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Punjab & Sind Bank eyes Rs 4 lakh cr business by FY29: Lender bets big on technology transformationPunjab & Sind Bank is setting ambitious goals, aiming for a staggering ₹4 lakh crore in business by the fiscal year 2028-29. The bank proje...- FCNR(B): Data show banks have raised $20.7 bn under scheme; $10 bn more may flow inThe optimism follows RBI's disclosure that banks have collectively garnered $20.7 billion under its special incentive window, a pace that h...
- ICICI Bank eyes $500 million dollar bond issue via GIFT CityICICI Bank is close to raising at least $500 million through five-year dollar bonds via its GIFT City unit, leveraging the RBI’s concession...
- Banks, financial institutions reported fraud of Rs 1.42 lakh crore in last 5 years: MoS FinanceBanks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five...
- Indian Overseas Bank eyes $650 million foreign deposits by SeptemberIndian Overseas Bank aims to gather $650 million in foreign currency deposits by September. The bank has already secured $300 million witho...
- Japan's SOMPO seeks control of Universal GeneralJapan's SOMPO Insurance is discussing increasing its stake in Universal SOMPO General Insurance. The Japanese insurer aims to acquire share...
- Indian banks mobilise $20.7 billion under RBI's special incentive windowIn a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a ...
- Corporate loan growth outpaces retail advances at top private banksCorporate lending at top Indian private banks surged significantly in the June quarter. This corporate loan growth far outpaced retail cred...
- India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facilityThe state-run export finance institution will issue three-year floating-rate bonds priced at 90 basis points over the Secured Overnight F...
- India's EXIM Bank plans $300 million dollar bond sale under RBI hedging facilityThe Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the central bank's subsidized hedging ...
- Yes Bank Q1 profit surges 34% on strong loan growthYes Bank has reported a remarkable thirty-four percent surge in net profit for the first quarter, driven by robust loan growth and enhancin...
- Axis Bank appoints ex-Bandhan Bank CFO Rajeev Mantri as finance chiefAxis Bank has appointed Rajeev Mantri as its new finance chief. Mantri joins Axis Bank after stepping down from Bandhan Bank in June. He br...
- RBI bars banks, NBFCs from selling acquired stressed assets back to defaulting borrowers, related partiesNew Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply t...
- Development of India's highest commercial Lilium cultivation field starts in LadakhIndia's highest commercial Lilium cultivation field development has commenced in Ladakh. Over fifty thousand premium Lilium bulbs were plan...
- RBI proposes stricter data governance framework for banks, NBFCs; seeks feedback by Aug 17The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financia...
- ICICI Lombard Q1 Results: Profit falls 46% on commercial insurance slowdown, higher claimsICICI Lombard reported a dramatic forty-six percent drop in profit for the first quarter, attributed to a downturn in commercial insurance ...
- These 9 banking stocks have an upside potential of up to 28% in 1 year, according to analystsIt is always important to make a distinction between sentiment and real business. While sentiment can impact prices in the short term, it i...
- RBI proposes easing rules for mutual funds, insurers to acquire higher stake in banksThe RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeate...
- Global Market: EU opens talks on digital euro rules, eyes 2029 launchThe European Union has begun negotiations on legislation to create the legal framework for a digital euro, aiming to finalize the rules by ...
- Tata Power mulls $450 million loan backed by offshore unitsTata Power is negotiating with banks for a significant overseas loan. The company seeks five-year funding backed by its subsidiary shares. ...
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