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2 mins read
RBI approves highest-ever dividend payout of Rs 2.11 lakh crore to central government!
The Reserve Bank of India, on Wednesday, approved the highest-ever dividend payout of Rs 2.11 lakh …
PTI
6 mins read
India could emerge as an economic superpower amid dull global economic landscape
IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…
ANI
2 mins read
RBI initiates transition plan: Small finance banks to ascend to universal banking status
According to the guidelines, SFBs seeking to transition into Universal Banks must meet specific eli…
ANI
1 min read
RBI penalties on banks, NBFCs add up to Rs 40.39 crore for 2022-23
The Reserve Bank of India (RBI) has imposed penalties to the tune of Rs 40.39 crore on banks, non-b…
1 min read
Kotak Mahindra Bank shares decline over 4%; hit 52-week low
At the NSE, it went lower by 4.40 per cent to Rs 1,552.40 -- the 52-week low. Manian, who …
PTI
2 mins read
Indian economy remains in bright spot: Ministry of Finance
In contrast to a cautious assessment of the global scenario, the Indian economy continues to exhibi…
ANI
2 mins read
Rupee falls 6 paise to 83.45 against US dollar in early trade
The rupee depreciated 6 paise to 83.45 against the US dollar in early trade on Friday, as market pa…
PTI
2 mins read
Banks should pass reasoned orders while declaring entity/person wilful defaulter: HC
The Bombay High Court has said banks and financial institutions should pass reasoned orders before …
PTI
2 mins read
India's services sector activity moderates in August; exports expand at record pace
India's services sector activity eased in August but growth rates for new orders remain elevated, …
PTI
2 mins read
Bank stocks lead Sensex, Nifty crash as credit policy disappoints
Indian benchmark indices which opened on a positive due to US markets rally, crashed on Thursday tr…
3 mins read
RBI may not cut repo rate any soon or for six months: Economists
With the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) deciding to retain the repo …
3 mins read
Capital Small Finance Bank IPO to open on Feb 7, sets price band at ₹445-468/sh
The initial public offer of Capital Small Finance Bank will open on February 7 and close on Februar…
2 mins read
Rupee rises 1 paisa to 83.43 against US dollar in early trade
The rupee inched up 1 paisa to 83.43 against the US dollar in early trade on Thursday on the back o…
PTI
4 mins read
India’s corporates in ‘wait and watch’ mode as consumption loans zoom
Large corporates are still not driving India’s credit growth as private capital expenditure is yet …
2 mins read
RBI approves IDFC-IDFC First Bank merger
Reserve Bank of India has given its nod for the reverse merger of IDFC Ltd with its banking subsidi…
PTI
3 mins read
Following Kotak Mahindra Bank’s strong Q4 numbers, analysts reset stock target up to ₹1,900; Worried about reputation impact than financial, says CEO
Kotak Mahindra Bank’s share prices surged by over 5% on Monday, a day after the leading private sec…
1 min read
Axis Bank Q3 net profit rises to ₹6,071 crore
rivate sector Axis Bank on Tuesday reported a 4 per cent rise in standalone net profit at Rs 6,071 …
PTI
2 mins read
India’s central bank to establish cloud facility for financial institutions
India’s central bank, the Reserve Bank of India (RBI) is working on a dedicated cloud facility for …
1 min read
RBI to act early to prevent any risk to India's fastest growth potential: Guv Shaktikanta Das
Reserve Bank Governor Shaktikanta Das on Thursday said India is one of the fastest growing major e…
PTI
3 mins read
Interest rate hikes unlikely to have negative impact on earnings of banking sector: ICRA
Analysts may be worried about rising stress in the retail assets of banks, but ICRA is of the vie…