Money & Banking

Punjab National Bank (PNB) on Tuesday reported net loss of Rs 492 crore for the third quarter ended December 31, 2019. This was against a net profit ...

The Reserve Bank of India (RBI) is likely to keep monetary policy accommodative without cutting interest rates at a policy meeting on Thursday, ...

Conferred by London-based The Banker magazine, the award recognises Shaktikanta Das’efforts to make the banking system more robust

With the government’s focus on encouraging digital payments, IMPS, UPI and the BHIM app continued to go strong in the new year with all three ...

The Reserve Bank of India is likely to ask banks to set up dedicated cells for market intelligence and monitoring large credit exposures. This is ...

LV Prabhakar has assumed office as the Managing Director and Chief Executive Officer of Canara Bank. Prabhakar was earlier the Executive Director at ...

China’s central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points on Monday, as authorities stepped up ...

The fiscal pressures facing Narendra Modi’s government showed through clearly in the measures announced for the financial sector, where the priority ...

Big banks know they have limited time to figure out how to account for the growing risk of climate change before the regulators do it for them.A ...

Competition for the ownership of Altico Capital India has revived with the re-entry of Cerberus Capital Management into the race. New York-based ...

Banks credit and deposits grew 7.21 per cent and 9.51 per cent to Rs 100.05 lakh crore and Rs 131.26 lakh crore, respectively, in the fortnight ended ...

KR SrivatsCall this a fallout of the Punjab & Maharashtra Co-operative Bank (PMC Bank) crisis and other failures in the cooperative banks segment ...

IDBI Bank, on Monday, said it has raised ₹745 crore through the issue of Basel III-compliant Tier 2 bonds. The issue was open for bidding in the ...

Frauds involving ₹1,13,374 crore were reported by banks and select financial institutions in the first half of the current financial year, Finance ...

Non-banking finance firm Mahindra & Mahindra Financial Services on Monday said it will raise up to ₹310 crore through non-convertible debentures ...

The insurer is profitable, has assets of ₹31-lakh crore; why hand over such wealth to corporates, ask employees

BJP MP and former Union Finance Minister Jayant Sinha on Sunday said disinvestment of the Life Insurance Corporation as proposed in the Union budget ...

Suresh P IyengarThe proposed bullion exchange at Gift City in Gujarat may not offer much relief to the bleeding jewellery industry, which was hoping ...

Centrum Housing Finance Ltd (CHFL), a part of financial services major Centrum Group, has entered into an agreement to raise Rs 190 crore from a fund ...

Acceding to union demands not feasible, says banks’ association

Lack of recap for PSBs raises eyebrows

The changeThrough the digital revolution, “we shall aim for social security through pension and insurance penetration”, said the FM. But the Budget ...

Aside from restoring the confidence of depositors, the government has been facing an uphill task of reviving lending activity. If PSBs, that ...

After ceding 51 per cent controlling stake in IDBI Bank to LIC last financial year, the government now plans to sell the balance holding of 46.46 per ...