Bank of Baroda plans to divest up to 49 pc in credit card arm
State-owned Bank of Baroda (BoB) plans to sell up to 49 per cent stake in credit card business arm BOB ...
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Tag: banks
SBI launches fully revamped YONO app; to have UPI features like scan & pay
The State Bank of India (SBI) launched its fully revamped digital banking application ‘YONO for Every Indian’ on Sunday. With ...
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India’s indigenous HDFC to seal place in top echelons of world’s most valued banking space
In a remarkable feat, an indigenous Indian company will ascend to the upper echelons of the global banking landscape, as ...
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Banks racked up Rs 71,871 crore of notional bond losses in FY23, one-third of profits
Indian banks might have been poorer by more than ₹70,000 crore, representing close to one-third of their reported profits in ...
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Finance ministry opts to simplify Insurance Act first; industry awaits reforms
Ahead of anticipated major reforms in the Insurance Amendment Bill, the ministry of finance has proposed a separate exercise aimed ...
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SIDBI’s net income jumps 71 pc to Rs 3,344 crore in FY23
The Small Industries Development Bank of India (SIDBI) on Tuesday said its net income jumped 71 per cent on-year to ...
Read moreHDFC-HDFC bank merger likely to be effective July 1
The merger of HDFC Corp with the country's largest private lender HDFC Bank will likely take effect July 1, chairman ...
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RBI in talks with leading global peers to promote digital rupee payments
The Reserve Bank of India (RBI) is in talks with other major global central banks to promote digital rupee for ...
Read moreS&P raises assessment of Indian banking sector on “strong recovery”
S&P Global Ratings on Tuesday raised its assessment of India's banking sector, citing a "strong recovery" underway in the Indian ...
Read moreBanks told to push foreign trade in Rupee
Banks are being nudged to popularise the settlement of cross-border trade in rupee. While many businesses - driven by commercial ...
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