The Reserve Bank on Thursday asked banks to provide the option of Interoperable Card-less Cash Withdrawal (ICCW) at their ATMs, a move aimed at curbing frauds like skimming, card cloning and device tampering.
Indian Overseas Bank's shares gained over 4 per cent on Wednesday after it reported a near 58 per cent bounce in its net profit to Rs 552 crore in the March quarter.
The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.
Varun Sridhar, CEO of Paytm Money, said, "LIC pulled off the biggest IPO in the history of Indian Capital markets, with more than 7 million applications."
State-owned Central Bank of India on Monday reported a standalone net profit of Rs 310 crore in quarter ended March 2022, on the back of less provisioning for bad loans.
State-run Central Bank of India on Saturday said there was no decision yet to close a large number of branches during the current financial year
HDFC Ltd on Saturday announced an increase in its benchmark lending rate by 30 basis points, a move that will make loans dearer
Punjab National Bank on Friday said it has hiked its external benchmark linked lending rate by 0.40 per cent to 6.90 per cent with effect from June 1
Indian banks' loans rose 11.1% in the two weeks to April 22 from a year earlier, while deposits rose 9.8%, the Reserve Bank of India's weekly statistical supplement showed on Friday.
Kotak Mahindra Bank Limited (Kotak) on Thursday announced an increase in interest rates on fixed deposit across multiple tenor baskets for its retail customers by up to 0.35 per cent.
Central Bank of India, a state-owned commercial bank, plans to shut 13% of its branches to improve its financial health, which has been under pressure for several years, according to sources and a document seen by Reuters.