FCNR(B) interest rates: The Reserve Bank of India's announcement to bear hedging costs for FCNR(B) deposits has prompted SBI to revise its ...

Bank stocks saw a significant jump on Friday, propelling the Nifty Bank index to a one-month peak. This surge followed news of a potential ...

A special CBI court in Mumbai transferred a fraud case against Nirav Modi to a magistrate's court. The CBI stated that corruption charges a...

Banks will now encourage more foreign currency deposits. The Reserve Bank of India will cover all hedging costs for these deposits. This mo...

India’s locker economy is booming amid rising gold prices and household wealth. While banks remain the preferred repository, private vault ...

Indian banks are pausing new business in Gulf countries amid the Iran crisis. Lenders are closely watching existing ties to avoid financial...

Indian banks are taking steps to ensure the safety of their staff in West Asia. Some banks have already moved operations to India to manage...

Punjab National Bank is boosting its cybersecurity spending by over 50% this financial year. The bank is investing heavily in technology to...

FCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...

Markets are cautious as a ceasefire nears expiry. Oil prices rose, and the rupee weakened, sparking inflation worries. Investors are watchi...

India is determined to bring fugitive diamantaire Nirav Modi back from the United Kingdom. New Delhi is in constant communication with Brit...

The Reserve Bank of India is proposing new rules for classifying large financial companies. State-owned firms like Power Finance Corp and R...

The CBI has booked a PNB official for allegedly siphoning off Rs 4.98 crore from the account of a Bhopal-based infrastructure construction ...

Shetty was earlier arrested by the CBI, probing the over Rs 13,500-crore fraud, in February. He was later remanded in judicial custody.

A senior PNB official said it expects banking regulator Reserve Bank of India to allow the lender to make provisions against the fraud.

The insurance regulator does not want bank officials on the boards of insurance companies due to conflict of interest despite them being pr...

The CBI has arrested a Deputy General Manager of Punjab National Bank after registering a case against him and directors of three private f...