Lenders, led by Indian Overseas Bank (IOB), are selling ‘862 crore of bad loans from Sion Panvel Tollways (SPTL), the concessionaire originally tasked with collecting […]
Tag: banks
RBI imposes Rs 2.2-crore penalty on Indian Overseas Bank
Reserve Bank on Friday imposed a penalty of Rs 2.20 crore on state-owned Indian Overseas Bank (IOB) for non-compliance of income recognition and other deficiencies […]
ICICI Bank commits ₹1,200 cr to Tata Memorial centre, largest donation made under CSR by any Indian company
ICICI Bank on Friday announced a commitment to contribute ₹1,200 crore towards Tata Memorial Centre (TMC), to expand infrastructure at three cancer treatment hubs. The […]
Watch out for rising risk appetites among Indian banks, says Fitch
The rapid rise in loans and high exposure to certain asset classes may affect the risk profiles of Indian banks as it indicates a greater […]
Government appoints Ashwani Kumar as MD of UCO Bank
The government on Wednesday appointed Ashwani Kumar as managing director of UCO Bank in place of Soma Sankara Prasad whose terms comes to an end. […]
Bank loans to most sectors rise in April, industry demand muted
Bank lending continued to rise in April as credit demand picked up across sectors barring industry. Non-food credit rose 16.1% in April from 11.4% a […]
12 PSU banks come under National SC Commission’s lens
Twelve public sector banks have come under the National Commission for Scheduled Castes’ scanner for non-implementation of central schemes, low loan disbursal and not filling […]
Yes Bank advertising spend to be 30 pc higher in FY24: Official
Yes Bank is planning to up the ante on marketing and will be spending 30 per cent higher on advertising activities in FY24, a senior […]
Karnataka Bank appoints Veteran Banker Srikrishnan Harihara Sarma as its New MD & CEO
Leading south Indian private bank – Karnataka Bank, is pleased to announce the appointment of Mr. Srikrishnan Harihara Sarma as the new Managing Director & […]
Banks need to improve digitalisation and keep vigil on stressed asset: MoS Finance
Minister of State for Finance Bhagwat K Karad on Monday said banks need to focus on digitalisation and keep a vigil on stressed loans. Bank […]