‘No relation to SVB’: India’s SVC Bank acts to calm depositors amid brand name confusion
A little-known Indian bank moved to assure depositors their money is safe after the collapse of Silicon Valley Bank (SVB) ...
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Tag: rbi
Bank of Baroda slashes home loan interest rates by 40bps to 8.50%
Bank of Baroda (Bank), one of India's leading public sector banks, today announced the reduction in its home loan interest ...
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Axis Bank partners with ITC to offer rural lending products to farmers in remote region
Axis Bank on Thursday announced its partnership with ITC Limited to offer the bank’s lending products and services to farmers ...
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Indian banks’ gross NPAs likely to touch decadal low of sub-4 per cent by FY24: Study
Bad loans of Indian banks are expected to decline 90 basis points to less than five per cent in FY23 ...
Read moreBank of Baroda board approves 49 per cent stake divestment in BFSL
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company ...
Read moreAxis Bank completes buyout of Citi’s India consumer business
Axis Bank, India's fourth-biggest private-sector lender by market value, Wednesday said it has completed the acquisition of Citibank India's consumer ...
Read moreIndian banks well placed for next fiscal say rating agencies
Global credit rating agency Moody's has maintained a stable outlook for India's banking system citing strong fundamentals of the local ...
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PNB withdraws divestment process in Canara HSBC Life Insurance
Punjab National Bank (PNB) on Wednesday announced that it will discontinue the process of divestment in associate company Canara HSBC ...
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Personal loans account for 96% of all fintech lendings, mostly below Rs 5,000: Report
Despite facing regulatory challenges, fintech lenders continue to expand the credit penetration with loan disbursements growing more than 60% in ...
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SBI enters social loan market; raises $1 bln from overseas markets
State Bank of India on Tuesday said it has concluded a landmark USD 1 billion syndicated social loan, making it ...
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