Banking

GST Council recommends removal of arrest provisions, other reforms

Next-Gen reforms made as per recommendations of the GST Council in its 56th meeting last year had focussed on rate rationalisation and reduction of...

AI-related investment support global economic activity: RBI

However, it warned that the downside risk also originates from potential sharp corrections in AI-related asset valuations which pose contagion risks to global financial...

Reactions to RBI Monetary Policy

“This move is aimed at anchoring inflation expectations while maintaining macroeconomic stability. Although the increase in the repo rate will play some part in...

Indian Bank’s Q1 net up 24% to ₹2,973 cr

The bank’s net profit grew by 24% to ₹2,973 crore when compared with ₹2,403 crore in the year-ago period, supported by higher income and...

HK branch of IOB draws ire

In a regulatory filing with the stock exchanges under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank disclosed that HKMA found contraventions...

Gross NPA of PSB drops sharply

Gross NPAs decreased from ₹6.16 lakh crore in March 2021 to ₹2.83 lakh crore by March 2025, reflecting a consistent improvement in asset quality...

IOB reports record net profit in Q1

IOB delivered its best-ever quarterly net profit, sustained strong growth in the retail and agriculture segments, significantly improved asset quality, and maintained a robust...

IOB cuts MCLR by 10 basis points

The decision follows a recent review by the bank’s Asset Liability Management Committee (ALCO), which convened on July 14, said a statement. The revised MCLR...

We are stronger now, says HDFC Bank MD

Deposits grew 2.5 times faster than loans during the year—a deliberate move aimed at lowering the credit-to-deposit (CD) ratio and reducing reliance on high-cost...

IOB launches ‘Easy Plot’ loan scheme

The newly launched scheme offers structured financing for the purchase of residential plots approved by central or state development authorities, statutory bodies, or reputed...

Credit guarantee to benefit more

Credit guarantee scheme beneficiaries to triple by 2029: Union Minister The Micro, Small and Medium Enterprises (MSME) sector continues to play a pivotal role in...

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GST Council recommends removal of arrest provisions, other reforms

Next-Gen reforms made as per recommendations of the GST...

AI-related investment support global economic activity: RBI

However, it warned that the downside risk also originates...

Reactions to RBI Monetary Policy

“This move is aimed at anchoring inflation expectations while...

Rate Cuts are off the table: RBI Governor

The Monetary Policy Committee (MPC) of RBI on Wednesday...

Rising inflation leaves little option for RBI

With central banks across the globe hiking the interest...