Banks & institutions

28 Jul 2024

The union home ministry has given necessary security clearance to potential investors in IDBI Bank and the Reserve Bank of India

18 Jul 2024

Reserve Bank of India (RBI) has issued new directions to banks and other regulated entities to ensure that money lost through fraudulent transactions is recovered and not written off as non-performing asset (NPA).

10 Jul 2024

State-owned Punjab & Sind Bank plans to expand operations across the country with 100 new branches during the current financial year, reports cited its managing director Swarup Kumar Saha as saying.

20 Jun 2024

Axis Bank, India’s third-largest private sector lender, has acquired additional equity shares of Max Life Insurance Company worth Rs336 crore

20 Jun 2024

Axis Bank, India’s third-largest private sector lender, has acquired additional equity shares of Max Life Insurance Company worth Rs336 crore

20 Jun 2024

BBVA, Spain's second largest bank after Santander, which successfully rolled out its digital banking services in Italy, is planning to extend its digital services to Germany as well.

07 May 2024

Spanish bank Sabadell on Monday said it is considering a proposal by larger peer BBVA for a Euro 12 billion ($12.93 billion) all-stock merger that would create the largest banking company in Spain.

06 May 2024

China, with backing from Russia and South Africa, is planning an onslaught on the mighty dollar by introducing a new currency, to be issued by a proposed BRICS central bank that would combine the strengths of the respective currencies of the five countries in the economic forum.

30 Apr 2024

Reserve Bank of India (RBI) has asked lenders to be transparent in their dealings with borrowers and show fairness while charging interest on loans, even as they enjoy complete freedom in the pricing of loans.

12 Mar 2024

The boards of directors of Aditya Birla Capital Ltd and its wholly-owned subsidiary, Aditya Birla Finance, have approved a scheme of amalgamation of the two companies to create a larger non-banking finance company (NBFC).

01 Feb 2024

Reserve Bank of India (RBI) on Wednesday directed Paytm Payments Bank Ltd (PPBL) to stop onboarding of new customers with immediate effect, for failure to comply with audit rules.

01 Jan 2024

Finance minister Nirmala Sitaraman has asked public sector banks to focus on healthy lending practices, so as to prevent bank frauds and wilful defaults, especially by corporate borrowers.

31 Dec 2023

The board of directors of Punjab National Bank (PNB) at its meeting on Thursday approved a proposal to raise Rs7,500 crore capital through equity issue

31 Dec 2023

Public sector lenders State Bank of India (SBI) and Bank of Baroda (BoB) have announced a hike in interest rates on fixed deposits varying from 50 to 125 basis points

31 Dec 2023

Reserve Bank of India (RBI) has directed banks to stop charging penal interest rates on delayed loan repayments

23 Dec 2023

The Canadian government on Thursday granted approval for Royal Bank of Canada’s C$13.50 billion ($10.20 billion) acquisition of the Canadian assets of HSBC (HSBC Canada)

22 Dec 2023

Reserve Bank of India (RBI) has directed all regulated entities (REs), including commercial banks, co-operative banks and all-India financial institutions

10 Oct 2015

06 May 2013

04 Apr 2013

03 Nov 2010

24 Feb 2010

24 Feb 2010

25 Nov 2008

Pakistan has obtained a $7.6 billion lifeline from the International Monetary Fund, which will prevent the country from defaulting on debt. Pakistan's foreign-exchange reserves have shrunk 75 per cent in 12 months, to $3.45 billion.

18 Apr 2008

New research predicts a 10-fold growth in mobile banking  in four years, with the fastest growth coming from emerging markets