Bank of Maharashtra waives loan processing fees under special offer
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State-owned Bank of Maharashtra (BoM) has announced a slew of offers, including concessional interest rates and a 100 per cent waiver on processing fees on retail loans.
The bank under 'Retail Bonanza-Monsoon Dhamaka' waived the processing fee for its gold,
Ujjivan SFB shares tumble nearly 19% as MD, CEO Nitin Chugh resigns
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Shares of Ujjivan Small Finance Bank on Friday tumbled nearly 19 per cent after the announcement that its Managing Director and Chief Executive Officer Nitin Chugh has resigned from the bank.
The stock tumbled 18.76 per cent to close at Rs 19.70 on the BSE.
NPCI global arm ties up with Mashreq Bank for UPI payments in UAE
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NPCI's global arm NPCI International Payments Ltd (NIPL) has partnered with UAE-based Mashreq Bank to provide its mobile-based real-time payment system UPI in the gulf nation
India's forex reserves decline $2.10 billion to $619.365 billion
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India's foreign exchange reserves decreased by USD 2.099 billion to stand at USD 619.365 billion for the week ended August 13 due to a fall in core currency assets and gold, RBI data showed on Friday.
The forex kitty had increased by USD 889 million to a lif
MPC minutes: Economy struggling to regain momentum of H2FY21, says Das
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The need of the hour is twofold: first, continue the monetary policy support to the economy; and second, remain watchful of any durable inflationary pressures, says RBI Governor
RBI issues revised norms for hiring of bank lockers: Check details here
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Under new norms, the liability of banks will be limited to 100 times its annual rent in case of fire, theft, building collapse or frauds by bank employees
RBI to buy up to Rs 25,000 cr of 5 gilts on August 26 under G-SAP 2.0
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The Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26, under the G-sec Acquisition Programme (G-SAP 2.0).
RBI issues revised instructions for banks on locker management
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The Reserve Bank of India (RBI) on Wednesday issued revised instructions for all banks regarding locker management following orders of the Supreme Court
HDFC Bank shares gain as RBI lifts curbs on new credit card issuances
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Shares of HDFC Bank on Wednesday rose nearly two per cent in early trade as investors cheered the Reserve Bank's decision to allow the lender to issue new credit cards.
With the lifting of the eight-month-long ban on HDFC Bank with respect to selling new cre
MFI's gross loan portfolio slips 4% to Rs 214,528 cr till June: Sa-Dhan
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The microfinance industry's gross loan portfolio (GLP) marginally declined by around 4 per cent to Rs 214,528 crore as of June 30 this year, against Rs 224,205 crore as of June 20, 2020
UPI forms 10% of overall retail payments in FY21, says Macquarie report
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UPI saw its FY21 annual throughput value at Rs 41 trillion, almost 2.8x that of credit and debit card at Point of Sale combined, and almost 20x that of prepaid payment instruments.
SBI scraps processing fees, lists more offers for retail customers
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The country's largest lender State Bank of India on Monday announced a slew of offers for its retail customers ahead of the festive season.
The bank has announced a 100 per cent waiver on processing fees for its car loan customers across all channels, a rele
BoM tops PSU banks chart in terms of loan, saving deposit growth in Q1
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State-owned Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan and savings deposit growth during the first quarter of the current financial year.
The Pune-headquartered lender recorded 14.46 per cent incre
FM to meet CEOs of PSBs on August 25 to review financial performance
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Sitharaman is scheduled to meet heads of public sector banks on August 25 to review financial performance of the lenders and progress made by them to support the economy battered by COVID-19 pandemic
RBI cancels licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra
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The Reserve Bank has cancelled the licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra for not having adequate capital and being unable to pay its present depositors in full
India's forex reserves rise by $889 mn to lifetime high of $621.464 bn
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The country's foreign exchange reserves increased by USD 889 million to a lifetime high of USD 621.464 billion in the week ended August 6, 2021, RBI data showed on Friday
RBI likely to hike interest rates starting early 2022, say analysts
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The Reserve Bank may be hitting the end of its tolerance for high inflation and will most likely hike interest rates in the first half of 2022, analysts said on Friday.
The central bank will also start rolling back its accommodative policies which have led t
