Indian Banks Performing Exceptionally Well: FM Sitharaman
The Finance Minister also pointed to the success of the Unified Payments Interface (UPI), noting that its interoperable design has been recognised by the International Monetary Fund (IMF) as a global model. However, she stressed that digitalisation alone is not enough. “Integrity, empathy, and human judgment remain irreplaceable,” FM Sitharaman said.
Sep 25, 2025, 19:03 PM IST
Indian Banks Need Enhanced Assessment Of Interest Rate Impact: Report
A 50 bps increase in the repo rate leads to a 1.11 per cent rise in Net Interest Income (NII) across SCBs, with PSBs showing a sharper 1.45 per cent gain, it noted.
Jul 09, 2025, 16:34 PM IST
9 Indian Banks Figure In List Of 40 Global Digital Champions: Report
The survey further highlights that Indian Digital Champions have outperformed their global peers across most journey steps, with India’s overall DBM Index exceeding the global average index by 20 pp.
Apr 22, 2025, 19:12 PM IST
Indian Bank Clocks 41 per cent Jump In Net Profit To Rs 2,403 Crore For April-June Quarter
The bank's gross advances increased by 12 per cent to Rs 5.40 lakh crore in the April-June quarter compared to Rs 4.8 lakh crore in the same quarter last year.
Jul 29, 2024, 19:05 PM IST
Bank Holiday today: Banks to be closed in THESE cities on Bhai Dooj
According to the RBI, several banks will be closed on October 31 in Ahmedabad, Patna, and Ranchi in observance of Sardar Vallabhbhai Patel's birthday, Surya Pashti Dala Chhath (Morning Ardhya), and Chhath Puja.
Oct 27, 2022, 13:31 PM IST
Banks reduce working hours amidst COVID-19 pandemic, check timings and facilities you can avail
IBA has accordingly advised banks to restrict working hours between 10 am to 2 pm. Banks have implemented shorter banking hours on the advice of the IBA.
May 20, 2021, 11:21 AM IST
Bank holidays: Banking services to be affected for 9 days, check details here
The Reserve Bank of india has issued a bank calendar mentioning the dates on which the banks will not function. The bank users need to note that the coming weeks of March and April will observe over 11 days of holidays.
Mar 21, 2021, 08:42 AM IST
After the news of money withdrawal from mutual funds, RBI arranged 50 thousand crore for mutual fund companies
After the news of money withdrawal from mutual funds, RBI arranged 50 thousand crore for mutual fund companies. Watch this video to know more.
Apr 27, 2020, 12:52 PM IST
Total frauds in Indian banks rose to Rs 71,543 crore in 2018-19: RBI report
Among bank groups, PSBs, which constitute largest market share in bank lending, have accounted for the bulk of frauds reported in 2018-19.
Aug 30, 2019, 12:57 PM IST
Banks unlikely to match RBI's rate cut any time soon
Banks are reluctant to cut deposit rates in the fiscal year`s last quarter, as they are keen to shore up their books while not losing hefty deposits.
Feb 08, 2019, 16:30 PM IST
Banks may remain shut for five days due to strikes, holidays
In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.
Dec 19, 2018, 19:24 PM IST
Indian Bank raises Rs 110 crore through bonds
According to the statement, the credit rating assigned to these bonds is "CRISIL AAA/Stable" and "CARE AAA".
Nov 07, 2018, 15:05 PM IST
Banks must strive to be seen as institutions of clean, prudent lending: Arun Jaitley
Jaitley said that the formalisation of the Indian economy through the Insolvency and Bankruptcy Code (IBC), GST, demonetisation and Digital Payments have enabled better assessment of financial capacity and risks.
Sep 25, 2018, 16:28 PM IST
NPA provisions for banks may stay elevated till FY20: Report
Banks will continue with credit costs or provisions of up to 3 percent for both the ongoing fiscal as well as the one after, according to the rating agency.
Sep 17, 2018, 14:17 PM IST
Banks' NPAs status to worsen to over 12% by March 2019: Reserve Bank of India
There are 11 banks under PCA framework on account of their high bad loans.
Jun 26, 2018, 22:35 PM IST
Vijay Mallya ordered to pay 200,000 pounds to Indian banks by UK court
The fallen business tycoon Vijay Mallya is separately also fighting extradition to India on fraud and money laundering charges worth an estimated Rs 9,000 crores.
Jun 16, 2018, 11:25 AM IST
Bank employees demand salary revision, call for 2-day nation-wide strike from May 30
The bank employees across the country will observe a nation-wide strike for two days starting May 30 in order to protest against low hike offered by the management body. Indian Banks' Association (IBA) offered the employees 'a meagre' two per cent increment. This led them to raise their voice demanding the government's intervention in wage revision.
May 11, 2018, 23:15 PM IST
Indian banks' FY18 results likely to be weak: S&P
In a report titled 'India's Banks Are Bracing For Weak Fiscal 2018 Results', S&P on Thursday said it believes that at a system level the ratio of stressed assets is realistically around 13-15 percent, compared with 12.3 percent in the first half of fiscal 2018.
Apr 19, 2018, 22:01 PM IST
Govt to push ahead with banking reforms in new year
The Finance Ministry would soon announce contours of the recapitalisation bonds and the amount to be front loaded during the current fiscal.
Dec 28, 2017, 12:21 PM IST
Stake sale in insurance arms to help banks on bad loans: Moody's
Earlier this week, state-run SBI Life Insurance (SBI Life) completed its initial public offer (IPO) issue, while the privately-run ICICI Lombard did the same last week.
Oct 05, 2017, 18:27 PM IST