HDFC Bank's Puri highest paid, ICICI Bank Bakshi forgoes salary in Covid yr
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HDFC Bank's Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore.
His successor Sashidhar Jagdishan, who took over as the chief executive and managing dir
Covid-19 wave intensifies pressure points for small, mini non-banks: Report
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The second COVID-19 wave has intensified pressure points for small and mini NBFCs, as they did not get the benefit of the RBI's liquidity measures announced last year, a report said.
RBI increases loan limit of bank directors to Rs 5 cr from Rs 25 lakh
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Said unless sanctioned by board or management committee, banks should not grant loans of Rs 5 crore or more to relatives other than spouse and dependent children of their top brass
RBI eases norms for loans given by banks to directors of other banks
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The Reserve Bank of India (RBI) on Friday said banks without their boards' approval can sanction personal loans up to Rs 5 crore to directors of other banks.
YES Bank Q1 results: Lender posts net profit of Rs 207 cr; NII down 26.5%
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The lender's net interest income (NII) -- the difference between the interest the bank earns and it pays out to depositors --- declined 26.5 per cent to Rs 1,402 crore
BoB, U GRO Capital come together to launch co-lending platform 'Pratham'
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Bank of Baroda and fintech platform U GRO Capital have launched a co-lending platform Pratham, under which Rs 1,000 crore loan will be disbursed to the MSME sector in the country.
ICICI Bank ups ante in credit card space with fuel discount offering
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Upping its game in the credit card market where it has been closing in on its bigger rival HDFC Bank, ICICI Bank on Tuesday launched a co-branded offering that gives discounts on fuel purchases.
Banks once again move top court to keep inspection reports hidden
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The inspections are done by RBI and not even bank staff, except top brass, are allowed to see it. But a 2015 SC ruling telling RBI to make the reports available under RTI changed all that
Paytm gateway enables payment from fixed deposit account held with IndusInd
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Paytm Payments Bank's customers can now make instant payments through its payment gateway using balances available in their fixed deposit account held with its partner bank, IndusInd Bank.
Private lenders seen trouncing state peers in India's economic recovery
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Many shareholders will be on the lookout for indications that private lenders have enhanced already stronger buffers to give them more wiggle room to step up lending in an eventual recovery
Several factors still hinder monetary transmission to bank rates: RBI
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Although transmission of deposit and lending rates has significantly improved in recent times, several factors continue to obstruct effective monetary transmission to these bank rates, RBI has said
Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 cr in FY21: RTI
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Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response.
Central Bank to seek shareholders' nod to set off loss of Rs 18,724 cr
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Central Bank of India will seek shareholders' approval in its ensuing annual general meeting next month to set off accumulated loss of over Rs 18,724 crore from the share premium account of the bank.
How the Mastercard incident highlights need for regulating digital trade
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The Indian central bank pulled the plug on the US payments network for alleged noncompliance with its controversial local data storage rules introduced three years ago
RBI remains net purchaser of US dollar in May; buys $5.84 billion
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The Reserve Bank of India (RBI) remained net buyer of the US dollar in May 2021, after it net purchased USD 5.842 billion from the spot market, according to data from the central bank.
In the reporting month, the RBI purchased USD 7.142 billion while sold US
Bank credit grows by 6.08% ; deposits increased by 9.76%
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Bank credit grew by 6 per cent to Rs 109.31 lakh crore and deposits increased by 9.76 per cent to Rs 154.51 lakh crore in the fortnight ended July 2, 2021, RBI data showed.
Next purchase of G-secs worth Rs 20,000 cr under G-SAP 2.0 on July 22: RBI
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RBI on Thursday said the next purchase of government securities for an aggregate amount of Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) will be conducted on July 22
