RBI aks banks to strengthen governance
RBI governor Shaktikanta Das asked banks to further strengthen the governance standards, risk management practices and compliance culture. As part
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August 2024
Centre’s net direct tax collection grows 21% so far in FY25
The Central government has so far this year collected Rs.4.62 trillion in direct taxes after adjusting for refunds, marking a
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PSU bank deputy manager held for siphoning off fund
A deputy manager of a leading PSU bank was among two people detained for siphoning off Rs 26 lakh from
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Exim Bank in pact with Guyana for $2.4m credit line
The Export Import Bank of India has entered into an agreement with the government of Guyana to provide a line
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Rural Banks shift focus to product diversification
After consolidating capital adequacy, improving profitability and asset quality, regional rural banks (RRBs) will now focus on diversification of lending
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Indian banks rise up the global rankings
One year after the mega merger of the erstwhile HDFC twins, Indian banks have cemented their spot further on the
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Four PSU banks pay Rs.6,481 crore dividend to Govt
Four public sector banks, including Canara Bank and Indian Bank, presented dividend cheques worth Rs 6,481 crore to Finance Minister
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Global banks are biggest bulls in India’s bond market
Foreign banks have emerged as the largest investors in India’s trillion dollar sovereign bond market recently, attracted by the nation’s
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Finance Minister asks private banks to take part in financial inclusion
The Department of Financial Services (DFS) told private banks to increase their participation in financial inclusion schemes. DFS Secretary Vivek
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Deposits grow faster than loans
The banking sector’s outstanding loans rose 4.8% in the first quarter – from Rs 168.7 lakh crore as of end-March
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