of commercial banks

NBFCs become one-fourth the size of commercial banks

The asset base of non-banking financial companies (NBFCs) has become almost a quarter of the balance..

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Manimekhalai becomes first woman CEO of Union Bank; govt names 2 more heads of PSBs

Mumbai-based Union Bank of India will have a woman boss for the first time. A Manimekhalai, executiv..

Post-merger, HDFC Bank will become twice the size of ICICI Bank

Post-merger, HDFC Bank will become twice the size of ICICI Bank

HDFC Bank will become twice the size of ICICI Bank after it absorbs HDFC Ltd with itself, global rat..

Axis Bank becomes co-promoter of Max Life

Axis Bank becomes co-promoter of Max Life

Axis Bank and two of its subsidiaries have become the co-promoters of Max Life Insurance Company aft..