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
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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…
Banking
RBI forms panel to see if they can consolidate urban co-operative banks
Reserve Bank of India (RBI) set up a panel chaired by former RBI Deputy Governor N S Vishwanathan on Monday…
Banking
Kotak Mahindra Bank launches Kotak Remit on mobile app
Kotak Mahindra Bank, on Monday, announced the launch of Kotak Remit, its outward forex remittance service, on mobile. It will…
Banking
Chanda Kochhar granted bail, can’t leave the country without court permission
Former ICICI Bank CEO has been granted bail on a bond of Rs 5 lakh by the Mumbai court. She…
Banking
No need for queue when SBI ADWM is there for key banking facilities
India’s largest lender State Bank of India’s (SBI) allows its customers to avail key banking facilities through its’ ADWM. The…
Banking
SBI Q3 profit falls 7%, NII growth at 3.7% meets estimates
Financial powerhouse State Bank of India reported a 7 percent year-on-year decline in net profit at Rs 5,196.22 crore for…
Banking
RBI appoints external auditor for special review of HDFC Bank’s IT infra
The Reserve Bank of India (RBI) has designated an external expert IT firm to do a special audit of HDFC…
Banking
Union Budget 2021: No ITR for Senior Citizens and many more key benefits granted
No income tax filling for senior citizens over the age of 75 Re-opening of tax returns timeline reduced from 6…
Banking
Axis Bank Q3 results: Net profit drops 36% to ₹1,117 crore, NII rises 14%
Axis Bank reported a 36 percent year-on-year drop in net profit to ₹1,116.6 crore for the quarter ended 31 December.…
Banking
Kotak Mahindra Bank reports Rs. 1,853 crore profit in Q3 but decrease in credit growth
Kotak Mahindra Bank reported a 16.1% growth in the third financial quarter that ended on December 2020. It is one…
Banking
RBI drew out 7,000 crore liquidity assistance to DBS Bank
DBS Bank India was extended assistance by The Reserve Bank of India (RBI) of about 7,000 crore to meet the…