Banking
Bank of Baroda reports Rs 1046.5 crore loss in Q4, to raise Rs 5,000 crore
Bank of Baroda, a public sector bank, reported a loss of Rs 1,046.5 crore for the January to March 2021…
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RBI slaps a fine of Rs 10 crore on HDFC for auto loan irregularities
A fine of Rs 10 crore has been imposed on HDFC Bank by the banking regulator, Reserve Bank of India.…
Banking
51% stake in proposed bad bank to be owned by private players
State-run banks who are working on the ‘bad-bank’ want private companies, including asset managers, to own a 51 per cent…
Banking
ICICI cuts home loan rates to its lowest
ICICI Bank Ltd. announced on March 5 that it has brought down its interest rate on home loan of up…
Banking
HDFC to raise Rs 5,000 crore via issuing bonds
HDFC Ltd will raise Rs 5000 crore by the issue of non-convertible debentures (NCDs) on a private placement basis. The…
Banking
RBI extends deadline to submit applications for entity like NPCI
The Reserve Bank of India (RBI) has extended the deadline to March 31 for all applications to create an umbrella…
Banking
RBI has concerns about cryptocurrency
RBI Governor Shaktikanta Das expressed that the central bank was concerned that cryptocurrencies may impact financial stability in Asia’s third-largest…
Banking
The market is assured that liquidity will be there: RBI Governor Shaktikanta Das
The markets need to work with RBI to corroborate the “orderly evolution of the yield curve,” RBI governor Shaktikanta Das…
Banking
ADB appoints Korean expert, Woochong Um as Managing Director General
Asian Development Bank (ADB) has appointed a Korean international development expert, Woochong Um as managing director-general. He has been working…
Banking
RBI: ₹1,000 withdrawal cap on Deccan Urban Co-op Bank for 6 months
Karnataka-based Deccan Urban Co-operative Bank Ltd has been barred by the RBI for granting new loans or accepting deposits. The…
Banking
Citibank’s “biggest blunder in banking industry”; can’t recover $500 million paid by mistake to Revlon lenders
Citibank won’t be allowed to recover almost $500 million it mistakenly paid to cosmetic company Revlon’s lenders, a US Court…
Banking
Few banks including Central Bank of India shares gain over 10%, each on potential privatization
Shares of Bank of Maharashtra, Bank of India, Indian Overseas Bank and Central Bank of India gained more than 10…