Ex-MD of Bhushan Steel held in Rs 56,000 cr bank fraud case

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Liquidity conditions may remain easy for about 4 months

‘Short-term money market rates may decline’

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Go Digit gets IRDAI nod to commence life insurance operations

In August-September 2022, HDFC Bank and Axis Bank had said they will both acquire up to 9.94 per cent stake each in Go Digit Life Insurance through investment of ₹50-70 crore, possibly in tranches

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RBI may up risk weights on unsecured personal loans

Higher risk weights will moderate banks’ ability to lend to the segment as capital charge will go up

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Fintechs to seek clarity on FLDG norms, regulator likely to issue FAQ

Industry bodies are expected to approach the regulator in 10–15 days

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SBI to raise up to ₹50,000 cr in FY24

This will be through issuance of debt instruments

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Forex reserves jump $5.9 bn to $595 bn

India's forex kitty jumped $5.929 billion to $595.067 billion for the week ended June 2, the Reserve Bank said on Friday. The reserves had dropped for two consecutive weeks and declined by $4.34 billion to $589.14 billion in the previous reporting week.

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Srikrishnan Harihara Sarma assumes charge as Karnataka Bank MD

Sarma has been appointed for a period of three years

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SBI to raise Rs 50,000 crore in FY24

State Bank of India on Friday said it will raise up to Rs 50,000 crore through debt instruments from Indian as well as overseas markets in the current fiscal. The decision in this regard was taken by the central board of the bank, the country's largest lender said in a stock exchange filing.

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RBI has its eye on inflation

While repo rate action may be on a long pause, the focus shifts to liquidity

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Half of all ₹2,000 notes returned to banks, says RBI governor Shaktikanta Das

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RBI keeps policy repo rate unchanged at 6.5% with strong and resilient economy

The RBI emphasizes the importance of preserving overall financial stability and gradual withdrawal of accommodation measures.

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RBI’s monetary policy decision, commentary to guide bond yields

The RBI is widely seen holding the repo rate unchanged at 6.50 per cent.

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RBI monetary policy meeting LIVE updates

Catch up on the live updates as the RBI’s three-day deliberation comes to an end with today’s announcement

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The strong growth in MSME book can pose a problem for PSU banks

The GNPA ratio in MSME loans is quite high in many public sector banks

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Bajaj’s insurance play: Success mantras of two siblings

BAGIC and BALIC may be operating in different segments, but their business approach has a commonality

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PhonePe introduces account aggregator services

PhonePe has introduced AA services following the receipt of RBI NBFC licence.

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HDFC Bank introduces Millennia Credit Card

Millennia card has contactless technology allowing customers to ‘Tap and Pay,’ via POS machine.

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Odisha train tragedy: ICICI Prudential Life Insurance relaxes claims settlement process for victims

Claims will be settled on the basis of only three basic documents; helpline set up for queries

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World Bank offers dim outlook for global economy in face of higher interest rates

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Work underway on non-IBC resolution formats

Recognition and provision for stress seems to be the contentious issue 

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Kinara Capital to disburse loans worth Rs 800 crore in Telangana, Andhra Pradesh

To target Micro, Small and Medium Enterprises for loans in the two states

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Equity markets settle flat in volatile trade; IT stocks play spoilsport

Equity benchmarks BSE Sensex and Nifty closed marginally higher in a volatile session on Tuesday as fag-end buying in auto, industrial and commodity stocks helped the indices extend gains for a third straight day.Investors also preferred to stay on the sidelines ahead of the Reserve Bank of India's interest rate decision later this week, traders said.

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UPI transaction limit set by Indian banks. See details here

Banks like HDFC, SBI, ICICI, limits daily UPI transactions

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RBI to bank boards: Replace management if required to ensure governance

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European Central Bank chief signals more rate hikes ahead with inflation still 'strong'

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RBI committee proposes extending Deposit Insurance to PPIs

The central bank has sought comments and feedback on the report by July 7, 2023.

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Underserved, marginalised populations more vulnerable to cyber risks: RBI Deputy Governor

Cyber-attacks can disrupt critical financial operations, says Jain

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Sensex, Nifty settle higher for 2nd straight day as Reliance, ICICI Bank gain

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Banks’ boards should ensure that managements are held accountable for their actions: RBI Deputy Governor

Banks’ Boards should take suitable action to improve governance and risk management, says RBI Deputy Governor.

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SBI launches Project Kuber in Bengaluru

According to SBI, these hubs will help increase its market share in liability products.

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Banks cut rates on FDs of up to 3 years on easing liquidity

Lenders expect RBI to pause on interest rates in its upcoming MPC meeting

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Bajaj Finance to continue investing in payments operations,

No plans to spin off payments business as separate entity, says Bajaj Finance

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Odisha train tragedy: LIC eases claims process norms for accident victims

LIC Chairman Siddhartha Mohanty announces slew of relaxations on claim settlement process for the kin of victims

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