RBI extends Yes Bank CEO Prashant Kumar's tenure till April 2026 to allow new shareholder SMBC time to decide on leadership after completing the ownership transition
Banks welcome RBI's final project finance guidelines that lower provisioning to 1 per cent during construction and exempt existing projects from higher requirements
RBI reports sDQI for scheduled commercial banks improved to 89.3 in March 2025; small finance banks scored above 90, reflecting higher data accuracy and compliance
Bank of Maharashtra, Bank of Baroda and other PSU banks cut lending rates following RBI's 50 bps repo rate reduction, with home loans now starting at 7.35 per cent
Following a 50 bps policy rate cut by RBI, Union Bank revises its external benchmark lending rate, easing loan costs for retail and MSME borrowers
The recruitment is aimed to fill vacancies across 35 states and Union Territories, making it one of the significant hiring initiatives in the industry, the bank said in a press release
Bank holiday today: Banks in two states are closed today, June 11, 2025, due to Sant Guru Kabir Jayanti and Saga Dawa. Check holiday details and services available
The Reserve Bank has rejected the application of Annapurna Finance Private Limited for setting up a universal bank. In a statement on Friday, the RBI said it has completed the examination of the application of Annapurna Finance Private Limited for setting-up a universal bank. "Based on the assessment of the application as per the procedure laid down under extant guidelines, the applicant was not found suitable for granting of in-principle approval to set up a universal bank," it said. The central bank had received the application under the guidelines for 'on tap' licensing of universal banks.
Writes to chief secys after incidents of people behaving inappropriately with bankers
Bank stocks: Banks, Elara Capital said, saw softer earnings in Q4 as credit growth remained subdued, even as deposit mobilization improved.
Banks will be closed for two days this week in many cities nationwide due to Eid al-Adha or Bakrid 2025. However, online banking services remain available during the holidays
The SDF window, which came into effect from April 2022, offers 25 bps lower than the policy repo rate
Check out the dates and tips to keep your banking smooth with digital services, even when branches are closed
Change effective from June 1, customers will no longer have to maintain a minimum balance in their savings bank accounts
The bank plans to grow its retail book by 10-12% in FY26, reduce the cost of deposits, and improve asset yields
Fresh deposit rates declined more sharply than lending rates in April, as RBI's policy easing and surplus liquidity support rate transmission across the banking system
Driven by strong public sector bank performance, listed banks saw a 4.4% YoY profit rise in Q4 FY25, despite private banks posting lower profits and muted NIMs
While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.