The Reserve Bank of India rejected three applications for small finance bank licences saying they “the applicants were not found suitable for granting of in-principle […]
Tag: rbi
PNB launches UPI Payments with IVR-based UPI 123PAY
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 […]
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 […]
Bank of Maharashtra clocks 25 per cent loan growth
State-owned Bank of Maharashtra (BoM) on Monday said it has posted a credit growth of 24.93 per cent at Rs 1.75 lakh crore in the […]
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 […]
Fintechs seek first loss default guarantee cover for co-lending deals
Digital lenders are set to lobby with the Reserve Bank of India to extend the first loss default guarantee cover of 5% to co-lending arrangements […]
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 […]
RBI relaxes restrictions on HDFC Credila regarding on-boarding of new customers
Housing Development Finance Corporation (HDFC) on Tuesday said the Reserve Bank of India has relaxed restrictions on its education finance arm, HDFC Credila, related to […]