banks – Page 2

‘Foreign banks’ exposure to trades in long-term bonds not a concern’

19/07/2023
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The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major […]

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PSU banks in real danger of privatisation, says AIBOC

19/07/2023
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All India Bank Officers’ Confederation (AIBOC), the apex body of bank officers in the country, on Tuesday said state-run lenders are in “real danger of […]

SBI to set up trustee company to manage corporate debt market development fund

19/07/2023
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State Bank of India (SBI) will set up a trustee company, which will be its wholly-owned subsidiary, for managing the Corporate Debt Market Development Fund […]

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Government asks banks to issue mobility-enabled cards

19/07/2023
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The government has asked banks to ensure that all new cards and reissues of old cards have the National Common Mobility Card (NCMC) as a […]

DBS launches new IFSC banking unit in GIFT City

18/07/2023
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DBS Bank Ltd., Singapore’s largest bank, on Monday, expanded its presence in India by inaugurating its new IFSC Banking Unit (IBU) in the Gujarat International […]

India, UAE sign MoUs for promoting local currencies in cross-border trade

17/07/2023
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The Reserve Bank of India and the Central Bank of UAE (CBUAE) on Saturday signed two Memorandums of Understanding (MoU) to strengthen the use of […]

Brics-promoted bank keen to add members

17/07/2023
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Gandhinagar: The Brics-promoted New Development Bank (NDB) has started membership expansion to make the bank a global institution, said Leslie Maasdorp, the bank’s vice president […]

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HDFC Bank onboards 1 lakh customers and 1.7 lakh merchants on CBDC platform

14/07/2023
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Private lender HDFC Bank on Thursday said it has onboarded over 1 lakh customers and 1.7 lakh merchants under the Central Bank digital currency (CBDC) […]