BANKS

ICICI, HDFC, SBI will have to offload Rs 1.2 lakh cr if RBI caps stake in insurance arms: Report

​​ Quoting unnamed RBI officials, a media report earlier this week said the monetary authority is not comfortable with banks owning control...

India Ratings flags systemic risk issues on banking exposure to NBFCs

As per the agency, banks exposure to non-bank finance companies have risen to less that 6% of overall loans in FY15 to nearly 10% in FY20. ...

J&K govt withdraws nomination of Zubair Iqbal as MD of J&K Bank

Zubair Iqbal had served J&K bank for 15 years before moving to HDFC bank in 2004. After serving HDFC bank for about 16 years, he quit in Ma...

Banking services may get affected later this month due to proposed strike: Canara Bank

Canara Bank said it is taking necessary steps for smooth functioning of bank branches and offices on the days of the proposed strike.

NBFCs push for parity with banks, seek access to credit repository of large borrowers

Non-bank lenders that are mandated to report the relevant credit information every quarter don’t have access to the data on their own custo...

Axis Bank partners WhatsApp to offer basic banking services

Axis Bank said all the services on WhatsApp Banking will be available 24X7, including holidays. To get on-board, customers need to send a H...

Extreme weather like floods, droughts, cyclones puts $84 billion of Indian banks debt at risk

SBI, HDFC Bank, IndusInd Bank and Axis Bank are among the institutions that reported climate risks to nonprofit environmental disclosure pl...

RBI restricting banks from raising stakes in insurance firms - sources

Reserve Bank of India (RBI) rules allow banks to hold up to 50% stakes in insurers and on a selective basis equity holdings can be higher b...

Kotak Mahindra Bank cuts home loan rates to 6.65%

The move comes hours after home loan segment leader SBI cut its offering to 6.70 per cent. Home loan rates were already at a 15-year-low, a...

HDFC Bank faces intermittent downtime on Payments stack

“Some users have complained about facing difficulties in processing transactions, it’s not a widespread issue, our IT teams are looking int...

Canara Bank's Executive Director Matam Venkata Rao appointed as new MD & CEO of Central Bank

The central government through a gazette notification on February 26, 2021 has appointed Matam Venkata Rao, Executive Director, Canara Bank...

Nine banks, two non-bank lenders to infuse Rs 7,000 crore in bad bank

Eleven shareholders will hold just above 9% each initially, and this would mean that no single shareholder has more than 10% in promoting s...

Axis Bank board approves reclassification of United India Insurance as public shareholder

The private sector lender said it will seek approval from the shareholders through an ordinary resolution for the required reclassification.

Government committed to strengthen banking sector: PM Narendra Modi

“Private enterprises are being promoted wherever possible, still, along with this, an effective participation of the public sector in banki...

Bad bank will be a new ARC set up by PSBs: Shaktikanta Das

Central bank governor Shaktikanta Das said the proposed bad bank, considered crucial in helping extract capital stuck in soured loans, will...

Fino Payments Bank says inclusion in commercial bank list to boost business prospects

The scheduled commercial bank, also called scheduled bank, status allows Fino to enhance its banking position in the treasury and participa...

Indian Bank integrates core banking software of erstwhile Allahabad Bank

The bank has successfully completed process of technical migration of CBS/ITMS software of erstwhile Allahabad Bank with CBS/ITMS software ...