Following the RBI's recent rate cut, SBI has reduced its deposit rates by 10bps, affecting select tenors and potentially lowering borrowing costs. The move aligns with broader mone...
Germany's Federal Cartel Office approves UniCredit's 29.99% stake in Commerzbank, a move previously authorized by the European Central Bank, signaling a significant consolidation i...
This week's earnings season highlights include Netflix and TSMC's anticipated revenue growth, alongside reports from major banks and healthcare companies. Key players across sector...
HDFC Bank reduces savings account interest rates to 2.75% following RBI's repo rate cut, reflecting a shift in depositor behavior and banking sector strategies towards liquidity ma...
The Reserve Bank of India (RBI) has fined HDFC Bank Rs 75 lakh for KYC norm violations and Punjab & Sind Bank Rs 68 lakh for lapses in reporting and financial inclusion guidelines,...
The income tax department has demanded Rs 559 crore from Indian Overseas Bank (IOB) under Section 156 of the Income Tax Act, 1961. IOB plans to appeal, citing strong legal grounds ...
The Finance Ministry warns about the risks of households shifting savings to market-linked financial products, highlighting potential financial losses and challenges for banks' liq...
The Institute for Development and Research in Banking Technology (IDRBT) has launched IBCART 3.0, an upgraded cybersecurity platform in collaboration with Quick Heal Technologies. ...
IndusInd Bank's shares nosedived 25%, losing 16000 crore market-cap in 2 hours due to accounting discrepancies in its derivatives portfolio. This has raised concerns over the bank'...
Finance minister Nirmala Sitharaman calls for digital transformation and innovation in the banking sector, emphasizing the need to adapt to changing customer expectations and techn...
The Reserve Bank of India has approved a one-year extension for Sumant Kathpalia as MD and CEO of IndusInd Bank, less than the three years requested by the bank's board. Kathpalia'...
Dallas Federal Reserve President Lorie Logan discusses the Federal Reserve's stance on interest rates amidst economic growth and inflation concerns. She also shares insights on ban...
South Korea's household loans saw their first decline in 10 months, decreasing by 900 billion won in January. This shift is attributed to economic uncertainties and a slowdown in h...
Gold loans have surged by 71% in 2024, becoming the fastest-growing segment in personal loans. Driven by regulatory changes, rising gold prices, and financial distress, this trend ...
Indian Bank welcomes Binod Kumar as its new MD and CEO, replacing Shanti Lal Jain. Kumar, with a rich background at PNB, is set to lead the bank into a new chapter of growth and in...
Citigroup Inc. has reported a 12% increase in Q4 revenues, reaching $19.6 billion, showcasing a significant year-over-year growth and highlighting the bank's strong financial perfo...
HDFC Bank secures RBI approval to increase its group entities' stakes in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank, signaling a strategic expansion...
Indian banks face a potential rise in NPAs by 2026, with RBI's stress tests indicating worsening asset quality, especially among private sector banks. The report also highlights vu...
The stock market faced challenges in maintaining its recent highs, with a notable decrease in trading volumes on the Ho Chi Minh Stock Exchange. While some stocks experienced decli...
