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  Fixed deposit interest rates for super senior citizens and seniors jump up to 9.5%. Know bank rates

  Business | February 23, 2023 23:29 IST

  Banks have recently raised interest rates on fixed deposits for both regular depositors and senior citizens.

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  Which bank provides the most affordable home loans? Check out rates from SBI, HDFC, PNB, BoB

  Business | February 18, 2023 9:16 IST

  RBI increased the Repo Rate by 25 basis points on February 8, prompting many banks to raise interest rates on personal, car, and home loans.

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  Most Indian banks offer worst customer experiences on their mobile apps: Report

  Business | August 30, 2022 21:46 IST

  Indian banks have a lowest average score in money management capabilities. In fact, no bank scored higher than 60 in this area of mobile banking, according to the latest Q3 2022 report by global research firm Forrester.

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  Companies, banks to raise up to Rs 3,200 crore via bonds today

  Business | August 25, 2022 13:39 IST

  Business news: As per data, Canara Bank will raise Rs 2,000 crore, which includes Rs 1,000 crore via Basel-III Tier-II bonds, Kotak Mahindra prime Ltd will raise Rs 300 crore and Rs 175 crore via 35-month-25-day and 47-month-25-day, respectively.

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  Banks to spend additional $31 billion on 'artificial intelligence' to reduce frauds

  Business | August 07, 2022 12:52 IST

  "In the process of coming up with digital products and services, new channels, and new payment methods, businesses might be overestimating the adequacy of their current defense mechanisms against fraud," said Michael Araneta, Associate Vice President, IDC Financial Insights.

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  RBI imposes restrictions on 3 co-op banks

  Business | July 29, 2022 23:46 IST

  The restrictions imposed on the three banks under the Banking Regulation Act, 1949 the Reserve Bank would remain in force for six months and are subject to review.

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  Bharat Bandh called for today, tomorrow; banking services likely to be hit | 10 key points

  India | March 28, 2022 0:06 IST

  The strike notices were given by workers' unions of various sectors such as coal, steel, oil, telecom, postal, income tax, copper, banks and insurance. Read ahead to know what is open, what is closed today and tomorrow amid the bandh.

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  Banks, railways privatisation will leave 5 lakh employees jobless, claims Varun Gandhi

  India | February 22, 2022 18:46 IST

  For the last several months, the 41-year-old MP from Uttar Pradesh’s Pilbhit has been expressing views on various issues - from farm laws to inflation - that are not in line with the BJP's official stand.

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  PM Modi exhorts banks to support wealth, job creators; increase country's balance sheet

  Business | November 18, 2021 14:47 IST

  Prime Minister Narendra Modi said banks have to now adopt a partnership model to help businesses thrive and move away from the idea of being a loan approver to a loan applicant.

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  Cryptocurrency can’t be stopped, must be regulated, say several members at parliamentary panel meet

  Business | November 15, 2021 20:50 IST

  The parliamentary panel was chaired by BJP leader Jayant Sinha, discussed the pros and cons of crypto finance with various stakeholders, and several members were in favour of regulating crypto-currency exchanges rather than imposing an outright ban on crypto-currencies, according to sources.

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  Banks disburse Rs 7,500 crore under Credit Guarantee Scheme for micro finance institutions

  Business | September 29, 2021 19:50 IST

  The scheme was announced by FM Nirmala Sitharaman in June as part of a Rs 6.29 lakh cr package to provide relief to various sectors affected by 2nd wave of COVID pandemic.

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  Afghan central bank allows merchants to withdraw $25,000 monthly

  World | September 21, 2021 9:45 IST

  Thousands of customers had waited in long lines to withdraw their savings since the Taliban's takeover of the country in August.

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  Soon, Delhiites can skip visiting banks for hypothecating vehicle loans. Details

  India | September 16, 2021 8:06 IST

  Having partnered with ICICI Bank to allow automatic termination since the launch of faceless services, the Transport Department has received the data of over 7,800 applicants who have loans on vehicles so far.

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  Main money exchange market reopens in Kabul, crowds remain outside banks

  World | September 05, 2021 11:52 IST

  The foreign currency exchange rates are still in fluctuation as the rates are not stable and change frequently during the day, he said.

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  Depositors of THESE banks to get up to Rs 5 lakh back

  Business | August 30, 2021 21:41 IST

  The amount of Rs 5 lakh would be provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC).  

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  RBI decides to penalise banks, impose heft penalties from Oct 1 if...

  Business | August 10, 2021 21:04 IST

  ​The Reserve Bank of India (RBI) on Tuesday said it has decided to penalise banks for failure to timely replenish currency notes in ATMs. The move comes amid worries of frequent non-availability of cash in ATMs.   

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  Banks to remain closed for 15 days in July. Check full holiday list

  Business | July 01, 2021 21:28 IST

  Out of 15 days when banks will remain closed in the month of July, 9 of them will be regional offs which means not all banks in all states will remain closed rather it will be a region-wise holiday.

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  RBI imposes a total penalty of Rs 8 lakh on 3 banks

  Business | June 23, 2021 22:08 IST

  ​The Reserve Bank of India on Wednesday imposed a total penalty of Rs 8 lakh on three Maharashtra-based co-operative banks for deficiencies in regulatory compliance.

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  Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

  Business | May 27, 2021 15:27 IST

  ​Reserve Bank of India (RBI) on Thursday asked banks to closely monitor their bad loans and prepare themselves for higher provisioning in the wake of second COVID wave and the Supreme Court order lifting the ban on classification of non-performing assets.

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  RBI modifies norms for undertaking govt business by private banks

  Business | May 10, 2021 21:11 IST

  The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states.