Banking

The sharpest increase in wilful defaults among public sector banks was at loss-making IDBI Bank. (Mint)

Wilful defaults rising in India despite threat of new bankruptcy law

2 min read . 22 Feb 2019

The credit card, as part of Apple Pay, would contribute to Apple’s growing services segment. (AFP)

Apple, Goldman said to test joint credit card within weeks

1 min read . 22 Feb 2019

Renewed US sanctions on Iran revive fortune of this Kolkata-based bank

Renewed US sanctions on Iran revive fortune of this Kolkata-based bank

2 min read . 22 Feb 2019

Monetary transmission in India has remained famously sticky with RBI’s rate action taking a long time to feed into the banking sector’s lending and deposit rates. (Pradeep Gaur/Mint)

Look at new external benchmarks for floating rate loans, RBI tells IBA

3 min read . 22 Feb 2019

Loans against pledged shares can affect the health of the financial system and pose a risk to retail investors, RBI says in its financial reports of December 2013 and December 2014. (Aniruddha Chowdhury/Mint)

Banks, NBFCs ignored RBI caution on loans against pledged shares

3 min read . 21 Feb 2019

Reserve Bank of India governor Shaktikanta Das. (Reuters)

Banks seek time to pass benefits of RBI repo rate cut to borrowers

2 min read . 22 Feb 2019

RBI governor Shaktikanta Das (centre) with members of the monetary policy committee. Das has downplayed inflation concerns and hinted at more rate cuts. (ANI)

RBI MPC minutes: Spurring GDP growth now a priority amid low inflation outlook

2 min read . 21 Feb 2019

It expects state-run banks' capital shortages to shrink substantially in FY20 as their asset quality improves.

'Despite massive capital infusion, full turnaround still at least 2 years away'

2 min read . 21 Feb 2019

The recapitalisation would enhance the lending capacity of PSBs (Bloomberg)

PSBs surge on govt’s capital infusion announcement

2 min read . 21 Feb 2019

Corporation Bank, Allahabad Bank next in line for PCA exit

Corporation Bank, Allahabad Bank next in line for PCA exit

1 min read . 20 Feb 2019

Reserve Bank of India Governor Shaktikanta Das (Mint)

RBI governor to meet bank CEOs today on rate transmission

1 min read . 21 Feb 2019

Merger of Vijaya Bank and Dena Bank with BoB to be effective from 1 April

1 min read . 20 Feb 2019

Kotak Mahindra Bank CEO and MD Uday Kotak (Photo: Mint)

Technology giants have no business in banking, says Uday Kotak

1 min read . 20 Feb 2019

The ₹48,239 crore fund infusion in 12 PSU banks is over and above the ₹65,000 crore earmarked for them at the begining on 2018-19. (Bloomberg)

12 PSU banks to get ₹48,000 crore more in FY19 as part of bank recap plan

2 min read . 21 Feb 2019

Shutting out foreign funds hurts India bad-debt market: BofA

Shutting out foreign funds hurts India bad-debt market: BofA

1 min read . 20 Feb 2019

Jet Airways bailout puts focus on India banks' debt-to-equity losses

Jet Airways bailout puts focus on India banks' debt-to-equity losses

1 min read . 20 Feb 2019

After the disclosure on 13 February, Yes Bank shares gained 28.96% to ₹218 on 14 February. (Mint)

Can't share divergence report in full without RBI nod, Yes Bank says

1 min read . 20 Feb 2019

As of 31 December 2018, Manappuram Finance had 4,134 branches in India. (Ramesh Pathania/Mint)

IFC plans debt investment of $75 million in Manappuram Finance

1 min read . 19 Feb 2019

RBI to inject ₹12,500-crore liquidity via OMOs on Thursday

1 min read . 19 Feb 2019

CIC pulls up RBI for non-disclosure of demonetisation records

1 min read . 18 Feb 2019