RBI promptly clarifies that there are no material concerns regarding HDFC Bank’s conduct or governance, hours after resignation of part-time chairman Atanu Chakraborty citing ethical issues.
Under Digi MSME Prime, loan eligibility is primarily assessed through GST turnover and business cash flows; reduces need for extensive documentation.
Secured lenders led by SBI seek disbursal of claim amounts from Rs 5,100 crore deposited by Sterling Biotech; total outstanding against group companies is at Rs 19,283.77 crore.
Bids by Fairfax and Emirates NBD fall below reserve price; Govt likely to reexamine and restart process of IDBI Bank sale.
For last 11 fiscals, Indian banks have written off loans worth Rs 19.05 lakh crore; in FY25, loan write-off was Rs 1.72 lakh crore, with retail accounting for Rs 45,404 crore.
ABG Shipyard sits at top of wilful defaulters list with Rs 6,695 crore due to banks, according to FM Nirmala Sitharaman; Gitanjali Gems, Beta Napthol and Rakesh Wadhawan follow.
Under ‘PNB Digi Shrestha Digital Loan Scheme’, eligible women borrowers can avail loans up to Rs 5 lakh through a fully digital sanction and account opening process.
The transaction is the first of its kind by SBI; it is expected to be the largest gender-themed loan globally.
Rupee slumps to all-time low of 92.18 per dollar; spike in crude oil and disruption of trade flows leads to prospects of inflation and current account deficit being impacted.
State Bank of India recruits 5,783 junior associates to strengthen its customer service and branch ops; 9,00,771 candidates had applied.
IDFC First Bank pays entire principal and interest amount of Rs 583 crore to departments of Haryana government.
RBI Governor Sanjay Malhotra assures that Rs 590-crore fraud at IDFC First Bank is not a “systemic issue”; says central bank is keeping a watch on the developments around it.
IDFC First Bank is all out to ‘get to the bottom of it’ and ‘no one will be spared’, says CEO V Vaidyanathan; the fraud is an isolated case and is confined to one client and one branch in Chandigarh.
IDFC First Bank flags fraud at Chandigarh branch involving accounts linked to Haryana govt; among other measures, suspends four suspected officials and appoints KPMG to conduct forensic audit.
AU Small Finance Bank starts internal probe and puts certain employees off duty until investigations after Haryana state de-empanels it from undertaking govt business.
