No capital infusion by Punjab National Bank in…

NEW DELHI: (PNB) will not participate in capital raise plans of its housing finance subsidiary, PNB Housing Finance, but the company will continue to scout for raising equity from other sources, according to a regulatory…

RBI puts Rs 1,000 withdrawal cap on Deccan…

The Reserve Bank on Friday said it has barred Karnataka-based Deccan Urban Co-operative Bank Ltd from granting fresh loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their savings account for…

Kotak Mahindra Bank announces launch of Kotak Remit…

NEW DELHI: on Monday announced the launch of its outward forex remittance service, Kotak Remit, on mobile that will allow users to send money abroad directly from their mobile phones. The outward forex remittance solution…

HDFC Bank beats SBI in Covid-19 scheme loans

(This story originally appeared in on Feb 10, 2021)HDFC Bank has outdone (SBI) in disbursements under the Emergency Credit Line Guarantee Scheme (ECLGS) introduced by the government as a part of the Covid relief package.…

Bank credit grows by 6.36%, deposits by 11.41%

Mumbai: Bank credit grew 6.36 per cent to Rs 106.41 lakh crore, while deposits increased by 11.41 per cent to Rs 146.25 lakh crore in the fortnight ended January 15, RBI data showed. In the…

All India Bank Depositors’ Association seeks end to…

Mumbai: The All India Bank Depositors’ Association of India in their pre-policy meeting with RBI governor Shaktikanta Das have asked for the withdrawal of an “unjust” ‘transaction decline charge’ on debit cards. Each time a…