The RBI has superseded the board of city-based New India Co-operative Bank, citing poor governance standards. Following supervisory concern...

Income tax raids on a direct selling agent for loans in Hyderabad have uncovered suspected kickbacks to bank and company executives. The ag...

The Reserve Bank of India (RBI) has announced the recruitment of 450 assistants. Interested candidates can apply online from September 13 t...

In an Office Memorandum dated August 14, 2023, the Ministry of Finance said, "In view of the ‘ONAM’ and ‘Ganpati’ festival, the Government ...

An RBI-appointed panel has recommended a range of customer-centric initiatives to be adopted by banks, reports suggest. The initiatives inc...

HDFC Bank users on Tuesday complained about the bank's servers being down, saying that they could not access netbanking or mobile app servi...

The RBI had in May come up with the second restructuring package that aims to restructure loans in view of the uncertainties created by the...

The total contribution from the employees amounting to Rs 7.30 crore is being remitted to the PM-CARES Fund, it said. The COVID-19 pandemic...

From tightening collection schedules to lowering credit limits, narrowing customer base to only include “super-prime” borrowers and hot-lis...

Cash deposit and withdrawal, clearing of cheques, remittance services, government transactions and ATM services as listed as essential bank...

RBI had previously capped lending to a single borrower & raised priority sector lending requirements for UCBs

For the first 90 days, the lenders would discuss with Jet and monitor the loans checking whether it becomes a non performing asset (in othe...

The banking industry, which was among the big job creators along with the information technology industry in the past two decades, is at an...

Aruna Hotels employees file plea before Tribunal; this is the first instance of staff of a company approaching the bankruptcy court.

SBI announced that it would not charge any fines on late payment or no payment of EMI for November and December for home, car and personal ...

Pranab Mukherjee on Sunday said the government has decided to strengthen the Regional Rural Banks (RRBs) to ensure that the vulnerable sect...

Indian companies that employ foreign technical personnel can now breathe easy, as a recent ruling has clarified the tax treatment of salari...