State-owned Punjab National Bank (PNB) on Tuesday announced the launch of UPI 123PAY, an IVR-based UPI solution. This offering aligns with the Digital Payment Vision […]
Tag: banks
Over 75% of Rs 2,000 notes returned by users to banks
Nearly four-fifths of the ₹2,000-denomination currency notes have been deposited in banks, the central bank said on Monday. It said that ₹2.72 lakh crore worth […]
PM ups the ante for co-op; askes it to partner govt for a developed India
Addressing the 17th Indian Cooperative Congress at Pragati Maidan in New Delhi on Saturday, Prime Minister Shri Narendra Modi upped the ante for co-op sector […]
Banks’ net interest margin jumps 46 basis points to 3.3% in March quarter, says report
Banks’ net interest margin (NIM), a key profitability gauge, grew 46 basis points to 3.3 per cent in the January-March quarter, driven by slower deposit […]
Bank of Baroda plans to divest up to 49 pc in credit card arm
State-owned Bank of Baroda (BoB) plans to sell up to 49 per cent stake in credit card business arm BOB Financial Solutions Ltd. Currently, it […]
SBI launches fully revamped YONO app; to have UPI features like scan & pay
The State Bank of India (SBI) launched its fully revamped digital banking application ‘YONO for Every Indian’ on Sunday. With YONO, which stands for “You […]
India’s indigenous HDFC to seal place in top echelons of world’s most valued banking space
In a remarkable feat, an indigenous Indian company will ascend to the upper echelons of the global banking landscape, as the tie up of HDFC […]
Banks racked up Rs 71,871 crore of notional bond losses in FY23, one-third of profits
Indian banks might have been poorer by more than ₹70,000 crore, representing close to one-third of their reported profits in 2022-23, if they had to […]
Finance ministry opts to simplify Insurance Act first; industry awaits reforms
Ahead of anticipated major reforms in the Insurance Amendment Bill, the ministry of finance has proposed a separate exercise aimed at simplification of pre-Constitutional enactments, […]
SIDBI’s net income jumps 71 pc to Rs 3,344 crore in FY23
The Small Industries Development Bank of India (SIDBI) on Tuesday said its net income jumped 71 per cent on-year to Rs 3,344 crore in FY23. […]