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Banking

If successful, funds raised via these bonds in the first five months of the current fiscal year started in April will surpass the Rs 544 bn raised in FY 2023-24

Updated On: 12 Jul 2024 | 7:35 PM IST

The Reserve Bank of India on Wednesday permitted banks to use ratings by Brickwork Ratings India Private Limited for loans of up to Rs 250 crore.

Updated On: 10 Jul 2024 | 11:16 PM IST

Due to our lending obligations, we cannot directly lend, we are utilising Sidbi to provide the loans. Approval from the Reserve Bank of India is still pending, Senior official from IPPB said

Updated On: 10 Jul 2024 | 10:30 PM IST

Several other state-owned lenders such as Canara Bank and Bank of India are also planning to raise funds through infrastructure bonds

Updated On: 10 Jul 2024 | 9:46 PM IST

The BNP Paribas GIFT City branch's product offerings aim to tap new business opportunities for its onshore and offshore clients

Updated On: 09 Jul 2024 | 9:22 PM IST

This mechanism provides an additional safety layer to minimise potential losses in case of unauthorised access by fraudsters, PNB said in a statement

Updated On: 09 Jul 2024 | 8:21 PM IST

The top priority will be upgrading the technology platform for digital banking for retaining existing customers and attracting new ones in rural areas

Updated On: 08 Jul 2024 | 11:04 PM IST

Bank of Baroda posted faster growth in advances than in deposits. The loan book of the BoB grew by 1.73 per cent while deposits improved by 1.59 per cent, sequentially

Updated On: 08 Jul 2024 | 10:56 PM IST

Lenders wary after recent RBI guidelines on higher risk weighting for unsecured loans

Updated On: 08 Jul 2024 | 12:51 AM IST

Bank called for a Swiss auction for 5 accounts after receiving binding bids from a list of 25 accounts for sale

Updated On: 07 Jul 2024 | 11:15 PM IST

State-owned Punjab & Sind Bank will continue to focus on branch expansion, and new branches would come up in areas other than the northern region

Updated On: 07 Jul 2024 | 2:56 PM IST

Kesh currently holds the position of executive director & chief operating officer at the bank

Updated On: 06 Jul 2024 | 5:36 PM IST

Shares of the bank fell the most in a month on Friday after it reported flat sequential deposit performance in the quarter ended June

Updated On: 06 Jul 2024 | 12:31 AM IST

The outstanding deposits of Delhi-based PNB stood at Rs 14.08 trillion at the end of June 2024

Updated On: 05 Jul 2024 | 10:23 PM IST

Consequently, the bank ceases to carry on banking business, with effect from the close of business on Friday (July 05, 2024), the Reserve Bank said in a statement

Updated On: 05 Jul 2024 | 8:44 PM IST

It wasn't until earlier this year that the RBI finally released a draft framework that would require financial institutions to devise and disclose their strategies to mitigate climate-related risk

Updated On: 05 Jul 2024 | 7:51 AM IST

The deposits of the SFBs posted a double-digit increase from the quarter ended in June 2024. Deposits of Equitas SFB grew by 35.40 per cent, Capital SFB by 10 per cent, and Suryoday SFB by 42 per cent

Updated On: 05 Jul 2024 | 12:04 AM IST

IBA liaising with regulator; issuers put in place systems to go live on BBPS

Updated On: 04 Jul 2024 | 11:51 PM IST

Care Ratings said the new government will retain the interim budget's Rs 50,000 crore target on receipts from divestments

Updated On: 04 Jul 2024 | 11:32 PM IST

On May 30 and June 28, the lender's board approved the issue and allotment of shares through preferential issues on a private placement basis

Updated On: 04 Jul 2024 | 11:05 PM IST