Bank
- Business
India’s credit rating upgraded to ‘BBB’ with ‘Stable’ trend: Morningstar DBRS
New Delhi: India’s rating has been upgraded from ‘BBB (low)’ to ‘BBB’ with a ‘Stable’ trend by global sovereign credit rating agency Morningstar DBRS. The key drivers for the ratings upgrade include…
- Business
Cumulative rate cuts of 125-150 bps estimated in FY26: SBI report
New Delhi: The benign inflationary patterns suggest an aggressive rate cut trajectory by the Reserve Bank of India, with key policy rate likely to breach the ‘Neutral’ rate by March 2026, an…
- India
Man tries to rob Kolkata bank with toy gun, arrested
Kolkata: A 31-year-old man was arrested in Kolkata’s Survey Park area after he was caught while allegedly attempting to rob a bank using a toy gun, police said on Saturday. Dalim Basu,…
- Business
Ignore speculation, bank remains strong, RBI assures IndusInd Bank depositors
Mumbai: The Reserve Bank of India (RBI) assured IndusInd Bank depositors of its financial stability following recent speculation about its financial health. The central bank confirmed that the bank remains well-capitalised and…
- India
SBI customers face UPI, mobile banking outage; bank says issue resolved
Mumbai: SBI customers faced difficulties in accessing UPI and mobile banking services for more than four hours on Tuesday due to some “technical issues”. The country’s largest lender later said the technical…
- Business
RBI’s move to inject Rs 1.9 lakh crore liquidity seen as positive for banks
Mumbai: The RBI’s move to inject Rs 1.9 lakh crore has come as a big positive for banks, which is reflected in the rise in the stock prices of both private and…
- Business
Kotak Mahindra Bank acquires Standard Chartered India’s personal loan biz
Mumbai: Kotak Mahindra Bank on Thursday said it has completed the acquisition of the personal loan portfolio of Standard Chartered India for Rs 3,330 crore. The acquisition, which received the necessary regulatory…
- Business
World Bank projects India’s growth to be 6.7 pc in next two fiscal years
United Nations: The World Bank projects India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing…
- Business
Banks hike interest rates on FDs amid fierce competition for deposits
Mumbai: Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on…
- Hyderabad
Sankranti, Republic Day, other bank holidays in Hyderabad
Hyderabad: The banks in Hyderabad will remain closed for seven days in January 2025 due to Sankranti and other holidays, as announced by the Reserve Bank of India (RBI). According to the…
- Middle East
Police launch manhunt for 1,425 Keralites in Rs 700 crore fraud against Kuwait bank
The Kerala Police have initiated an extensive probe into a massive fraud involving approximately 1, 425 Keralites including 700 nurses who allegedly duped the Gulf Bank of Kuwait of around Dh 303…
- Business
SBI Q2 net profit jumps 23 pc to Rs 19,782 cr
Mumbai: SBI on Friday reported a 23 percent on-year jump in consolidated net profit at Rs 19,782 crore for the quarter ended September 30, 2024. The consolidated net profit for the corresponding…
- Business
Kotak Mahindra Bank Q2 results: Net profit rises 4.8 pc to Rs 3,344 cr
New Delhi: Kotak Mahindra Bank on Saturday, October 19 reported a net profit of Rs 3,344 crore in the July-September period (Q2 FY25), up 5 percent from Rs 3,191 crore in the…
- Middle East
UAE bank likely to acquire significant stake in Indian lender, says envoy
An Abu-Dhabi based bank is likely to acquire a significant stake in an Indian bank, United Arab Emirates (UAE) envoy to India Abdulnasser Alshaali told CNBC TV-18. In the interview, the envoy…
- Politics
Banks must raise more deposits, step up lending: FM Sitharaman
New Delhi: Finance Minister Nirmala Sitharaman on Saturday urged banks to raise more deposits from the public and step up lending for government schemes announced in Budget 2024-25. Addressing the media after…
