Banking News
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June 27, 2022, Monday
Bank of Baroda to raise Rs 5,000 crore via long-term infrastructure bonds
Public sector lender Bank of Baroda on Monday said it will raise Rs 5,000 crore by issuing long-term infrastructure bonds. The ...
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June 27, 2022, Monday
At Rs 1.14 trillion, credit card spends touch new high in May: RBI data
Bounce rates by value at three-year low
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June 27, 2022, Monday
Indian banks to post larger increase in margins in FY23: Moody's
Credit rating agency Moody's Investors Service on Monday said banks in India, Saudi Arabia and South Africa would post larger ...
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June 27, 2022, Monday
S&P affirms ICICI Bank's 'BBB-' rating on improved asset quality
As S&P affirms ICICI Bank's BBB rating, an upgrade over the next one to two years is unlikely as that would require an ...
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June 26, 2022, Sunday
IOB aims to boost advances to retail, MSME, agri, corporate sector in FY23
IOB is aiming to boost advances in retail, MSMEs, corporate and agricultural loans during the current fiscal year, as the lender ...
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June 24, 2022, Friday
RBI explores ways to ensure customer safety while dealing with PPIs
Earlier this week, RBI issued an advisory clarifying that non-bank PPI issuers cannot load their wallets and cards from credit ...
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June 24, 2022, Friday
Regulator shouldn't view co-op banks with suspicion, says Amit Shah
Central government working to set up a national-level cooperative university
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June 23, 2022, Thursday
RBI proposes norms for outsourcing of IT services by banks, NBFCs
Regulated entities (REs) will not require prior approval from the central bank for the outsourcing of IT and IT-enabled services
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June 23, 2022, Thursday
Former SBI official appointed member of advisory committee of SIFL & SEFL
The RBI Venkat Nageswar Chalasani, former Deputy Managing Director of SBI, as a member of the Advisory Committee of SIFL and SEFL ...
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June 23, 2022, Thursday
Private banks are better money managers, state-owned lenders grow faster
They witnessed higher gains from parking funds with RBI and income from investments; as rates rise, space for both would shrink
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June 21, 2022, Tuesday
HDFC Bank to double network in 5 yrs; to add 1,500-2,000 branches annually
The bank proposes to nearly double its network of branches in the next three to five years by opening 1,500 to 2,000 branches ...
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June 21, 2022, Tuesday
HDFC Bank to shift payments from core banking, ensure minimal downtime
This would pave way for minimal payments downtime
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June 21, 2022, Tuesday
RBI postpones implementation of certain norms related to cards by 3 months
Banks and non-banking financial companies (NBFCs) were to implement the Master Direction on 'Credit Card and Debit Card - ...
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June 21, 2022, Tuesday
Yes Bank launches FD linked to repo rate, with mark-up of 1.1-1.6%
Lender also raises interest rates on standard FDs, capping them at 6.5% for regular customers, 7.25% for seniors
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June 21, 2022, Tuesday
Non-banks not allowed to load credit lines on prepaid wallets, cards: RBI
RBI has asked fintech to stop this practice immediately. The change will come into effect on July 1
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June 20, 2022, Monday
FinMin asks PSBs to expedite NPA resolution; focus on credit growth
According to sources, banks were asked to sanction loans for productive sectors to accelerate the revival of the economy facing ...
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June 20, 2022, Monday
BoI to raise capital up to Rs 2,500 cr to comply with shareholding norm
Bank of India said the capital is to be raised during the period of one year from the date of passing of the resolution in one or ...
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June 20, 2022, Monday
How Indian, Russian banks plan to bypass sanctions to facilitate trade
In a bid to ensure smooth flow of trade without violating the West's economic sanctions on Russia, the Indian banks will open ...
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June 19, 2022, Sunday
FM to meet heads of PSBs on Monday; may urge them for credit growth
The Finance Minister is said to take stock of credit growth, asset quality, and business growth plan of banks
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June 19, 2022, Sunday
RBI aims to make India a powerhouse of payments globally by 2025: Experts
The RBI came out with its 'Payments Vision 2025' document which also talks about ring-fencing of domestic payment systems, ...
