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BANKING AND FINANCE NEWS - Page 2
Debt on Plastic: Credit card delinquencies surge 44% to Rs 33,886 crore amid rising consumer spendingSubscriber Only
July 28, 2025 05:20 IST
These trends signal both short-term and long-term stress in the unsecured credit market, especially as consumers lean heavily on plastic for everyday and discretionary spending.
Nagaraju asks banks to raise capital, lend more
July 26, 2025 03:55 IST
'Banks and financial institutions need to explore and expand various avenues of raising capital'
Free UPI has borne good fruits, but cost of service has to be paid: RBI Governor Sanjay MalhotraSubscriber Only
July 25, 2025 22:42 IST
The Indian government has repeatedly rejected talk of a fee being charged on UPI transactions in the future.
RBI repo rate cut transmission: Public sector banks ahead of private lenders in lowering ratesSubscriber Only
July 24, 2025 12:30 IST
The savings deposit rates of some PSBs are prevailing at a historical low, since their deregulation in 2011, the ‘State of Economy’ article published in the RBI’s July bulletin said.
Public sector banks wrote-off Rs 12.08 lakh crore loans since FY16 | check bank-wise dataSubscriber Only
July 23, 2025 19:30 IST
PSB Loan Write Off India: Public sector banks (PSBs) have written off loans worth Rs 12.08 lakh crore since FY16. In a written reply to Rajya Sabha on July 22, MoS for Finance Pankaj Chaudhary said that such write-off does not result in waiver of liabilities of borrowers and therefore, it does not benefit the borrower.
RBI’s record banking system fund infusion is not boosting loan growthSubscriber Only
July 20, 2025 07:49 IST
NOMURA sees loan growth falling to 7-8% by March 2026
RBI bans foreclosure charges on floating rate loans to MSEs: How will it benefit small businesses?Subscriber Only
July 3, 2025 16:47 IST
The RBI said its supervisory reviews have indicated divergent practices amongst regulated entities with regard to levy of pre-payment charges in case of loans sanctioned to MSEs which lead to customer grievances and disputes.
Odisha curbs on HDFC, ICICI and Axis Bank: Pvt lenders under scanner for poor show in govt schemesSubscriber Only
June 26, 2025 06:47 IST
According to a letter issued by Saswata Mishra, Principal Secretary of the Finance Department, Odisha government, the decision was driven by the banks' "consistently poor performance" in key flagship schemes over the past two financial years, along with "generally unsatisfactory banking parameters".
HDFC Bank CEO moves Bombay HC to quash FIR based on Lilavati Trust’s complaint over ‘Rs 2 crore bribe’
June 19, 2025 01:23 IST
The FIR filed by Lilavati Kirtilal Mehta Medical Trust was baseless and malicious, HDFC Bank CEO Sashidhar Jagdishan claimed.
HDFC Bank says it has commenced legal action against Lilavati Trust over loan default issueSubscriber Only
June 12, 2025 05:12 IST
The Trust had last week called for the suspension and prosecution of HDFC Bank MD and CEO Sashidhar Jagdishan, accusing him of involvement in a series of financial frauds concerning the Trust.
India ‘shared deep concerns’ on ADB’s $800-mn loan to PakistanSubscriber Only
June 5, 2025 04:12 IST
ADB on Tuesday approved a $800 million programme to strengthen fiscal sustainability and improve public financial management in Pakistan.
EPFO head office flags ‘exceptionally high’ rejection of higher pension applicationsSubscriber Only
May 29, 2025 05:28 IST
EPFO has issued 3.68 lakh demand orders, 34,500 PPOs as of March 31
Student remittances under LRS in FY2025 lowest in five yearsSubscriber Only
May 24, 2025 07:56 IST
Student remittances had peaked at $4.98 billion in FY2019-20, just before the pandemic, when Indian students were flocking to foreign universities in large numbers.
RBI Board reviews Economic Capital Framework; dividend to govt may rise up to Rs 3 lakh croreSubscriber Only
May 16, 2025 04:26 IST
The central board of the RBI is likely to meet on May 23 to determine the dividend amount to be transferred to the government for FY25, in line with the revised Economic Capital Framework.
Audit firm hints at insider trading by former IndusInd Bank officialsSubscriber Only
May 8, 2025 22:36 IST
"Considering that employees had knowledge of incorrect accounting and/or its impact but traded in shares of IBL during the period may also require a determination from an insider trading perspective," it said.
Overseas remittances by Indians under LRS were down 29% in February to $1,964.21 mn: Here’s whySubscriber Only
April 27, 2025 12:38 IST
RBI data shows that remittances for investment in equity and debt spurted to $173.84 million in February from $104.98 million in the previous month.
One third of digital payments in India driven by credit cards and EMIs, says surveySubscriber Only
April 13, 2025 08:01 IST
These findings come amid tightening regulatory measures aimed at curbing rising consumer credit and growing household debt, which is increasingly fuelling consumption rather than asset creation.
Savers & depositors, brace for a cut in deposit ratesSubscriber Only
April 10, 2025 14:22 IST
The weighted average domestic term deposit rates (WADTDRs) on fresh and outstanding deposits increased by 253 bps and 199 bps, respectively, during the recent tightening cycle, i.e., May 2022 to January 2025.
Credit card defaults up 28% last year, touched Rs 6,742 croreSubscriber Only
April 7, 2025 07:36 IST
The RBI data shows that gross NPAs rose from Rs 5,250 crore in December 2023 to the current level, a rise of nearly Rs 1,500 crore, amid a slowdown in the economy.
India’s forex reserves snap 3-week gaining streak
February 21, 2025 21:05 IST
The reserves fell by $2.54 billion in the reported week, the most in a month. The reserves had risen by a total of $14.3 billion in the prior three weeks.
Defending rupee: RBI forward dollar sales touch $67.93 billion as of Dec 31Subscriber Only
February 21, 2025 07:25 IST
In the spot market, the RBI’s dollar sales stood at $45 billion in the third quarter—$15.15 billion in December 2024, $20.22 billion in November and $9.27 billion in October—while it bought dollar worth $9.63 billion in September 2024, according to RBI data.
Small savings schemes likely to see a rate cut in Q1 FY26Subscriber Only
February 8, 2025 22:25 IST
The interest rates on various small savings schemes undergo a quarterly review and the rates for the next quarter (April-June) will be announced by March-end.
RBI Governor Sanjay Malhotra flags rise in digital fraudsSubscriber Only
January 28, 2025 16:36 IST
The RBI Governor’s caution came amid the rise in digital frauds in the banking sector in the last two years.
RBI Ombudsman scheme sees 32.81% surge in bank customer complaints to 9.34 lakhSubscriber Only
January 25, 2025 22:48 IST
85,281 complaints about loans & advances, 42,239 about credit cards
ICICI Bank’s Q3 net profit jumps 14.8% to Rs 11,792 cr
January 25, 2025 22:46 IST
The bank’s net interest income (NII) rose 9.1 per cent year-on-year to Rs 20,371 crore in Q3 FY2025 from Rs 18,678 crore in the year-ago period.
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