Banking

There won't be instant gratification for investors but the move will catapult the bank into the big league

In March 2022, Japanese lender MUFG announced the setting up of an investment fund totaling $300 million for start-ups in India

The jump has been driven by the pickup in consumption as the pandemic recedes

Several banks have revised their lending rates based on repo and marginal cost of funds

The incidence of bank fraud is trending downward, but the broad picture hides many blind spots

Witness robust loan growth and higher operating expenses in March quarter

What is a neobank?

Bengaluru-based startup Open has recently become India's 100th unicorn. It's a neobank. But, what exactly is a neobank and how is one different from a traditional bank? Let's find out.

The pound fell by more than a cent against the US dollar to hit its lowest level since mid-2020

Bank says the economic impact of the coronavirus is diminishing to help its asset quality, lending

Loans to agriculture and allied activities continued to perform well, registering a growth of 9.9 per cent in the reporting month

The pure-play credit card issuer had reported a net profit of Rs 175.42 crore in the same quarter of the previous fiscal year

In late afternoon trade, shares of IDBI Bank was down 1.40 per cent to Rs 45.70 apiece on BSE.

The central bank met after it unexpectedly cut the key rate to 17% earlier in April

Only regulated entities, rated arrangements can pass muster

The lender said it has decided to seek permission of its shareholders in the ensuing annual general meeting (AGM)/extra-ordinary general meeting (EGM) called for this purpose

Participating in the meeting, Financial Services Secretary Sanjay Malhotra recently asked the banks to explore strategies for long-term profitability and adopt a more customer-centric approach.

The National Commission observed that when a locker is broken into, it constitutes a breach of the promised assurance of safety, and is hence, a deficiency in service

As per media reports, the payment processor is reportedly worried about being the target of sanctions from the U.S. and other countries if it works with sanctioned Russian banks

Will review progress made by PSBs on various schemes today

The Reserve Bank on Thursday asked Urban Cooperative Banks (UCBs) not to create create any honorary position or title such Chairman Emeritus and Group Chairman at the board level