SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
The Reserve Bank of India said that State Bank of India, ICICI Bank and HDFC Bank continue to be domestic...
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BFSI
Bank loans to services sector surpass credit to industries
Bank loans to the services sector have surpassed those to the industrial segment for the first time, establishing that the...
Read moreSBI asks field functionaries to desist from mis-selling of insurance products
Within days of the finance ministry issuing a diktat against miss-selling, the State Bank of India (SBI) has asked its...
Read moreIndian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO
Public sector Indian Overseas Bank has elevated Ajay Kumar Srivastava as its managing director and chief executive officer with effect...
Read moreBanks open loan taps to top performers among smaller NBFCs
Bank lending to NBFCs rose 31% in September 2022. Rating agency India Ratings has said that with the sharp rise...
Read moreBanks told to have nodal officers to assist trade settlement in Rupee
The government has asked banks to designate nodal officers who can act as a single point of contact to facilitate...
Read moreHere’s what a Paytm report tells us about India’s UPI journey in 2022
With India's digitalisation picking up pace, the UPI transactions in the nation registered a robust growth. A growth of nearly...
Read moreNBFCs turn to newer asset classes in quest for returns
Non-banking financial companies (NBFCs) have started realigning portfolio strategies for better risk-adjusted returns, with focus on unsecured loans and micro,...
Read moreFrauds fall nearly 50% at banks: RBI Data
Instances of financial frauds is falling in the banking system as institutions have become more aware of the cyber threats,...
Read moreRBI clears reappointment of Baskar Babu as Suryoday Small Finance Bank CEO
Suryoday Small Finance Bank on Tuesday said Reserve Bank of India has approved the reappointment of Baskar Babu Ramachandran as...
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