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It was pleaded that the respondents be restrained from backing out of the restructuring scheme by issuing the communication dated 13 July 2020. Photo: Pradeep Gaur/Mint

HC restrains Canara Bank from taking coercive action against a MSME

1 min read . 08:30 PM IST
Axis Bank is offering special interest rates on home loans, auto loans, gold loans and business loans (Bloomberg)

Axis Bank festive offer: Home loans starts at 6.9%, auto loans from 7.99%

2 min read . 04:25 PM IST
Former Reserve Bank of India Deputy Governor Viral Acharya (Reuters)

India must not repeat mistake of neglecting bank recapitalisation: Viral Acharya

1 min read . 19 Oct 2020
SBI lowered its term deposit rates in the one-two year bracket by 20 bps last month.

High inflation, low interest rates hit household savings

2 min read . 19 Oct 2020
The shadow bank sector could again see more improvement ahead after more support for credit markets in recent weeks.

NBFCs recovery stalls in India as loan fears resurface

1 min read . 19 Oct 2020
Sashidhar Jagdishan will replace India’s longest-serving CEO Aditya Puri. (MINT_PRINT)

Meet Sashidhar Jagdishan, new CEO of HDFC Bank who will take charge this month

2 min read . 17 Oct 2020
Customers can avail special offers on other banking products including savings accounts, debit and credit cards and no-cost EMI payments (MINT_PRINT)

Kotak Mahindra Bank offer: Home loans start at 7%, attractive rate on car loans

2 min read . 17 Oct 2020
HDFC Bank consolidate net profit for the quarter increased 16% year-on-year to 7,703 crore in Q2

HDFC Bank Q2 results: Net profit jumps 18.4% to ₹7,513 crore, NII rises 16.7%

2 min read . 17 Oct 2020
International Monetary Fund (IMF) Managing Director Kristalina Georgieva (REUTERS)

IMF urges policymakers to avoid premature withdrawal of support for the economy

2 min read . 16 Oct 2020
IDBI Bank aims at creating ease of accessibility and convenience for its customers, said Rakesh Sharma, MD & CEO. Photo: Mint

IDBI Bank launches banking services on WhatsApp for seamless customer experience

1 min read . 16 Oct 2020
Union Bank of India chief executive officer Rajkiran Rai G. (Aniruddha Chowdhury/Mint)

Union Bank of India CEO Rajkiran Rai is new chairman of IBA

1 min read . 16 Oct 2020
Photo: Aniruddha Chowdhury/Mint

RBI to purchase state government bonds through auction next week

1 min read . 16 Oct 2020
The NBFC’s AUM is ₹140 crore, while the reported figure was ₹391 crore, covered by fictitious deposits.

Odisha-based NBFC faces ₹251-crore fraud

2 min read . 16 Oct 2020
Sambandh Finserve Private Limited, with debt of ₹433 crore, is undergoing an internal investigation as ordered by its board.

An Odisha-based micro lender at the centre of a ₹251 crore loan fraud

2 min read . 15 Oct 2020
The Reserve Bank of India (RBI) appointed a three-member team to run the bank under Meeta Makhan as chairperson (Hindustan Times)

Lakshmi Vilas Bank board approves raising up to ₹500 crore via rights issue

1 min read . 15 Oct 2020
In March, RBI allowed a three-month moratorium on repayment of all term loans due between 1 March and 31 May.

SC: Implement waiver by 2 Nov

3 min read . 15 Oct 2020
On January 4, the Supreme Court had said that further orders in the matter would be passed on January 10 by “the appropriate bench, as may be constituted”. Photo: Pradeep Gaur/Mint

Implement interest on interest waiver scheme at the earliest: SC to govt

2 min read . 14 Oct 2020
The RBI has set 1 March as a reference date for deciding the eligibility of borrowers under the new resolution framework. Photo: Aniruddha Chowdhury

Loans where overdues repaid after 1 March ineligible under recast window: RBI

2 min read . 14 Oct 2020
A man counts rupee notes inside a shop in Mumbai, August 13, 2018. REUTERS/Francis Mascarenhas/Files (REUTERS)

Gross NPAs of banks may jump to 11.5% by end of FY21: Care Rating

1 min read . 14 Oct 2020
Lender is looking for a candidate who can steer the bank during a critical phase of recovery during challenging times

Dhanlaxmi Bank begins search for new chief executive

2 min read . 15 Oct 2020

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