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Category : Banking
RBI Report Highlights Decline in Cash Use as Digital Payments...
RBI economist Pradip Bhuyan's study reveals a surge in digital payments, doubling from 2021 to 2024, while cash usage declines. The...
Standard Chartered Opens Exclusive Branch for High Net...
Standard Chartered Bank opens a specialised branch in Mumbai to cater to affluent and high-net-worth individuals, aiming to capture...
Government Accelerates IDBI Bank Disinvestment, Due Diligence...
The Indian government is advancing the disinvestment of IDBI Bank, with due diligence for potential bidders starting in November....
Union Bank CEO Attributes Slow Loan Growth in September...
Union Bank of India's CEO A. Manimekhalai highlights the decline in corporate loan growth and overall lending in the September quarter...
Pranav Chawda Appointed as CEO of JPMorgan India Banking...
Pranav Chawda has been appointed as CEO of JPMorgan India’s banking unit for three years, following the approval from India's central...
FIU Fines Union Bank of India Rs 54 Lakh for Violations...
FIU imposes a Rs 54 lakh fine on Union Bank of India for failing to report suspicious transactions and lapses in due diligence under...
Indian Banks Face Pressure to Borrow More as Deposit Growth...
Fitch Ratings reports that Indian banks may need to borrow more due to slowing deposit growth and a decline in low-cost deposits....
Indian Government Bond Yields Rise as Caution Grows Following...
Indian government bond yields increased on Monday as cautious sentiment prevailed following comments from the RBI Governor about the...
RBI Sells 649 Billion Dollars in Spot Forex Market in August...
The Reserve Bank of India sold $6.49 billion in the spot forex market in August, shifting from a net purchase in July. The rupee weakened...
State Bank of India Plans to Raise Rs 5000 Crore Through...
The State Bank of India is raising Rs 5,000 crore this week through the issuance of AT-I bonds, with a focus on enhancing its core...
RBL Bank Shares in Spotlight After Q2 PAT Falls 24% Year-on-Year
RBL Bank shares are likely to attract attention as the bank reports a 24% YoY decline in Q2 FY25 profit after tax, despite a 9% rise...
Indian Overseas Bank Chief Warns of NII Impact in Upcoming...
Indian Overseas Bank's MD Ajay Srivastav warns of NII impact as RBI rate cuts approach, with pressure expected on banks with high...