The Reserve Bank of India (RBI) on Monday released quarterly statistics on deposits and credit highlighting bank credit growth to 17.2 per cent on an […]
Tag: rbi
RBI imposes Rs 1.25 crore penalty on Zoroastrian Co-operative Bank
The Reserve Bank of India has imposed a penalty of Rs 1.25 crore on Zoroastrian Co-operative Bank, Mumbai for non-compliance with certain directions, including one […]
IDBI Bank to continue as ‘Indian private sector bank’ post strategic sale
IDBI Bank will continue to operate as an ‘Indian private sector bank’ after its strategic sale and the government’s residual 15 per cent stake in […]
No PSU norms for IDBI Bank after stake sale, clarifies govt
New Delhi: The government has clarified that IDBI Bank will not be subject to the requirements applicable to a state-run company after its proposed stake […]
Cash is still king in rural India, UPI favourite in metros
While the surge in digital banking has made the withdrawal of money from ATMs a passe now, ATM makers like Diebold Nixdorf or ATM operators […]
Canara Bank launches Electronic Bank Guarantee with NeSL
On its 117th Founder’s day, Canara Bank launched an Electronic Bank Guarantee (e-BG) in partnership with National E-Governance Services Limited (NeSL). With this Canara Bank […]
Airtel Payments Bank launches face authentication for savings bank accounts
Airtel payments bank has launched face authentication-based savings account opening for customers, becoming the first payments bank to offer the service. Face authentication based e-KYC […]
NBFCs’ asset base scales past Rs 54 lakh crore: MoS Finance
The asset base of non-banking financial companies has scaled past Rs 54 lakh crore as of March 2022, constituting almost a quarter of the balance […]
ICICI Bank launches new products for NRIs at its GIFT City branch
ICICI Bank launched two new products- Loan against Deposits (LAD) and Dollar Bonds for its NRI customers at its branch in GIFT City, the Gujarat-based […]
RBI allows HDFC Bank, Canara Bank to open vostro account for Rupee trade with Russia
The Reserve Bank of India (RBI) on Monday allowed HDFC Bank Ltd and Canara Bank Ltd to open a special “vostro account” for trade in […]