Banks should fortify cyber security as fraud cases rise: RBI
The RBI on Thursday said that the banks should focus on fortifying cyber security and prevention of cyber frauds to safeguard their customers from rising incidents of fraud and da...
Banks entering period of low revenue growth for 2HFY24
Banks are entering a period of low revenue growth for 2HFY24 as the cost of funds is yet to peak for all players, Kotak Institutional Equities said in a report.
India has become new engine of global growth with young demography says RBI Governor Shaktikanta Das
In a symposium on the Indian Economy in Tokyo, Governor Shaktikanta Das emphasized India's resilience amid global challenges. Despite macroeconomic and geopolitical shocks wo...
SBI authorised to issue and encash electoral bonds through 29 branches
The Ministry of Finance has granted authorization to the State Bank of India (SBI) for the issuance and encashment of electoral bonds through its 29 authorised branches.
SBI sets aside Rs 8,900cr for pay and pension hike to staff
SBI Chairman Dinesh Khara on Saturday said the country's largest bank said that a surge in provision for the likely salary and pension hike of its employees had impacted the ...
UCO Bank Q2 net down to Rs 401.67 cr
Public sector mortgage lender UCO Bank on Friday said it closed the second quarter of FY24 with a Rs 102.85 crore lower net profit as compared to previous year corresponding perio...
Zurich Insurance to acquire majority stake in Kotak Mahindra General Insurance
Kotak Mahindra Bank on Thursday announced that Swiss insurance company Zurich Insurance will acquire a 51 per cent stake in its subsidiary Kotak Mahindra General Insurance.
Indian Overseas Bank posts Rs 624.34 cr PAT for Q2
Public sector mortgage lender Indian Overseas Bank (IOB) on Friday said it closed the second quarter of FY24 with a 24.75 per cent growth in net profit.
Punjab National Bank Q2 PAT zooms to Rs 1,756.13 cr
The Indian government-owned Punjab National Bank on Thursday said it closed the second quarter of FY24 with a net profit of Rs 1,756.13 crore.
Indian Bank Q2 PAT at Rs 1,987.76 crore
Public sector mortgage lender Indian Bank on Thursday said it closed the second quarter of FY24 with a higher net profit aided by a drastic reduction in provisions for non-perform...
Canara Bank logs 43% growth in Q2 PAT at Rs 3,606 cr
Public sector mortgage lender Canara Bank on Thursday said it closed the second quarter of FY24 with a 42.81 per cent growth in its net profit.
RBI directs private banks to have at least two whole time Directors on boards
The RBI has directed all private sector banks and wholly-owned subsidiaries of foreign banks to ensure the presence of at least two Whole- Time Directors, including the MD & C...
Axis Bank books Rs 5,863 crore PAT for Q2
Private sector Axis Bank on Wednesday said it closed the second quarter of FY24 with higher net profit of Rs 5,863 crore.
Bank of Baroda plans to raise Rs 10,000 cr through bonds
The Bank of Baroda board of directors on Wednesday approved a proposal to raise up to Rs 10,000 crore through long-term bonds for financing infrastructure and affordable housing.
RBI bars Bank of Baroda from more customers on bob World app (Ld)
The Reserve Bank of India (RBI) has directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their customers onto the 'bob World' mobile appl...
PSU banks are best-performing bank stocks among Asia-Pacific peers
India's state-owned lenders posted the best-performing bank stocks among the country's Asia-Pacific peers in the quarter ended September 30, reflecting growing investor ...
RBI to release monetary policy statement on Friday, pause in repo rate likely
The Reserve Bank of India (RBI) will on Friday announce its bimonthly monetary policy statement which is closely watched by financial market participants.
PSU bank stocks top gainers in Sep
All major sectors end higher in September with PSU Banks (+18 per cent), Telecom (+9 per cent), Utilities (+7 per cent), Oil & Gas (+6 per cent), and Capital Goods (+6 per cen...
RBI fines SBI, Indian Bank for breach of norms
The Reserve Bank of India on Monday slapped fines on State Bank of India, Indian Bank, Punjab & Sind Bank, and Fedbank Financial Services for violating norms.
Bank duty bound to follow provision of law: Supreme Court
The Supreme Court has said that a bank is duty bound to follow the provisions of the law as any other litigant.