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3 mins read
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 …
ANI
3 mins read
Loan-to-deposit ratio will subside on its own in coming months, notes Motilal Oswal report
As of 9th August, 2024 the Indian banking sector's loan-to-deposit (LD) ratio stood at 77.2 %, whic…
2 mins read
SEBI places JSW Cement's Rs 4,000-cr IPO on hold for now
The proposed issue involves a new issue of equity shares worth Rs 2,000 crore and an offer-for-sale…
PTI
3 mins read
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…
PTI
1 min read
Public sector banks asked to reassess gold loan process amid debt risk concerns
The Ministry of Finance has written to public sector banks to reassess their gold loan procedures a…
ANI
2 mins read
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…
PTI
2 mins read
Bank of Maharashtra top among PSU lenders in loan, deposit growth in Q2
State-owned Bank of Maharashtra (BoM) retained the top spot among public sector lenders in loan and…
PTI
2 mins read
Carlyle-backed Hexaware Tech files draft papers with Sebi for ₹9,950 crore IPO
CA Magnum Holdings has 95.03 per cent stake in the IT company. Since the entire issue is a…
PTI
2 mins read
Credit and profitability of banks to moderate in FY25, says ICRA
The Indian banking sector’s rating has been revised to stable from positive by rating agency ICRA o…
3 mins read
Even in the digital age, banks need brick and mortar presence, especially in Hindi heartland
In the age of digital banking, there are very few reasons to step into the bank. Even if one decide…
2 mins read
Daily digital transactions in India via UPI equivalent to population of EU, highlights PM Modi
In the first 20 days of August alone, India recorded a staggering 9,840.14 million UPI transactions…
ANI
3 mins read
Bill to provide up to four nominees to a bank account introduced in Lok Sabha
Another proposed change relates to redefining 'substantial interest' for directorships, which could…
PTI
6 mins read
Plan in advance: Banks shut in Jan 2024 for New Year, Republic Day and more
In India, both public sector and private sector banks follow the guidelines issued by the Reserv…
1 min read
Indian Bank Q3 profit surges 52% to ₹2,119 crore
The public sector Indian Bank on Wednesday reported a 52 per cent jump in net profit at Rs 2,119 c…
PTI
2 mins read
After UPI, RBI set to launch Unified Lending Interface (ULI) for friction-less credit
The ULI platform facilitates a seamless and consent-based flow of digital information, including ev…
ANI
2 mins read
FM announces credit guarantee scheme, other measures for MSMEs
The credit guarantee scheme for MSMEs in manufacturing will operate on the pooling of credit risks …
PTI
3 mins read
India's digital economy poised to constitute 1/5th of GDP by 2026, highlights RBI report
Several enabling forces have come together to energise this revolution. Although internet penetrati…
PTI
11 mins read
Big banks promised to protect the planet. Now they're doing an about-face.
Big banks and asset managers are a powerful force in fighting the climate crisis, but many of them …
Catherine Boudreau
1 min read
Private lenders led by HDFC Bank occupy lion’s share of TV news space
Mumbai (Maharashtra) [India], Indian private sector lenders have been more vocal in their comments …
ANI
2 mins read
Struggling with IPO filing? AI might come to your rescue soon
Sebi chief Madhabi Puri Buch disclosed at a FICCI conference that AI will be used to streamline the…