RBI Imposes ₹1.45 Crore Penalty on Central Bank of India for Non-Compliance The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1,45,50,000...

Bank

Bank Holiday June 2024: Will Banks Be Open or Closed on Bakrid? Check Details Here

PJdesk - 14/06/2024 0

Bank Holiday update: Banks will be closed on Monday, June 17, 2024, in observance of Eid ul-Adha, affecting both public and private banks across India....

Bank

Japanese Yen Weakens as BoJ Maintains Steady Interest Rate

PJdesk - 14/06/2024 0

Japanese Yen news update: The Japanese Yen (JPY) edges lower as the Bank of Japan (BoJ) maintains its interest rate at 0% following Friday's meeting....

MSME

SBI Launches ‘SME Digital Business Loans’, Approves Loans in 45 Minutes

PJdesk - 13/06/2024 0

SBI MSME Loans: The State Bank of India (SBI), the country’s largest lender, has introduced 'SME Digital Business Loans' aimed at sanctioning loans within 45...

Bank

RBI imposes monetary penalty on the Prakasam district Co-operative central bank Ltd, Ongole, Andhra Pradesh

PJdesk - 11/06/2024 0

RBI in action The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹50,000 on The Prakasam District Co-operative Central Bank Ltd in...

Bank

SBI aims to raise up to $3 billion through debt in FY25

PJdesk - 11/06/2024 0

SBI aims to raise up to $3 billion State Bank of India, the country's largest lender, announced on Tuesday that its board has approved raising...

Bank

UBS Successfully Finalizes Shift to Single U.S. Holding Company; Announces Highly Anticipated Swiss Entity Merger Timeline Update

PJdesk - 11/06/2024 0

UBS completes transition to single U.S. intermediate holding company; provides update on expected timing of Swiss entity merger UBS Group AG has completed the transition...

Bank

Bank of India Acquires 6.1% Stake in CCIL IFSC

PJdesk - 11/06/2024 0

The Bank of India has acquired a 6.125% stake in the newly incorporated Clearing Corporation of India Ltd. (IFSC), listed in the GIFT SEZ...

Bank

The RBI has increased the bulk deposit limit for banks from Rs 2 crore to Rs 3 crore.

PJdesk - 10/06/2024 0

RBI in action The Reserve Bank of India (RBI) proposed revising the definition of bulk deposits, impacting both traditional banks and Small Finance Banks (SFBs)....

Bank

Goldman Sachs bullish on private banks, says correction offers opportunities

PJdesk - 09/06/2024 0

Goldman Sachs bullish on private banks Analysts at Goldman Sachs believe the sharp correction in private bank stocks on Thursday following the post-election results presents...

Bank

RBI launches its third Global Hackathon – HaRBInger 2024

PJdesk - 08/06/2024 0

RBI's Global Hackathon Reserve Bank is organising its third global hackathon – ‘HaRBInger 2024 – Innovation for Transformation’. The Hackathon invites participants to develop solutions using...

Bank

RBI Monetary Policy 2024 LIVE: Governor Das emphasizes the importance of aligning inflation with the RBI target and maintaining it at that level for...

PJdesk - 07/06/2024 0

RBI Monetary Policy 2024 LIVE The RBI will closely monitor liquidity, growth, and inflation over the coming weeks and months, but it is expected to...

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Bank

Economic Survey: India’s GDP expected to grow between 6.3% and 6.8% in FY26

Intellect to assume digital banking operations of Central 1, Canada

HDFC Bank Reports Q3 FY25 Results: Net Profit Rises 2.2% YoY, over 8% steady growth In NII

RBI cancels Certificate of Registration of X10 Financial Services Limited due to irregular lending practices

RBI updates FEMA regulation to boost cross-border rupee transactions

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Mahindra Manulife Mutual Fund announces the launch of Mahindra Manulife Value Fund

MobiKwik reports total income of INR 9,140 Mn for nine months of FY25, surpassing full-year FY24 income

SCOR: January 2025 P&C reinsurance renewals results

UBS reports 4Q24 net profit of USD 0.8bn and FY24 net profit of USD 5.1bn; proposes USD 0.90 dividend per share

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