Banking

Axis Bank’s fundraise is India’s second-largest qualified institutional placement, after SBI’s ₹15,000 crore QIP in 2017. (Aniruddha Chowdhury/Mint)

Axis Bank raises ₹12,500 crore via QIP from GIC, others

2 min read . 22 Sep 2019

SBI to roll out co-lending model with 4-5 NBFCs

1 min read . 22 Sep 2019

CARE’s downgrade of Reliance Capital debt is a fresh setback to India’s shadow banks

CARE downgrades Reliance Capital’s ₹17,000 crore debt to default grade

1 min read . 22 Sep 2019

Peter Estlin, Lord Mayor of the City of London, was on a tour of India last week to convince local regulators and companies to allow UK-based fintech companies to operate in India

UK fintechs want to enter Indian start-up sandboxes

2 min read . 22 Sep 2019

The funds mobilised will be used to meet growth requirement (Mint file)

India Overseas Bank raises ₹500 crore via bonds

1 min read . 21 Sep 2019

NITI Aayog vice-chairman Rajiv Kumar (Ramesh Pathania/Mint file)

Corporate tax cut to have 'minor' impact on fiscal deficit: Niti Aayog

2 min read . 21 Sep 2019

The timeline for auto-reversal has been set at between one day after the transaction to five days. Photo: iStock

Failed ATM services: RBI tightens norms for banks, up penalties

1 min read . 20 Sep 2019

The mindless consolidation of public sector banks is also not reform. (Reuters)

The roadmap for real banking reforms

9 min read . 22 Sep 2019

Not just cheque clearances but ATM services too might get affected as a result of the bank strike followed by two consecutive weekly holidays in the last week of September. (PTI)

Bank strike next week: Bank branches could be shut for 4 consecutive days

1 min read . 20 Sep 2019

(Photo: Reuters)

RBI caps term for banks' concurrent auditor at three years

1 min read . 19 Sep 2019

A file photo of Shaktikanta Das, governor RBI (Photo: Mint)

Banks need to take larger haircuts to resolve stress in some NBFCs, says Das

2 min read . 19 Sep 2019

Union Finance Minister Nirmala Sitharaman with MoS for Finance Anurag Thakur and Finance Secretary Rajiv Kumar chairs a review meeting with the public sector banks, at Vigyan Bhawan in New Delhi (Photo: PTI)

Banks to hold public meets with NBFCs until 15 Oct in 400 districts: Sitharaman

1 min read . 19 Sep 2019

Union Finance Minister Nirmala Sitharaman with MoS for Finance Anurag Thakur chairs a review meeting with the public sector banks, at Vigyan Bhawan in New Delhi (Photo: PTI)

Don't want banks to only recycle loans with existing customers: Sitharaman

1 min read . 19 Sep 2019

The bank will allow all existing home loan customers as on 30 September to switch over to the new product (Mint file)

SBI eyes 1 October launch of revamped home loan product linked to repo

2 min read . 19 Sep 2019

There is tight liquidity among property developers (Mint file)

Moody’s says Altico’s default credit negative for banks with exposure to realty

1 min read . 19 Sep 2019

Rashesh Shah, chairman of Edelweiss Financial Services. Photo: Abhijit Bhatlekar/Mint (Abhijit Bhatlekar/Mint)

Rashesh Shah of Edelweiss says credit markets to return to normalcy by year-end

2 min read . 19 Sep 2019

Former Reserve Bank of India governor Bimal Jalan (Mint file)

RBI reserves can fund national security exigencies: Bimal Jalan

4 min read . 19 Sep 2019

Finance minister Nirmala Sitharaman (Pradeep Gaur/Mint file)

Five things to watch out for in Nirmala Sitharaman's meeting with PSB heads

2 min read . 19 Sep 2019

Bankers can now take decision without fear; CVC sets up panel to examine fraud

2 min read . 19 Sep 2019

The business after the amalgamation will be more than Rs8 lakh crore. (Mint)

Indian Bank board gives in-principle nod to merge Allahabad Bank with itself

1 min read . 18 Sep 2019