Bank of Baroda (BoB) on Thursday became the first lender to raise the interest rates on home and auto loans following the Reserve Bank of India’s surprise decision to jack up the policy repo rat...

Mathbhanga town resident Chinmoy Chakraborty, who on Sunday afternoon took the desperate measure of locking up an ATM kiosk of Punjab National Bank after his debit card stayed stuck inside the slot, g...

Weak public sector lenders like Central Bank of India and Punjab & Sind Bank will get the lion’s share of the Rs 15,000 crore earmarked for capital infusion in state-owned banks for the curr...

Shares of Central Bank of India and Indian Overseas Bank (IOB) on Wednesday rallied on the bourses, notching up gains of up to 13 per cent on reports that they may be privatised. While the two counte...

Axis Bank on Tuesday reported a net profit of Rs 3,382.78 crore on a consolidated basis for the September quarter, driven by lower loan provisions as asset quality improved.  The third larg...

Inching a step closer to the privatisation of two public sector banks, a high-level panel headed by the cabinet secretary recently held a meeting to thrash out various regulatory and administrative is...

Centrum Housing Finance Ltd (CHFL) is acquiring the 64.40 per cent stake held by Central Bank of India in Cent Bank Home Finance (CBHFL) for Rs 160 crore. CBHFL is a financing and mortgage company jo...

The Reserve Bank of India is scrambling to deal with the crisis that erupted on Tuesday when the Supreme Court struck down a circular that it had issued on February 12 last year to speed up the resolu...

The government and the RBI are considering giving relief to banks, aviation and other hospitality sectors hit by the coronavirus outbreak by relaxing bad loan classification rules, a source familiar w...

Reserve Bank of India governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts and they are being monitored.At present, Indian Overseas Bank ,...