Tamilnad Mercantile Bank Records 58% Increase In FY20 Net Profit
Loans to priority sector like agri, MSME, education up by 10.50% Read more
Savers Plight: Interest Rates Across Bank Deposits, Small Savings At Multi-decade Low Levels
With the RBI cutting its policy repo rate sharply over the past few months amid growing pandemic concerns, banks, too, h... Read more
Yes Bank Invokes Pledged Shares Of Jhabua Power And Avantha Realty
Private sector lender Yes Bank has acquired stake by invoking pledged shares of Jhabua Power and Avantha Realty after de... Read more
In FY20, More Than 77 Per Cent Of Borrowers Are First Generation Entrepreneurs: Survey
Nearly 77.6 per cent of the borrowers in financial year 2020 were first-generation entrepreneurs, of which 14.5 per cent... Read more
IRDAI Asks Insurers To Offer `Corona Kavach Policy On Or Before July 10
It includes Homecare treatment costs for Covid-19 Read more
CSB Bank Plans To Open 101 Branches
To focus on mobilising CASA deposits, sourcing gold loans across India before September-end 2020 Read more
Axis Bank Clarifies Downgrade By S&P Is An Editorial Error
The bank’s rating outlook is ‘Stable’ Read more
ECLGS: Private Banks Will Soon Catch Up With PSBs, Says Uday Kotak
Sees the scheme that provides 20 per cent additional working capital to eligible MSMEs gain momentum in the next few wee... Read more
AINLIEF Questions Bid To List LIC In Stock Markets
The All India National Life Insurance Employees Federation, affiliated to the INTUC, said that it strongly opposes the m... Read more
Govt Announces Launch Of 7-year Floating Rate Savings Bonds
The Government has announced the launch of seven-year Floating Rate Savings Bonds, 2020 (Taxable) scheme commencing from... Read more
RBI Extends CRR Relaxations Till September 25
The Reserve Bank of India (RBI) has extended the relaxation relating to maintenance of cash reserve ratio (CRR) by all s... Read more
Yes Bank Launches Digital Savings Account
Private sector lender Yes Bank has launched a full service digital savings account which would ensure physical distancin... Read more
IDBI Banks Board Approves 27 Per Cent Stake Sale In IDBI Federal Life Insurance Company
Ageas and Federal Bank will increase their stake in IFLI by 23 per cent (to 49 per cent) and 4 per cent (to 30 per cent)... Read more
Centre Promulgates Ordinance To Bring Co-operative Banks Under RBI Supervision
The Ordinance seeks to protect the interests of depositors and strengthen cooperative banks by improving governance and ... Read more
S&P Downgrades Ratings Of Four NBFCs
Global rating agency Standard and Poor’s has downgraded ratings on four non-bank finance companies including Bajaj Fin... Read more