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Business News/Industry/ Banking

Banking News

Following the merger of mortgage lender HDFC with India’s largest private lender, its loan book and deposits became part of the banking system.

Bank credit hits ₹150 tn on retail, HDFC merger

2 min read . 25 Sep 2023

Reserve Bank of India imposes monetary penalty on three banks

4 min read . 25 Sep 2023

The bank will start a closed user group trial by December and then roll it out to other users by the end of March, Anjani Rathor, chief digital officer of the bank, said in an interview.

HDFC Bank plans to launch new mobile app, site by March

3 min read . 24 Sep 2023

Axis Bank’s NEO for Business platform offers a wide array of Banking and Beyond Banking features. (REUTERS)

Axis Bank launches ‘NEO for Business’. What is it? Features, and other details

1 min read . 22 Sep 2023

RBI imposes monetary penalty on four co-operative banks (Photo: Reuters)

RBI imposes monetary penalty on four co-operative banks. Details here

1 min read . 21 Sep 2023

Digital rupee: CBDCs are inherently affordable as they would, eliminate financial barriers, offering a cost-effective means of conducting transactions, especially for those with limited cash.

Digital Rupee: How CBDC will boost financial inclusion

1 min read . 21 Sep 2023

Bank of Baroda enables UPI LITE: The maximum balance in the UPI LITE wallet at any point in time cannot exceed ₹2,000. (REUTERS)

How Bank of Baroda customers can enable UPI LITE to make instant payments

1 min read . 21 Sep 2023

RBI imposes monetary penalty on four co-operative banks (Photo: Mint)

RBI imposes monetary penalty on four co-operative banks. Details here

2 min read . 19 Sep 2023

At the end of the June quarter, of the 6,811 cases admitted in the NCLT, 3,034 cases were initiated by financial creditors, accounting for 45% of the cases.. (Mint)

Mint Explainer: Key trends shaping debt resolution under IBC

2 min read . 19 Sep 2023

Central banks face tougher phase in taming inflation, says BIS official (Mint)

Central Banks entering a new and tougher phase in their fight to tame inflation

1 min read . 19 Sep 2023

State Bank of India

Chocolates for defaulters! SBI mulls innovative way to ensure timely repayment

2 min read . 17 Sep 2023

Mastercard India names former SBI Chairman Rajnish Kumar as chairman

Former SBI Chairman's remuneration triples by joining these listed firms

1 min read . 15 Sep 2023

The New York-based bank JPMorgan opened new offices in Mumbai last month.

JPMorgan plans to back startups in India: Report

1 min read . 15 Sep 2023

GST on brand name usage baffles banks

2 min read . 14 Sep 2023

Ajay Sharma, head of commercial banking at HSBC India.

HSBC to boost startup funding across sectors

2 min read . 14 Sep 2023

RBI imposes monetary penalty on 4 co-operative banks (Photo: Mint)

RBI imposes monetary penalty on four co-operative banks. Details here

2 min read . 14 Sep 2023

Banks to now pay compensation for delaying property documents return

2 min read . 13 Sep 2023

UBS faces lawsuit over its takeover of Credit Suisse, as hundreds of individual shareholders plan to file a claim in Zurich’s commercial court. (REUTERS)

UBS's Credit Suisse takeover, 'deal of the century'?

3 min read . 13 Sep 2023

PSBs are keen on contracts for some positions owing to uncertainties in sector.

Banks seek contract CXOs to slash costs

2 min read . 13 Sep 2023

An individuals can also use this card for making retail and e-commerce payments, the SBI said

SBI launches ‘Nation First Transit Card’ for digital fare payments

1 min read . 07 Sep 2023