Mumbai, Feb. 23 -- The frenzy for credit is forcing banks to issue costly certificates of deposit and tap a central bank window for money, at a time of scarce liquidity and weak deposit growth. The g... Read More
Mumbai, Feb. 21 -- At the peak of India's covid-19 lockdown in June 2020, a cop was caught on video assaulting a female banker inside a branch in Surat, Gujarat. A video of the incident soon went vira... Read More
Mumbai, Feb. 20 -- Reserve Bank of India officials have called upon private companies to lead the way in expanding capital expenditure, a space dominated by large government spending. The corporate s... Read More
Mumbai, Feb. 20 -- India's largest private sector lender HDFC Bank does not plan to grow "just for the sake of market share", chief executive Sashidhar Jagdishan said on Monday, a month after the lend... Read More
Mumbai, Feb. 19 -- Keeping savings bank interest rates largely unchanged amid rising policy rates since mid-2022 has been shrinking the share of current and savings accounts (Casa) in banks' overall d... Read More
Mumbai, Feb. 19 -- Keeping savings bank interest rates largely unchanged amid rising policy rates since mid-2022 has been shrinking the share of current and savings accounts (Casa) in banks' overall d... Read More
Mumbai, Feb. 18 -- Keeping savings bank interest rates largely unchanged amid rising policy rates since mid-2022 has been shrinking the share of current and savings accounts (Casa) in banks' overall d... Read More
Mumbai, Feb. 16 -- The Australia and New Zealand Banking Group (ANZ) plans to open a fourth branch in India at Gift City in Gujarat as it sees customers building their operations at the international ... Read More
Mumbai, Feb. 16 -- The Reserve Bank of India (RBI) on Friday extended by 15 days the deadline for stopping transactions at Paytm Payments Bank, part of One 97 Communications or Paytm. Customers now ha... Read More
Mumbai, Feb. 15 -- The Reserve Bank of India (RBI) said in a statement on its website that it has asked a card network to pause payments under an arrangement that allowed businesses to make card payme... Read More