BANKS
ICICI Bank targeting to serve 20 lakh customers of rival banks through app
The lender expects the number of such customers, who are using the app for instant UPI-based payments and recharges, to double in the next ...
Kotak Mahindra Bank to handle salary account of Indian army personnel
"Through the Kotak salary account, all personnel of the Indian army will get access to the full range of Kotak's products and services incl...
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 ...
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