BNP Paribas said it has promoted Sanjay Singh to head of India territory with effect from January 1. Singh, who is currently the chief executive […]
Category: BFSI
Canara Bank wins Banker’s Bank of the Year Award 2022 for India at Global Banking Summit
Canara Bank on Friday announced that it received the “Banker’s Bank of the Year Award 2022” for the India segment at the Global Banking Summit, […]
RBI cautions banks against frauds in accounts linked to direct benefit transfer
he Reserve Bank of India (RBI) has cautioned banks against increasing instances of fraud in accounts linked to the government’s direct benefit transfer (DBT) and […]
Share of loans to industry sector in bank credit declines to 25 per cent
With increase in borrowings by the manufacturing firms, the share of loans to the industry sector in bank credit has declined to almost 25 per […]
Branches of Indian banks in overseas can deal in financial products not permitted in domestic market
The Reserve Bank on Thursday allowed with certain riders foreign branches and subsidiaries of Indian banks to deal in financial products that are not specifically […]
RBI comes out with four-tiered regulatory framework for urban cooperative banks
The Reserve Bank of India (RBI) on Thursday announced a four-tiered regulatory framework for categorisation of Urban Co-operative Banks (UCBs), Besides, the central bank has […]
Balaji Rajagopalan joins State Bank of India as Chief Technology Officer
B2B Infomedia would like to congratulate Mr. Balaji Rajagopalan for being appointed as Chief Technology Officer (CTO) at the State Bank of India. He previously worked at icicibank as the Bank […]
Strong bank loan growth in FY23 despite higher interest rates: Fitch
Fitch Ratings on Monday said India’s bank credit will see strong growth in current financial year despite effects of higher interest rates. It said the […]
Bank credit grows to 17.2 per cent in September, reveals RBI data
The Reserve Bank of India (RBI) on Monday released quarterly statistics on deposits and credit highlighting bank credit growth to 17.2 per cent on an […]
RBI imposes Rs 1.25 crore penalty on Zoroastrian Co-operative Bank
The Reserve Bank of India has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai for non-compliance with certain directions, including one […]