The fate of European lender Credit Suisse Group AG is of greater importance to the Indian banking sector than the collapse of Silicon Valley Bank, […]
Tag: rbi
Banks from 18 nations open 30 special vostro accounts for trade in rupee
Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
Pause in interest rate hikes may spur private investment: Sanjiv Bajaj, president, CII
New Delhi: A pause in interest rate increases by the Reserve Bank of India (RBI) could provide private investment the support it needs to build […]
Indian banks have a strong case to not bear the brunt of Silicon Valley Bank collapse
The fallout from the collapse of Silicon Valley Bank that has spread fears across countries may not adversely hit Indian lenders banking on their strong […]
‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) in California caused confusion and […]
Bank of Baroda slashes home loan interest rates by 40bps to 8.50%
Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the reduction in its home loan interest rates by 40 basis points […]
Axis Bank partners with ITC to offer rural lending products to farmers in remote region
Axis Bank on Thursday announced its partnership with ITC Limited to offer the bank’s lending products and services to farmers who are a part of […]
Indian banks’ gross NPAs likely to touch decadal low of sub-4 per cent by FY24: Study
Bad loans of Indian banks are expected to decline 90 basis points to less than five per cent in FY23 and hit a decadal low […]
Bank of Baroda board approves 49 per cent stake divestment in BFSL
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing […]
Axis Bank completes buyout of Citi’s India consumer business
Axis Bank, India’s fourth-biggest private-sector lender by market value, Wednesday said it has completed the acquisition of Citibank India’s consumer businesses in India for a […]