SC Rejects FinMin’s Plea Against Citi, Standard Chartered Bank
On Wednesday, the Supreme Court rejected the Ministry of Finance‘s appeal alleging that Citibank and Standard Chartered Bank violated foreign exchange regulations and RBI guidelines...
Category : BANKING
Bank of Baroda to Raise Rs 2,500 Crore Via AT-1 Bonds
State-run Bank of Baroda said on August 22 that its board had approved raising funds through the issuance of Basel III-compliant Additional Tier 1 (AT-1)...
IDBI Bank Increases Fixed Deposit Interest Rates
With effect from August 22, 2022, IDBI Bank has increased the interest rates on fixed deposits across a range of tenors. On a few tenors,...
DICGC-Insured SFB Raises Interest Rates on Fixed Deposits Up To 8%
Fincare Small Finance Bank (SFB) has announced an increase in interest rates on fixed deposits under Rs. 2 crores. The DICGC-Insured Fincare, Small Finance Bank’s...
Interest Rates at IDFC First Bank for Fixed Deposits Under Two Million Rupees
Interest rates have increased for fixed deposits under Rs. 2 crores, according to private sector lender IDFC First Bank. According to the bank’s official website,...
HDFC Bank, Punjab National Bank Hikes Interest Rates on Fixed Deposits
Banks continued to raise fixed deposit rates on Thursday, including HDFC Bank and Punjab National Bank (PNB). While HDFC Bank raised rates by up to...
PNB Raises Interest Rates on Fixed Deposits Twice a Week: Now Increase to 6.1%
Public sector lender, Punjab National Bank (PNB) has once more announced an increase in interest rates for fixed deposits under Rs. 2 crores. According to...
Govt Gets RBI Nod for Structuring IDBI Stake Sale
The Reserve Bank of India (RBI) has agreed with the government to arrange the sale of IDBI’s stake. All issues related to the structure of...
Axis Bank Launches One-Stop Cash Management Solution
First-of-its-kind enterprise digital banking solution Simplify and automate accounts receivable reconciliation Simplify and automate accounts receivable reconciliation to accelerate cash flow and reduce business costs....
Yield Rise Erodes Bank Profits in Q1, SBI worst hit, Canara Gains
A jump in bond yields during the June quarter of 2022 negatively impacted all large lenders. Of eight major banks, only two have escaped losses....