Highlights

  • New Delhi: Anup Chandra Pandey appointed as new Election Commissioner..

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  • New Delhi: LIC Chairman M R Kumar got nine-month extension from Govt..

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  • New Delhi: India Oil Refiners Shut for Work Before Likely Demand Pickup..

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  • PFC extended 3 crores support for construction of Dr. KB Hegdewar School..

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  • New Delhi: NBCC signs MoU with ALIMCO to contribute 100.62 lacs..

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  • New Delhi: BDL received order of Rs 372.98 crore to supply MRSAM Missile..

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  • New Delhi: Market-Cap of all good PSUs stood 19.45 Lakh..

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  • New Delhi:GAIL honored with Golden Peacock Award..

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  • New Delhi: HSCC's agreement of worth 1,800 crore for upgradation medical projects..

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  • New Delhi: Capex utilisation in DFCCIL increased 21%-Railway Minister reviewed the progress..

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BANK NEWS

Reserve Bank of India announces Digital Payments Index for March 2021

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

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SBI Kolkata donates essential equipment to fight against COVID19

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

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HDFC Bank announced Covid Crisis Support Scholarship for students

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

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RBI cancels Certificate of Registration of Four NBFCs

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

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Airtel Payment bank appoints Pradeep Rangi as Chief Risk Officer

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

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Bandhan Bank Appoints Kamal Batra as Head – Assets

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

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RBL Bank's total deposits rise 21% in June quarter

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

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RBI imposed a penalty of Rs 20 lakh on Punjab and Sind Bank

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

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RBI released 23rd issue of the Financial Stability Report

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

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SBI employees contribute Rs.62.62 crore to PM CARES Fund

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

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RBL Bank Augments Board with Two Strategic Appointments

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

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SBI may need to raise only up to Rs 9,000 crore in capital in FY22

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

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SBI cashier booked under IPC for 70 lakh gold scam

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

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Sharp windfall gains for PSBs on bond portfolios due to COVID-19

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

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HDFC Bank board declares dividend of Rs 6.50 per share for FY21

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

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Punjab & Sind Bank revises MCLRs

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

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SBI customers may find Internet banking services error, Read More...

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

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IOB Q4 results: posted yearly profit of Rs. 831 crores

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

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IIFL Home Finance expects loan book growth by 18%

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

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RBI imposed a penalty aggregating to Rs 6 crore on BoI & PNB

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

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