The Reserve Bank of India (RBI) on Monday imposed a monetary penalty of Rs 1 crore on the State Bank of India (SBI) and a Rs 1.95 crore fine on Standard Chartered Bank for the violation of various gui...

The government is considering appointing Soma Sankara Prasad, the deputy managing director of State Bank of India, as managing director of Calcutta-based Uco Bank.  The Banks Board Bureau (BBB) ...

India needs four to five “SBI size” banks to meet the growing needs of the economy and industry, finance minister Nirmala Sitharaman said on Sunday.  Addressing the 74th annual genera...

A State Bank research report has suggested  major changes in the tax treatment of interest rate on bank deposits as the real interest rate on deposits have turned negative amid the lure of return...

The financial creditors of Dewan Housing Finance Corporation Ltd (DHFL) will reportedly get paid over the next few days as the Piramal group moves towards completing the acquisition of the mortgage le...

Lenders to Videocon Industries Ltd executed a neat somersault on Monday when they decided to seek fresh bids for the company and 12 other firms after coming under fire for accepting a lowball debt res...

The State Bank of India has revised its base rate to 7.45 per cent and benchmark prime lending rate to 12.20 per cent. The new rates come into effect from Wednesday (September 15, 2021). According to...

Punjab National Bank (PNB) is set to raise up to Rs 6,000 crore through bonds. In a regulatory filing, the state-owned lender said that its board on Friday approved raising capital by issuing Basel-I...

Banking giant HSBC has appointed former SBI chairman Rajnish Kumar as a non-executive director for its Hong Kong-based Asia unit. Kumar, who retired from the country’s largest lender after four...

HDFC Bank on Monday said the bank plans to raise capital by additional tier- I (AT1) bonds in the overseas market to fund its business growth. The bank is expected to raise up to $1 billion from thes...