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RBL Bank raises $100 million from bonds

RBL Bank said it raised $100 million through its first issuance of Base III-complaint unsecured and subordinated tier 2 bonds. The tier 2 bond...

NABARD reports 38 percent increase in its financial support in Bihar in FY 2021-22

The National Bank of Agriculture and Rural Development (NABARD) has provided financial support amounting to Rs. 9,836 crore in Bihar in FY 2021-22, an...

Bank of Maharashtra inks MoU with Ministry of Science and Technology

Bank of Maharastra has signed a memorandum of understanding (MOU) with the Ministry of Science and Technology for operating a Central Nodal Agency (CNA)...

Sitikantha Pattanaik and Rajiv Ranjan appointed as Executive Directors by RBI

The Reserve Bank of India (RBI) today has appointed Rajiv Ranjan and Sitikantha Pattanaik as their Executive Directors, effective from May 01, 2022. Rajiv Ranjan...

SBI raises interest rates on bulk term deposits

On Tuesday, the State Bank of India hiked the interest rates on many bulk term deposits by 40-90 basis points. The revised interest rates...

Bank of Maharashtra, Karur Vysya Bank hiked lending rates

Bank of Maharashtra and Karur Vysya Bank on Monday announced a hike in their marginal cost of funds-based lending rate (MCLR). Bank of Maharashtra...

HDFC Bank raised MCLR

Since the Reserve Bank of India raised the repo rate, several banks have hiked interest rates. Following the trend, private lender, HDFC Bank has...

Punjab National Bank raises lending rate by 40 bps

Punjab National Bank (PNB) announced on Friday that it has increased its external benchmark linked lending rate by 0.40 percent to 6.90 percent, which...

Indian Bank introduces digital broking solution

The Indian Bank has launched a digital broking solution, E-Broking that allows the customers to open a Demat and trading account. This initiative is...

PM Modi likely to inaugurate 75 digital banks on August 15

To commemorate 75 years of India's independence, Prime Minister Narendra Modi will launch 75 digital banking units (DBUs) across 75 districts on August 15....

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