NEWS

RBI’s balance sheet up 7% in nine months

RBI’s balance sheet up 7% in nine months

RBI’s balance sheet size is up 6.99% to Rs 57,07,669.13 crore during the nine-month period ended 31 March 2021.

  • 27 May 2021
Bank frauds 25% less in a year amidst Covid-19: RBI

Bank frauds 25% less in a year amidst Covid-19: RBI

Bank frauds in Covid-19 year fall 25% in value terms to Rs 1.38 lakh crore, according to RBI data; number of cases also fall.

  • 27 May 2021
NCLAT stays NCLT order on Wadhawan's offer

NCLAT stays NCLT order on Wadhawan's offer

National Company Law Appellate Tribunal stays NCLT order directing DHFL lenders to consider settlement offer made by mortgage firm’s former promoter Kapil Wadhawan.

  • 26 May 2021
DHFL lenders challenge NCLT order on Wadhawan offer

DHFL lenders challenge NCLT order on Wadhawan offer

DHFL lenders appeal in NCLAT against NCLT’s order which directs them to consider an offer made by former promoter Kapil Wadhawan.

  • 25 May 2021
RBI's Rs 99,122 cr dividend payout to govt higher than expected

RBI's Rs 99,122 cr dividend payout to govt higher than expected

RBI to make its second-highest annual transfer of surplus to the govt; this may not be adequate to absorb revenue losses due to Covid-19.

  • 22 May 2021
NCLT asks DHFL creditors to consider Wadhawan’s settlement offer

NCLT asks DHFL creditors to consider Wadhawan’s settlement offer

NCLT directs lenders of DHFL to consider settlement offer from the company’s ousted promoter Kapil Wadhawan.

    • 20 May 2021
    RBI slaps fine on this Beed-based bank

    RBI slaps fine on this Beed-based bank

    RBI slaps fine of Rs 1 lakh on Priyadarshini Mahila Nagari Sahakari Bank, Beed for violation of certain directions under the Supervisory Action Framework.

    • 20 May 2021
    Govt to earn Rs 4,000 cr via stake sale in Axis Bank

    Govt to earn Rs 4,000 cr via stake sale in Axis Bank

    Govt set to earn close to Rs 4,000 cr from its stake sale in Axis Bank through the Specified Undertaking of the Unit Trust of India.

    • 19 May 2021
    Canara Bank Q4 net at Rs 1,011 cr

    Canara Bank Q4 net at Rs 1,011 cr

    Canara Bank reports standalone net profit of Rs 1,011 cr for the March quarter, turning around from the loss of Rs 3,259 cr a year ago.




    • 19 May 2021
    Federal Bank Q4 net up 59% amid lower provisioning

    Federal Bank Q4 net up 59% amid lower provisioning

    Federal Bank has reported a 58.6% YoY growth in net profit to Rs 477.8 cr for the quarter ended 31 March on account of lower provisioning.

    • 19 May 2021
    Covid: Finance ministry asks states to vaccinate bank, insurance staff on 'priority'

    Covid: Finance ministry asks states to vaccinate bank, insurance staff on 'priority'

    Finance ministry asks states to vaccinate bank and insurance employees on priority basis as they run high risks during the period of Covid-19 pandemic.

    • 14 May 2021
    SBI has lost over 520 employees to Covid

    SBI has lost over 520 employees to Covid

    The second wave has been more brutal and taken away many younger SBI officials; bank has taken several measures to combat Covid.
    By Manju AB

    • 14 May 2021
    India let down guard against Covid too early: Uday Kotak

    India let down guard against Covid too early: Uday Kotak

    Kotak Mahindra Bank lost 17 employees due to Covid in a month’s time; saving lives scores over everything else, says Uday Kotak.

    • 14 May 2021
    SBI has lost over 520 employees to Covid

    SBI has lost over 520 employees to Covid

    The second wave has been more brutal and taken away many younger SBI officials; bank has taken several measures to combat Covid.

    • 14 May 2021
    Covid impact: Moody’s cuts India's GDP forecast to 9.3%

    Covid impact: Moody’s cuts India's GDP forecast to 9.3%

    Moody’s has cut India’s GDP forecast to 9.3%, which is sharply lower than its earlier projection of 13.7%.

    • 12 May 2021