Category : Banking


PSU Banks Record ₹49,456 Cr Profit in Q2

India's public sector banks achieve historic quarterly profits with 9% growth, driven by reduced bad loans and improved interest income. Discover how state-owned lenders are transforming their financial landscape.

World's First Cashless Society Revealed

Discover how one nation has completely eliminated physical currency, creating a revolutionary digital payment ecosystem that's transforming daily life and economy.

RBI Dividend to Offset GST Revenue Loss: Report

New analysis reveals RBI's increased dividend payout could compensate for potential revenue shortfalls from GST rationalization in the upcoming fiscal year, providing fiscal cushion for government.

Credit-Deposit Ratio Breaches 80% in Festive October

India's banking sector witnesses robust credit growth as festive demand drives loan disbursements, pushing the credit-deposit ratio beyond 80% for the first time in recent history, according to CAREEdge Ratings analysis.

Court: No Interest on Recovered Mallya Funds

In a landmark judgment, Karnataka High Court rules banks cannot charge interest on already recovered amounts from Vijay Mallya's defunct Kingfisher Airlines, setting a crucial precedent for banking recovery practices.

Karnataka farmer's land sold by bank without knowledge

In a startling case from Karnataka's Koppal district, a farmer discovers his mortgaged agricultural land was auctioned by a bank without his knowledge, raising serious questions about banking transparency and farmer rights.

ED Raids Mumbai Over IPO Fund Fraud Scam

Enforcement Directorate conducts sweeping searches across Mumbai locations in major crackdown on alleged ₹30 crore IPO fund diversion scam. Key suspects under scanner for money laundering activities.

Indian Bank MD Backs Jharkhand's Economic Growth

Indian Bank's Managing Director Binod Kumar commits to accelerating Jharkhand's economic development through enhanced banking services, digital transformation, and robust credit support for key sectors.

RBI rejects Maharashtra's asset reconstruction company licence

In a major setback for the Maharashtra government, the Reserve Bank of India has rejected the licence application for the state's proposed asset reconstruction company, dealing a blow to efforts aimed at tackling the massive ₹1 lakh crore stressed loans.

SBI Launches Single Window KYC via YONO App

State Bank of India announces groundbreaking single window KYC system through YONO app, eliminating repetitive verification processes and enhancing digital banking convenience for millions of customers.

GST Cut Boosts Bajaj Finance Loans by 27%

Bajaj Finance reports massive 27% growth in festive loan disbursements following GST reduction on consumer goods. Discover how tax cuts are driving consumer spending this festive season.

SBI Clerk Prelims 2025 Results Declared

State Bank of India has officially announced SBI Clerk Prelims 2025 results. Discover if you've qualified for mains, download scorecards, and learn crucial next steps for your banking career.

WeBank Debuts at Hong Kong FinTech Week 2025

Chinese fintech giants WeBank and WeBank Technology Services showcased groundbreaking digital banking innovations at Hong Kong FinTech Week x StartmeupHK Festival 2025, highlighting Asia's growing fintech dominance.

RBI Intervenes Again: Rupee Saved From Record Low

The Reserve Bank of India intervenes forcefully to prevent the rupee from hitting historic lows against the US dollar. Discover how India's central bank is battling currency pressures and what it means for the economy.

RBI Gold: Economic Shield or False Security?

Explore the controversial role of India's massive gold reserves as the RBI's safety net. Is the glittering metal truly protecting the economy or creating dangerous illusions?

Fitch upgrades Adani Ports outlook to stable

Fitch Ratings upgrades Adani Ports' outlook to stable, highlighting diversified funding sources and robust financial management as key strengths following US investigation developments.

Bank CEO: All Money Will Be Tokenized in Future

Bill Winters, CEO of Standard Chartered, makes bold prediction about future financial transactions. Discover how tokenization will transform global money movement and what it means for India's digital economy.

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