RBI issues revised norms for hiring of bank lockers: Check details here
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Under new norms, the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees
RBI to buy up to Rs 25,000 cr of 5 gilts on August 26 under G-SAP 2.0
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The Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26, under the G-sec Acquisition Programme (G-SAP 2.0).
RBI issues revised instructions for banks on locker management
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The Reserve Bank of India (RBI) on Wednesday issued revised instructions for all banks regarding locker management following orders of the Supreme Court
HDFC Bank shares gain as RBI lifts curbs on new credit card issuances
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Shares of HDFC Bank on Wednesday rose nearly two per cent in early trade as investors cheered the Reserve Bank's decision to allow the lender to issue new credit cards.
With the lifting of the eight-month-long ban on HDFC Bank with respect to selling new cre
MFI's gross loan portfolio slips 4% to Rs 214,528 cr till June: Sa-Dhan
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The microfinance industry's gross loan portfolio (GLP) marginally declined by around 4 per cent to Rs 214,528 crore as of June 30 this year, against Rs 224,205 crore as of June 20, 2020
UPI forms 10% of overall retail payments in FY21, says Macquarie report
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UPI saw its FY21 annual throughput value at Rs 41 trillion, almost 2.8x that of credit and debit card at Point of Sale combined, and almost 20x that of prepaid payment instruments.
SBI scraps processing fees, lists more offers for retail customers
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The country's largest lender State Bank of India on Monday announced a slew of offers for its retail customers ahead of the festive season.
The bank has announced a 100 per cent waiver on processing fees for its car loan customers across all channels, a rele
BoM tops PSU banks chart in terms of loan, saving deposit growth in Q1
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State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and savings deposit growth during the first quarter of the current financial year.
The Pune-headquartered lender recorded 14.46 per cent incre
FM to meet CEOs of PSBs on August 25 to review financial performance
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Sitharaman is scheduled to meet heads of public sector banks on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic
RBI cancels licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra
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The Reserve Bank has cancelled the licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra for not having adequate capital and being unable to pay its present depositors in full
India's forex reserves rise by $889 mn to lifetime high of $621.464 bn
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The country's foreign exchange reserves increased by USD 889 million to a lifetime high of USD 621.464 billion in the week ended August 6, 2021, RBI data showed on Friday
RBI likely to hike interest rates starting early 2022, say analysts
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The Reserve Bank may be hitting the end of its tolerance for high inflation and will most likely hike interest rates in the first half of 2022, analysts said on Friday.
The central bank will also start rolling back its accommodative policies which have led t
Deutsche Bank gets nod to set up IFSC banking unit at GIFT City
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Deutsche Bank will set up its IFSC banking unit at India's first global financial centre in Gujarat.
The bank has received approval from the GIFT SEZ Authority to set up an IFSC banking unit at India's first International Financial Services Centre (IFSC) at
AU Small Bank eyes Universal banking status in 2-3 yrs, says MD-CEO
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Lender has rolled out platform to provide customers with a full-suite of digital banking services, including face-to-face interaction with a banker over video call
