Banks News
India's bad bank gets government nod — green lights NARCL with ₹30,600 crore guarantee
The cabinet today approved a central government guarantee to the tune of up to ₹30,600 crore, wherein NARCL will buy bad loans from banks. The g...
Indian banks could have more than ₹10 lakh crore non-performing assets by March 2022
The gross non-performing assets (GNPAs) of banks are expected to cross ₹10 lakh crore by March 2022, a ASSOCHAM-Crisil joint study had said.
Vaamanaa Sethi
One of India's top banks allows same-sex couples to have joint accounts and removes gender-specific dress code
Axis Bank has become one of the first banks to announce new policies and practices for its customers and empl...
BI India Bureau
Here is a list of bank holidays in September 2021
Keeping track of bank holidays is necessary to ensure an uninterrupted flow of finances and banking functions in personal, professional, business and...
Former Yes Bank MD Rana Kapoor gets a breather as SEBI orders defreezing of his bank accounts and mutual funds
Markets regulator Sebi on Wednesday ordered defreezing of bank accounts as well as share and mutual fund hold...
Bhakti Makwana
HDFC Bank remains the market leader despite an eight-month ban on selling new credit cards
RBI has lifted the ban on HDFC Bank from issuing new credit cards. In December 2020, India’s apex bank had barred HDFC Bank ...
Bhakti Makwana
ICICIdirect website and app down; users complain about not being able to login
Users of ICICIdirect, one of the largest retail brokers, witnessed a technical glitch on the home page. Investors took to Tw...
India's largest bank sees profit rise and bad loans shrink
Lending major State Bank of India (SBI) on Wednesday reported a year-on-year rise of 55.25 per cent in its net profit for Q1FY22.
IOB asks Union Bank to buy its stake in Malaysian bank
Indian Overseas Bank (IOB) has asked the Union Bank of India to buy its 35 per cent holding in India International Bank, Malaysia, a top IOB official...
Bhakti Makwana
From PNB to HDFC Bank—these eight banks have seen a rise in bad loans and the stocks have been beaten
- The second wave of the C
BI India Bureau
Bank holidays in August add up to 15 days across India
India's Independence Day, Muharram, Raksha Bandhan, Janmashtami, and Parsi New Year, are some of the holidays in August. Banks are closed on Sundays,...
Kotak Mahindra Bank's net profit rises almost 32% in the first quarter to ₹1,641 crore
Private lender Kotak Mahindra Bank on Monday reported a nearly 32 per cent jump in its net profit to Rs 1,641.92 crore in th...
Bhakti Makwana
YES Bank’s net profit grows four fold as provision for bad loans shrink
YES Bank has reported its highest net profit since December 2018 at ₹207 crore. The bank expects impact from the pandemic to...
RBI bars Mastercard from issuing new cards from July 22
In a major supervisory action, the Reserve Bank on Wednesday indefinitely barred the US-based Mastercard from issuing new credit, debit and prepaid c...
Insider Studios
DBS Bank’s handcrafted solutions to empower MSMEs across India
It’s proven beyond doubt that the Micro, Small and Medium Enterprise (MSME) sector is the backbone of the national economic structure and has unremit...
Bhakti Makwana
Utkarsh Small Finance Bank looks to raise ₹1,350 crore from its IPO
Utkarsh Small Finance Bank looks to raise ₹1,350 crore through fresh issue of shares worth ₹750 crore and an offer for sale to the tune of ₹600 crore...
BI India Bureau
Here is the list of bank holidays in July 2021
We all visit banks every now and then for reasons related to business, professional and personal. Since bank visits are essential to anyone and every...
Prabhjote Gill
MSMEs with bank loans due up to Rs.50 crore can get their loans restructured
The Reserve Bank of India (RBI) has doubled the exposure threshold for MSMEs looking to apply for restructuring their busine...
SEBI asks PNB Housing to halt ₹4,000 crore preferential issue of shares
The Securities and Exchange Board of India (SEBI) has directed PNB Housing Finance to stall the proposed preferential issue of shares worth up to ₹4,000 crore to entities led by The Carlyle Group Inc.
Kritti Bhalla
PMC Bank will have a new owner in Centrum and BharatPe
BharatPe and Centrum had formed a consortium last year to take over the PMC bank The multi-state cooperative bank had over 16 Lakh account holders, w...
HDFC Bank mobile app faces outage, issue resolved after one hour
The mobile banking app of the largest private sector lender HDFC Bank, which has been under the regulatory lens for network outages, was down for an ...
BI India Bureau
Here is a list of the bank holidays in June 2021
Be it professional, personal or social life, we need finances to support us. Most financial transactions, investments, loans and other banking functi...
Canara Bank gets the green light to raise ₹9,000 crore through equity and debt this year
The board of directors of Canara Bank has approved Rs 9,000 crore in the ongoing financial year by way of equity and debt instruments.
Prabhjote Gill
The number of fake ₹500 notes in India increased by 31% in the last one year
The number of fake ₹500 notes in circulation have increased by 31% over the last one year, according to the Reserve Bank of ...
Prabhjote Gill
India’s largest bank is paying out a dividend for the first time in four years
The State Bank of India (SBI) is paying out a dividend to its shareholders for the first time in four years at ₹4 per share....
