New Delhi: Anup Chandra Pandey appointed as new Election Commissioner..
New Delhi: LIC Chairman M R Kumar got nine-month extension from Govt..
New Delhi: India Oil Refiners Shut for Work Before Likely Demand Pickup..
PFC extended 3 crores support for construction of Dr. KB Hegdewar School..
New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..
New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..
New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..
New Delhi:GAIL honored with Golden Peacock Award..
New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..
New Delhi: Capex utilisation in DFCCIL increased 21%-Railway Minister reviewed the progress..
Mumbai: Indian Bank, today, entered into an MOU with Society for Innovation and Entrepreneurship (SINE), IIT Bombay - an initiative of Indian Institute of Technology, Bombay - for extending exclusive credit facility to Start-ups and MSMEs.
SINE, IIT Bombay is the forerunner in setting u
Posted Date : 03-08-21
Kolkata: The Board of Directors of Bandhan Bank Ltd., at a meeting held in Kolkata today approved its Financial Results for the Quarter ended June 30, 2021. The accounts have been subjected to “Limited Review” by the statutory auditors of the bank.
Key Highlights :
PPoP to Loan
Posted Date : 30-07-21
New Delhi: UCO Bank has made a net profit of Rs 101.81 crore during the quarter ended June 2021 as against a net profit of Rs 21.46 cr in the quarter ended June 2020, registering a growth of 374.42%.
Net Interest Income of the Bank for the quarter ended June 2021 has increased to Rs 1460.24 crore
Posted Date : 28-07-21
Chennai:: YES BANK and Indiabulls Housing Finance Limited have entered into a strategic co-lending agreement to offer home loans to homebuyers at competitive interest rates. The partnership aims at synergizing capabilities to provide an efficient and seamless experience to retail home loan customers
Posted Date : 28-07-21
New Delhi: The Reserve Bank had earlier announced the construction of a composite Reserve Bank of India – Digital Payments Index (RBI-DPI) with March 2018 as a base to capture the extent of digitisation of payments across the country. The index for March 2021 stands at 270.59 as against 207.84
Posted Date : 28-07-21
New Delhi: The Reserve Bank of India has been conducting the Survey on Foreign Collaborations in Indian Industry since 1965. The 13th round of surveys with 2019-20 and 2020-21 as the reference period has now been launched.
The survey collects information on the operations of the Indian
Posted Date : 24-07-21
New Delhi: Bank of Maharashtra has released its financial results for the quarter ended on June 30, 2021. Net Profit up by 106% to Rs 208 crore in Q1 of FY22 on yoy basis against Rs101cr for Q1 FY21. The same is up by 26 % on a qoq sequential basis. Operating Profit has shown a growth of 56% on yoy
Posted Date : 22-07-21
New Delhi: The State Bank of India's Kolkata Team has donated essential equipment like Face Masks, Sanitizers, Oximeter, etc. for front-line warriors of CISF to fight against COVID19 at Kolkata Airport.
Central Industrial Security Force - CISF extends the gratitude and said, &
Posted Date : 21-07-21
Mumbai: HDFC Bank on Tuesday announced the launch of Covid Crisis Support Scholarship for students who have been impacted by Covid19. The scholarship is part of Parivartan, HDFC Bank’s umbrella for its social responsibility.
The scholarship programme is meant for school stud
Posted Date : 21-07-21
New Delhi: The Reserve Bank of India on Monday states that, in the exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the four NBFCs.
The following companies names are:
M/s Psychotr
Posted Date : 20-07-21
New Delhi: The Reserve Bank of India (RBI) has imposed, by an order dated July 15, 2021, a monetary penalty of Rs 1 lakh on Sawantwadi Urban Cooperative Bank Limited, Sindhudurg (the bank) for contravention of/ non-compliance with directions contained in the Supervisory Action Framework (SAF) i
Posted Date : 16-07-21
New Delhi: The Reserve Bank of India (RBI) has today imposed restrictions on Mastercard Asia / Pacific Pte. Ltd. (Mastercard) from on-boarding new domestic customers (debit, credit or prepaid) onto its card network from July 22, 2021.
Notwithstanding lapse of considerable time and adequ
Posted Date : 15-07-21
New Delhi: India’s largest telecom provider Airtel Payments Bank has appointed Pradeep Rangi as the Chief Risk Officer.
With the vast experience of 17 years in International work, Rangi will lead the strategic risk management initiatives, legal, operational risk, and in
Posted Date : 15-07-21
Kolkata: To further bolster its goal of building a robust and granular retail assets franchise, Bandhan Bank announced the appointment of Kamal Batra as Executive President and Head – Assets, on Wednesday.
The Bank's 'Vision 2025' envisages a well-diversified and high-quality asset portfo
Posted Date : 14-07-21
New Delhi: Reserve Bank of India on Monday announced the Retail Direct facility as part of continuing efforts to increase retail participation in government securities. ‘RBI Retail Direct’ facility was announced in the Statement of Developmental and Regulatory Policies dated February 05,
Posted Date : 13-07-21
New Delhi: The Reserve Bank of India on Monday said it has given "in-principle" approval to one Centrum Financial Services Ltd (CFSL) to set up a small finance bank (SFB), which will take over the beleaguered Punjab and Maharashtra Cooperative Bank (PMC Bank) very soon.
After
Posted Date : 12-07-21
Chennai: Ninetieth Annual General Meeting of shareholders of Federal Bank was conducted over video conferencing today. The meeting was presided over by Bank’s Chairperson Ms. Grace Elizabeth Koshie and joined by other Directors, Shareholders, Senior Executives, representatives of Statutory Aud
Posted Date : 09-07-21
Bhubaneswar: IndusInd Bank announced that it has partnered with TP Central Odisha Distribution Limited (TPCODL) - a joint venture between TATA Power and the Government of Odisha to introduce a fully digital network for facilitating electricity bill payments across 300 semi-urban and rural regions in
Posted Date : 07-07-21
New Delhi: The private sector bank's total deposits jumped 21% to Rs 74,480 crore in the quarter ended 30 June 2021 as against Rs 61,736 crore reported in the quarter ended 30 June 2020.
Retail LCR Deposits surged 47% to Rs 29,484 crore. Current Account-Savings Account (CASA) soared 35% to Rs
Posted Date : 07-07-21
Mumbai: ICICI Bank and Amazon Pay today announced that the Bank has crossed the milestone of issuing two million ‘Amazon Pay ICICI Bank' credit cards. In the process, the card has emerged as the fastest co-branded credit card to cross this milestone in the country. Amazon Pay and ICICI Ban
Posted Date : 06-07-21
New Delhi: The Reserve Bank of India (RBI) has imposed, by an order dated July 02, 2021, a monetary penalty of Rs. 25.00 lakh (Rupees twenty-five lakh only) on Punjab and Sind Bank (the bank) for non-compliance with certain provisions of directions issued by RBI on ‘Cyber Security Framework in
Posted Date : 03-07-21
New Delhi: Reserve Bank released the 23rd issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system in the context o
Posted Date : 02-07-21
Mumbai: Country’s largest lender, State Bank of India (SBI), donated a sum of Rs.62.62 Crore to the PM CARES Fund on the occasion of the 66th Foundation Day of SBI. This is the second time that State Bank Employees have contributed to the PM CARES Fund. Last year also, they had contributed han
Posted Date : 02-07-21
Mumbai: RBL Bank, has enhanced its board’s strength with the appointment of two distinguished members - Chandan Sinha, a career central banker and industry veteran with over 40 years of experience, and Manjeev Singh Puri, a former senior Indian diplomat and India’s ambassador to several
Posted Date : 30-06-21
New Delhi: The Reserve Bank of India has been regularly conducting the Inflation Expectations Survey of Households (IESH). The July 2021 round of the survey is now being launched. The survey aims at capturing subjective assessments on price movements and inflation, of approximately 6,000 households,
Posted Date : 28-06-21
Mumbai: ICICI Bank today announced that it has introduced the instant ‘Cardless EMI’ facility to online purchases made on e-commerce platforms. The facility enhances affordability to millions of the Bank’s pre-approved customers, as it allows them to instantly buy products or servi
Posted Date : 24-06-21
New Delhi: Country's largest bank State Bank of India may raise only up to Rs 9,000 crore in capital through additional tier I bonds (AT1 bonds) in the current financial year (FY22) and could consider an additional raising plan only next year to further enhance its capital adequacy profile.
&
Posted Date : 23-06-21
Chennai: Asirvad Microfinance Ltd., India’s 4th largest NBFC MFI and a subsidiary of Manappuram Finance Ltd., has securitised (by direct assignment) microfinance loans worth Rs.262 crore in a deal with a leading public sector bank in India.
The announcement comes at a time when the m
Posted Date : 23-06-21
Mumbai: HDFC Bank today announced that it is setting up a Digital Factory and an Enterprise Factory to roll out new digital products and services in the future and augment its IT Infrastructure. The Digital and Enterprise factories will be pivoted on APIs, data, and cloud.
The dual appr
Posted Date : 23-06-21
Hyderabad: A case has been registered by the Central Bureau of Investigation (CBI) against a State Bank of India's cashier under the Rs 70 lakh gold scam in East Godavari district.
The suspect who is booked by CBI under the Indian penal code (IPC) named Rapaka Venkata Ramana Murthy, the cashi
Posted Date : 23-06-21
New Delhi: The onset of Covid-19 resulted in windfall gains for public banks with trading profits on their bond portfolios rising sharply after the steep cut in policy rates by the Reserve Bank of India (RBI) in March 2020. The repo rate and the reverse repo rate were cumulatively cut by 115 bp
Posted Date : 22-06-21
New Delhi: The Reserve Bank of India (RBI) on June 18, 2021, decided to grant “in-principle” approval to Centrum Financial Services Limited (the applicant) to set up a small finance bank under general “Guidelines for ‘on tap’ Licensing of Small Finance Banks in the Priv
Posted Date : 21-06-21
New Delhi: HDFC Bank NSE 0.93 % on Friday said its board has declared a dividend of Rs 6.50 per share for the year ended March 2021.
"A dividend of Rs 6.50 per equity share (650 percent on the face value of Re 1) out of the net profits for the year ended March 31, 2021, has been recommende
Posted Date : 19-06-21
New Delhi: In its June 2021 bulletin, in the state of economy note, the RBI said that the impact of the second wave is estimated at Rs2 lakh crore of lost 2021-22 output.
In the note, RBI stated that for FY22, the central bank has projected real GDP growth of 9.5 percent on the assumption that th
Posted Date : 19-06-21
New Delhi: HDFC Bank NSE -1.25 % on Thursday announced a refund of the controversial 'GPS device commission' charged to auto loan borrowers for six years. The bank's then chief executive Aditya Puri had last year admitted to irregularities in the auto loan disbursements by its team after
Posted Date : 17-06-21
New Delhi: Private sector Federal Bank on Wednesday said its board has approved issuing equity shares to World Bank arm International Finance Corporation and associates for over Rs 916.25 crore. The decision was taken by the board of directors at its meeting held on June 16, 2021, the bank said.
Posted Date : 17-06-21
New Delhi: Punjab & Sind Bank has revised the Marginal Cost of Fund Based Lending Rate (MCLR) for different tenors and the same will be effective from 16 June 2021 as under:
1. Overnight MCLR - 7.10%
2. One-month MCLR - 7.15%
3. Three-month MCLR - 7.25%
4. Six-month MCLR - 7.40%
5
Posted Date : 17-06-21
New Delhi: The largest public sector bank, State Bank of India on Tuesday announced that the banking services will be unavailable between 00:30 hrs and 02:30 hrs on June 17, 2021.
Internet Banking, YONO, YONO Lite, and UPI will not be functioning for two hours on June 17 due to maintena
Posted Date : 16-06-21
New Delhi: The Reserve Bank of India is unlikely to react yet to multi-month high retail prices as the economic recovery remains its prime focus amid the deadly second wave of the pandemic, according to two senior sources aware of the central bank's thinking.
The annual re
Posted Date : 15-06-21
New Delhi: Reserve Bank of India as well as Sebi will look into various regulatory issues related to the proposed Rs 4,000 crore investment by US-based private equity firm Carlyle and others in PNB Housing Finance, sources said on Monday. Last month, the board of PNB Housing Finance NSE -5.00 % clea
Posted Date : 14-06-21
New Delhi: Indian Overseas Bank, an Indian government-owned bank has posted a yearly net profit of Rs.831 crores for the year ended 31.03.2021 after 6 years.
The Bank plans to come out of Prompt Corrective Action by focusing on Recovery, low-cost deposits, and less capital-consuming
Posted Date : 14-06-21
New Delhi: Forbes, an American business magazine recently released the third edition of the 'World's Best Banks' 2021 list. The list mentioned various India Banks including ICICI Bank and State Bank of India.
Apart from these best banks DBS Bank took over the
Posted Date : 14-06-21
New Delhi: State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and deposit growth during the financial year 2020-21. The lender recorded a 13.45 percent increase in gross advances at Rs 1.07 lakh crore in 2020-21, as per the published d
Posted Date : 12-06-21
New Delhi: The Reserve Bank of India (RBI) is set to conduct the third tranche of open market purchase of government securities of Rs40,000 crore under the G-sec Acquisition Programme (G-SAP 1.0) on June 17, 2021.From the total, the state development loans (SDLs) would be purchased up to Rs 10,000 c
Posted Date : 11-06-21
New Delhi: The Reserve Bank of India on Thursday announced the restructured plan of Interchange Fee and Customer Charges of Automated Teller Machines / Cash Recycler Machines. RBI had constituted a Committee in June 2019 under the Chairmanship of the Chief Executive, Indian Banks’ Associ
Posted Date : 11-06-21
New Delhi: The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative, former RBI governor D Subbarao on Wednesday said while pointing out that India is 'nowhere' near such a scenario.
In an interv
Posted Date : 09-06-21
Mumbai: IIFL Home Finance, a subsidiary of IIFL Finance Limited which is a NBFC registered with the Reserve Bank of India (RBI), announced their association and signed MoU with Central Bank of India, one of India’s largest commercial bank for LIG* and MIG** Sector lending for home loans. IIFL
Posted Date : 09-06-21
New Delhi: India's multinational, Public sector banking and financial services statutory body the State Bank of India has announced a notice for its customers. The bank has recently given an update to their customers regarding linking their PAN-Aadhaar by June 30.
The Bank als
Posted Date : 08-06-21
New Delhi: Central Bank of India on Monday entered into a strategic Co-lending Partnership with Indiabulls Housing Finance Limited to offer housing loans under priority sector to homebuyers at competitive rates, subject to the compliance with the applicable law(s) including the applicable guide
Posted Date : 08-06-21
New Delhi: The RBI on Monday imposed a penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank NSE -2.32 % for contravention of norms, including one related to "Frauds - Classification and Reporting". A penalty of Rs 4 crore has been imposed on the Bank of India and Rs
Posted Date : 07-06-21
.jpg)
New Delhi: Central Warehousing Corporation, a Schedule A, Miniratna-I, PSU under Ministry of Consumer Affairs, Food & Public Distribution and NABFOUNDATION (100% subsidiary of NABARD, have signed ...
E Journal