Tag: bank
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Central Bank of India’s Q2FY22 YoY net profit up 55.28%
State-run Central Bank of India on Tuesday reported a rise of 55.28 per cent in its net profit for the second quarter of the...
Bank gross NPAs to rise to 8-9%, stressed assets to touch 10-11%: Report
Gross non-performing assets (NPAs) of banks will rise to 8-9 per cent this fiscal, well below the peak of 11.2 per cent seen at...
RBI supersedes Srei Infra, SEFL’s board after payment defaults
The Reserve Bank on Monday superseded the board of Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL).
The two boards were superseded...
Afghan central bank urges people to use local currency
Afghanistan's central bank, Da Afghanistan Bank (DAB), has urged people to use local currency in transactions and avoided using foreign currencies.
"In accordance with article...
Inflation moderating from May’s shock spike: RBI Dy Guv
India's inflation level is moderating from the shock spike of May, said RBI's Deputy Governor Michael Debabrata Patra on Thursday.
Speaking at CII's Financial Markets...
RBI warns against frauds in guise of KYC update
The Reserve Bank of India (RBI) has cautioned the public against falling prey to frauds in the name of KYC (know your customer) update...
Kotak Mahindra Bank cuts home loan interest rate to 6.5% for 2 months
Kotak Mahindra Bank Ltd. on Thursday announced the reduction of its home loan interest rates by 15 basis points (bps) to 6.50 per cent.
This...
Andhra appoints former SBI chief Rajnish Kumar as economic advisor
The Andhra Pradesh government has appointed Rajnish Kumar as its economic advisor. A former SBI chairman, Rajnish Kumar's tenure in the cabinet rank position...
RBI imposes Rs 25 lakh fine on Axis Bank for violation of KYC norms
The Reserve Bank of India (RBI) has imposed a penalty of Rs 25 lakh on Axis Bank for violation/non-compliance of Know Your Customer (KYC)...
RBI to fine tune liquidity operations whenever needed
The Reserve Bank of India (RBI) will fine tune liquidity operations from time-to-time, when needed, Governor Shaktikanta Das said on Tuesday.
Addressing the FIMMDA-PDAI Annual...