Security forces have recovered a cache of arms, ammunition and explosives, including a Chinese-made hand grenade, allegedly concealed by Ma...

FCNR(B) deposits could boost banks’ return on equity despite a mild impact on net interest margins, according to Anand Rathi. Exemptions fr...

Indian banks are actively reducing costly bulk deposits after strong foreign currency inflows. This strategy helps optimize funding costs a...

Parag Sharma expects the company, India's second-biggest non-bank lender by market value, to sustain 18-20% credit growth annually and main...

Manipur Chief Minister Yumnam Khemchand Singh called for unity among Meiteis, Nagas and Kukis and urged communities to work together for pe...

India delivered a third consignment of Bailey bridges to Sri Lanka. This delivery supports rural road reconstruction after Cyclone Ditwah c...

State Bank of India announced a notable ten percent growth in net profit for the June quarter, driven by robust loan growth that amplified ...

State Bank of India reported a strong first quarter with net profit rising over ten percent. Gross advances surpassed fifty lakh crore rupe...

The Reserve Bank of India has announced an exemption for loans against specific foreign currency deposits, particularly fresh FCNR(B) and N...

SBI reported a 10% rise in Q1 net profit to Rs 21,121 crore, beating estimates on robust loan growth and higher net interest income. Improv...

In fiscal year 2025, banks increased their non-SLR investments by 15%. Simultaneously, SLR investments saw a 10% rise. Non-SLR investments ...

This is Prodapt’s second acquisition for the year following its acquisition of Silicon Valley-based Innovative Logic in August. The company...

The Reserve Bank today permitted banks to bring down the statutory liquidity ratio securities under held-to-maturity category by 1.25 per c...

SLR is expressed as a percentage of the net demand and time liabilities (NDTL) of a bank reduced by a technically computed netting amount.

Governor Rajan said that reduction in SLR might not spur credit growth immediately but it would enable banks to meet credit demand.

RBI reduced the requirement of holding HTM (held-to-maturity) category bonds in the SLR portfolio for the banks to 23 per cent.