Banking

CIBIL, SIDBI, Online PSB loans launch MSME Rankings

With the intent of deepening credit flow to small businesses and also helping lenders avoid loan losses on such bets, credit information company TransUnion Cibil launched a ranking system for MSME borrowers. The 'FIT Rank' launched by TransUnion Cibil in association with Online...

RBI’s Revised Bank Locker Rules to Come Into Effect from 1st of January

The Reserve Bank of India (RBI) recently said that all leading banks should issue the locker agreement to its holders before January 1, 2023, as the new locker rules will be implemented from that date.  Earlier, the RBI had announced revised...

HDFC borrows USD 400 million from IFC for financing green affordable housing

HDFC borrows USD 400 million from IFC: As part of their efforts to promote climate goals, the International Finance Corporation (IFC) has provided a loan to mortgage giant HDFC in the amount of USD 400 million for the financing of...

HDFC Securities Launched Investor Education Platform ‘Roots’

Stock brokerage firm HDFC Securities has launched Roots, a dedicated platform providing comprehensive investor education and market analysis. The site offers multiple forms of valuable information, including articles, bite-sized tips, podcasts by experts, video tutorials and explainers, and live social...

IDFC FIRST Bank launched ZERO Fee Banking savings accounts

IDFC FIRST Bank has declared ZERO Fee Banking on savings accounts and waived fees on multiple banking services, including Passbook charges, NEFT charges. The bank said that customers maintaining as low as Rs 10,000 Average Monthly Balance, and the Rs...

599th Meeting of Central Board of the Reserve Bank of India

The 599th meeting of the board was held in Kolkata on December 16. The meeting was chaired by RBI Governor Shaktikanta Das. Buy Prime Test Series for all Banking, SSC, Insurance & other exams Attendees Of The Meeting: Directors of...

HDFC Bank Partners with Startup India for Parivartan SmartUp Grants

HDFC Bank announced the launch of its sixth annual grants program for social startups in partnership with the Government of India’s flagship initiative ‘Startup India’. Known as Parivartan SmartUp Grants, the program aims to identify startups working in the social...

BoB Proposes to Sell Its Majority Stake in Nainital Bank

State-owned Bank of Baroda (BoB) said it plans to sell its majority stake in Nainital Bank. The board of directors of the bank has approved divestment of its majority shareholding in Nainital Bank Limited (NBL), and authorised issuance of an...

SBI Wrote Off Rs 1.65 Lakh Crore Loans in Last Four Fiscal Years

Banks have written off bad loans worth ₹ 10,09,511 crore during the last five financial years, Finance Minister Nirmala Sitharaman informed Parliament. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of...

RBI Shortlists 7 Global Consultancy Firms to Use AI, ML to Improve Regulatory Supervision

In its bid to extensively use advanced analytics, artificial intelligence and machine learning to analyse database and improve regulatory supervision over banks and NBFCs, the Reserve Bank of India (RBI) is mulling over to hire external experts. Buy Prime Test Series for all Banking,...