Bank
Bank
India’s foreign exchange reserves surged by $2.98 billion to reach a new pinnacle of $648.562 billion at the week’s conclusion.
foreign exchange reserves update
RBI announces a $2.98 billion surge in forex reserves, reaching a new pinnacle of $648.562 billion.In September 2021, the nation's foreign...
UCO Bank, Central Bank of India, and three additional Public Sector Banks (PSBs) have been instructed to increase their public shareholding to 25% by...
Banks news update
UCO Bank, Central Bank of India, and three additional PSBs have been instructed to increase their public shareholding to 25% by AugustThese...
BoB cases of scam related to the BoB World app prompt the Ministry of Finance to advocate for a strengthened KYC process
BoB World app scam:
According to news agency Business Standard:The RBI may advise banks and financial institutions to assess the concentration of Business Correspondents (BCs)...
RBI rejects 2 application for Licensing of Small Finance Banks
RBI in action:
The Reserve Bank of India has turned down two additional requests to establish small finance banks: those from Dvara Kshetriya Gramin Financial...
The Japanese banking giant, MUFG, is poised to acquire a 20% share in HDFC Bank’s subsidiary, HDB Financial, for a total of $2 billion.
MUFG, the Japanese banking giant
People familiar with the matter report that Bank of Tokyo-Mitsubishi UFJ (MUFG), the Japanese banking giant, is in the process...
Bank’s fresh NPA generation to rise gradually but to remain controlled in the FY25: ICRA
bank's NPA report:
The onset of new Non-Performing Asset (NPA) generation is expected to gradually increase but remain under control throughout the Financial Year 2025,...
The ECB maintains its rates at current levels while central banks worldwide grapple with the timing of potential cuts.
The ECB maintains its rates
On Thursday, the European Central Bank opted to keep its key interest rate benchmark unchanged, preferring to await confirmation that...
RBI ipmoses monetary penalty on 5 different Co-operative banks
RBI ipmoses monetary penalty on different Co-operative bank ltd
The Uttrakhand grameen bank Dehradun, The Raj Laxmi Mahila Urban Co-operative, Nagr sahkari bank ltd, The...
The Reserve Bank of India spearheads a rise in gold reserves amidst a slowdown in gold accumulation among global central banks
The Reserve Bank of India
The Reserve Bank of India (RBI) distinguished itself by maintaining its steady accumulation of gold reserves. According to weekly data...
Bandhan Bank plummeted dramatically following the CEO’s formidable decision to exit in July.
Bandhan bank news updateToday, at the opening bell, the stock of private sector lender Bandhan Bank experienced a significant decline of nearly 9% following...
Bandhan Bank CEO Chandra Shekhar Ghosh will gracefully retire at the end of his tenure.
Bandhan Bank CEO Chandra Shekhar Ghosh will retire at the end of his termOn Friday, Bandhan Bank's founder, managing director, and CEO Chandra Shekhar...
RBI Monetary Policy Meeting reveals that the RBI MPC has opted to maintain the repo rate at 6.50%, while also retaining the GDP forecast...
RBI Monetary Policy Update:
Led by RBI Governor Shaktikanta Das, the Monetary Policy Committee (MPC) chose to maintain the key repo rate at 6.5%, aligning...
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