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RBI initiates transition plan: Small finance banks to ascend to universal banking status
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…
ANI
RBI action on Kotak Mahindra Bank may restrain credit growth, profitability: S&P
Credit cards are a higher-yielding target growth segment for Kotak Mahindra Bank. This portfoli…
PTI
Kotak Mahindra Bank shares tank 13%; mcap erodes by ₹37,721 crore post RBI action
At the NSE, it tumbled 13 per cent to the 52-week low of Rs 1,602. The company's market ca…
PTI
RBI bars Kotak Mahindra Bank from onboarding new customers via online, issuing fresh credit cards
"Serious deficiencies and non-compliances were observed in the areas of IT inventory management…
PTI
Credit and profitability of banks to moderate in FY25, says ICRA
The Indian banking sector’s rating has been revised to stable from positive by rating agency ICRA o…
Banks' GNPAs set to improve further to 2.1 pc by FY25: Care Ratings
The gross non-performing assets (GNPA) of the Indian banking system are set to improve further to u…
PTI
Indian banks expected to maintain profitability amid margin pressure: Fitch Ratings
According to Fitch, while net interest margins (NIMs) are anticipated to narrow by 10 to 20 basis p…
ANI
Incomes are either rising too slowly or falling at the lower end of the bracket
India’s gross domestic product (GDP) has been growing at a much faster clip than expected — most go…
Even in the digital age, banks need brick and mortar presence, especially in Hindi heartland
In the age of digital banking, there are very few reasons to step into the bank. Even if one decide…
Public sector banks asked to reassess gold loan process amid debt risk concerns
The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…
ANI
Electoral bonds: SC rejects SBI's plea for time extension, directs it to furnish details by tomorrow
A five-judge Constitution bench of the Supreme Court on Monday dismissed the State Bank of India's …
PTI
DBS Bank says it deducted 27% salary of its CEO Gupta for tech glitches in 2023
The salary of DBS Bank's Indian origin chief executive Piyush Gupta was cut by a hefty 27 per cent …
PTI
RBI directs card issuers to offer choice among card networks, bans restrictive agreements
According to a press release, the central bank prohibited card issuers from entering into agreement…
ANI
Too many regulatory guardrails could impede growth rate: Uday Kotak
Veteran banker Uday Kotak on Tuesday said that too much regulatory guardrails could impede economic…
PTI
Vijay Shekhar Sharma steps down as Paytm Payments Bank Chairman
Financial services company Paytm said on Monday that Vijay Shekhar Sharma has stepped down as Non-E…
Consumption loans take a breather in July-September 2023 period, even as delinquencies rise
India’s retail loan growth moderated in the second quarter of FY24, especially in consumption-led s…
SBI’s core business stays strong despite one-time hit on account of higher wage costs in Q3
India’s largest bank SBI saw its third quarter profits slip by 35.5% as it took a ₹7,100 exceptiona…
IOB Q3 profit jumps 30% to ₹723 cr on improvement in core income
State-owned Indian Overseas Bank (IOB) on Wednesday reported 30 per cent rise in net profit at Rs 7…
PTI
Canara Bank posts 27% jump in net profit for Oct-Dec quarter
Canara Bank on Wednesday reported a 26.87% increase in net profit to Rs 3,656 crore for the October…
Indian Bank Q3 profit surges 52% to ₹2,119 crore
The public sector Indian Bank on Wednesday reported a 52 per cent jump in net profit at Rs 2,119 cr…
PTI
Banks continue to spook markets after HDFC Bank’s LDR shock in Q3
HDFC Bank opened 2.5% lower on Thursday, after a sharp 9% plunge on Wednesday as its third quarter …
Plan in advance: Banks shut in Jan 2024 for New Year, Republic Day and more
In India, both public sector and private sector banks follow the guidelines issued by the Reserv…
Plan your year-end – Banks shut for nine days all over India in December
Understanding the bank holidays in India is not only a practical necessity but also an opportunity …
RBI curbs on Bajaj Finance not a structural issue, multiples derating likely if issue persists
The Reserve Bank of India earlier this month has directed Bajaj Finance “to stop sanction and disbu…
RBI slaps fines on Axis Bank, Manappuram Finance
The Reserve Bank on Thursday imposed a monetary penalty of Rs 90.92 lakh on Axis Bank and Rs 42.78 …