Banking & Finance

The RBI on Friday came out with its ‘Payments Vision 2025’ document which seeks a three-fold jump in the number of digital payments, increase in debit card usage and less cash in circulation. The document also talks about ring-fencing…

RBI Governor Shaktikanta Das said that harsh recovery methods used by a few lenders is a serious area of concern for the central bank. He mentioned how certain regulated, as well as unregulated entities use unacceptable recovery methods…

While the state-owned Punjab National Bank (PNB) is in the process of selling its stake in Canara HSBC Oriental Bank of Commerce Life Insurance due to regulatory reasons, remaining shareholders Canara Bank and HSBC India are not planning…

The Reserve Bank of India (RBI) on Tuesday flagged instances of poor due diligence by banks while funding government-owned entities. As a corrective measure, the regulator has asked banks to compile comprehensive reports on the status of…

The government on Tuesday appointed Anand Mahindra, Venu Srinivasan, Pankaj Ramanbhai Patel and Ravindra Dholakia as part-time non-official directors on the central board of Reserve Bank of India (RBI). The appointment will remain valid…

IDBI Bank on Tuesday said it has raised interest rates by up to 25 basis points (bps) on retail term deposits of less than Rs 2 crore. The revised rates would be applicable across various tenors for domestic term deposits, non-resident…