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RBI raises withdrawal limit for City Co-operative Bank depositors to Rs.5,000

The Reserve Bank of India (RBI) has announced that it has raised the withdrawal limit for City Co-operative Bank depositors to Rs.5,000. This comes as a welcome relief...

Yes Bank to submit the name of new CEO and MD...

Yes Bank said that they will submit the final recommendation for the position of the Chief Executive Officer (CEO) and Managing Director (MD) of...

Government likely to push RBI to ease lending restrictions for banks...

The Government of India is likely to push the Reserve Bank of India (RBI) to ease the lending restrictions imposed on certain public sector...

Bank credit rises 14.88% for the fortnight ended November 9

The data released by the Reserve Bank of India (RBI) has revealed that bank credit for the fortnight ended November 9 increased by 14.88%...

Dena Bank expects the valuation report for the merger in the...

Dena Bank has begun an independent valuation regarding its proposed merger with two other state-based banks, the report of which is expected to be...

RBI to inject Rs.12,000 crore liquidity on November 15

The Reserve Bank of India (RBI) is planning to inject another Rs.12,000 crore into the system on November 15 through the purchase of government...

Allahabad Bank reports Q2 net loss of Rs.18.2 billion

With the public sector bank being put prompt corrective action (PCA) by the Reserve Bank of India, along with other PSBs that have reported...

UCO Bank’s woes deepen as NPAs soar

With a number of public sector banks in the country put under prompt corrective action (PCA) by the Reserve Bank of India, and the...

RBI to buy government securities worth Rs.12,000 crore on November 1

The Reserve Bank of India (RBI) is planning to inject Rs.12,000 crore into the system on November 1 to meet the country’s liquidity needs...

IDFC Bank to seek approval to rename itself IDFC First Bank...

IDFC Bank has recently proposed to rename itself as ‘IDFC First Bank Ltd.’, given that the lender is in the process of merging with...