Search For "commercial banks"
Asset quality of banks improves to decadal high at end-September: RBI
Updated : 2 years, 2 months ago IST
The gross non-performing assets (GNPA) ratio of scheduled commercial banks (SCBs) fell to a decadal low of 3.9 per cent at end-March 2023 and further to 3.2 per cent at end-September 2023.
Read More
Long queue outside RBI Chandigarh branch to deposit, exchange Rs 2,000 not
Updated : 2 years, 4 months ago IST
After commercial banks stopped accepting Rs 2000 banknotes, people have now started lining up in 19 offices of the Reserve Bank of India (RBI) to exchange their high-denomination notes.
Read More
DBS Named Safest Bank in Asia for the 15th Consecutive Year by Global Fina
Updated : 2 years, 5 months ago IST
Mumbai (Maharashtra) [India], October 12: DBS Bank today announced that it has been named "Safest Bank in Asia" by New York-based trade publication Global Finance. This is the 15th consecutive year that DBS has achieved this accolade, extending a track record stretching back to 2009. The ban
Read More
Agri ministry asks banks to promote Agriculture Infrastructure Funds
Updated : 2 years, 8 months ago IST
According to an official statement from Ministry of Agriculture and Farmers Welfare, this one month-long Campaign (from July 15, 2023 to August 15, 2023) with a target of Rs 7200 crore was launched through Video Conference attended by more than 100 Banking Executives that included MDs/Chairm
Read More
China's state-run banks reduce interest rates on deposits: Report
Updated : 2 years, 9 months ago IST
Six commercial banks have announced that they have reduced the rate for demand deposits from 0.25 per cent to 0.2 per cent. The banks have reduced the interest rates on deposits covering a fixed period of time.
Read More
SBI Research highlights how PMMY revolutionised socio-cultural fabric of n
Updated : 2 years, 10 months ago IST
According to SBI Research, MUDRA has created an indelible print on India's rising micro, small and medium enterprises' (MSME) prowess through relentless promoting by a wide array of MLIs which are scheduled commercial banks (SCBs), non-banking finance companies (NBFCs), regional rural banks
Read More
Repo Rate hike by RBI: Developers expect stability
Updated : 3 years ago IST
Delhi-NCR [India], February 21 (ANI/NewsVoir): The Reserve Bank of India (RBI) has announced a repo rate hike of 25 basis points taking the total interest rate to 6.5 per cent. The RBI's decision to raise the rate was driven by concerns about inflation. However, the developers feel that RBI
Read More
Indian stocks rally on a day RBI raises repo rate
Updated : 3 years, 1 month ago IST
In the just concluded three-day monetary policy committee meeting, the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent.
Read More
RBI expected to remain cautious with focus on achieving full growth potent
Updated : 3 years, 1 month ago IST
In the just concluded three-day monetary policy committee meeting, the RBI decided to raise the repo rate, the rate at which the RBI lends money to all commercial banks, by 25 basis points to 6.5 per cent.
Read More
Consolidated balance sheet of scheduled commercial banks registered double
Updated : 3 years, 2 months ago IST
The consolidated balance sheet of scheduled commercial banks (SCBs) has registered double-digit growth in 2021-22, after a gap of seven years, said the Reserve Bank of India.
Read More
'Loans worth Rs 1,74,966 cr written off in 2021-22': MoS Finance Bhagwat K
Updated : 3 years, 3 months ago IST
The Union Minister of State for Finance, Bhagwat Karad on Tuesday informed the Rajya Sabha that loans worth Rs 1,74,966 crores were written off by scheduled commercial banks (SCBs) in the last financial year and Rs 33,534 crores were recovered from written-off loans in the last financial yea
Read More
Quant and UST partner to accelerate the adoption of institutional digital
Updated : 3 years, 3 months ago IST
Bengaluru (Karnataka) [India]/ London [UK], November 22 (ANI/PRNewswire): Quant, the blockchain for finance pioneer, has partnered with UST, a leading digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capi
Read More