Indian banks may raise more cash to cover lending demands
Analysts predict that Indian banks will continue their fundraising frenzy in the coming months by issuing Basel III-compliant and infrastructure…
23 SEP 2022
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Citi Bank to end its retail business in the UK
Citigroup intends to close its retail banking business in the United Kingdom, moving its attention to its richest clients. According…
22 SEP 2022
Crisil Ratings: Bank GNPAs may reach decadal low of 4 per cent in FY24
Banks’ Gross Non-Performing Assets (GNPAs) are likely to fall 90 basis points (bps) to 5 per cent this fiscal year,…
22 SEP 2022
Global Fintech Fest 2022: RBI Governor launches three key digital payment initiatives
In the presence of Nandan Nilekani, Chairman Infosys and Advisor to NPCI, and Biswamohan Mahapatra, Chairman National Payments Corporation of…
21 SEP 2022
R Gandhi named part-time chairman of YES Bank
On September 20, former RBI deputy governor R Gandhi was named as YES Bank’s part-time chairman. The term of the…
21 SEP 2022
Shortage of staff at PSBs: Finance ministry calls meeting with public lenders
The finance ministry summoned a conference of public sector bank leaders to assess the brewing personnel shortage situation, as occupations…
20 SEP 2022
Research firm India Ratings revises bank credit growth from 10 to 13 per cent
While maintaining a stable outlook on banks, India Ratings has increased its loan growth projection for FY23 to 13 per…
20 SEP 2022
Pralay Mondal named as CSB Bank’s new MD & CEO
On September 16, Kerala-based CSB Bank announced the appointment of Pralay Mondal as the bank’s new Managing Director and CEO.…
16 SEP 2022
SBI to collaborate with Russian banks to open rupee trade
The State Bank of India (SBI) is likely to collaborate with Russian banks that are not subject to sanctions and…
16 SEP 2022
Centre warns mobile users against new banking virus ‘SOVA Android Trojan’
In its most recent advisory, the central government’s cyber security agency stated that a new mobile banking ‘Trojan’ virus, SOVA,…
16 SEP 2022
