Govt nod to Setty as SBI Chairman
Challa Sreenivasulu Setty was appointed as the chairman of the State Bank of India. His tenure will be due to
Read more
Banking News
Fixed deposit losing appeal from young investors
Finance minister Nirmala Sitharaman nudged state-run banks to step up deposit mobilisation and conduct special drives so that it can
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more
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
Read more