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DFS Secretary asks banks to raise credit penetration in aspirational districts

DFS Secretary asks banks to raise credit penetration in aspirational districts

🕔18:43, 20.Jan 2023

New Delhi, Jan 20 (IANS) With a view to increase credit penetration in aspirational districts, Secretary, Department of Financial Services Vivek Joshi chaired a review meeting on Friday with Lead District Managers (LDMs) of these districts and State Level Bankers’ Committee

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SBI, ICICI Bank & HDFC Bank continue to be systematically important banks: RBI

SBI, ICICI Bank & HDFC Bank continue to be systematically important banks: RBI

🕔15:09, 3.Jan 2023

New Delhi, Jan 3 (IANS) The State Bank of India, ICICI Bank and HDFC Bank continue to be identified as “Domestic Systemically Important Banks (D-SIBs)”, according to the Reserve Bank of India (RBI). SIBs are those financial institutions which are too

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India Post Payments Bank cautions its customers from Cyber Frauds

India Post Payments Bank cautions its customers from Cyber Frauds

🕔19:12, 30.Nov 2022

IPPB does periodical updating of customer identification data post account opening New Delhi, Nov 30: Due to the rise in multiple fraudulent activities where fraudsters open fake accounts in the name of villagers, tribals and not so literate people by giving

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Finance minister lauds state-owned banks for recording profits

Finance minister lauds state-owned banks for recording profits

🕔07:16, 8.Nov 2022

New Delhi, Nov 8 (IANS) Finance Minister Nirmala Sitharaman on Monday lauded all 12 public sector banks for recording combined net profits worth Rs 25,685 crore in the second quarter of the current fiscal. In a series of tweets, she said,

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HDFC Life logs Rs 326.23 crore profit in Q2

HDFC Life logs Rs 326.23 crore profit in Q2

🕔18:40, 21.Oct 2022

Chennai, Oct 21 (IANS) Life insurance major HDFC Life Insurance Company Ltd on Friday said it closed the second quarter of FY23 with a net profit of Rs 326.24 crore. The company said it had earned a net premium of Rs

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CCI clears acquisition of 10% stake in Yes Bank by CA Basque Investments

CCI clears acquisition of 10% stake in Yes Bank by CA Basque Investments

🕔10:25, 21.Oct 2022

New Delhi, Oct 21 (IANS) The Competition Commission of India (CCI) on Thursday approved the acquisition of 10 per cent stake in Yes Bank Limited by CA Basque Investments. The proposed combination pertains to CA Basque acquiring up to 10 per

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Prime Minister to dedicate 75 digital banking units to nation on October 16

Prime Minister to dedicate 75 digital banking units to nation on October 16

🕔16:19, 15.Oct 2022

New Delhi, Oct 15 (IANS) Aiming to strengthen the financial inclusion framework in the country, Prime Minister Narendra Modi will dedicate 75 digital banking units (DBUs) to the nation on October 16 at 11 a.m. via video conferencing. As part of

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PNB introduces Banking Services through WhatsApp for customers and non-customers

PNB introduces Banking Services through WhatsApp for customers and non-customers

🕔19:45, 3.Oct 2022

New Delhi, October 03, 2022:  In an effort to make banking services more accessible, Punjab National Bank (PNB), nation’s leading public sector bank, has introduced Banking services through WhatsApp for both customers and non-customers. The new service was launched by

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Yogi govt asks banks to upgrade security systems

Yogi govt asks banks to upgrade security systems

🕔09:52, 28.Sep 2022

Lucknow, Sep 28 (IANS) The Uttar Pradesh government has decided to upgrade the security system in the banking sector. Principal secretary, home, Sanjay Prasad said, surveillance systems and data storage would be made more effective to strengthen the security system of

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Sitharaman directs banks to enhance coverage of SCs in all schemes

Sitharaman directs banks to enhance coverage of SCs in all schemes

🕔07:24, 28.Sep 2022

New Delhi, Sep 28 (IANS) Finance Minister Nirmala Sitharaman on Wednesday called upon public sector banks to enhance coverage of Scheduled Castes (SCs) in all schemes and advised them to also look into their needs for capacity building and entrepreneurship development,

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Short-term rates rise multi-year high as liquidity in banking system slips into deficit

Short-term rates rise multi-year high as liquidity in banking system slips into deficit

🕔18:31, 22.Sep 2022

Mumbai, Sep 22 (IANS) Rates on short-term instruments such as commercial papers, Certificate of deposit and treasury bills rose sharply in last few weeks after the liquidity in the banking system slipped into a deficit post remaining in huge surplus.

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Banks gross NPA to improve to 4% by next fiscal: CRISIL

Banks gross NPA to improve to 4% by next fiscal: CRISIL

🕔15:23, 21.Sep 2022

Mumbai, Sep 21 (IANS) The gross non-performing assets (NPA) of the banks is expected to improved 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per cent by

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Reduction in rice & pulses sown area a problem to be monitored: Bank of Baroda

Reduction in rice & pulses sown area a problem to be monitored: Bank of Baroda

🕔17:27, 20.Sep 2022

Chennai, Sep 20 (IANS) The reduction in rice and pulses sown area during the Kharif sowing season can be problematic, said the Bank of Baroda in a research report. “Sown area of Kharif crops is marginally lower compared with last year.

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Finance Minister urges banks to ‘professionalise’ decision-making boards

Finance Minister urges banks to ‘professionalise’ decision-making boards

🕔06:37, 17.Sep 2022

New Delhi, Sep 17 (IANS) Finance Minister Nirmala Sitharaman on Friday directed banks to “professionalise” their decision making boards, making it clear that they cannot be run with a “crony background”. Addressing the 75th Annual General Meeting (AGM) of Indian Banks’

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Banks aggressively garnering funds via CDs, FDs amid firm credit off take

Banks aggressively garnering funds via CDs, FDs amid firm credit off take

🕔11:28, 24.Aug 2022

Mumbai, Aug 24 (IANS) The rising demand for credit in last couple of days has prompted banks to garner funds aggressively through certificates of deposits (CD), bonds, and fixed deposits (FD). The need for aggressive fund raising arose after the surplus

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Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds

Canara Bank to raise up to Rs 2,000 cr via Basel-III Tier-II bonds

🕔18:15, 23.Aug 2022

Mumbai, Aug 23 (IANS) Canara Bank plans to raise Rs 2,000 crore, which includes Rs 1,000 crore through Basel-III Tier-II bonds maturing in 10-years, market participants said. The bidding for the bonds will take place on August 25 between 11 a.m.

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Interest rates of small savings schemes static due to interest burden on banks

Interest rates of small savings schemes static due to interest burden on banks

🕔10:33, 19.Aug 2022

New Delhi, Aug 19 (IANS) The government has kept interest rates on small savings schemes unchanged since the past two years after they were last revised in the first quarter of 2020-21, even as banks have drastically hiked their home loan

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Net profit of banks rose 37.1% to Rs 44,048 cr in Q1FY23: BoB report

Net profit of banks rose 37.1% to Rs 44,048 cr in Q1FY23: BoB report

🕔07:23, 19.Aug 2022

Mumbai, Aug 19 (IANS) The net profit of the banks rose by 37.1 per cent year-on-year to Rs 44,048 crore in the first quarter of the current financial year, according to a Bank of Baroda research report. The net profit of

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ICICI Bank trading record high in morning trade

ICICI Bank trading record high in morning trade

🕔16:41, 18.Aug 2022

Mumbai, Aug 18 (IANS) ICICI Bank has been trading at a record of Rs 885 during the early morning trade on Thursday. Motilal Oswal’s report said that the bank’s annual report reaffirms our view that the bank is progressing well in

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Interest coverage ratio in FY23 is likely to deteriorate: Bank of Baroda study

Interest coverage ratio in FY23 is likely to deteriorate: Bank of Baroda study

🕔14:51, 10.Aug 2022

Mumbai, Aug 10 (IANS) The interest payments of the companies is going to increase going forward because interest rates are expected to go up in the rising rate cycle where the Reserve Bank of India (RBI) has already front loaded 140

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