Banks

 Expanding the scope of resolving the issue of non-performing assets (NPA) to other regulated entities, extending the time for Urban Cooperative Banks (UCB) to achieve the target for priority sector lending, internationalisation of Rupay cards are some of the...

 In March 2023, soon after the collapse of US-based tech industry-oriented Silicon Valley Bank (SVB), Signature Bank, a leader in crypto currency deposits, met the same fate. The failure of the Signature Bank has been largely attributed to the contagion...

Collapsed banking giant Credit Suisse says 61.2 billion Swiss francs ($68.6 billion) left the bank in the first three months of the year. The announcement gives an insight into the scale of the bank run that caused the 167-year-old lender...

Troubled banking giant Credit Suisse says it will borrow up to $54 billion from the Swiss central bank to shore up its finances. The lender said it was taking decisive action to strengthen its liquidity as it looked to...

Even as the commercial banks are increasing their interest rates on select deposits, the risk premia over their core funding cost are not factored in the credit risk, said a top economist of State Bank of India (SBI). In a...

 Elon Musk's antics have made life tough for banks that are helping finance his takeover of Twitter, the media reported. According to a report in the Wall Street Journal citing sources, Morgan Stanley, Bank of America and Barclays are finding...

The gross non-performing assets (NPA) of the banks is expected to improved 90 basis points on-year to 5 per cent this fiscal year and another 100 basis points to a decadal low of 4 per cent by next fiscal,...

State Bank of India (SBI) plans to raise up to Rs 7,000 crore, which includes Rs 5,000 crore in greenshoe through Basel-III Additional Tier-I bonds, market participants said. Bidding for the bonds will take place on Wednesday between 11 a.m....

Banking frauds have taken varied dimensions with the passage of time. With the advent of digital age and online transactions, however, fraudsters too have upgraded their skills and latched on to innovative methods to rob unsuspecting people of their...

New Delhi: Lending major Housing Development Finance Corporation (HDFC) has increased its Retail Prime Lending Rate (RPLR) on housing loans -- on which its Adjustable Rate Home Loans (ARHL) are benchmarked -- by 50 basis points. The new rate will...