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Banking
Narayanan Vaghul cremated in Chennai, industry doyens pay last respects to veteran banker
Vaghul was cremated at a city crematorium, after industry titans including Ajay Piramal and R Seshasayee paid their respects to the departed veteran.
3 hours ago
Narayanan Vaghul cremated in Chennai, industry doyens pay last respects to veteran banker
3 hours ago
Banking industry doyen N Vaghul dies at 88
Vaghul, who held many leadership positions in the banking industry, is credited with transforming ICICI from a public finance institution to a private sector bank in his 11-year stint as the chairman and managing director, starting in 1985.
18 May 2024, 11:52 IST
Banking industry doyen N Vaghul dies at 88
18 May 2024, 11:52 IST
Yes Bank Q4 profit doubles to Rs 452 cr, reports higher stress in unsecured advances
The private sector lender benefitted from write-back on income tax and interest on income tax returns, but the profits were limited by its inability to comply with the mandatory priority sector lending (PSL) requirements, its management said.
27 April 2024, 12:23 IST
Yes Bank Q4 profit doubles to Rs 452 cr, reports higher stress in unsecured advances
27 April 2024, 12:23 IST
How a faltering Kotak Mahindra Bank exposes pitfalls of India’s tech ambition
On Thursday evening, a glitch in ICICI Bank Ltd.’s app exposed data on about 17,000 new credit card customers. State lender Union Bank of India Ltd.’s customers recently aired similar grievances on social media, including an inability to use the bank’s app, netbanking or UPI for transactions for several hours. In 2020, HDFC Bank Ltd. was punished by the RBI after outages in its digital banking offerings.
26 April 2024, 09:22 IST
How a faltering Kotak Mahindra Bank exposes pitfalls of India’s tech ambition
26 April 2024, 09:22 IST
HDFC Bank's Q4 profit rises 2.11% to Rs 17,622.38 crore
The bank also reported a core net interest margin of 3.44 per cent on total assets.
20 April 2024, 10:00 IST
HDFC Bank's Q4 profit rises 2.11% to Rs 17,622.38 crore
20 April 2024, 10:00 IST
Kotak Mahindra customers face troubles as bank servers get impacted
The lender's customers started facing difficulties in completing transactions like UPI payments, money withdrawals, and also accessing online banking in the morning and took to social media to voice their issues.
15 April 2024, 16:39 IST
Kotak Mahindra customers face troubles as bank servers get impacted
15 April 2024, 16:39 IST
PM bats for studying newer banking structure to fund credit needs of projects for India's future
The PM said the banking industry needs to move forward to ensure that it can fund the credit needs of the projects necessary for the country's future growth.
01 April 2024, 09:14 IST
PM bats for studying newer banking structure to fund credit needs of projects for India's future
01 April 2024, 09:14 IST
RBI imposes Rs 59.90 lakh penalty on Nashik's Janalaxmi Cooperative Bank
The bank had failed to constitute a board of management within the extended timeline granted by RBI, sanctioned credit to nominal members in excess of prescribed limit, and opened/renewed term deposits at higher interest rates than SBI.
26 March 2024, 15:38 IST
RBI imposes Rs 59.90 lakh penalty on Nashik's Janalaxmi Cooperative Bank
26 March 2024, 15:38 IST
Banks need more credit officers
If banks are lending more, they will earn more. Thus, it can be easily said that a bank's credit portfolio is the source of its bread and butter. So, banks want this portfolio to be strong, qualitatively and quantitatively.
05 March 2024, 00:18 IST
Banks need more credit officers
05 March 2024, 00:18 IST
Paytm gets merchants' backing; assures service continuity without disruption
'We assure our users and merchant partners that the Paytm app and services continue to operate at full capacity,' the company said in a blog on Sunday.
11 February 2024, 15:08 IST
Paytm gets merchants' backing; assures service continuity without disruption
11 February 2024, 15:08 IST
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