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Business News/Industry/ Banking

Banking News

The documents were returned, indicating Sebi's stricter view on inadequacies and oversights in the processes. (PTI)

Behind Sebi's unusual decision to return the draft documents of 4 IPOs last week

2 min read . 30 Jul 2024

RBI said that wilful defaulters should be identified keeping in view the track record of the borrowers and not decided on the basis of isolated transactions or incidents, (Reuters)

RBI asks banks and other lenders to hunt down wilful defaulters

3 min read . 30 Jul 2024

Reserve Bank of India governor Shaktikanta Das.

Great benefits from digitalization, but risks are hiding too, says RBI

2 min read . 29 Jul 2024

Lenders such as HDFC Bank, Axis Bank, Mahindra Finance and IndusInd Bank saw a sequential rise in gross non-performing assets.

Banks see bad assets rise after long gap as agri, retail provisions surge

4 min read . 29 Jul 2024

The actions were taken in exercise of powers vested in RBI under the provisions of Section 30 and Section 31 of the Payment and Settlement Systems Act, 2007. Mint

RBI penalizes Ola Financial, Visa, Manappuram Fin for non-compliance with rules

2 min read . 28 Jul 2024

Typically, the mule accounts involve up to 15 accounts in a distribution chain, and this entire chain is kept ready at any point—with scammers tasked with live-tracing which accounts are operational, and which are not.

Indian banks deploy tech tools to counter mule accounts

4 min read . 29 Jul 2024

IIFL Securities said that ICICI Bank could see its LCR decline to 108% from 121%, once the new LCR comes into effect from 1 April. (Mint)

ICICI Bank expects its LCR to fall by 10-14 percentage points due to new norms

3 min read . 28 Jul 2024

Bank Holidays in August 2024: A customer should have a look at the bank branch holiday list before visiting the respective banks. (AFP / Jean-Sebastien Evrard)

Bank Holidays in August 2024: See full list here

1 min read . 28 Jul 2024

Bank Holiday today on July 27: Banks are closed on the second and fourth Saturday of each month. Today is the fourth Saturday in July 2024 and thus a holiday. (Mint)

Bank Holiday on July 27: Is today a bank holiday?

1 min read . 27 Jul 2024

The bank also consciously reduced its personal loans and credit card portfolio. (Bloomberg)

IndusInd Bank’s vehicle, MFI loans shrink on lower disbursements, disruptions

2 min read . 26 Jul 2024

The Japanese national flag waves at the Bank of Japan building in Tokyo, Japan. (Photo: Reuters)

Land of the rising banks

2 min read . 25 Jul 2024

While Axis Bank’s total deposits rose 13% year-on-year (y-o-y) to ₹10.62 trillion as on 30 June, its loans increased 14% y-o-y to ₹9.8 trillion as on 30 June. REUTERS (REUTERS)

Axis Bank reiterates system deposit, credit growth to converge over FY25

2 min read . 25 Jul 2024

Bajaj Finance loan loss provisions jump, NBFC to focus on collection efficiency

4 min read . 24 Jul 2024

Reserve Bank of India deputy governor M Rajeshwar Rao. (PTI)

RBI's Rao flags outsourcing, cybersecurity risks days after Microsoft outage

3 min read . 22 Jul 2024

After the RBI imposed restrictions on digital customer acquisition, Kotak Mahindra Bank announced a new distribution structure. (REUTERS)

RBI embargo: Kotak Mahindra Bank appoints Grant Thornton as external auditor

2 min read . 20 Jul 2024

Bank Holiday today on July 20: Banks are closed on the second and fourth Saturday of each month. Today is the third Saturday in July 2024. (Mint )

Bank Holiday on July 20: Is today a bank holiday?

1 min read . 20 Jul 2024

Budget 2024: With public sector bank valuations at an all-time high, there's a strong consensus that privatising certain institutions could attract investment and strengthen the financial system. (ANI)

Budget 2024: Banking sector bats for fiscal discipline. Check wishlist

3 min read . 19 Jul 2024

The gap between growth of credit and deposit could “potentially expose the system to structural liquidity issues”, said RBI governor Shaktikanta Das. (Bloomberg)

Deposit crunch: Worried RBI urges banks to adjust to changes in how people save

3 min read . 19 Jul 2024

Budget 2024: Banking sector expects more foreign investment, less government's ownership.

Budget 2024 expectations: From FDI to privatisation, banks have this wish list

1 min read . 19 Jul 2024

In an effort to raise deposits in a competitive environment, some banks offer attractive one-time rates as high as 7% on certain high-value savings accounts of above ₹200,000. (Photo: Mint)

Banks start raising lending rates to save margin erosion

3 min read . 19 Jul 2024

Banking Stocks

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