Search For "indian bank"
Banks, Post offices to help ECI step-up voter education, outreach ahead of
Updated : 2 years, 1 month ago IST
In a first-of-its-kind initiative, the Election Commission of India (ECI) on Monday signed a Memorandum of Understanding (MoU) with the Indian Banks' Association (IBA) and the Department of Posts (DoP) to amplify its voter outreach and awareness efforts ahead of the forthcoming Lok Sabha ele
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India's BFSI Sector Poised for Transformative Growth in 2024: Embracing Te
Updated : 2 years, 1 month ago IST
New Delhi [India], February 10: The Banking, Financial Services, and Insurance (BFSI) sector in India is gearing up for a year of dynamic transformation, driven by robust technological advancements, talent acquisition strategies, and a steadfast commitment to diversity and inclusion. Buildin
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Indian banking system well-placed to support growth: RBI Governor
Updated : 2 years, 2 months ago IST
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday that India's banking sector as a whole has emerged stronger from the unprecedented challenges of the recent COVID-19 pandemic and the subsequent geopolitics.
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RBI Dy Governor Rajeshwar Rao highlights role of technology and AI in bank
Updated : 2 years, 2 months ago IST
Rao said, "The banks have played an extremely important role in supporting the growth story of the Indian economy. If we were to analyse the evolution of the Indian banking sector over the last five decades, we could classify this evolution into three distinct phases - post nationalisation,
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Asset quality of banks improves to decadal high at end-September: RBI
Updated : 2 years, 3 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.
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Indian banks continue to stand strong and resilient; over Rs 15,000 crore
Updated : 2 years, 3 months ago IST
Indian banks continue to stand healthy, strong and resilient amidst global turmoil and while Non-Performing Assets (NPAs) are coming down, profit margins are going up, Finance Minister Nirmala Sitharaman said on Tuesday
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RBI's regulatory move: S&P Global Ratings forecasts 60 basis points de
Updated : 2 years, 4 months ago IST
According to S&P Global Ratings, these actions include a substantial increase in risk weights on unsecured personal loans, credit cards, and loans to nonbank finance companies (NBFCs), aiming to curb riskier lending practices and bolster overall financial stability.
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Fitch Ratings: Indian banks' viability ratings set to flourish amid improv
Updated : 2 years, 4 months ago IST
Fitch foresees the continuation of robust Viability Ratings (VR) for Indian banks, largely propelled by the bolstering operating conditions and sustained financial performance in the short run.
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Zurich Insurance to acquire majority stake in Kotak Mahindra General Insur
Updated : 2 years, 4 months ago IST
In a stock filing, the Indian bank said both parties entered into definitive agreements for the transaction whereby Zurich will invest approximately Rs 4,051 crore to acquire the stake through a combination of fresh growth capital and share purchase.
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FICCI-IBA bankers' survey indicates robust demand and encouraging turnarou
Updated : 2 years, 5 months ago IST
According to a press release, With participation from 24 banks, including public sector, private sector, and foreign banks, this survey offers valuable insights into the financial health of the Indian economy.
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ED files prosecution complaint under PMLA against Laxmi Corrugated
Updated : 2 years, 6 months ago IST
The Directorate of Enforcement (ED) has filed prosecution complaint under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 against Laxmi Corrugated, its partners Dinesh Kumar Tripathi and Mrs. Radha Dinesh Kumar, Vishal Kumar, the then Bank Manager Indian Bank and two ot
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2 held in Assam's Goalpara for smuggling 'supari' from Bangladesh
Updated : 2 years, 6 months ago IST
During the probe, it was revealed that the apprehended persons were involved in money laundering with Bangladeshi businessmen via cash transactions and payments through suspected bogus Indian Bank accounts, the DIG Partha added.
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