banking sector

New Delhi, March 30 Finance and Corporate Affairs Minister Nirmala Sitharaman stated in the Lok Sabha on Monday that the Insolvency and Bankruptcy Code (IBC) has been a key and very important factor in improving the health of the country's banking sector, including the recovery of non-performing...

New Delhi, March 23 South Indian Bank, a private sector lender, announced on Monday that it has appointed former RBI Executive Director Jose Joseph Kattoor as its non-executive, part-time chairman.The appointment is effective from March 23, 2026, for a term of three years.The appointment...

Mumbai, March 18 Fresh slippages in the banking sector are expected to rise in the near term due to emerging stress in the retail and MSME segments, even as overall asset quality remains strong, a report said on Wednesday.Despite this, the report expects the impact on overall asset quality to...

Mumbai, March 18 Former Reserve Bank Deputy Governor M Rajeshwar Rao on Wednesday called for a "re-evaluation" of the criteria for investors.Rao, who retired in September last year, said that a growing economy aspiring to accelerate economic growth will need strong financial institutions to...

Imphal, March 18 Manipur Chief Minister N Biren Singh on Wednesday urged the banking sector and development institutions to work together with renewed commitment to build a prosperous, resilient, and self-reliant state.Speaking at the launch of the 'State Focus Paper 2026-27', he said, "Our...

New Delhi, March 18 – A report highlighting the massive vacancies and mounting case backlog in consumer grievance redressal systems across the country, says the system's effectiveness is being undermined. The report, based on assessments of consumer court functioning from 2021 to 2025, found...

New Delhi, March 16 – Raghav Chadha, a Rajya Sabha member of the Aam Aadmi Party (AAP), on Monday raised what he described as three "everyday anxieties" faced by ordinary Indians, urging the government to introduce constructive reforms.His proposals included the option for couples to file...

New Delhi, March 14 The CBI questioned Jai Anmol Ambani, the son of Anil Ambani, for nearly five hours on Saturday for the second consecutive day in connection with an alleged fraud involving Union Bank of India, officials said.Jai Anmol Ambani, the former director of Reliance Home Finance...

New Delhi, March 13 The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids submitted by potential buyers were below the reserve price, sources said on Friday.The government and LIC were jointly looking to sell 60.72 per cent in IDBI Bank and had floated an...

New Delhi, March 10 IDFC First Bank announced on Tuesday that it has settled fraud claims at a Chandigarh branch for ₹645 crore and has found no further discrepancies.Private sector IDFC First Bank had last month disclosed a ₹590 crore fraud committed by certain employees and others at a...

Mumbai, March 9 – The Sensex and Nifty indices plunged by nearly 2% on Monday, as soaring crude oil prices and weak global trends due to the worsening situation in West Asia triggered a sharp sell-off in the stock market.In addition, the continued exodus of foreign funds and the weakening of...

Hamirpur (HP), March 6 BJP MP Anurag Thakur on Friday expressed concern over the low credit-deposit (CD) ratio in Hamirpur district and urged bankers to improve this ratio to help residents become more financially independent.Participating in the District Level Review Committee (DLRC) and...

Mumbai, March 6 India's foreign exchange reserves jumped by USD 4.885 billion to a record high of USD 728.494 billion during the week ended February 27, the Reserve Bank said on Friday.In the previous reporting week, the overall reserves had fallen by USD 2.119 billion to USD 723.608 billion...

Chandigarh, March 2 Punjab Finance Minister Harpal Singh Cheema on Monday targeted the BJP government in Haryana over the Rs 590-crore IDFC First Bank fraud case, claiming that it has "completely failed" in adopting new technology, which is why people's money is being "looted" in the neighboring...

Mumbai, March 2 The Reserve Bank of India (RBI) said on Monday that it processed 99.8 per cent of applications within the prescribed timeline in February 2026, according to official data.The central bank said that it handled a total of 22,765 applications in February, including pending cases...

New Delhi, March 2 Non-banking financial companies (NBFCs) specializing in gold loans are expected to see healthy profitability in the medium term, with an estimated average return on managed assets (RoMA) in the range of 4.25-4.5 per cent next fiscal, according to a report.This increase in...

Dhaka, February 27 – The conduct of Bangladesh Bank officials in forcibly removing a senior advisor from the Central Bank headquarters in Dhaka this week sends a troubling signal about the integrity and discipline of the very institution entrusted with safeguarding the country’s financial...

New Delhi, February 26 – The Central Bureau of Investigation (CBI) conducted searches at the residences of industrialist Anil Ambani and the offices of Reliance Communications (RCom) after registering a second case against the company based on a complaint filed by the Bank of Baroda on February...

Mumbai, February 24 High, stable, and accelerating growth, along with more predictable economic outcomes, have become the hallmarks of the Indian economy, according to Reserve Bank of India Deputy Governor Poonam Gupta.Delivering the 14th Foundation Day Lecture of the Centre for Development...

Mumbai, February 23 Cities in Tier II and III now account for nearly 70 per cent of the country's blue-collar workforce, driven by expanding job opportunities in sectors such as retail, BFSI, and engineering, manufacturing and industrial (EMPI), a report revealed on Monday.The Quess Pulse...