Banking

Rising inflation is expected to keep the Reserve Bank of India from cutting rates again until late this year. (Mint )

RBI to hold rates on inflation concerns, fiscal boost likely: Poll

3 min read . 04:09 PM IST

State Bank of India chairman Rajnish Kumar (Mint)

SBI chairman Rajnish Kumar says Yes Bank ‘will not be allowed to fail’

1 min read . 11:23 AM IST

Customers can now pre-authorize a transaction and pay on a later date with UPI mandate feature. (Mint)

BHIM Baroda Pay with UPI 2.0 launched: Check key features, benefits

1 min read . 10:45 AM IST

Axis Bank Q3 net profit rises 4.53%

Axis Bank Q3 net profit up 4.5% to ₹1,757 crore, misses estimates

1 min read . 22 Jan 2020

Bank of Baroda has already been merged with two smaller state-run banks - Dena Bank and Vijaya Bank

Bank of Baroda, Bank of India and Canara Bank get new MD & CEOs

1 min read . 20 Jan 2020

Challa Sreenivasulu Setty appointed MD of SBI for 3 years

1 min read . 20 Jan 2020

'The board discussed the current state of the financial sector with special focus on the regulatory and supervisory architecture of commercial and cooperative banks as also NBFCs,' the minutes said

RBI pre-empts RTI by releasing minutes of October board meet

2 min read . 21 Jan 2020

Morgan Stanley CEO James Gorman will receive $27 million for 2019. Photo: Bloomberg

Morgan Stanley starts cost-cutting plan with CEO, slashes Gorman's salary by 7%

1 min read . 18 Jan 2020

Banks must take utmost care about data accuracy, RBI said.

RBI wants UCBs to report loans of over ₹5 cr every quarter

1 min read . 17 Jan 2020

The only area where the bank is still lagging is return on assets (RoA). Photo: Mint

IDBI Bank to meet RBI this week; seeks to exit PCA framework

2 min read . 16 Jan 2020

Customers should also have an option of opting in these services via 24X7 mobile applications, net banking

Debit, credit cards to be disabled for online transactions if not used before

1 min read . 15 Jan 2020

(Photo: Reuters)

Banks can no longer issue contactless cards by default to users: RBI

1 min read . 15 Jan 2020

Bank unions have demanding a wage hike. (Mint)

Bank strike for 2 days from January 31, branches could be shut on Budget day

1 min read . 15 Jan 2020

Investors flock outside the Guru Raghavendra Sahakara (Cooperative) Bank after alleged irregularities in transactions at the Basavanagudi area in Bengaluru on Tuesday. (ANI)

Guru Raghavendra Bank says will sort out NPA issue by March

1 min read . 14 Jan 2020

Yes Bank to seek shareholders’ nod to raise ₹10,000 crore

1 min read . 14 Jan 2020

Reserve Bank of India (Mint )

Govt appoints Michael Patra as RBI Deputy Governor

1 min read . 14 Jan 2020

Tejasvi Surya, BJP MP from Bengaluru South. (PTI)

After RBI's order on Bengaluru bank, BJP MP Tejasvi Surya tweets 'no panic'

1 min read . 14 Jan 2020

RBI did not buy or sell any currency in the futures market. (REUTERS)

RBI buys net $6.93 billion in currency market in November

1 min read . 13 Jan 2020

ZA began a pilot last month for the city’s first digital-only bank. Photo: iStock (iStock)

Hong Kong’s first digital bank offers 6% rate that dwarfs HSBC’

4 min read . 13 Jan 2020

The median one-year marginal cost of funds-based lending rate (MCLR) for private banks fell a meagre 12 basis points (bps) to 9.18% between January and December 2019. (Hemant Mishra/Mint)

Private banks slow to give rate cut benefits

3 min read . 13 Jan 2020