In view of restrictions imposed in various parts of the country, HDFC Bank today announced the availability of Mobile Automated Teller Machines (ATMs) in 50 cities across India to assist... Read more »
(This story originally appeared in on Jun 01, 2021) The Reserve Bank of India (RBI) has pulled up several multinational banks operating in the country for not providing a board-approved... Read more »
The RBI on Monday said it has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capital and earning prospects. As per data... Read more »
The Reserve Bank of India has extended the banking license of the Rupee Co-operative Bank till August 31. Till March-2021, the Bank has made total recovery of Rs.263.93 crores and... Read more »
If we had not opted for the new tax regime, our net profit would have been Rs 2,200 crores which is the highest in the history of the bank. In... Read more »
French bank BNP Paribas has elevated Aymar de Liedekerke Beaufort as head of territory, India which includes the bank’s back office operations and retail brokerage arm Sharekhan. This is in... Read more »
(This story originally appeared in on May 31, 2021) Banks will offer off-the-shelf unsecured loans of up to Rs 5 lakh to individuals for Covid treatment, and business loans up... Read more »
Mumbai: Unlike last year, public sector banks will follow a standard operating procedure this time while identifying and sanctioning loans to be restructured for micro, small and medium enterprises and... Read more »
Deutsche Bank has had a bumpy ride ever since the Global Financial Crisis. In the past few years, it has shed businesses, restructured and changed focus. Alexander von zur Muehlen,... Read more »
One of the reasons for bank credit growth to plunge to a 59-year low in FY21 could be that the higher (AAA & AA+)-rated companies could borrow cheaper from the... Read more »
As the government enhanced the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS), banks on Sunday said they have sanctioned Rs 2.54 lakh crore and... Read more »
Punjab National Bank (PNB) will divest its stake in Canara HSBC OBC Life Insurance Co, the lender said on Saturday. The city-headquartered state-owned bank had acquired a stake in the... Read more »
To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the... Read more »
Private lender HDFC Bank announced a slew of measures to set up and enhance medical infrastructure across the country to assist the fight against the COVID-19 pandemic. The measures comprise... Read more »
(This story originally appeared in on May 29, 2021) Bank branches will now be closed only on second and fourth Saturdays as per the circulars issued by the State Level... Read more »
(This story originally appeared in on May 29, 2021) The two largest banks in the country — State Bank of India and HDFC Bank — moved the Supreme Court on... Read more »
Bank credit growth decelerated to 5.6 per cent in March 2021 from 6.4 per cent a year ago, the Reserve Bank said on Friday. On the other hand, aggregate deposits... Read more »
The Reserve Bank of India on Friday fined HDFC Bank Rs 10 crore for irregularities found in its auto loan book. The regulator found the bank deficient in compliance. The... Read more »
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited for violation of certain rules. “The Reserve Bank of India (RBI)... Read more »
The country’s largest private sector lender HDFC Bank on Friday committed Rs 100 crore for setting up medical infrastructure for COVID-19 relief in 2021-22. The Mumbai-headquartered bank is planning to... Read more »
State-run Canara Bank on Friday announced three loan schemes as part of the fight against the pandemic under which it will offer healthcare credit, business and personal loan to individuals.... Read more »
Mumbai: Indians, facing restrictions due to the Covid-19 pandemic over the course of the last fiscal, used more of mobile-based digital payments such as Unified Payments Interface (UPI) and Bharat... Read more »
Foreign currency and bond trading boosted the Reserve Bank of India’s earnings for FY’21 though overall returns on its investments remain depressed. But the central bank said it would explore... Read more »
The Reserve Bank of India (RBI) on Thursday asked banks to closely monitor their bad loans and prepare themselves for higher provisioning in the wake of second Covid wave and... Read more »