Banks

Tennis Star Sumit Nagal Is Now BoB's Brand Endorser

A role model for today’s youth, Sumit will help the Bank connect with GenNext

14 Hours Ago

NE SFB Offers Up To 9.75% Interest Rates On FD To Senior Citizens

NE SFB has increased interest rate on FD product from 9.25% to 9.75%

19 Hours Ago

ANZ, DBS BANK & EDC Close Sustainability Loan For Tata Communications

The three lenders will jointly finance a five-year USD 250 million facility under Tata Communications' sustainability-linked loan framework.

23 Hours Ago

RBI Cancels License Of City Co-operative Bank

The Mumbai based bank does not have adequate capital and earning prospects

1 Days Ago

PSBs Are Better Efficient Than Private Banks

Despite many structural changes, PSBs are operating at 82.76% and in overall study period, pvt banks operating below 80% level; “Impact of Decadal Reforms on Efficiency and Productivity of Indian Banking Sector: A DEA Approach”

3 Days Ago

RBI Imposes Penalty Of Rs96.40 Lakh On Sonali Bank

The action is based on deficiencies in statutory and regulatory compliance

Jun 15, 2024

How have NRI deposits moved?

While aggregate deposits in the banking system grew by 10.2%, NRI deposits increased by 7.2%

Jun 14, 2024

Food Inflation: A Key Risk

On demand front, still the picture is hazy

Jun 12, 2024

Equitas SFB’s ‘Circle of Life’ Celebrates Resilience Of SMEs

Equitas honours Karuthan’s confidence and persistence to emerge as a successful entrepreneur

Jun 10, 2024

Das Indicates Clear Sign Of Decoupling Of RBI From US Fed

We factor in the first rate cut in October 2024: Dr. Soumya Kanti Ghosh

Jun 08, 2024

Amalgamation Of Yadagiri LNS UCB With Gayatri UCB Approved

RBI approves the voluntary amalgamation of 2 co-operative urban banks of Telangana

Jun 08, 2024

How Economists View RBI Policy?

The credit policy has quite expectedly maintained status quo on both repo rate and stance

Jun 07, 2024

Lenders’ Insights On RBI Measures

The moderation in unsecured lending growth highlights the sector's commitment to prudent financial practices

Jun 07, 2024

Bulk Deposit Limit Revised To Rs3 Cr And Above:

A few REs still charge fees, etc. that are not specified or disclosed in the Key Facts Statement (KFS)

Jun 07, 2024

Boards Of Banks Should Re-Strategise Business Plans

Gap between credit and deposit growth rates warrants a rethink by the banks

Jun 07, 2024

Yoma Bank Partners With Integro Technologies

Yoma Bank has piloted Integro’s SmartLender Commercial, a market-leading solution designed to optimize the SME lending process

Jun 06, 2024

Bank of India Signs MOU With PCDA (P)

Through this MoU, Bank of India’ s selected 433 branches will act as Service Centres to provide last mile connectivity to pensioners, especially those in remote areas/ without access to SPARSH/ no technical knowledge

Jun 06, 2024

RBI Needs To Innovate On Liquidity Management

Banking system will be impacted through the JIT mechanism; Buyback auction by RBI showed lackluster response

Jun 06, 2024

PNB Signs MoU With IIFCL

The MoU is to provide long-term financial assistance to viable infrastructure projects

Jun 03, 2024

Axis Bank And Bajaj Allianz GI Forges Alliance

The partnership is to boost Insurance Penetration and Financial Inclusion

Jun 03, 2024

FY25 Could See Growth Topping 7.5%

India has grown at an average of 8.3% post-pandemic

Jun 01, 2024

India GDP: Continues Surge Story

FY25 real GDP growth expected at 7.1% YoY

May 31, 2024

SBM Bank (India) Fined Rs88 lakh

This RBI action on the bank is based on deficiencies in regulatory compliance

May 31, 2024

BoI Offers 666 Days FD

Senior Citizen will get 7.80% & others will get 7.30% returns

May 31, 2024

DBS Bank To Fund Maruti Suzuki's Dealers

This new alliance further enhances comprehensive inventory funding options for over 3863 Maruti Suzuki sales outlets across the country.

May 31, 2024

ICICI Lombard-Capital SFB Bat Bancassurance

They forge Corporate Agency Alliance

May 30, 2024

Unreasonable Impact Adds 12 Ventures On Climate, Social Issues To APAC Programme

The new 12 ventures have raised over $282 million in capital

May 26, 2024

Government’s Effort Towards Fiscal Consolidation Will Be Boosted

RBI dividend at record high

May 24, 2024

Highest Ever Dividend Transfer Expected To Ease Fiscal Deficit By 30 To 40 Bps

Big Bang Dividend Reflects RBI Managing Volatility Deftly In An Uncertain World

May 22, 2024

3 Coop Banks Penalized, Total Fine Rs11 Lakh

These actions on 3 coop banks are based on deficiencies in regulatory compliance

May 21, 2024

Bank of India Paris Branch Marks 50 Years Of Excellence

The event, held in Paris, was a grand affair, attended by eminent guests and loyal customers, symbolizing the deep bonds and trust the Paris Branch has cultivated over the years

May 21, 2024

Women Centric Schemes Clearly Ensuring More Women Voting Participation

2024 Election: Absolute Number Voter Turnout So Far show Female Voters outstripping Men...

May 20, 2024

CBI Registers Case Against Head Cashier OF PNB

Allegations of illegally transferring an amount of Rs4.98 crore

May 18, 2024

RBI Imposes Penalty Of Rs59 Lakh On Karnataka Bank

The action is based on deficiencies in regulatory compliance

May 17, 2024

Varachha Coop Bank’s Net Profit Up By 114% At Rs36 Cr

The leading USB of Gujarat is going to organize its AGM on 4-6-2024 at Surat

May 17, 2024

In Next Fortnight, Weakness Expected In INR To Continue Amidst FPI Outflows

FPI inflows into Indian equities expected to stage a comeback post the election results

May 17, 2024

2 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

May 17, 2024

YES Grandeur Introduced For Elite, Emerging Affluents

With Indian middle class nearly doubling to 61% by 2046-47 as per PRICE Report, rising incomes and the expansion of middle-class and high-income segments will reshape future consumption

May 16, 2024

Co-operative Bank Fined Rs2.5 lakh

This action on the said coop bank is based on deficiencies in regulatory compliance

May 16, 2024

A Likely Surge In FPI Flow (Debt)

India is expected to garner total inflows close to US$ 30bn in FY25

May 14, 2024

Quant Mutual Fund Gets RBI Approvals To Go Up To 9.98% In RBL Bank

In The Event, If The Aggregate Holding Falls Below 5%, Prior Approval Of RBI Will Be Required To Increase It To 5% Or More Of The Paid-Up Share Capital Or Voting Rights Of The Bank

May 14, 2024

Risk Profile Weighs on Indian Banks' Viability Ratings

Asset quality pressures from the previous credit cycle are subsiding, creating a favorable business environment

May 13, 2024

HDFC Bank Parivartan Helps Women In Healthcare

Trained at the three Nursing Kaushal Colleges supported by HDFC Bank Parivartan, the young women are now earning between 2X-3X of their annual family income

May 13, 2024

Bank of India's Net Profit Increased By 57% To Rs63 Bn

Gross NPA ratio down by 233 bps YoY

May 10, 2024

BOB’s Net Profit Up 26% To Rs178 Bn

BOB has witnessed improvement in its Asset quality with reduction in GNPA by 87 bps YoY to 2.92% from 3.79% in Q4FY23

May 10, 2024

BOI Rakshak Package Offered To Indian Coast Guard

Through this exclusive BOI Rakshak Package, Bank of India will offer numerous benefits to all Ranks of the Indian Coast Guard, Veterans, Recruits and Agniveers

May 09, 2024

Capital SFB’s PAT Increases To Rs1.12 Bn, 5 Yr CAGR 42%

Leading asset quality with GNPA and NNPA of 2.8% and 1.4% respectively

May 09, 2024

SBI’s FY24 Net Profit Grows By 21.59% To Rs610.77 Bn

Gross NPA ratio at 2.24% improved by 54 bps YoY

May 09, 2024

PNB's Net Profit Up By 229% To RsRs82.45 Bn

Bank's GNPA ratio improved by 301 bps on Y-o-Y basis to 5.73% as on March’24 from 8.74% as on March’23

May 09, 2024

DBS Bank India Supports Women Re-entering Workplace

The bank introduces six-month project-based internship program for women returning from a career break, as part of larger diversity and inclusion efforts

May 09, 2024

Restrictions On 'Bob World' Mobile Application Lifted

The bank will now resume onboarding new customers in the Bob World application

May 08, 2024

SVC Bank Floats Long Term Subordinated Bonds Series-2

The co-operative bank offers an attractive interest rate of 8.50% p.a.

May 08, 2024

Nominations Announced For African Banker Awards 2024

The 2024 edition of the Awards spotlights infrastructure, sustainability, and gender equality.

May 07, 2024

Citi Is No.1 Investment Banking Franchise in India

Robust momentum in the quarter with $11.4bn of deals announced across ECM and M&A

May 07, 2024

Odisha RRB Penalized

Monetary penalty is of Rs1,50,000 for non-compliance with the directions issued by RBI on ‘Strengthening of Prudential Norms - Provisioning, Asset Classification and Exposure Limit’ and ‘Regional Rural Banks - Income Recognition, Asset Classification and Provisioning Norms - Non-Performing Assets (NPAs)’

May 06, 2024

ADB’s Board OK'd $1.42 Bn Net Income Allocation

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific

May 06, 2024

Kotak Mahindra Bank Will Step-Up Investments To Fortify Its IT Systems

KMB’s Standalone PAT Up 26% To Rs138 Bn; As at March 31, 2024, GNPA was 1.39% & NNPA was 0.34% (GNPA was 1.78% & NNPA was 0.37% at March 31, 2023)

May 04, 2024

WALR On Fresh Rupee Loans Of SCBs Stood At 9.37%

The WALR on outstanding rupee loans of SCBs was at 9.85 per cent in March 2024 (9.83 per cent in February 2024)

May 03, 2024

Personal Loans Growth Moderated To 17.7%

On a year-on-year (y-o-y) basis, non-food bank credit2 registered a growth of 16.3 per cent in March 20243 as compared with 15.4 per cent a year ago.

May 03, 2024

Sensex Is Trading Further Higher Today

US labour market data showed persistent tightening. Jobless claims rose less than expected by 208

May 03, 2024

CME Fed Watch Tool Indicates 50:50 Chance Of A September Cut

RBI cannot move ahead to the Fed as interest differential between US and India is at an all time low

May 03, 2024

3 Coop Banks From Maharashtra Penalized

These actions on the 3 coop banks are based on deficiencies in regulatory compliance

May 02, 2024

Dalmia Bharat Foundation & Karur Vysya Bank To Empower Youth

DBF to train 400 rural youth through its DIKSHa centres in South India

May 01, 2024

Ex Branch Manager of Vijaya Bank Given 3 Years’ RI

It was revealed during the investigation that accused in conspiracy with private persons sanctioned and disbursed said 05 (five) housing loans without verifying the genuineness of various documents which resulted into wrongful loss to the bank

Apr 30, 2024

5 Coop Banks Penalized

These actions by the RBI on 5 coop banks are based on deficiencies in regulatory compliance

Apr 29, 2024

Jana SFB’s PAT Up 162% To Rs6.70 Bn

GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023

Apr 29, 2024

Jana SFB’s PAT Up 162% To Rs6.70 Bn

GNPA improved to 2.0% as of March 31, 2024, as against 3.6% as of March 31,2023

Apr 29, 2024

Sensex Is However Trading Higher Today

Global currencies depreciated against a stronger dollar

Apr 29, 2024

Sensex Is Trading Higher Today

Global currencies depreciated against a stronger dollar

Apr 29, 2024

IDFC FIRST Bank’s PAT Up By 21% Y/y to Rs29.57 Bn

Provisions increased 43% YOY from Rs1,665 crore in FY23 to Rs2,382 crore in FY24

Apr 28, 2024

ICICI Bank's PAT Up By 17% To Rs107 Bn

The Board has recommended a dividend of ? 10 per share (equivalent to dividend of US$ 0.24 per ADS) in line with applicable guidelines

Apr 27, 2024

YES Bank's Net Profit Up 74% At Rs12.51 Bn Y/y

GNPA, NNPA Ratio (each down 30 bps Q-o-Q) and PCR (up 10 percentage points) significantly improve Q-o-Q

Apr 27, 2024

RBL Bank’s Net Profit Grows By 30% Y/y To Rs3.53 Bn

GNPA improved 72bps YoY to 2.65%; NNPA improved 36bps YoY to 0.74%, PCR including technical write-off of 89.8%

Apr 27, 2024

BoM’s Net Profit Up By 55.84 % to Rs40.55 Bn

Gross NPA declined to 1.88 % as on 31.03.2024; Total Business grew by 15.94 % to Rs 474,411 crore

Apr 26, 2024

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Apr 26, 2024

IndusInd Bank's Net Profit Up By 21% To Rs90 Bn Y/y

Net Interest Margin for Q4 of FY24 stood at 4.26% against 4.28% for Q4 of FY 23 and 4.29% for Q3 of FY24

Apr 25, 2024

DCB Bank’s PAT Up By 15% To Rs5.36 Bn Y/y

The Provision Coverage Ratio (PCR) as on March 31, 2024, was at 77.30% and PCR without considering Gold Loans NPAs was at 78.18%

Apr 25, 2024

10 States Contributed To 72% Of Originations For 5 Consumer Lending Products

While Private Banks gain a share in volume, NBFCs gain a share in value from Q3 FY23 to Q3 FY24. Furthermore, the proportion of very low and low-risk borrowers increased from 46.5% in Q3 FY23 to 50.6% in Q3 FY24.

Apr 23, 2024

HDFC Bank Parivartan Unveils Initiative To Tackle Plastic Pollution

Effective waste management, community-led upcycling key to tackling plastic pollution

Apr 23, 2024

RBI Penalizes 5 Coop Banks: Total Fine Rs14 Lakh

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Apr 23, 2024

Tamilnad Mercantile Bank Records Highest Ever Net Profit of Rs10.72 Bn

TMB Announces Dividend of Rs 10/share

Apr 23, 2024

MPC Minutes: Make No Haste!

A delayed or no-cut scenario from the US Fed is a big risk for the EM rate cycle

Apr 22, 2024

HDFC Bank’s Q4 PAT Up 40%

Domestic retail loans grew by 108.9%, commercial and rural banking loans grew by 24.6% and corporate and other wholesale loans (excluding non-individual loans of eHDFC Ltd of approximately Rs807 billion) grew by 4.2%

Apr 21, 2024

Financial Accounts Of Scheduled And Non-Scheduled UCBs For '22-23

The publication provides aggregate information on major items of balance sheet, profit and loss account, non-performing assets, financial ratios, state-wise distribution of offices and details of priority sector advances

Apr 19, 2024

INR Is Trading Further Weaker Today, In Line With Other Asian Currencies

Reports of an escalation in tensions between Israel and Iran have roiled global markets

Apr 19, 2024

INR Opened Stronger Today

IMF raised its global growth forecast to 3.2% in 2024 from 3.1% estimated earlier, led by better-than-expected growth outcomes in advanced economies

Apr 18, 2024

South Indian Bank Signs MOU with Ashok Leyland

With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited, streamline vehicle inventory funding.

Apr 18, 2024

SIDBI & GAME Complete 1st Cohort of NGAP

17 NBFCs completed the First NBFC Growth Accelerator Programme cohort.

Apr 17, 2024

Celebrating Women Led Festival of Democracy

How the narrative has decisively changed from “Missing Women” to “Women-in-the-Middle” in the last decade

Apr 17, 2024

BoI Partners With IMGC For Mortgage Guarantee-backed Home Loans

IMGC has guaranteed home loans worth 25,000 + Crores to more than 1 lac + Home Loan Borrowers

Apr 16, 2024

Submission Of Statutory Returns Now On CIMS Portal

Banks shall, accordingly, submit the fortnightly Form A Return from the Reporting Friday June 14, 2024, monthly Form VIII Return from May 2024 and the annual Form IX (on unclaimed deposits) Return from December 31, 2024 respectively on the CIMS Portal only

Apr 15, 2024

Arvind Vashistha Continues As Citi’s Head Of India ECM

Citi tops India and Asia-Pac underwriting league tables for first quarter 2024

Apr 15, 2024

Superior Interest Rates: Tectonic Change For Senior Citizens

Deposit rates moved up more for public sector banks even as RBI holds rates

Apr 15, 2024

Geo-political Tensions Likely To Weigh On Investors’ Sentiments

Inflation in both Germany and France moderated, inching closer to ECB’s target of 2%. In China, exports and import growth contracted in Mar’24 by 7.7% and 1.9% respectively.

Apr 15, 2024

CPI: Eases To A 10-Month Low; Risks Remain

While an August rate cut remains possible, we see a larger probability of the first cut in October, given our expectation for the Fed to start moving in September 2024.

Apr 14, 2024

PNB, @130 Years, Launches Digital Offerings

PNB commits to environment sustainability through PALAASH 2.0 and also sets up Mini Science Centre at one of the Delhi Govt. School

Apr 13, 2024

Inflation, Credit, Currency, Bond Yields, Stock Markets Have Not Shown Specific Tendency In Last Elections In Polling Months

It does look like that during the Elections there is a watchful stance taken by the government on capex. This is also witnessed for company investment announcements as well as foreign investors

Apr 12, 2024

DBS Bank Leads $100 Mn Syndicated ECB Loan For HDFC Credila

DBS Bank is the sole mandated lead arranger and book-runner for the loan through its IFSC banking unit in GIFT City

Apr 10, 2024

INR Is Trading Stronger Today, While Asian Peers Are Trading Mixed

Sensex is trading higher today

Apr 08, 2024

FY25 Headline CPI Likely To Be In Range Of 4.5-5% With Risks Tilted To The Upside

9 out of 20 commodities have registered some momentum in prices; BoB Essential Commodity Index increased at the fastest pace in Mar’24

Apr 06, 2024

Rate Cut Cycle Will Be Shallow At 50-75 BPS

Liquidity to remain in the neutral zone

Apr 06, 2024

RBI Is Possibly Guiding The Market With A Prolonged Rate-Cut Cycle

he C/D ratio of banks has moved past 80 now, as banks continue to meet the robust credit demand from new as also sunrise sectors (climate transition/ start-ups) though pressure on mobilizing liabilities from non-deposits sources remain

Apr 05, 2024

Enhancing Efficiency Of Banks In Handling Currency

The Central Bank’s decision to enable cash deposits in Cash Deposit Machines (CDMs) using the Unified Payments Interface (UPI) signals a positive step for India's financial future

Apr 05, 2024

Rural Demand Remains Upbeat

Rajiv Sabharwal: The Indian rupee's resilience, being among the least volatile currencies, amplifies the positive sentiment and demonstrates India's economic resilience on the global stage

Apr 05, 2024

Suryoday SFB’s Disbursements Grew 36% Y/Y

Suryoday Small Finance Bank has provided Q4 FY 24 Pre Results Quarterly Update.

Apr 04, 2024

No Change Likely In Rates Or RBI's Stance

RBI to remain static

Apr 03, 2024

SIDBI: 34 Years Of Fostering Entrepreneurship

Sudatta Mandal, DMD, points out SIDBI's achievement of surpassing a balance sheet milestone of Rs5.2 lakh crore.

Apr 02, 2024

RBI Issues Prudential Norms On Capital Adequacy For UCBs

Tier 1 and Tier 2 to Tier 4 UCBs shall maintain minimum Capital to Risk Weighted Assets Ratio (CRAR) as per prescribed norms

Apr 02, 2024

RBI’s Prospective Rate Cut In Q2FY25 Will Further Support Ongoing Momentum

Stock market movements

Apr 02, 2024

Stocks In US Ended Lower As Strong PMI Data Dented Expectations Of A Jun’24 Rate Cut By The Fed

In India, equity indices started the new fiscal year on a positive note with the Sensex rising by 0.5%

Apr 02, 2024

RBI Might Cut Rates Only In Q3FY25

Deposits and credit expected to grow 14.5-15% and 16.0-16.5% respectively in FY25

Apr 02, 2024

6 Enterprises, Shown In Shark Tank India, Gets DBS Foundation's Grants Of Rs45 Lakhs

The grant size for each individual enterprise ranges from INR 5 lakh to 15 lakh and will be utilised by the respective winners to build consumer awareness, scale operations, and deploy technology to enhance productivity.

Apr 01, 2024

Envisage Changes In Banking Due To Fin-Techs: PM

“RBI is the appropriate body for the holistic appreciation of the banking vision of Viksit Bharat: Prime Minister Narendra Modi; Indian Banking System Seen As Strong, Sustainable

Apr 01, 2024

INR Expected To Trade In A Range Of 82.50-83.50/$ In FY25

Currency update: A Stronger Dollar Did Weigh On Most EM Currencies

Apr 01, 2024

Sensex Is Trading Higher Today

Fed Chair Powell, noted that Fed is not getting tolerant to higher inflation and hinted rate cuts very much remain on table

Apr 01, 2024

Share Of EBLR Linked Loans In Outstanding Floating Rate Rupee Loans Is 56%

Lending and Deposit Rates of Scheduled Commercial Banks – March 2024

Mar 29, 2024

Transactions Of Central / State Governments: Special Measures For Current FY

Annual Closing of Government Accounts

Mar 29, 2024

Special Clearing Operations For Government Cheques On March 30 & 31, 2024

Currency Chests operations on March 31, 2024; Special Measures for extending services to Policy Holders of LIC of India

Mar 29, 2024

Growth Decelerated In Vehicle Loans, Other Personal Loans

Sectoral Deployment of Bank Credit – February 2024

Mar 29, 2024

Flows Of USD 20-22 Bn Expected Under JPM Bond Route

Given the current assessment of a resilient economic condition, the rate cutting cycle this time is likely to be shallow

Mar 28, 2024

Global Currencies Closed Mixed Against US$, With JPY And GBP Appreciating

Sensex is trading higher today

Mar 28, 2024

BoP: Q3 CAD Improves; Seen At -0.7% Of GDP For FY24

Capital flows were in surplus to the tune of USD 17.4 bn (or 2.0% of GDP) supported by net FPI flows and banking capital

Mar 27, 2024

India Accumulated 235 Bps In Real Growth During Post-Pandemic

A glimpse into rising competitive federalism that benefits the bottom line with incremental per capita income, vanquishing inequality

Mar 27, 2024

INR Is Trading Lower Today, In Line With Other Asian Currencies

India’s 10Y yield closed steady at 7.09%, as oil prices retreated. It is trading flat today as well

Mar 27, 2024

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Mar 26, 2024

DCB Bank Integrates With GST Portal

The Bank enables the taxpayer to make GST payment using online & branch over the counter options

Mar 26, 2024

Sensex Traded Lower In The Morning Session Today

Swiss National Bank sprang into action as it announced a 25bps rate cut; Post the rally in US indices, the week started on a sombre note as investors tried to assess the future path of interest rate ahead of the release of key inflation figure

Mar 26, 2024

Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules

The majority of APAC banking jurisdictions are set to take the latest global iteration of Basel capital standards in their stride, says Fitch Ratings

Mar 25, 2024

Asia-Pacific Banks Not Feeling the Heat from Final Basel Rules

The majority of APAC banking jurisdictions are set to take the latest global iteration of Basel capital standards in their stride, says Fitch Ratings

Mar 25, 2024

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Mar 22, 2024

SIDBI Reduces Investors’ Risks In EV Adoption

SIDBI unveils six de-risking measures to accelerate India’s electric two and three-wheeler adoption; SIDBI’s latest report launched in Washington D.C.

Mar 21, 2024

DBS Foundation Awards SGD 3.7 Mn In Grant Funding To 24 Businesses

Businesses for Impact (BFIs) to also receive bank-wide support such as preferential banking packages and mentorship

Mar 21, 2024

12% Growth Likely For Non-Food Industry Credit

Health of Indian banking sector continues to improve with better asset quality, high credit growth: FICCI-IBA Bankers’ Survey

Mar 21, 2024

Except FTSE (Flat), Other Global Stock Indices Ended Higher

INR is trading stronger today

Mar 21, 2024

10Y Yields In China, US, And UK Fell The Most

Sensex is trading higher today

Mar 20, 2024

2 Banks Heavily Penalized

The action is based on deficiencies in regulatory compliance

Mar 19, 2024

SC Directs SBI To Make A Complete Disclosure Of All Details On Electoral Bonds

The Election Commission of India shall upload the details forthwith on receipt of the communication by SBI: Supreme Court

Mar 19, 2024

BoJ Hiked Rates For 1st Time In 17 Years

Sensex is trading lower today

Mar 19, 2024

INR Expected To Trade In A Narrow Range Of 82.75-83.00/$ In Mar’24

In Mar'24 so far, global currencies have broadly appreciated against the dollar

Mar 18, 2024

Sensex Is Trading Higher Today

INR was marginally weaker, monitoring movement in oil prices. But it is trading stronger today, while other Asian currencies are trading lower.

Mar 18, 2024

5000 Volunteers Participated In SBI Green Marathon

"SBI Green Marathon" is Run for a greener planet

Mar 18, 2024

RBI Reconstitutes Committee Of Advisors Of Abhyudaya Coop Bank

Committee of Advisors" will now comprise of Devendra Kumar (former Chief General Manager, SBI); Venkatesh Hegde (former General Manager, SBI); Suhas Gokhale (former MD, COSMOS Co-operative Bank)

Mar 16, 2024

2 Banks, 1 NBFC Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Mar 14, 2024

Arya.ag & Shivalik Bank Empower Farmers With Rs2 Bn In Commodity Financing

Paving the way for enhanced financial inclusion through technological innovation and robust banking frameworks

Mar 14, 2024

SIDBI’s EWEE Initiative for Rural Women

E-WEE will support inspirational and aspirational SEWA sisters initially in the two states i.e. Rajasthan and Gujarat

Mar 14, 2024

RBL Bank’s 2 Debit Cards Come With A 0% Foreign Currency Mark-Up

Every $ saved is INR earned

Mar 14, 2024

Sensex Is Trading Further Lower Today

INR is trading stronger today

Mar 14, 2024

GoI, ADB Sign $181 Mn Loan To Improve Mobility In Ahmedabad

The project will benefit urban poor, women, and migrant workers through improved urban services and urban governance

Mar 14, 2024

SANY India Partners With J&K Bank

This collaboration between SANY India and J&K Bank is strategically designed to leverage the strengths of both entities

Mar 13, 2024

Cumulative Recovery Rate For ARCs To Rise 500-700 Bps In ’24-25

Cumulative Recovery Rate For ARCs To Rise 500-700 Bps In ’24-25

Mar 13, 2024

Sensex Is Trading Further Higher Today

INR is trading weaker today

Mar 13, 2024

Sensex Is Trading Higher Today, While Asian Stocks Are Trading Mixed

INR is trading further stronger today

Mar 12, 2024

INR Is Trading Stronger Today

Sensex is trading lower today

Mar 11, 2024

Assets Of Rs50.20 Cr Of A Sakhar Karkhana Attached

The case is related to illegal sale of sugar mills by Maharashtra State Co-operative Bank

Mar 09, 2024

BoB Offers Benefits To Open Accounts Designed For Women

bob Mahila Shakti Savings Account or bob Women Power Current Account

Mar 08, 2024

RBI & Bank Indonesia Will Promote Use Of Local Currencies For Bilateral Transactions

The MoU was signed by the Governor, Reserve Bank of India, Shri Shaktikanta Das and the Governor, Bank Indonesia, Mr. Perry Warjiyo

Mar 08, 2024

Bank of Maharashtra Launches Women Cancer Coverage Program

Mahashakti is powered by ManipalCigna Health Insurance

Mar 07, 2024

Sensex Is Trading Further Stronger Today

Global markets monitored Fed Chair's speech which hinted at delayed start to the rate cut cycle, probably later this year

Mar 07, 2024

23% Of Salaried Women In Metros Feel Gender Pay Gap

16% report gender bias at their workplace: Survey by CRISIL and DBS Bank India: With rising affluence, the perception of gender pay gap and bias is seen to increase

Mar 06, 2024

Bank of India Strengthens its Leadership

M R Kumar and Rajiv Mishra Appointed

Mar 06, 2024

Sensex Is Trading Stronger Today

Except China and UK, stocks elsewhere closed weaker

Mar 06, 2024

Sensex Is Trading Weaker Today

Except US and UK, stocks elsewhere ended higher

Mar 05, 2024

Merger Of Fincare SFB With AU SFB Approved

All-stock merger with shareholders of Fincare SFB to receive 579 equity shares in AU SFB for every 2,000 equity shares held in Fincare SFB

Mar 05, 2024

PNB, EaseMyTrip Introduce EMT Credit Card

A unique travel-focused co-branded credit card that promises a seamless and rewarding travel experience for Indian customers

Mar 04, 2024

Suryoday SFB Revises FD Rates By 41 Basis Points

Senior citizen can get 9.25 percent interest rate

Mar 04, 2024

INR Is Trading Weaker Today

In UK, house price index firmed up in Feb'24, while PMI reading still trailed below the 50 mark. On domestic front, PMI data rose to its 5 month high supported by both domestic and external demand

Mar 04, 2024

Liquidity Conditions Are Still Tight

US 10Y inched up considerably

Mar 04, 2024

NUCFDC Is Security Shield For Small Banks: Shah; Development Of UCBs Will Increase Manifold

Union Minister of Cooperation Amit Shah Inaugurates NUCFDC: Establish UCBs In Every City; NUCFDC will be a support during the crisis of banks and also a means to enhance their modernization and capacity

Mar 02, 2024

NaBFID targets sanctions of Rs3 Tn by March 2026

FM Sitharaman asked NaBFID to introduce a Structured Partial Credit Enhancement facility, create a Data Repository for the infrastructure sector and develop a sector specialisation

Mar 02, 2024

Personal Loans Growth Moderated To 18.4%

Sectoral Deployment of Bank Credit – January 2024

Mar 02, 2024

S.Ravindran’s Appointment As Part-Time Chairman Of TMB Approved

The RBI approval is subject to S. Ravindran, stepping down from his Directorships in Shriram Finance and Bandhan AMC Limited, prior to assuming charge

Mar 01, 2024

Consumption Story To Play Second Fiddle To Investment-Led Growth

The annualized numbers show a Amritkaal phase for India especially with investments' underpinning the growth trajectory

Mar 01, 2024

RBI Cancels License Of Sumerpur Mercantile UCB

The Registrar of Cooperative Societies, Rajasthan has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

Feb 29, 2024

Sensex Opened Lower Today

In Japan and Australia, stronger than expected retail sales in Jan'24 is likely to keep pressure on their respective Central Banks to keep their policy stance unchanged

Feb 29, 2024

MSME Credit Grows Across Semi Urban, Rural Geographies

Facilitating wider adoption of online loan applications, financial management tools, digital payment platforms along with utilization of robust analytics, can enhance the lending to the MSMEs and help fortify India's businesses for sustained growth

Feb 28, 2024

Consumer Confidence Has Strengthened Further In India

The estimates are corroborated with the in-house developed SBI-ANN (Artificial Neural Network) model, with 30 high frequency indicators

Feb 28, 2024

Mixed Macro Data Has Raised Uncertainty Around Timing Of Fed’s Rate Cuts

Sensex opened higher today, while other Asian stocks are trading lower.

Feb 28, 2024

SIDBI has given 2 lakh loans of 1 lakh ticket sizes to women borrowers: Ramann

Rs3.64 lakh crores worth of loans were covered under ECLGS, of which only 5% were NPAs: CMD, SIDBI

Feb 28, 2024

Sensex Is Trading Higher Today

Global indices closed lower. US indices retreated as the focus shifted towards upcoming macro data for more guidance on Fed's next move

Feb 27, 2024

RBI Imposes Rs2 Cr Penalty On SBI

The monetary penalty has been imposed for contravention of provisions of sub-section (2) of Section 19 of the Banking Regulation Act, 1949 (the BR Act), and sub-section (2) of Section 26A of the BR Act read with the Depositor Education Awareness Fund Scheme, 2014

Feb 26, 2024

BoB’s Car Loan Interest Rate Reduced To 8.75%

The new rate beginning at 8.75% p.a. is applicable on the purchase of a new car

Feb 26, 2024

Women Possess Entrepreneurial Talent, With 95% Success Rate In Start-Ups: Ghosh

Bandhan Bank's Managing Director and CEO, Chandra Shekhar Ghosh: More Women Taking Lead In Family Decision-Making

Feb 26, 2024

Suryoday RBL School Inaugurated For Children With Special Needs

The initiative will educate over 100 children

Feb 26, 2024

Fed Officials Are Signalling That Fed May Want To Keep Rates Elevated For Longer

Germany confirmed that GDP contracted by (-) 0.3% in Q4CY23, following stagnation in Q3

Feb 26, 2024

IBC Has Improved Credit Culture By Resolving Huge Amount Of Stressed Assets

Over the past two decades, ARCs have set up a robust infrastructure and nurtured skilled and professional manpower to manage stressed assets

Feb 26, 2024

4 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 24, 2024

Using AI, ML, Banks Should Assess Both Ability And Willingness To Repay: Krishnamurthy

The onus needs to be on banks to get far more intensive on AI, machine learning in addressing both adverse loan selection and moral hazard problems: ED- India, International Monetary Fund: Evergreening and zombie lending leads to distressed assets not being recognised

Feb 24, 2024

Global Stocks Rallied Propelled By Robust Earnings Of A Major Tech Company

Slowdown in China's property sector continued, with new home prices falling by another 0.3% (MoM) in Jan'24

Feb 23, 2024

Bank Of Baroda Raises Rs25 Bn

The money raised at a coupon of 7.57% p.a. through the issuance of Basel III Compliant Tier II Bonds; The issue received a strong response from investors with a total of 83 bids amounting to Rs6,237 Crores

Feb 23, 2024

Coop Bank Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 22, 2024

Govt To Give Rs50 Lakh Subsidy To Entrepreneurs For Horse, Donkey, Mule, Camel

Cabinet approves inclusion of additional activities in National Livestock Mission

Feb 22, 2024

UHNIs Participated In Equirus InnovateX Fund’s First Close

The fund will invest in at least two companies within the next month. EIF is poised to accelerate its mission of fostering innovation in the tech start-up ecosystem

Feb 22, 2024

Orient Technologies Files DRHP For IPO

The IPO has a face value of Rs 10 and consists of a fresh issue of Rs 120 crore and an offer for sale of up to 4.6 million equity shares by the Promoter Selling Shareholders.

Feb 21, 2024

Goa Govt & PFC To Pioneer Subnational Blended Finance Facility For Climate Action

The Government of Goa is setting up the sub-national Blended Finance Facility in partnership with the World Bank, aiming to foster low-carbon, climate-resilient development

Feb 21, 2024

Sensex Is Trading Further Higher Today

Bank of England Governor along with other BoE members, commented on the possibility of rate cuts

Feb 21, 2024

RBI Bulletin – February 2024

The Bulletin includes monetary policy statement, five speeches, four articles, current statistics

Feb 21, 2024

Solarising Goa With Launch of E4E Program

This event successfully brought together MSMEs and stakeholders, to reflect on the recent developments on green finance, and to discuss how the financial system and the MSMEs can find a common ground to ensure a resilient and low-carbon transition in India

Feb 20, 2024

INR Is Trading Further Stronger Today

Global stocks ended mixed. Investors shifted their focus to Fed minutes which are scheduled to be released this week. Atlanta Fed President also spoke of more data related evidence before embarking on easing financial conditions

Feb 20, 2024

Equitas SFB Is Banking Partner of Chennai Super Kings

Equitas' campaign showcases Equitas' contribution in shaping up individuals' lives through the "Beyond Banking" initiatives

Feb 19, 2024

Leverage e-Auction platform For Property Listing Of Banks, FIs Under Various Acts

DFS Secretary chaired conference of heads of Debt Recovery Appellate Tribunals and Presiding Officers of Debt Recovery of Tribunals

Feb 19, 2024

SIDBI Disbursed Rs43 Bn To 100 AIFs, Which Mobilized Rs170 Bn In 1000 Startups: Ramann

Ramann: Against the commitment of Rs10,000 crore, the AIFs have brought in Rs55,000 crore of capital from global sources, which is a great contribution to Indian economy

Feb 17, 2024

How Lifestyle Inflation Rate Has Moved: Consumer Preferences Have Changed

LII has shown lower inflation compared with the ECI

Feb 16, 2024

After Japan, Now The UK’s Economy Has Slipped In To Technical Recession

The recession is expected will be short lived with recovery expected in CY24, with inflation likely to moderate

Feb 16, 2024

SBM Bank India Appoints Ashish Vijayakar as MD & CEO

He is a veteran banker with a proven track record spanning around three decades, in the banking and financial services sector

Feb 16, 2024

SBI Customers Can Digitally Enroll Under PMJJBY & PMSBY

The facility will provide impetus to the Government of India's drive of covering all eligible citizens under PMJJBY & PMSBY schemes

Feb 16, 2024

India’s merchandise exports registers 3% growth at USD 36.92 Bn

Main drivers of merchandise export growth in Jan 2024 include Petroleum Products, Engineering Goods, Iron Ore, Electronic Goods, Drugs & Pharmaceuticals, etc.

Feb 16, 2024

Das: Actively Participate In RBI’s Fintech Initiatives

RBI Governor met MD & CEOs of Public & Private Sector Banks

Feb 15, 2024

SIB Will Leverage Tech Innovations To Boost Operational Efficiency: Seshadri

South Indian Bank honoured as Best Technology Bank of Year at 19th IBA Annual Banking Technology Conference, Expo & Citations

Feb 15, 2024

INR is trading higher today, in line with other Asian currencies

Japan's economy slipped in to recession after unexpected contraction of 0.4% in Q4CY23 was noted (-3.3% in Q3CY23)

Feb 15, 2024

Many Banks Won Multiple Awards At IBA Banking Technology Conference

SBI, Bank of Baroda, Union Bank of India, Bank of Maharashtra, IndusInd Bank, City Union Bank won multiple Awards

Feb 14, 2024

Sensex Is Trading Lower Today

According to CME Fed watch tool, rate cuts are now likely (74.4% chance) in Jun'24

Feb 14, 2024

Sensex Is Trading Higher Today

Barring EUR (lower), other currencies closed flat against the dollar. DXY inched up ahead of US CPI data

Feb 13, 2024

4 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 13, 2024

Paisalo Digital Becomes BoI’s National BC Partner

By joining forces with BOI, Paisalo Digital aims to leverage its respective strengths and resources synergistically, to tap into the vast market and address the unique financial requirements of India's unbanked population

Feb 12, 2024

Personal Loans Are Largely Concentrated In 9-11% Bucket

The average ticket size of personal loans across population group is higher for Sep'23 than for Dec'18

Feb 12, 2024

Short Term Rates May Remain Higher For Longer

Building Bridges; Fortifying Financial Landscape The Long And The Short Of Prudent Policy Making

Feb 12, 2024

INR is trading stronger today, in line with other Asian currencies

Investors attention is likely to be cued on to the US inflation data to offer more guidance on possible path for interest rates

Feb 12, 2024

Remuneration of Banks' NEDs hiked to Rs30 Lakh

The Board of the bank may fix a lower amount within the ceiling limit of Rs30 lakh per annum depending upon the size of the bank, experience of the NED and other relevant factors

Feb 10, 2024

Bank of Maharashtra To Finance Customers Of MCE

EMI starting as low as INR 51,000 per month and Lower interest rate starting from 9%; Mahindra Construction Equipment enters into preferred financier agreement with Bank of Maharashtra

Feb 10, 2024

Pentonic Continues Its Growth Journey, Contribution Increases To 33.1%

Total Income in Q3 FY24 stood at Rs 12,467 lacs, a slight degrowth

Feb 10, 2024

RBI Allows Branches Of Indian Banks In IFSC To Trade On Int’l Bullion Exchange

This circular is applicable to all Scheduled Commercial Banks (other than Regional Rural Banks).

Feb 10, 2024

Fiscal Consolidation To Hold Key

INR to continue to trade in a tight range

Feb 10, 2024

Bank Credit To MSMEs Remains Strong

With the government's announcement of a new affordable housing scheme for the middle class in the Interim Budget, there is hope for small businesses in the housing and homes value chain in the years to come

Feb 09, 2024

SIDBI Unveils An Impact Study of the Fund of Funds for Startups

CRISIL's assessment reveals heartening all-round impact

Feb 09, 2024

4 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 09, 2024

Sensex Is Trading Higher Today, In Line With Its Asian Peers

Global stocks ended mixed. Investors monitored robust earnings report while also assessing the future path of interest rates

Feb 09, 2024

“A Rate Cut Is Possible Only In Q2 FY25”

The steady momentum is being witnessed in the investment cycle which will help the economy grow faster

Feb 09, 2024

DBS Bank India Achieves Sustainable Financing Milestone

The bank has successfully supported Louis Dreyfus Company India in securing sustainable financing for the procurement of palm oil certified by the RSPO

Feb 08, 2024

RBI Allows Hedging of Gold Price Risk In OTC Market In IFSC

This will provide resident entities more flexibility and easier access to derivative products in hedging their exposure to gold prices

Feb 08, 2024

All REs Mandated To Give KFS To Borrowers For Retail, MSME Loans

RBI's decision shall greatly benefit the borrowers in making an informed decision

Feb 08, 2024

MPC Preview: Status Quo On Rates And Stance

RBI is expected to maintain a hawk eye on inflation dynamics

Feb 07, 2024

Except Japan, Stocks Elsewhere Ended In Green

Except INR (flat), other global currencies appreciated against the dollar

Feb 07, 2024

RBI Cancels License Of Jai Prakash Narayan Nagari Sahakari Bank

The said coop bank does not have adequate capital and earning prospects

Feb 07, 2024

SBI partners with Flywire for Indian – International Students

This partnership integrates Flywire technology directly into the bank's platform, offering Indian students an advanced digital checkout experience for their international educational payments

Feb 06, 2024

Banks Should Engage With Exporters & Importers: Dr Joshi

DFS Secretary chairs meeting to review banking and insurance related international trade matters; Functionaries of RBI, IRDAI, SBI Chairman, and senior executives of major commercial banks were present in meeting

Feb 06, 2024

 Except China (lower), global yields closed higher

On macro front, US ISM services PMI data rose to its 4 month high of 53.4 in Jan'24 from 50.4 in Dec'23

Feb 06, 2024

Unity SFB’s Q3 Net Profit grows 79% at Rs1.10 Bn

The Bank will soon introduce new products such as Credit Cards, Personal Loans; CENTRUM Promoted SFB Delivers Robust Performance in Q3FY24 with Sustained Growth in Profitability, Deposits and Advances

Feb 05, 2024

Sensex Is Trading Further Higher Today, Other Asian Stocks Are Mostly Trading Lower

Global market indices reacted differently to different outcomes

Feb 05, 2024

SBI’s Net Profit At Rs403.78 Bn Improved By 20%

Gross NPA ratio at 2.42% improved by 72 bps YoY keywords SBI, Net Profit, Gross NPA ratio, Net Interest Income, Credit growth, Domestic Advances

Feb 05, 2024

SBI’s Net Profit At Rs403.78 Bn Improved By 20%

Gross NPA ratio of the bank at 2.42% improved by 72 bps YoY

Feb 04, 2024

BoI’s Q3 Net Profit Up by 62% to Rs18.70 Bn

Provision Coverage Ratio (PCR) of Bank of India stood at 89.95% in Dec'23 against 90.27% in Dec'22. GNPA ratio improved by 231 bps from 7.66% in Dec'22 to 5.35% in Dec'23

Feb 03, 2024

Support For Rural Housing, Digitization Augurs Well For Robust Credit Demand

Budget has relied on capex led socio-economic growth template while ensuring the fiscal prudence

Feb 02, 2024

4 Coop Banks Penalized

These actions on 4 coop banks are based on deficiencies in regulatory compliance

Feb 02, 2024

Budget Has Laid Out Reinforced Architecture Of Big Possibilities: Dinesh Khara

'Nari Shakti' Takes Center Stage; Vaccination To Prevent Cervical Cancer; Government To Bring Synergy Of Various Schemes For Maternal And Childcare; U-Win Platform To Further Strengthen Digital India Initiative; Healthcare Cover For Asha Workers, Anganwadi Workers And Helpers

Feb 01, 2024

US Fed Kept Policy Rates Unchanged

Further improving global growth prospects, China's manufacturing activity contracted at a slightly slower pace in Jan'24

Feb 01, 2024

Punjab & Sind Bank’s Net Profit At Rs114 Cr Down By 69.44% Y/Y

Bank's total business stood at Rs201914 as on 31.12.2023

Feb 01, 2024

Growth In Credit To NBFCs Decelerated In Dec 2023

Sectoral Deployment of Bank Credit – December 2023

Feb 01, 2024

Growth In Credit To NBFCs Decelerated In Dec 2023

Sectoral Deployment of Bank Credit – December 2023

Feb 01, 2024

BOB’s Net Profit Up By 38.2% to Rs129 Bn

BOB has witnessed improvement in its Asset quality with reduction in GNPA by 145 bps YoY to 3.08% from 4.53% in Q3FY23

Jan 31, 2024

Production & Price Data Of Consumer Goods Reflect Interesting Points

The fall in production is more pronounced for fruit Juice including concentrates, chocolate & cocoa powder, spices, coffee, jams, jellies, marmalades and skimmed milk

Jan 31, 2024

North East SFB Appoints Shrimohan Yadav As Independent Director

Mr Yadav played a pivotal role in major initiatives, including ownership and licensing of private sector banks, mergers and acquisitions in the banking and financial sector, reconstruction of weak banks, and governance-related matters

Jan 31, 2024

Except UK And Germany, Other Global Yields Closed Lower

Sensex ended in red and was dragged down by losses in consumer durable and capital good stocks. It is trading lower today in line with other Asian indices

Jan 31, 2024

Karnataka Bank Will Use nPOS For Colending

This collaboration will allow Karnataka Bank to digitally onboard various NBFCs, to lend significant amount of money

Jan 30, 2024

Maintain Focus On Capital Expenditure, While Remaining On Path Of Fiscal Consolidation

The rally last year was far stronger in mid- and small-cap companies

Jan 30, 2024

Sensex Is Trading Lower Today

Barring FSTE (flat) and Shanghai Comp (lower), other global indices closed higher

Jan 30, 2024

BoB’s 7 Current Accounts Cater to Businesses

Customised and feature-rich business banking solutions to meet the requirements of a range of enterprises – from individuals & small proprietorship firms to large business houses

Jan 29, 2024

BoB’s 7 Current Accounts Cater to Businesses

Customised and feature-rich business banking solutions to meet the requirements of a range of enterprises – from individuals & small proprietorship firms to large business houses

Jan 29, 2024

India Incubating Innovations: Ascent Of A Colossal Knowledge Based Economy 

IPR applications have grown at CAGR of 60% for the 9-year ended 2022, driven by a surge in Patents and Industrial Designs

Jan 29, 2024

Sensex Is Trading Higher

US GDP in Q4CY23 expanded by 3.3%, beating expectation of 2% growth, but slowing from 4.9% in Q3

Jan 29, 2024

YES Bank’s Q3 Net Profit At Rs2.31 Bn, Grows 349% Y/Y

Resolution Momentum strong with Total Recoveries & Upgrades for Q3 FY24 at INR 1,316 Cr. YTD FY24 cumulative recoveries and upgrades at INR 3,869 Cr

Jan 27, 2024

Budget: Consolidation The Mantra

Policy intent is likely to be made clear through the selective allocation of resources and thrust towards rural development, employment generation and capacity building through infrastructure development

Jan 27, 2024

Long-Term Rural Coops Have Disproportionately Higher NPAs

DCCBS FUNCTION WITH LOWER C-D RATIOS THAN STCBS, OWING TO THEIR HIGHER DEPOSIT BASE

Jan 27, 2024

Maharashtra Contributes Major Share In StCBs’ Net Profits

Credit growth of StCBs remained robust in 2022-23 and they liquidated their SLR investments to bridge the C-D gap due to contraction in deposits; 2 StCBs reported GNPA ratios greater than 50 %

Jan 27, 2024

Amit Shah Will Inaugurate UCBs’ Conference In Nashik

About 3,000 Representatives From 350 UCBs Are Likely To Participate

Jan 26, 2024

Digital Loans Disbursed By PNB In Q3 Improved To Rs23 Bn

Punjab National Bank's Net Profit has Increased toRs2,223 Crore during Q3 FY'24, with YoY growth of 253.41%

Jan 25, 2024

Equitas SFB’s Q3 PAT Is Rs2 Bn

GNPA down to 2.38% in Q3 FY24 from 3.46% in Q3FY23

Jan 25, 2024

Grihum HFC’s Revenue Is Rs2.70 Bn

The HFC's Profit After Tax is Rs37 Cr, up by 8% YoY, AUM atRs7,604 Cr, up by 31% YoY

Jan 25, 2024

DCB Bank’s PAT Grows By 11%

The Provision Coverage Ratio (PCR) as on December 31, 2023 was at 76.42% and PCR without considering gold loans NPAs was at 77.27%

Jan 25, 2024

Investors Raised Hopes Of Easing Liquidity Conditions Amidst Stimulus Measures In China

Given the increasing pressure on liquidity, RBI may resort to measures to infuse durable liquidity in the system

Jan 25, 2024

UCBs Need Good Governance, Adoption Of Technology

RBI Holds Conference Of Directors Of Select Southern Zone UCBs

Jan 25, 2024

Bank Credit To Expand By Robust 15% In FY2024

Incremental bank credit growth as well as corporate bond issuances to reach all-time high in FY2024

Jan 24, 2024

Fiscal Deficit For FY25 Likely To Be Around 5.5% Of GDP

Govt's Gross Borrowing Likely At Rs15.3 Trillion In FY25; Gross Tax To GDP Ratio At 16 Year High In Fy24, Could Touch Highest Ever In The Last 2 Decades In FY25

Jan 24, 2024

Sensex Is Trading Further Lower Today

Nikkei edged down amidst hawkish undertone in BoJ's Governor statement, Asian stocks are trading mixed

Jan 24, 2024

CAFRAL’s Learning Program

Forensic Audit, which involves specialized skills, identifies control failures, uncovers trails and gathers legally tenable evidence to trace funds and achieve final resolution

Jan 24, 2024

Credit Cards, Vehicle Loan Portfolios Record Statistically Significant Rise In Stress

Across product categories (barring housing loans), 80 % of the credit is contributed to by size buckets less than Rs10 to 25 lakh, thus reflecting the granular nature of retail credit even at the product level; Between 2017 and 2023, on average 60 % of the incremental credit is contributed by five banks. However, in recent years, the incremental growth contribution from the dominant banks has decreased; the policymakers may also consider using structural prudential tools, viz., debt-service rati

Jan 24, 2024

In The US, Traders Have Trimmed Down Rate Cut Expectation In Mar’24

Sensex is trading higher today

Jan 23, 2024

TMB Records Highest Ever Quarterly Net Profit of Rs2.84 Bn

Net Interest Income of Tamilnad Mercantile Bank is Rs537 Crores

Jan 22, 2024

Additional Tax Revenue of Rs250 Bn Likely Due to UP Government’s Tourism Initiatives

UP Credit/Deposits 5-Year CAGR is better than All-India level; Where Latin America meets Scandinavia: The Road to Salvation passes through Uttar Pradesh

Jan 22, 2024

Multi State Coop Credit Societies Should Convert Themselves In To Banks: Shah

Cooperative sector will become an important partner in Modi government's 5 trillion economy target

Jan 20, 2024

RBL BANK’s Net Profits Grows 12%

5.75 Lakhs credit cards issued in this quarter; Total cards outstanding at 5.04mn

Jan 19, 2024

Equitas SFB Expands In Kochi, Thrissur

Equitas SFB aims to make banking accessible for Kerala's business, local and NRI community via the 5 branches in the state

Jan 19, 2024

IndusInd Bank’s Net Profit Up By 17%

Bank's NIM at 4.29%, Net NPA at 0.57%, Provision Coverage Ratio at 71%, Capital Adequacy Ratio (CRAR) at 17.86%

Jan 19, 2024

Sensex is trading higher today in line with other Asian stocks

Barring EUR (lower) and GBP (higher), other global currencies ended flat

Jan 19, 2024

RBI Focuses On Remedial Measures To Address Recurring Complaints

Deputy Governor Swaminathan J called upon the Internal Ombudsmen of Banks, NBFCs and CICs to provide valuable inputs for enhancing internal systems and processes

Jan 19, 2024

RBI Penalizes 5 Coop Banks: Total Penalty Amt Rs84 Lakh

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Jan 19, 2024

HDFC NIFTY PSU Bank ETF Will Close On January 23

An Open-ended scheme replicating/tracking the NIFTY PSU Bank Index (TRI)

Jan 18, 2024

SBI Raises Rs50 Bn Through Additional Tier 1 Bond Issuance

The tenor of the bonds is perpetual with a call option after 10 years and every anniversary thereafter.

Jan 18, 2024

Better Than Expected Retail Sales Print In US Eroded Bets Of Rate Cut In Mar’24

UK's inflation came in higher than expected at 4% (3.9% in Nov'23) led by higher prices of alcohol and tobacco, which in turn has dented rate cut expectations from BoE

Jan 18, 2024

Sensex is trading lower today in line with other Asian stocks 5

Investors monitored comments by Fed Waller on lowering rates 'carefully' as inflation is nearing the Fed's target goal

Jan 17, 2024

Karnataka Bank-Clix Capital To Be Co-lending Via Yubi Platform

The partnership to focus on extending loans to MSMEs across

Jan 16, 2024

StCBs, DCCBs Shall Appoint Or Remove Statutory Auditors After RBI Approval

RBI issues Guidelines on Appointment / Re-appointment of Statutory Auditors of State Co-operative Banks and Central Co-operative Banks

Jan 16, 2024

Ayodhya Gets SIDBI’s EV Service: GI Tag For Ayodhya Laddus

SIDBI EV initiatives are geared up to spread across cities, towns and unserved segments. Besides metros, SIDBI's endeavour is to reach tourist clusters and pilgrimage centres like Mathura, Varanasi, Agra and other rural parts of India shortly

Jan 15, 2024

YES BANK Deploys Smartfin, Powered By Veefin’s SCF Solution

SmartFin facilitates digital SCF loans for dealers and suppliers of corporate clients, enabling them to achieve their strategic business objectives, that includes working capital efficiency, market expansion, sales acceleration, and strengthening supply chain partnership

Jan 15, 2024

Investors In US Monitored Quarterly Earnings And Better Than Expected PPI Report

Sensex is trading further higher today while other Asian stocks are trading lower

Jan 15, 2024

3 Banks, 1 NBFC Penalized

These actions on all the 4 entities are based on deficiencies in regulatory compliance

Jan 13, 2024

RBI Cancels License of 2 Coop Banks

Both the coop banks do not have adequate capital and earning prospects

Jan 13, 2024

India Is World Bank's Largest Client: Auguste

Gift City and Vibrant Summit the best gift that Gujarat has given to the world: World Bank Country Director

Jan 13, 2024

New Development Bank Offers $500 Mn Loan Road Project In Gujarat

During a discussion with Chief Minister Bhupendra Patel, topics such as green hydrogen, climate financing, and the services sector in Gujarat were deliberated upon by Vice-President and COO of the New Development Bank, Vladimir Kazbekov

Jan 12, 2024

Equitas SFB Celebrates Success Of Women Entrepreneurs’ Soaring Aspirations

The small finance bank celebrates women entrepreneurs' resilient spirit and success in Uttarayan 2024 through its new Circle of Life video

Jan 12, 2024

SBI Launches Green Rupee Term Deposit

This unique deposit scheme is open to Resident Individuals, Non-Individuals, and NRI Customers

Jan 12, 2024

Conference For Heads Of Assurance Functions Of SCBs Held

The theme of the Conference was 'Resilient Financial System – Role of Effective Assurance Functions'

Jan 12, 2024

Shaping Future of Financial Institutions: India Banking Conclave

Luminaries, experts, and visionaries are gathering as part of India Banking Conclave 2024 in New Delhi to chart a transformative course for India's financial institutions

Jan 12, 2024

India-Japan Fund to invest Rs4 Bn in MLMML

IJF is a Rs4900 Crore (USD 600 Million) fund, with Japan Bank of International Cooperation ("JBIC") and Government of India as anchor investors

Jan 11, 2024

Jocata Sumpoorn Index Shows Slow MSME Sales Growth

ECLGS loans' overall GNPA rose to 6.5% in Sep 2023 from 5.5% in Mar 2023, with services and trade loans accounting nearly half of total delinquencies

Jan 11, 2024

BoB: Fastest To Issue 1,000 Electronic BGs On NeSL Platform

Having introduced issuance of Electronic Bank Guarantee in May 2023, the Bank of Baroda achieved this milestone within 8 months of its launch

Jan 10, 2024

On Macro Front, US Consumer Credit Data Has Picked Up

Sensex is trading lower today, in line with other Asian stock

Jan 10, 2024

BLS E-Services & Kotak Mahindra Bank Spearhead FI in Initiative

The Master 1 Business Correspondent Agreement, inked for an initial three-year term and extendable for an additional year, marks a pivotal moment in the quest to broaden financial access throughout India

Jan 09, 2024

IndusInd Bank’s Samman RuPay Credit Card for Govt Employees

Combining UPI flexibility with exclusive benefits for a seamless banking experience

Jan 09, 2024

India’s 10Y yield could see some downward bias going forward

On domestic front, Bloomberg Index proposed to include Indian bonds (FAR) to be part of the EM local currency Index from Sep'24, which would support more flows

Jan 09, 2024

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Jan 09, 2024

Customers Can Book Ujjivan SFB’s FD On Digital Assets Of Bajaj Markets

Bajaj Markets partners with Ujjivan Small Finance Bank to offer attractive interest on fixed deposits

Jan 08, 2024

Fino Payments Bank Has Applied For ‘On Tap’ Licensing Of SFB

Major changes done in the earlier Guidelines on Small Finance Banks

Jan 08, 2024

AU SFB Launches Swadesh Account For Rural, Semi-Urban Customers

AU Swadesh Current Account provides complete flexibility in terms of balance maintenance and monthly transactions taking into account the seasonality of business cycles

Jan 08, 2024

INR is trading further stronger today

On domestic front, Rabi sowing data remained a cause of concern.

Jan 08, 2024

Demand Side Pull Of Inflation Does Not Seem To Be Much Of A Concern Now

7 out of 20 commodities have registered softening of prices

Jan 06, 2024

For FY25, Strong Economy, Buoyant Tax Revenues Will Let Govt Reduce Fiscal Deficit By 40-50 Bps

GDP GROWTH UPGRADES TO 7.3% FOR FY24 (SBI:7.2%): PER CAPITA INCOME GROWTH AT 6.4%

Jan 05, 2024

5 Coop Banks Penalized

These actions on 5 coop banks are based on deficiencies in regulatory compliance

Jan 05, 2024

Sensex is trading higher today in line with other Asian indices

Markit PMI data shows that services sector activity continued to expand in Dec'23 at faster pace in the US and UK, while it remained in contraction in Eurozone (led by France and Germany)

Jan 05, 2024

INR is trading weaker today, while other Asian currencies are trading mixed

The JOLTS survey shows that job opening in Nov'23 fell by 62k to 8.79mn from 8.8mn, dropping to lowest levels since Mar'21

Jan 04, 2024

Draft Circular On Declaration Of Dividend Released

RBI releases draft circular on declaration of dividend by banks and remittance of profits to Head Office by foreign bank branches in India

Jan 03, 2024

Global Manufacturing PMI Fell To 49 In Dec’2

In Asia, conditions seem to be slightly better

Jan 03, 2024

BoB’s RuPay Prepaid Card To Pay For Public Transport, Tolls & Shopping

The card can be availed by both customers and non-customers at Bank of Baroda branches, and will be immediately activated for real-time use

Jan 02, 2024

DCB Bank’s Savings Account with Cashback Rewards for UPI Transactions

Happy Savings Account holders can receive cashback up to INR 7,500 per year on eligible UPI transactions

Jan 02, 2024

BoI’s Attractive FD Rate For Rs 2 Cr & Above

The Super Special Fixed Deposit offers a very lucrative rate of 7.50% p.a. for 175 days, which is high yielding avenue for HNIs & Corporates

Jan 02, 2024

Asian Indices Started The Year On A Mixed Note

Sensex is trading lower today, while Asian markets are trading mixed

Jan 02, 2024

Bulk Deposits limit for SUCBs Up in Tier 3 and 4 to Rs 1 Cr

RBI Reviews Instructions on Bulk Deposits for UCBs

Jan 02, 2024

License Of Faiz Mercantile Cooperative Bank Canceled

The bank does not have adequate capital and earning prospects

Jan 01, 2024

How transmission of interest rates has fared on deposits and lending sides of PSBs and PVBs?

For PVBs the increase on fresh deposits was lower 195 bps and that on loans was 154 bps

Jan 01, 2024

Sensex is trading lower today

China’s official PMI data reflects that contraction in manufacturing activity deepened in Dec’23, while non-manufacturing activity improved

Jan 01, 2024

Focus On Cybersecurity, Prevent Large Corporate Frauds & Wilful Defaults: FM

NARCL and PSBs should expedite on-boarding of stressed accounts; Coordination between banks, security agencies, regulatory bodies and technology experts will create a more resilient financial ecosystem: Nirmala Sitharaman

Dec 31, 2023

Why There Is Liquidity Deficit In System?

Excluding the impact of HDFC merger, deposits have risen by Rs 16.2 lakh crore (+9%) in FYTD24 so far

Dec 30, 2023

Personal Loans Growth Decelerated To 18.6% Y/Y

Sectoral Deployment of Bank Credit – November 2023

Dec 30, 2023

License Of Musiri UCB Canceled

The bank does not have adequate capital and earning prospects

Dec 30, 2023

WALR On Fresh Rupee Loans Of SCBs Stood At 9.34%

The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of SCBs moved to 6.34 per cent in November 2023

Dec 30, 2023

License Of Adarsh Mahila UCB Canceled

The Commissioner and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank

Dec 30, 2023

Cooperatives' A/C Must Be In Coop Bank Only

Cooperation Minister: New Coop Policy To Be Implemented Soon Across the country; Modi government is spending about Rs25 Billion for computerization of PACS

Dec 29, 2023

Sensex is trading lower today in line with other Asian stocks

Traders are entering 2024 with a thoroughly dovish rhetoric, at least in case of Fed. Expectations are that the reverberation will be felt across major central banks, sooner or later. Hang Seng rose the most, followed by Shanghai Comp

Dec 29, 2023

GNPA and NNPA ratios of UCBs increased in H1’23-24

Maharashtra and Gujarat accounted for 80 per cent of the total 153 mergers since 2004-05; The number of UCBs in Tier 2 and Tier 3 cohorts is large and the impact of credit default risk is higher than other types of risk for both these cohorts; UCBs in the small-sized cohort (i.e., Tier 1) would pass all stress tests, except one bank which fails in the liquidity stress test

Dec 29, 2023

BoB’s FD Interest Rates Increased by up to 125 BPs

With a greater focus on shorter term tenors, the higher interest rates will benefit depositors, while at the same time, protecting NIMs, Depositors

Dec 29, 2023

International Liabilities Of Indian Banks Expanded In Double Digits In Last FY

At end-March 2023, PSBs accounted for 61.4 % of total deposits of SCBs and 57.9 %of total advances

Dec 28, 2023

Bank Frauds Up Y/Y In H1’23-24

While the majority of the frauds in PSBs were related to advances, PVBs accounted for a majority of card/ internet and cash-related cases

Dec 28, 2023

Global stocks rallied amidst strengthening expectations of Fed rate cuts

Sensex is trading higher today while Asian stocks are trading mixed

Dec 28, 2023

Rs21.6 Tn: Coop Banks’ Consolidated Assets at March 2022 were 10% of that of SCBs

REs within the co-operative banking sector have been allowed to enter into outsourcing arrangements with lending service providers (LSPs) and digital lending platforms to imbue more flexibility into their business operations

Dec 28, 2023

Asset Quality Of NBFC Improved In H1, Banks' GNPA Ratio 3.2%

capital buffers and profitability of UCBs improved through 2022-23 and Q1:2023-24

Dec 27, 2023

RBL Bank goes live on GST portal

This service will enable RBL Bank customers to make GST and direct tax payments seamlessly via various digital channels and RBL Bank branches

Dec 27, 2023

Expectations Of Easing Financial Conditions In The US Boosted S&P 500

INR is trading further weaker today, while other Asian currencies are trading mixed

Dec 27, 2023

Global currencies traded in tight ranges

Global equity markets refrained from holding any major positions in the holiday truncated week

Dec 26, 2023

Equitas SFB’s ‘Circle of Life’ Campaign Supporting Farmers this Christmas

The bank showcases Kamatchi's perseverance to resurrect his passion towards agriculture ahead of National Farmers Day aka Kisan Diwas

Dec 25, 2023

‘Pandemic Fund’s Half-a-Billion-$ Envelope

Eligible countries can submit proposals through May 17, 2024 for the Fund, hosted by the World Bank

Dec 23, 2023

SIDBI's Grant To ETO Motors For 300 EVs

ETO Motors manages over 1,500 E3Ws (Passenger + Cargo) and has over 1,500+ drivers, including 200 women drivers

Dec 22, 2023

Barring FTSE And Nikkei, Other Global Indices Closed Higher

The focus will now turn towards upcoming PCE report to offer more guidance on inflation movement

Dec 22, 2023

SBI Ladies' club celebrates Christmas with underprivileged children

The SBI Ladies' Club Mumbai is committed to making a positive impact on the lives of those less fortunate, especially during the holiday season

Dec 22, 2023

BoB Raises Rs25 Bn Via Tier II Bonds

These bonds are Unsecured, Listed, Rated, Subordinated, Non-Convertible, Taxable, Redeemable having a tenor of 10 years from deemed date of allotment with a 5-year call option.

Dec 22, 2023

Markets In Japan, UK And Hong Kong Ended Higher And Others Ended In Red

Barring JPY (higher) and INR (flat), other global currencies ended lower against the dollar

Dec 21, 2023

India No. 1 remittance recipient country: WB

The United States continued to be the largest source of remittances. The top 5 remittance recipient countries in 2023 are India ($125 billion), Mexico ($67 billion), China ($50 billion), the Philippines ($40 billion), and Egypt ($24 billion)

Dec 20, 2023

Except Hang Seng, other global indices ended higher

Global yields closed mixed, with 10Y yields in US and China ending flat, and falling across Germany and Japan

Dec 20, 2023

Students Empowerd With Bob BRO Savings Account

BOB teams up with IIT Bombay's Mood Indigo, Asia's largest college festival, as the Exclusive Banking Partner, to promote bob BRO

Dec 18, 2023

CitiDirect Document Center launched in India

The service is designed to digitize supporting documents and streamline and simplify relevant processes to facilitate cross-border transactions

Dec 18, 2023

ED provisionally attaches property of Rs1.93 Bn in JK STCB case

The fraud involved sanctioning of loan of Rs250 Cr in 2019 to a fake cooperative society by the then Chairman of JKSTCB & Others

Dec 18, 2023

IndusInd Bank’s community program for Diamond Cohorts

In alignment with the launch of 'Indus Solitaire Program', Bank also inaugurated its flagship branch at Surat Diamond Bourse

Dec 15, 2023

Women Empowerment is a sine qua non for Economic Development

Women voters will outstrip men from 2029 onwards and almost at par in 2024

Dec 15, 2023

Thane Janata UCB issues Rs9 Cr DD to NUCFDC

TJSB Chairman Sharad Gangal handed over the demand draft to NUCFDC CEO Atul Khirwadkar

Dec 14, 2023

India’s 10Y yield is trading at 7.28% today

The Fed, BoE, ECB and BoJ are scheduled to meet this week, but no rate action is expected

Dec 12, 2023

Bank of India Starts Nari Shakti Savings Account

The Nari Shakti Savings Account can be opened at all 5132 domestic branches and also through digital platforms

Dec 11, 2023

RBI policy: Creating Right Expectations

Even if the RBI resort to OMO sales, we see the probability of it only in February 2024

Dec 09, 2023

Liquidity Measures Will Facilitate Better Fund Management By Banks

Read comments on RBI policy from Dinesh Khara, Chairman, SBI; Saikrishnan Srinivasan, MD, Experian Credit Information Company of India; Girish Kousgi, MD&CEO PNB Housing Finance; Achala Jethmalani, Economist at RBL Bank; Anurag Mittal, Head of Fixed Income, UTI AMC; ASSOCHAM Secretary General Deepak Sood; Bhuvan Rustagi, COO and Co-Founder, Per Annum & Lendbox; Kanav Kalia, Chief Sales and Marketing Officer, Oxane Partners; and Vijay Kuppa, CEO, InCred Money:

Dec 09, 2023

A Gung Ho Policy

First rate cut is now pushed back to second half of calendar 2024, August 2024 could be the earliest one

Dec 09, 2023

“We Were Getting Contrary Signals From The Market On Rural Demand”

Given the importance placed by MPC on inflation, it looks unlikely that there can be a rate cut before August of next year

Dec 08, 2023

A Gung Ho Policy

First rate cut is now pushed back to second half of calendar 2024, August 2024 could be the earliest one

Dec 08, 2023

IDFC FIRST Bank Changes Credit Card Transaction Game

IDFC FIRST Bank Launches Digital Credit Cards on RuPay platform

Dec 07, 2023

After climbing to a record high, Sensex is trading lower today

Labour market in the US is continuing to show signs of loosening, as ADP data shows that private payrolls were up by only 103k in Nov'23

Dec 07, 2023

After climbing to a record high, Sensex is trading lower today

Labour market in the US is continuing to show signs of loosening, as ADP data shows that private payrolls were up by only 103k in Nov'23

Dec 07, 2023

Unity SFB Increases Interest on Savings Account

Additional slab offers 7.75% p.a. on savings accounts for deposits greater than Rs5 crores

Dec 06, 2023

RBI will be able to reduce rates in August 2024

Hawkish hold expected, Liquidity actions turn crucial

Dec 06, 2023

Sensex trading higher today in line with other Asian stocks

Hang Seng and Shanghai Comp declined sharply after rating agency downgraded China's credit outlook. Sensex advanced to a new high supported by gains in power, consumer durable and banking stocks

Dec 06, 2023

UBI Collaborates with Accenture to Accelerate Data-Driven Transformation

This will boost the bank's operational efficiency and enhance its ability to offer customer-centric banking services and manage risk

Dec 05, 2023

Sensex Is Trading Higher Today, While Asian Stocks Are Mixed

There are signs of a slowdown in the housing market as well, with US pending home sales dropping to its lowest in over 20 year

Dec 04, 2023

Gold is the new stable multi-bagger: Liquidity management needs unconventional tools

Markets destined for 'Interesting Times' in 2024; Domestic Economy nearing Tipping Point to embrace next wave of growth

Dec 04, 2023

INR Expected to trade In Range Of 83-83.5/$ For Next Fortnight

While most global currencies have gained from this, the performance of INR has been underwhelming

Dec 04, 2023

India’s 10Y Yield likely to be in range of 7.25-7.35% in Dec’23

Bonds Wrap

Dec 04, 2023

Growth In Real GDP: India Outperforms Major Countries

The data lent support to the narrative that India is the fastest growing economy in the world

Dec 02, 2023

Growth In Real GDP: India Outperforms Major Countries

The data lent support to the narrative that India is the fastest growing economy in the world

Dec 02, 2023

BoB Raises Rs50 Bn via Infra, Affordable Housing Bonds

The Bank received total bids of Rs10,350 crore

Dec 01, 2023

SBM Bank India’s FD rate up

Offers special anniversary rate of interest on deposits and slashes processing fee on certain categories of advances for a limited period

Dec 01, 2023

Services sector growth waning

India GDP: Growth remains resilient

Dec 01, 2023

BOB Parivar Account For Savings, CAs

'My Family, My Bank' brings together a family's entire banking relationship with the Bank, doing away with the need to maintain minimum balance for each account and enabling all family members to enjoy attractive benefits

Dec 01, 2023

Millennia 2023's 200 Self-Made Entrepreneurs

First edition of 'IDFC FIRST Private Hurun India' is a list of the 200 most valuable companies in India founded after the year 2000

Nov 30, 2023

$543 Bn in retail investor capital could be mobilized to combat climate change by 2030

96% of investors in India are interested in climate investing, the highest among all markets surveyed

Nov 30, 2023

Sensex is trading higher today, in line with Asian stocks

In the Eurozone, inflation in both Germany and Spain eased significantly, led by a drop in energy prices.

Nov 30, 2023

54% Banking CEOs Focus On Capital Investment In New Tech

The single largest risk identified by 79% of banking CEOs is the cost of living, reflecting the impact on customers and workforces, leading to stalled borrowing and investing volumes and significant wage inflation; KPMG releases 2023 Banking CEO Outlook Report

Nov 29, 2023

Reserve Bank of New Zealand suggested more hikes

INR too recovered from a record-low, despite higher oil prices. It is trading further stronger today, in line with other Asian currencies

Nov 29, 2023

DBS Bank-H&M Group collaborate for climate action

They have initiated a collaborative finance tool – a first-of-its-kind green loan program that facilitates supply chain decarbonisation in the apparel sector

Nov 28, 2023

India’s 10Y yield is trading a tad lower at 7.26% today

Weaker macros in the US and commentary by ECB President on softer economic activity, also impacted sentiments

Nov 28, 2023

Bank of India to spread awareness on eye care measures

An informative session was conducted by renowned eye specialist Dr. Smit Bavaria from Dr. Agarwals Eye Hospital to raise awareness among employees about eye care measures

Nov 27, 2023

Has capacity utilization for India Inc. improved in H1?

A way of looking at capacity utilization in the economy is through the lens of ratio of turnover to fixed assets ratio of India Inc. especially for the non-financial sector

Nov 24, 2023

India’s 10Y yield is trading further higher today at 7.27%

Sensex is trading flat today, while other Asian indices are trading mixed

Nov 24, 2023

RBI has no policy of closing down small coop banks or restricting them: Marathe

Alka Petkar said that cyber security will be one of the biggest challenges faced by cooperative banks

Nov 23, 2023

Sensex trading higher today, while other Asian indices are trading mixed

FTSE slipped for the 3rd straight session led by fall in energy stocks amidst a drop in oil prices

Nov 23, 2023

Power Of Digital Transactions: Currency In Circulation Falls In Diwali Week

Over the years, the Indian cash lead economy now has changed to smart-phone lead payment economy chart SBI 23 Nov

Nov 23, 2023

INR is trading higher today

Other Asian currencies are trading mixed

Nov 22, 2023

Corporate Margin Shows Sign Of Distinct Improvement Since Q4FY23

US elections are due in November 2024 and thus the Democrats may not be comfortable with a slowing economy before elections and hence a frontloaded slowdown looks more imminent

Nov 22, 2023

Winning In Uncertain Times: Shaktikanta’s Inaugural Address At FIBAC

This conference of industry stalwarts and global thought leaders will highlight some of the key emerging issues related to the banking industry. Key success strategies will be discussed and a roadmap for the future of the Indian banking industry will be laid out

Nov 21, 2023

Sensex trading higher today, in line with other Asian indices

Sensex trading higher today, in line with other Asian indices

Nov 21, 2023

India’s 10Y is trading tad higher today at 7.23%

In UK, retail sales weakened and slid by 0.3% in Oct'23 (MoM basis) far lower than expected and ex-petrol, the sales volume were down by 0.1%.

Nov 20, 2023

6th edition of ‘Baroda Kisan Pakhwada inaugurated

The Bank Aims To Reach Out To 4 Lakh Farmers During The Kisan Pakhwada

Nov 18, 2023

Satish Marathe will participate in Janata Sahakari Bank's Jubilee Program

Janata Sahakari Bank's ‘Cooperative Week’ is now underway

Nov 17, 2023

RBL Bank’s healthcare vans for support staff

CSR initiative, Dhanvantri, to foster healthy lifestyle and overall well-being

Nov 17, 2023

Fed Officials And ECB President All Are Hinting At Risks Of Overtightening

US jobless claims rose to a 3month high for the week ending 11 Nov

Nov 17, 2023

Equitas SFB’s Hospital Offers Affordable Cancer Care

This hospital is a step towards bridging the gap and providing life-saving treatment particularly to patients from underprivileged segments

Nov 17, 2023

INR is trading lower today, in line with other Asian currencies

Global indices closed higher, with Hang Seng and Nikkei registering maximum gains

Nov 16, 2023

CAD is expected at USD 59 bn, with CAD/GDP at 1.7%

The supply-demand mismatch continues to be the major factor driving the crude oil prices

Nov 16, 2023

How FPI flows have moved?

Going ahead with some correction in US 10Y yield, some reversal in the trend may be expected

Nov 15, 2023

Federal Bank’s UPI Lite for Small-Value Digital Payments

Benefits of UPI Lite for Customers include reduction in transaction time, a ready to access bank statement, higher payment success rate and enhanced security

Nov 15, 2023

Sensex has opened higher in line with other Asian markets

China's macro data has also boosted investor sentiments

Nov 15, 2023

India’s labour market: Self-entrepreneurship across all echelons

Female Labour Force Participation Rate increased across states

Nov 14, 2023

Bank of Baroda increases One Year MCLR to 8.75%

Bank of Baroda keeps Overnight MCLR unchanged

Nov 11, 2023

Growth for cash withdrawal continues to fall

Some of the high frequency indicators have been signaling resilience in domestic demand as has been reflected by pickup in digital payments, power demand and even in electronic imports

Nov 10, 2023

Suryoday SFB’s PAT up by 284%

The bank has 25.1 lakh customers, an increase of 20% y/y

Nov 10, 2023

Sensex opened lower today in line with other Asian stocks

Better than expected initial jobless claims data of the US and hawkish commentary from Fed Chair Powell, pushed treasury yields higher and equity markets lower

Nov 10, 2023

SIDBI to support capacity enhancement of women entrepreneurs

SIDBI and DAY-NRLM SIDBI sign of MOU that marks a significant milestone in journey of women-led enterprises

Nov 10, 2023

IndusInd Bank's Loan Mela for 2-Wheelers with OEMs

Scheduled to run until November 30th, 2023, the 'Loan Mela' allows customers ample time to benefit from these exclusive offerings

Nov 09, 2023

SBM Bank India’s Festive FD @ 8.25%

This offer is applicable for amounts less than INR 2 Crore, for both Callable and Non-Callable FDs

Nov 09, 2023

CAPITAL SFB’s Q2 net profit up by 32 %

Total Business (advances and deposits) increased to Rs12,866 crore in HY1-FY 2024; ROE and ROA has increased to 16.45% and 1.29% respectively

Nov 09, 2023

Sensex opened flat today while other Asian stocks are trading higher

Deflationary pressures in China continue to persist

Nov 09, 2023

PNB launches Digital Gold Loan

The bank celebrated a one-day Digital Mahotsav at its Head Office

Nov 08, 2023

>80% of biz leaders confident in globalisation & trade

In partnership with Bloomberg Media Studios, the Standard Chartered's research surveyed business leaders across 20 markets in Africa, Asia, Europe, the Middle East, and North America

Nov 08, 2023

Central banks hint at end of rate hike cycles

BoE's chief economist has stirred hopes of rate cuts from next summer

Nov 08, 2023

Standard Chartered Bank drives SCF for Tata Motors’ EV dealers

Tata Motors has been dominating the Indian EV market commanding a market share of over 73%

Nov 06, 2023

IndusInd Bank’s Anthem Companion in World Cup

With the ICC partnership, IndusInd Bank leverages seamless integration across various marketing channels, including social media

Nov 06, 2023

Sensex is trading further higher today, in line with other Asian stocks

In Australia and UK, service sector contracted at a slower pace in Oct'23

Nov 06, 2023

BoI’s Q2 net profit up by 52%

BoI's Internet Banking users Increased to 8.66 million in Sep'23 from 8.28 million in Sep'22

Nov 04, 2023

SBI to issue Electoral Bonds

The Electoral Bond deposited by an eligible Political Party in its account shall be credited on the same day

Nov 04, 2023

Major price hike not likely with fresh arrival of harvest

BoB Essential Commodity Index (BoB ECI) has edged down to 2.4% in Oct'23

Nov 04, 2023

BoB’s Q2 net profit up by 28.4% at Rs42.53 Bn

BOB has delivered ROA of more than 1% and ROE around 20%, consistently for last 5 quarters

Nov 04, 2023

SBI’s net profit grew by 8% at Rs143 Bn

Share of SBI's Alternate Channels in total transactions increased to 97.7% in H1FY24

Nov 04, 2023

PNB’s 'Deepawali Dhamaka 2023

Customers can now avail home loans at a reduced rate of 8.40%

Nov 04, 2023

PNB’s 'Deepawali Dhamaka 2023

Customers can now avail home loans at a reduced rate of 8.40%

Nov 04, 2023

Punjab & Sind Bank’s PAT at Rs1.89 Bn

Punjab & Sind Bank has successfully upgraded its CBS to the latest version of Finacle 10.2.25.

Nov 04, 2023

IndusInd Bank starts NRI Homecoming festival

The lender has been facilitating a seamless NRI Digital Account Opening platform

Nov 03, 2023

Investors monitored Fed statement to assess future trajectory of rates

INR continued to trade in a narrow range, but is trading stronger today

Nov 02, 2023

Fino Payments Bank's PAT up 42%

Fino Payments Bank's 15th consecutive profitable quarter

Nov 01, 2023

only 1 Maharatna PSE in Top 10 profitable companies in FY23

SBI and LIC way more than Maharatna CPSEs contributing 37% of India's GDP

Oct 31, 2023

Yen weakened slightly

Except Japan, stock markets elsewhere ended in green

Oct 31, 2023

Strategic merger of 2 strong, well-run SFBs

Sanjay Agarwal: This is not just a merger of two entities, its a union of shared values, common goals, and a vision for the future. Financial Inclusion powerhouse in the making

Oct 30, 2023

amalgamation of Fincare SFB into and with AU SFB

The share exchange ratio for the amalgamation of the Transferor Company into and with the Transferee Company shall be 579 (Five Hundred Seventy Nine) equity shares of face value of Rs10/- each of the Transferee Company for every 2,000 (Two Thousand) equity shares of face value of Rs10/- each of the Transferor Company

Oct 30, 2023

Amalgamation of Fincare SFB into and with AU SFB

The share exchange ratio for the amalgamation of the Transferor Company into and with the Transferee Company shall be 579 (Five Hundred Seventy Nine) equity shares of face value of Rs10/- each of the Transferee Company for every 2,000 (Two Thousand) equity shares of face value of Rs10/- each of the Transferor Company.

Oct 29, 2023

Amalgamation of Fincare SFB Limited into and with AU SFB

The share exchange ratio for the amalgamation of the Transferor Company into and with the Transferee Company shall be 579 (Five Hundred Seventy Nine) equity shares of face value of Rs10/- each of the Transferee Company for every 2,000 (Two Thousand) equity shares of face value of Rs10/- each of the Transferor Company.

Oct 29, 2023

Jagriti G20 Startup20 2023 for Green Entrepreneurship

SIDBI is supporting a unique entrepreneurship train journey across India

Oct 29, 2023

MS Dhoni now SBI’s Brand Ambassador

Dinesh Khara: "Dhoni’s association with SBI as a satisfied customer makes him a perfect embodiment of our brand's ethos.”

Oct 29, 2023

IDFC FIRST Bank’s Q2 PAT up 35%

Provisions increased 25% YOY from Rs424 crore in Q2-FY23 to Rs528 crore in Q2-FY24

Oct 28, 2023

RBI reviews instructions on bulk deposits for RRBs

"Bulk Deposit" for Regional Rural Banks would now mean Single Rupee term deposits of Rupees one crore and above

Oct 28, 2023

Union Bank of India’s Q2 net profit up by 90%

Bank's total Business atRs19,84,842 Cr as on September 30, 2023

Oct 28, 2023

IOB’s Q2 net profit up @ Rs6.25Bn

Net NPA reduced to Rs1,364 Crores i.e., 0.68% for quarter ended 30th September 2023

Oct 27, 2023

TMB’s PAT up at Rs2.74 Bn

Book value of share has increased to ?466 from ?408 Y-o-Y

Oct 27, 2023

bob LITE Savings Account

The Lifetime Zero Balance Savings Account comes loaded with offers during the festive season

Oct 27, 2023

INR is trading further weaker today

Tokyo's core consumer inflation (ex food) rose more than anticipated to 2.7% (ext: 2.5%) in Oct'23 ahead of BoJ's rate decision scheduled next week.

Oct 27, 2023

PNB’s net profit up by 327%

PNB' YouTube followers up by 64% Y/y

Oct 27, 2023

Minimum amount for non-callable TDs may be increased to Rs1 Cr

All TDs up to Rs1 Cr shall have premature-withdrawal-facility

Oct 27, 2023

Canara Bank’s Net Profit up by 43%

Global Business of the bank increased by 10.12% y/y to ?21.56 Trillion

Oct 27, 2023

Pickup in output expected with rice, sugarcane registering improvement

Projection of Kharif output:2023-24

Oct 26, 2023

INR is trading weaker today, in line with other Asian currencies

10Y yields in UK and Germany inched up by 7bps and 6bps respectively

Oct 26, 2023

Zuzar Tinwalla is Standard Chartered’s CTOO

He will be a member of the TTO Asia Management Team

Oct 26, 2023

SBI organized workshop

SBI empowers district managers to expand Jansuraksha schemes at grassroots level

Oct 26, 2023

Gain in Hang Sang index led by a rally in tech stocks

INR is trading stronger today, in line with other Asian currencies after China announced more stimulus

Oct 25, 2023

IndusInd Bank & Viamericas’ Digi service to NRIs in USA

Indus Fast Remit (IFR) platform under the Rupee Drawing Arrangement (RDA) scheme of RBI

Oct 25, 2023

RBL Bank has over 5% market share of Cards in Force

tighter control on new bookings resulting in delinquencies in line with industry

Oct 25, 2023

YES Bank processes 1 in 3 digital payment transaction

12 million queries and 400k service requests managed by Yes Robot and Whatsapp Banking

Oct 23, 2023

Asian currencies are trading mixed

INR appreciated supported by RBI intervention. It is trading weaker today; Fed survey: Higher rates likely for a longer period, Bob stocks graph

Oct 23, 2023

RBL Bank’s net profit grows 46%

Yet another quarter of improving operating performance

Oct 21, 2023

YES BANK’s Net Profit grows 47%

One of the highlights during Q2 included the launch of next gen mobile banking app 'iris by YES BANK': Prashant Kumar

Oct 21, 2023

How have interest costs responded to repo rate cycles?

There is still some room for upward movement in WALR

Oct 21, 2023

Retaining higher for longer

Our view is that any chance of a rate cut is pushed out to Q2FY25

Oct 21, 2023

Joshi reviews progress of FI with PSBs, NABARD, SIDBI, NPCI

Special focus on promotion of digital payments

Oct 20, 2023

Credit Growth to drive GDP

SBI Research: Nothing unsecured about unsecured lending

Oct 20, 2023

Equitas SFB’s PAT for Q2 grows 70%

Bank's investments in technology/digitization continue to progress effectively, benefits of which should be felt in the upcoming years: Vasudevan

Oct 20, 2023

SBI strengthens its commitment to FI 

Supporting the Government's Jansuraksha campaign

Oct 19, 2023

Digital finance to contribute USD 950 billion to GDP by 2025: Choudhary

18th ASSOCHAM Annual Summit & Awards on Banking and Lending Companies

Oct 19, 2023

RBL Bank launches ‘GO Digital Savings Account’

Open a zero-balance account in minutes

Oct 19, 2023

Bank of India-REC to co-finance loans worth Rs300 Bn

The loan book of REC exceeds Rs4,54,393 cr

Oct 19, 2023

Q2 Net Profit of IndusInd Bank up by 22% YoY

Financial results for the Quarter/ Half Year ended September 30, 2023

Oct 18, 2023

USD/INR to trade in the range of 83-83.5$ in the near term

Fortnightly forex review

Oct 18, 2023

HDFC Bank’s deposits grew to Rs. 21,72,858 Cr as of Q2, ’23-24

The consolidated profit after tax of the lender for the half year ended September 30, 2023 is up 40.9% y/y

Oct 17, 2023

Amalgamation of Suvikas Coop Bank with Kalupur UCB approved

RBI sanctioned the Scheme of Amalgamation

Oct 17, 2023

Bank of Baroda revises interest rates on FDs

Bank of Baroda (BoB), one of India’s leading public sector banks, has announced increase in interest rates on domestic retail term deposits, including NRO and NRE term deposits, by up to 50 basis points across various tenors up to 3 years.

Oct 16, 2023

Unity Bank hikes interest rates on FDs of 701 Days

Taking advantage of the high interest rate regime, Unity Small Finance Bank Limited (Unity Bank), a new age, digital first bank, has hiked its interest rates offered on Fixed Deposits kept for 701 Days.

Oct 16, 2023

Internal Ombudsman framework in a few institutions is way below the requirement Swaminathan J, Deputy Governor, Reserve Bank of India

He spoke recently at the Conference on Customer Service, held in Mumbai.

Oct 16, 2023

IBBI invites suggestions to simplify and reduce cost of compliance

The Insolvency and Bankruptcy Board of India (IBBI) has invited suggestions/comments from public and regulated entities, on the Regulations for simplifying, easing and reducing cost of compliance.

Oct 16, 2023

BOI-WDRA sign MoU to promote financing against e-NWR

To promote e-NWR (electronic Negotiable Warehouse Receipts) financing, Bank of India has joined hands with the Warehousing Development and Regulatory Authority (WDRA)

Oct 16, 2023

Unity Bank hikes interest rates on FDs of 701 Days

Interest rates offered on Fixed Deposits

Oct 16, 2023

Decision to calibrate liquidity depends on evolving scenario: SBI Chairman

Dinesh Khara, Chairman, SBI, said: “The ability of RBI to remain steadfast and focused on pitching key growth deliverables, bodes well even as global uncertainties pick pace outside

Oct 16, 2023

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