RBI allows banks to increase charges on ATM cash withdrawals beyond free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
RBI imposes penalty of Rs 75 lakh on HDFC Bank for non-compliance with KYC norms; Punjab & Sind Bank was fined Rs 68.20 lakh.
This is largest dollar-denominated syndicated loan this year from India; foreign-currency loans have declined 30% to $3.2 bn in 2025.
RBI makes major changes in priority sector lending norms, including raising loan limits for housing and renewable energy.
Yes Bank had transferred its stressed assets loan portfolio to the tune of Rs 48,000 crore to JC Flowers ARC in December 2022.
After a Rs 11,000 crore mop up, IndusInd Bank has raised another Rs 2,750 crore by issuing CDs across a range of maturities at a coupon rate of 7.90%.
Amid deposit withdrawals following disclosure of accounting discrepancy in derivatives book, IndusInd Bank raises Rs 11,000 cr by selling CDs; move to boost investor confidence.
PwC’s external audit report will help determine who is responsible for accounting discrepancy in IndusInd Bank, says Ashok Hinduja; lender has not sought any fresh capital from promoters.
Reserve Bank of India and the Bank of Mauritius have signed a pact to set up a framework to promote the use of the Indian rupee and the Mauritian rupee for cross-border transactions.
Highest write off of Rs 2,36,265 cr was in 2018-19 and lowest of Rs 58,786 cr was in 2014-15 in the last decade; in FY24, write off amount was Rs 1,70,270 cr.
SBI had planned to raise up to Rs 15,000 crore through bond sales before March-end; will now tap the market in FY26.
RBI assures depositors that there is no need to react to speculative reports at this juncture; directs IndusInd Bank's board to complete remedial action in Q4 following Rs 2,100 crore accounting discrepancy disclosed by private lender.
Bank Unions say its two-day nationwide strike on March 24 and 25 will be observed as scheduled since discussions with IBA over key demands fail to yield any positive outcome.
IndusInd Bank CEO Sumant Kathpalia and Deputy CEO Arun Khurana sold shares to make a get gain of Rs 157 crore during 2023 and 2024.
RBI asks board of IndusInd Bank to look for external candidates for the post of Chief Executive Officer and Chief Operating officer.
