RBI and NPCI recently approved hiking ATM interchange fees by 2 from May 1 onwards

Credit to agriculture and allied activities registered a growth of 11.4 per cent year-on-year

The umbrella organisation expects smaller banks in Tier I and -II cities to make up for the shortfall of 40 crore

He will succeed Anup Neogi, who has decided to retire from his role.

The Uday Kotak-backed division added 2,280 new families to its client base in private banking in the year ending March 2024

This discussion comes as banking system liquidity in India has sharply decreased, influenced by aggressive dollar-selling interventions by the central bank.

Discussions between the government, the RBI, and SEBI are ongoing to finalise these reforms

The company registered a 20.31 per cent year-on-year growth in its gross direct premium underwritten upto February in the current financial year

NPCI acknowledged the outage, citing technical issues but confirmed that the system had been stablised

The revised PSL guidelines, effective April 1, 2025, enhance limits for several loans, including housing loans, for enhanced PSL coverage

The Bill is aimed at reducing the number of unclaimed deposits in banks.

Recent data shows that CPI inflation has dropped to a seven-month low of 3.6% in February, falling below the MPCs target of 4%

Non-performing loan ratio to peak by the fiscal year that ends March 31, 2026

Foreign-currency loans taken out by Indian borrowers have declined 30% on year to $3.2 billion so far this year, and are running at a four-year low, according to Bloomberg-compiled data. But that trend could soon reverse

In a filing to the stock exchanges, the bank stated that it intends to challenge the order before the appropriate forum, contesting the disallowances and additions made by the tax authorities

The updated BHIM 3.0 app now supports over 15 Indian languages and is optimised for low-internet areas, addressing accessibility challenges.

Bain Capital will buy a majority controlling stake in Manappuram Finance Ltd through a combination of preferential allotment of equity and warrants, and open offer

Shriram Finance plans to raise $250 million, while Bank of Baroda secured a $750 million loan earlier this month

Healthy recoveries from low-vintage accounts, and robust settlement rates across secured and unsecured asset classes would drive improved redemptions

The revised guidelines, which is expected to facilitate better targeting of bank credit to the priority sectors of the economy, will be effective from April 1, 2025

PCI, in a letter to PM Modi, says sustaining Indias digital payments growth would require continuous investments in innovation, cybersecurity, merchant onboarding, compliance, and IT infrastructure

Prior to this elevation, Majumdar served as the CFO with the bank

Specifically, the risk weight on Bbanks exposure to NBFCs, which was increased by 25 percentage points

WazirX to refund around 85 per cent of stolen assets using existing liquid assets, provide recovery tokens for balance amount under restructuring scheme

The issue arose after the bank engaged in certain non-compliant internal trades, leading to misstatements in its financial records

Of 27,830 crore total dividend, nearly 65 per cent or 18,013 crore was paid to the government towards their shareholding in FY24

Bank plans to file an appeal before the appellate authority

The Bank said Khajuria has over 44 years of experience in various executive roles in the banking sector and financial markets

Vyomesh Kapasi appointed a member of the Group Management Council

mDigiNext mobile app to streamline cash management operations and workflows for corporates