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Latest Articles in Banking

Indian Govt Working With Cenbank To Control Inflation

Inflationary pressure has not eased yet but should do as prices of crude oil and food items like edible oil fall

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RBI Tightens Scrutiny Over Digital Lending Apps

Only regulated entities such as banks and shadow banks will be allowed to disburse and collect re-payments on loans, and this will not be left to third parties, the central bank said

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New Credit Rating Rules Could See 100 Firms Downgraded: Ratings Bodies

The companies likely to be affected are mostly in the power, healthcare, engineering, construction and roads sectors

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India's Bank Liquidity Surplus Rises After A Sharp Drop Last Week

India's banking system liquidity surplus rose to more than Rs 2 trillion on Wednesday, after dropping to a near three-year low below 500 billion rupees ($6.34 billion) last week

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"We Have Declared War" Against Bad Loans: Punjab & Sind Bank Chief

The Punjab & Sind Bank will also be transferring bad loans worth over five billion rupees to the national bad bank which will also help to trim toxic assets

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RBI To Raise Rates In August But No Consensus On Size Of Hike

With inflation running at a near-decade high and the rupee trading near a record low, the RBI, which only began raising rates in May, is expected to front-load subsequent hikes to catch up with its global peers

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CSB Bank Profit Nearly Doubles To Rs 115 Cr In Q1; Asset Quality Improves

Private lender CSB Bank on Thursday reported 88 per cent growth in its net profit at Rs 115 crore in the first quarter of FY23 on the back of decline in bad loans

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In Touch With Authorities To Resolve Cooperatives' Concerns On RBI Regulations: Amit Shah

Shah, who also holds portfolio of Home Affairs, was replying to a question in the Rajya Sabha related to the Reserve Bank of India (RBI) regulations on cooperative bodies

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RBI Mandate Leads To Prepaid Card Business Crash

This slowdown in new issuances to its customers is attributed to lack of clarity in regulations

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Phased Implementation Of Digital Currency For Wholesale, Retail Segments At Works: RBI

The passage of the bill has enabled the RBI to conduct a pilot and subsequent issuance of CBDC

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Bank Of Maharashtra Shares Climb Over 2% After Q1 Earnings

The stock gained 1.80 percent to Rs 16.95 on the BSE after a firm start in early trade

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SoftBank Halts Plans For Arm's London IPO

The departures of investment minister Gerry Grimstone and digital minister Chris Philp, following the collapse of UK Prime Minister Boris Johnson's government earlier this month, have led SoftBank to pause discussions about Arm's UK listing next year, the FT reported, citing people briefed on the talks

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UCO Bank Gets Nod To Raise Equity Capital By Issuing Up To 1 Bn Shares

The bank would raise equity capital at appropriate time in the current fiscal to support growth, according to a regulatory filing on Tuesday

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Urban Co-Op Banks Need To Focus On Symmetric Development: Amit Shah

Cooperation Minister Amit Shah on Thursday said urban cooperative banks need to focus on symmetric development and adopt modern banking methods to stay in competition

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Businesses Should Avoid Aggressive Short-term Reward-seeking Culture: RBI Governor

Reserve Bank of India Governor Shaktikanta Das said the single most important aspect that determines the long-term success of a business is corporate governance

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