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In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs to reprice downward more slowly than their loan yields, constraining net interest income, which is most banks' largest revenue source," said the report.
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HDFC securities unveils 'Brokerage as a Service' for institutions and fintechs
The Brokerage as a Service by HDFC securities provides a versatile and profitable approach for inst…
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SBI report dismisses bank deposit concerns as a 'Statistical Myth'
As Finance Minister Nirmala Sitharaman hold a review meeting with heads of Public Sector Banks and …
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Wayanad Landslide: Kerala Bank waives loans for disaster victims at Chooralmala Branch
In the wake of the landslide disaster at Mundakkai in Wayanad district of Kerala that took place on…
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Banks should bring in innovative products to mobilise deposits: FM Nirmala Sitharaman
The banks, she stressed, need to focus on core banking business which is mobilising deposits an…
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Why 1 in 2 Indians reject bank applications: FICO survey insights
Why 1 in 2 Indians reject bank applications: FICO survey insights
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RBI MPC meet – Cheque clearing time reduced, UPI limit increased for tax payment
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting…
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Banks write off loans worth ₹9.90 lakh crore in last 5 financial years
Write-off was highest at Rs 2.34 lakh crore during 2019-20, which came down to Rs 2.02 lakh cro…
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RBI likely to keep interest rate unchanged at 6.5%, say experts
Reserve Bank of India (RBI) is likely to keep the key interest unchanged at 6.5% on Thursday, and w…
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HDFC Bank credit card rules change from today, all you need to know
HDFC Bank has implemented new credit card policies starting August 1. The changes include 1 percent…
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Customers at several small-sized banks affected as tech provider C-Edge suffers ransomware attack
The impact was felt by customers of cooperative banks and regional rural banks which depend on C…
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RBI proposes higher liquidity coverage ratio for retail deposits, creation of level-1 high quality assets
The Reserve Bank of India (RBI) has issued a draft circular on the Basel III framework regarding li…
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Global cyber outage: Banks, payments systems unaffected by Microsoft outage
HDFC Bank, the biggest among the private sector lenders, also said that it has not faced any impact…
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RBI mandates banks to set up committees for inspection of fraud cases after the SC ruling
As per the revised directions of Reserve Bank of India (RBI), the lenders have to issue a detailed …
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SBI raises lending rates by 5 to 10 basis points; New loans to cost more
The State Bank of India (SBI) on Monday announced an increase in its Marginal Cost of Funds Based L…
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Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
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RBI penalizes five banks, including PNB, for regulatory non-compliance in first week of July
The Reserve Bank of India (RBI) has penalized five banks, including Punjab National Bank (PNB), in …
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HDFC bank sees muted quarterly business; share drops 4.15% during trade today
Anticipating that HDFC Bank's foreign inclusion factor to increase from 50% to 100% in the MSCI Ind…
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SLBCs can play effective role in financial inclusion by better coordination with govt, NGOs: RBI DG
Deepening financial inclusion is not merely about increasing the number of bank accounts but about …
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FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account
The Financial Intelligence Unit has slapped a fine of more than Rs 1.66 crore on Axis Bank for "fai…
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Debt, equity holders approve merger of IDFC with IDFC First Bank
The board of the bank presented the result of voting on the proposal for amalgamation before the…
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Canara Bank Q4 profit rises 18% to ₹3,757 crore
During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…