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ICICI Bank joins top peers, cuts rate for savings accounts by 25 bps

Savings account balances of up to Rs 50 lakh will now earn an interest rate of 2.75%: ICICI

External audit agency uncovers Rs 1,979 crore impact on IndusInd Bank

The bank said it received the report from the external agency on April 15

NPCI meets banks, UPI apps to discuss recent outages on the platform

Sources also said that NPCI informed banks that it will be sharing a detailed to-do list, outlining specific actions that need to be implemented to strengthen the UPI ecosystem

Axis Bank cuts savings deposit rate by 25 basis points, effective April 15

HDFC Bank had earlier revised savings deposit rates by 25 bps; ICICI Bank yet to cut savings deposit rates

Clients are in risk-management mode, says Citigroup's Jason Rekate

Rekate talks on uncertainties due to global tariff wars, how Indian companies are navigating these challenges, and why India continues to be an important market for the American lender

IndusInd Bank-like incidents not failures but episodes: Guv Malhotra

RBI is working to ensure frequency of such occurrence is less, he said

RBI eyes faster transmission; bankers say immediate rate cut difficult

Loans linked to policy repo rate to fall

RBI proposes market based mechanism for securitization of stressed assets

Currently, standard assets are securitised widely, where banks and non-banking finance companies (NBFCs) participate actively to acquire such assets

Now, NPCI can revise transaction limits on UPI based on evolving user needs

P2P transactions on UPI shall continue to be capped at Rs 1 lakh

Shriram Finance seeks RBI approval for primary dealership licence

RBI is very selective about granting PD licences. If granted, Shriram Finance will be one of the first non-bank entities to receive a PD licence in recent times

Payment pains: UPI outages traced to tech glitches, backend failures

'Root-cause analysis' done, hardware replaced, member banks briefed on fixes

Adani, Vedanta, Patanjali among 26 vying for Jaiprakash Associates' assets

JAL was admitted to the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024

Internal restructuring to ensure seamless solutions, says Yes Bank

The internal restructuring is a strategic initiative designed to ensure seamless and consistent solutions at every touchpoint

LIC rejects USTR's claim of having unfair advantage as state-owned firm

Sovereign guarantee has never been used as a marketing tool for policies, says company

HDFC Bank gains Rs 1.5 trn in deposits, CD ratio drops to 97% in Q4

As a result, HDFC Bank's credit-deposit (CD) ratio declined to 97 per cent at the end of March 2025, a drop of 800 basis points (bps) since March 2024

IndusInd Bank's retail & small biz deposits decline by Rs 3.5k cr in Q4

Advances contract by Rs 19,000 cr in Q4 but increased 1.4% Y-o-Y

Broad-based transmission of policy rates still some way off, say experts

RBI has moved liquidity into the surplus side from a deficit four months ago, and some experts feel it may be preparing for monetary transmission before it cuts the repo rate again next week

Recent decline in headcount not due to AI use: SBI Deputy MD Nitin Chugh

The nature of jobs will undergo a transformation going forward, Chugh said

HDFC Bank reduces deposit rates by 35 bps and 40 bps on select FDs

Now, the bank is offering a 7 per cent interest rate on deposits of up to Rs 3 crore for 35-month and 55-month tenures

Indian cos raise Rs 58,000 cr in FY25 from overseas capital market

Lower hedging cost, demand for high-yield paper, need to diversify borrowing sources drove the fund raise