BANKS

Government extends tenure of 3 executive directors of Canara Bank, Indian Overseas Bank

The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara...

Kotak Mahindra Bank launches festive offers to woo borrowers

Kotak is offering customers attractive loan rates, loan processing fee waivers and quick online loan approvals on a range of retail and agr...

Indian Bank follows SBI, sets up portal to restructure retail loans

“The requests will be registered with a unique reference number and through SMS, customers will be informed to visit their respective India...

Bank credit up 5.66 percent, deposits rise 10.55 percent: RBI data

In the previous fortnight ended September 25, 2020, bank credit had grown by 5.15 per cent to Rs 102.72 lakh crore and deposits rose by 10....

Indian Bank inks MoU with Ministry, SIDBI for street vendors

​​Indian Bank MD and CEO Padmaja Chunduru said it is a privilege for the bank to associate with the scheme which is the flagship scheme of ...

Digital adoption will improve return on equity for Indian banks: Morgan Stanley

The forecast reflects faster growth in retail and SME segments, increased cross-sell and faster product delivery and better risk-adjusted r...

5% of total bank loans could be restructured due to Covid: CARE Ratings

An earlier estimate by India Ratings had estimated that up to 7.7% or Rs 8.4 lakh crore of the total bank credit could get restructured or ...

Banks working to ensure the productivity gains made due to COVID-19 are sustained

Adjustments made due to the pandemic like remote working, use of banking correspondents and flexible working hours have benefits in terms o...

Bandhan Bank's collection efficiency improves in September

Collection efficiency for microfinance loans was 89% while it was 98% for mortgage loans, according to provisional data submitted to the st...

Bandhan Bank plans giant leap into retail lending as part of its evolution as universal bank

“The bank is gearing up for the next level of structural transformation toward a true universal bank like large private peers by re-organiz...

Banks sanction Rs 1.35 lakh cr concessional loans to 1.5 cr KCC card holder farmers

As part of the Aatmanirbhar Bharat Package, the government has announced to cover 2.5 crore farmers under the KCC scheme with a credit boos...

Fino Payments Bank to add 300 more points at BPCL outlets in Tamil Nadu

The digitised cash in the form of prepaid fleet cards allows drivers to make payments for fuel at BPCL outlets, which also completely frees...

Bank Board recommends names for two SBI MDs

The BBB interfaced with 16 candidates from various nationalised banks and State Bank of India on October 5, for vacancies of Managing Direc...

Banks relieved as govt will foot bill for interest waiver

The government’s proposal to pick up the tab for the waiver of 'interest on interest' on loans of up to Rs 2 crore clears the uncertainty o...

Reserve Bank of India appeals to Supreme Court to allow NPA classification

The Reserve Bank of India, in a filing to the Supreme Court late on Friday, warned that failure to immediately lift an interim stay on bank...

Govt seeks approval from Cabinet Committee on Economic Affairs on lowering stake in IDBI Bank

The government will seek an in-principle approval from the Cabinet Committee on Economic Affairs (CCEA) on lowering its 47.11% stake in IDB...

Banks need Artificial Intelligence for corporate lending: Krishnamurthy Subramanian, Chief Economic Advisor

​​Speaking at a virtual summit organised by Intel and Indian School of Business, he said lending to MSMEs (Micro, Small and Medium Enterpri...