Banks

Bank of Baroda becomes second public sector lender to hit ₹1 lakh crore market cap Albeit briefly, the bank became the second PSB to clock in ₹1 lakh crore in market value. India’s largest bank, SBI, has a market cap of over ₹5 lakh…

World Bank offers dim outlook for global economy; has slightly better outlook for Indian economy The World Bank in its outlook today (June 6) said that even though the global economy is likely to fall sharply this year, the Indian economy…

India's Russia oil imports jumped tenfold in 2022, bank says India's imports of Russian oil rose tenfold last year, according to Indian state-controlled lender Bank of Baroda. The figures show Asia's third largest economy saved around…

RBI tells banks to complete transition from LIBOR by July New transactions are now predominantly undertaken using SOFR and the Modified Mumbai Interbank Forward Outright Rate (MMIFOR), the central bank said. SOFR is considered a more…

Credit growth momentum may continue in FY24, say lenders In the fiscal ended March 31, 2023, bank credit registered a growth of 15 per cent compared to 9.6 per cent in FY2021. In the previous year, the overall growth in bank credit was…

Axis Bank informs it has Nil outstanding from Go Airlines According to Reuters, Go First owes Rs 652.1 crore ($798 million) to Central Bank of India (CBI.NS), Bank of Baroda, IDBI Bank, and Deutsche Bank are among Go First's financial…

Bandhan Bank issues clarification on reports questioning business procedure for lending Bandhan Bank has responded to an article published by BQ Prime by providing clarification and refuting the allegations made in the article. In an…

First Citizens Bank to buy all deposits, loans of SVB, says FDIC The 17 former branches of Silicon Valley Bridge Bank will open as First–Citizens Bank on Monday, March 27, 2023, the FDIC said in a press release. First Citizens Bank…

Cong gives suspension of business notice in RS over LIC's investment issue Congress MP Ranjeet Ranjan on Tuesday gave suspension of business notice under Rule 267 in Rajya Sabha to discuss the issue of investment by LIC, Public…

World Bank warning: Global economy is at risk of recession The impact of a global downturn would fall particularly hard on poorer countries in such areas as Saharan Africa, where the World Bank predicts per capita income will grow just 1.2…