Banking & Financial Services

RBI Asks Banks To Provide Cardless Cash Withdrawal Facility At ATMs

RBI Asks Banks To Provide Cardless Cash Withdrawal Facility At ATMs

Press Trust of India | Friday May 20, 2022

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 Shares Rise 4% After Reporting A 58% Jump In Profit

Indian Overseas Bank Shares Rise 4% After Reporting A 58% Jump In Profit

Edited by NDTV Business Desk | Wednesday May 18, 2022

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.

State Bank Of India Hikes Lending Rates By 0.1%, EMIs To Rise

State Bank Of India Hikes Lending Rates By 0.1%, EMIs To Rise

Press Trust of India | Monday May 16, 2022, New Delhi

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.

SBI Q4 Net Profit Rises 41% To Rs 9,114 Crore

SBI Q4 Net Profit Rises 41% To Rs 9,114 Crore

Edited by Prashun Talukdar | Friday May 13, 2022, Mumbai

The country's biggest lender, State Bank of India (SBI), on Friday said its fourth-quarter profit surged 41 per cent to Rs 9,114 crore on a yearly basis.

"LIC Pulled Off The Biggest IPO..." In India's history: Paytm Money Chief

"LIC Pulled Off The Biggest IPO..." In India's history: Paytm Money Chief

Edited by Rahul Karunakar | Tuesday May 10, 2022

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."

Central Bank Of India Posts Rs 310 Crore Net Profit In March Quarter

Central Bank Of India Posts Rs 310 Crore Net Profit In March Quarter

Press Trust of India | Monday May 09, 2022, New Delhi

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.

Indian Bank Hikes Lending Rate To 4.40%

Indian Bank Hikes Lending Rate To 4.40%

Press Trust of India | Sunday May 08, 2022, New Delhi

State-owned Indian Bank on Saturday said it has revised the repo linked lending rate from 4 per cent to 4.40 per cent with effect from Monday (May 9)

Central Bank Of India Says No Plans Yet To Close Large Number Of Branches In 2022-23

Central Bank Of India Says No Plans Yet To Close Large Number Of Branches In 2022-23

Press Trust of India | Sunday May 08, 2022, New Delhi

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

Rate Hike To Help Banks Gain On Yields: Report

Rate Hike To Help Banks Gain On Yields: Report

Press Trust of India | Saturday May 07, 2022, Mumbai

The unexpected interest rate hike by the RBI on May 4 will have the banking system on average making a 10-15 bps gains on the yields

Loans To Become Costlier As HDFC Raises Lending Rates

Loans To Become Costlier As HDFC Raises Lending Rates

Press Trust of India | Saturday May 07, 2022, New Delhi

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 Raises Lending Rates By 0.40% To 6.90%

Punjab National Bank Raises Lending Rates By 0.40% To 6.90%

Saturday May 07, 2022, New Delhi

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 Two Weeks To April 22: RBI

Indian Banks' Loans Rose 11.1% In Two Weeks To April 22: RBI

Reuters | Friday May 06, 2022

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 Raises Fixed Deposit Rates By Up To 0.35%

Kotak Mahindra Bank Raises Fixed Deposit Rates By Up To 0.35%

Press Trust of India | Friday May 06, 2022, New Delhi

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 May Close 13% Of Its Branches: Report

Central Bank Of India May Close 13% Of Its Branches: Report

Reuters | Thursday May 05, 2022, Mumbai

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.

Bank Of Baroda Cuts Interest Rate On Car Loans

Bank Of Baroda Cuts Interest Rate On Car Loans

Edited by Animesh Singh | Monday May 02, 2022

Bank of Baroda today reduced interest rates on car loans, lowering them to 7 per cent along with concession charges