A Complete Banking Guide... Bank of Baroda, Allahabad Bank, Andhra Bank, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Dena Bank, ICICI Bank, IDBI Bank Limited, Indian Bank, Indian Overseas Bank,, Oriental Bank of Commerce, Punjab & Sind Bank, Punjab National Bank, State Bank of India, UCO Bank, UTI Bank Ltd., Union Bank of India, United Bank Of India, Vijaya Bank, Yes Bank, Mutual Funds, Income Tax
2:10 AM
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State Bank of India has boosted its credit growth forecast to 13-15% for the fiscal year, citing strong momentum and broad-based growth across retail, agriculture, SME, and corporate segments. The bank reported a record quarterly profit of Rs 21,028 crore, driven by diverse income streams and efficient cost management.
7:10 PM
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6:10 AM
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The government has received financial bids for the strategic disinvestment of IDBI Bank, marking significant progress in the stake sale. This move, involving a combined 60.7% stake sale by the government and LIC, is expected to fetch around Rs 33,000 crore.
5:10 AM
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The RBI is set to introduce new rules to protect bank customers. Small digital fraud victims could receive up to Rs 25,000 compensation. Stricter guidelines will also target mis-selling of financial products and aggressive loan recovery practices. These measures aim to enhance consumer safety amidst growing cyber risks and unfair sales tactics.
12:10 PM
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The Reserve Bank of India has maintained the policy repo rate at 5.25%, opting for status quo. While external challenges are mounting, domestic economic conditions remain strong. The central bank has slightly revised upwards its near-term growth and inflation forecasts for the upcoming financial year, signaling a cautious yet optimistic outlook.
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