PSBs Recover Record ₹2.03 Lakh Crore Bad Loans In Last One-and-half Years: FM
Bad loans fall to ₹7.27 lakh crore at the end of September 2019, down from ₹8.96 lakh crore at the end of March 2018... Read more
Union Bank Reports Four Times Jump In Q3 Net Profit To ₹575 Crore
Huge recoveries coupled with lower provisioning requirement helped Union Bank of India report an almost four times jump ... Read more
Bank Of Baroda Cuts MCLR By Up To 10 Basis Points
State-owned Bank of Baroda on Monday announced cut in its marginal cost of funds-based lending rates (MCLR) by up to 10 ... Read more
In 2020, PayU India To Engage More With Banks For Digital Payments Push
To focus on omni channel payment services, ramp up consumer lending, says CEO Anirban Mukherjee Read more
RBI To Conduct ₹50,000-cr LTRO
To inject durable liquidity into the banking system and ensure transmission of changes in policy repo rate to bank lendi... Read more
Avendus Wealth Management Appoints Nitin Singh As MD And CEO
Avendus Wealth Management, financial services’ provider Avendus Group company, has appointed Nitin Singh as Managing D... Read more
IRDAI Revises Stewardship Policy For Monitoring Investee Companies
Following the recent troubles at a number of non-banking finance comapnies (NBFCs) and housing finance companies (HFCs),... Read more
HDFC Bank Appoints Anjani Rathor As Chief Digital Officer
HDFC Bank has appointed Anjani Rathor as its new Group Head - Digital Banking. Rathor has been designated Chief Digital ... Read more
Banks, Select Financial Institutions Report Frauds Involving ₹1.13 Lakh Crore In H1 Of FY20: Sitharaman
Frauds involving ₹1,13,374 crore were reported by banks and select financial institutions in the first half of the cur... Read more
Mahindra & Mahindra Financial Services To Raise ₹310 Cr Via NCDs
Non-banking finance firm Mahindra & Mahindra Financial Services on Monday said it will raise up to ₹310 crore thro... Read more
LIC Unions Against Stake Sale, To Protest
The insurer is profitable, has assets of ₹31-lakh crore; why hand over such wealth to corporates, ask employees Read more
Divestment To Help Both LIC, Government: Jayant Sinha
BJP MP and former Union Finance Minister Jayant Sinha on Sunday said disinvestment of the Life Insurance Corporation as ... Read more
GIC Re Revises Fire Premium Rates, To Impact Average Premium By 25 %
State-owned reinsurer General Insurance Corporation of India (GIC Re) has hiked the fire premium rates for all 291 occup... Read more
Sunil Mehta Takes Over As Chief Executive Of Indian Banks Association
Sunil Mehta has taken over as Chief Executive of Indian Banks’ Association from today. “He succeeds VG Kannan, who... Read more
Currencycloud Raises $80-million In Series E Funding Led By Visa, SAP Venture
London-based start-up to use funds to tap into Asian market; to open new office in Singapore. Read more