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Banking

Indian Banks Report Fraud Worth Rs 5.3 Lakh Crore in Past Decade, RBI Data Reveals

News Desk -
Indian banks have collectively reported frauds amounting to a staggering Rs 5.3 lakh crore over the last decade, as per data released by the...
Banking

RBI Advises Agency Banks to Keep Government Business Branches Open on March 31

News Desk -
In a recent announcement, the Reserve Bank of India (RBI) has advised agency banks to keep all their branches dealing with government business open...
Banking

Public Sector Banks Directed to Submit Three-Year Business Plans by March End

News Desk -
The Centre has directed Public-Sector Banks (PSBs) to submit comprehensive business plans outlining their strategies until the fiscal year 2026-2027 (FY27) by the end...
Banking

IEPFA, DBS Bank Signed MoU to Enhance Investor Awareness

News Desk -
To enhance investor protection and awareness initiatives, the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs (MCA) has inked...
Banking

Indian Banks Face Growth Slowdown and Profit Margin Amid Lagging Deposits

News Desk -
In the face of higher interest rates and tighter liquidity, Indian banks are navigating a challenging landscape marked by sluggish deposit growth and narrowing...
Banking

RBI Governor Warns Banks Against Complacency: Vigilance Urged

News Desk -
In a recent meeting with MDs and CEOs of both public sector banks and select private lenders, Reserve Bank of India (RBI) Governor Shaktikanta...
Banking

Top Banks Revise Loan Interest Rates, Check Now!

News Desk -
In the dynamic landscape of banking, February 2024 has seen several significant shifts in lending rates across various prominent banks. Here's a rundown of...
Banking

Bank of Maharashtra Records Highest Growth in Deposit Mobilisation Among PSU Banks in Q3

News Desk -
In a financial landscape marked by challenges, Bank of Maharashtra (BoM) has emerged as a standout performer among public sector lenders, recording the highest...
Banking

India Strives for Larger Financial Titans to Propel Economic Expansion

News Desk -
In a bid to meet the growing demands of its burgeoning economy and to position itself as the world's third-largest economy, India's Finance Minister,...
Banking

Direct Tax Collections Surge, Exceeding Expectations with 16.77% Growth

News Desk -
In a recent financial development, provisional figures of Direct Tax collections up to January 10, 2024, reveal robust growth, surpassing expectations. The data indicates...
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