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Business News/Industry/ Banking

Banking News

Bank holiday today: Banks will also be closed in the state's cities where December 31st has been designated as a public holiday. (Bloomberg)

Bank holiday today: Are banks closed on Tuesday, December 31?

1 min read . 07:08 AM IST

The share of borrowers availing loans from four or more lenders increased from 3.6% to 5.8% during the last three years from September 2021 to September 2024. (HT)

Share of stressed MFI assets, borrower indebtedness rises in H1: RBI report

3 min read . 30 Dec 2024

Unsecured loans such as credit card receivables and education loans have higher bad loan ratios of 2.2% and 2.7%, respectively, than other retail loans, as per RBI. (Mint)

RBI warns against spillover of unsecured loan stress

4 min read . 30 Dec 2024

Rajat Verma, currently the head of Institutional Banking Group (IBG) at DBS Bank India, will succeed Surojit Shome.

Rajat Verma to take over as DBS Bank India CEO in March 2025

2 min read . 30 Dec 2024

RBI stressed the need for regular compliance audits and IT training, as well as forensic preparedness and business continuity plans to strengthen resilience against technology-related incidents.

Majority of banks spend less than 10% on emerging tech: RBI survey

3 min read . 30 Dec 2024

RBI governor Sanjay Malhotra. (Reuters)

Confident India to drive economic growth in year ahead: RBI governor Malhotra

3 min read . 30 Dec 2024

Gross NPA or bad loans of Indian banks fell to a 12-year low mark in September 2024 driven by steady credit demand and falling slippage, said the RBI in its report.

Banks' NPA fall to 12-year low of 2.6%, bad loan ratio to worsen in 2026: RBI

4 min read . 30 Dec 2024

JPMorgan Chase benefited from sudden demand to hedge rates, foreign exchange and energy prices. (Photo: Timothy Mulcare for WSJ)

Why 2025 could be a great year for big banks

3 min read . 30 Dec 2024

The number of employees in public sector banks was at its peak in FY17 when they had a total of 857,500 staff. (Photo: AFP)

Headcount at state-owned banks slumps to lowest in 13 years, shows RBI data

3 min read . 29 Dec 2024

Are banks open or closed on Saturday, 28 December? (Bloomberg)

Bank holiday today: Are banks open or closed on Saturday, 28 December?

1 min read . 28 Dec 2024

The push for affordable home finance comes against the backdrop of increasing competition from banks in the prime housing space.

Mortgage financiers turn to affordable housing in hunt for higher yields, growth

7 min read . 28 Dec 2024

RBI has permitted UPI transactions via prepaid payment instruments using third-party apps
Photo: Pradeep Gaur/Mint

RBI allows UPI for prepaid payment instruments via third party applications

1 min read . 27 Dec 2024

Bank holiday today: Will there be a bank holiday today on Friday, December 27? (REUTERS)

Bank holiday today: Are banks closed on December 27, Friday? Know here

1 min read . 27 Dec 2024

RBI is also working on issuing final guidelines on the disclosure framework for climate-related financial risks. (Mint)

What RBI has in store for banks and NBFCs next year

3 min read . 26 Dec 2024

RBI H1FY2025 data showed that the digital fraud amounts witnessed an eightfold rise year-on-year. (HT)

Bank fraud cases rise 27% YoY in 2024; scams worth ₹21,367 crore logged: RBI

2 min read . 26 Dec 2024

The eight-member panel will be chaired by Pushpak Bhattacharyya, professor, department of computer science and engineering, IIT Bombay. (Photo: PTI)

RBI panel to study global regulations on AI, identify risks

2 min read . 26 Dec 2024

India’s largest lender SBI is scouting for an intellectual property rights firm to secure patents for innovations in AI and machine learning by its analytics department.

Lenders get serious on AI with in-house talent, outside help

4 min read . 26 Dec 2024

Bank holiday today: Banks across India will remain shut for Christmas celebrations.

Bank holiday today: Are banks closed on Wednesday, 25 December for Christmas?

1 min read . 25 Dec 2024

During the past ten years, changes in repo rates seem to have made little difference to vegetable price volatility.

Debate over excluding food inflation from monetary policy reaches MPC

5 min read . 25 Dec 2024

Christmas 2024 Bank holiday: December 24 is a bank holiday in several states. (Pixabay)

Christmas 2024 Bank holiday: Are banks open on 25 December?

1 min read . 24 Dec 2024

Banking Stocks

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₹1,307.15-1.01%

Punjab National Bank

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State Bank Of India

₹799.55-1.56%