American banking major Citibank on Wednesday committed an additional Rs 200 crore to support COVID-19 relief measures in India. The Rs 200 crore amount will be spent over the next three financial years, and a sum of Rs 75 crore will be allocated towards immediate medical and humanitarian needs, Read More
With digital transactions gaining traction amidst rising COVID cases, the country's biggest lender SBI has cautioned its customers to be alert against fraudsters and not to download any app from an unknown source.
The lender also asked its customers not to respond to unsolicited offers, however attractive, received through e-mails, Read More
The board of is cognisant of succession planning and will take a call at the appropriate time, Asia’s richest banker Uday Kotak said on Monday. Kotak who’s tenure as the chief of Kotak Mahindra Bank would end in December 2023 after RBI capped tenure of private bank CEOs, Read More
is breaking ranks with the industry in bad loans resolution as it would not sell any default loans to the newly proposed National Asset Reconstruction Company (NARC) as it believes it would be able to recover more than the proposed bad debt agregator.
At the same time the bank Read More
Yes Bank's rescue act in early March 2020 happened in the nick of time ahead of the COVID-19 pandemic, and even a 15-day delay in it would have meant great difficulty for a lender about to close down, its new managing director and chief executive Prashant Kumar said.
Speaking for Read More
The Reserve Bank has decided to review and strengthen the Risk Based Supervision (RBS) of the banking sector with a view to enable financial sector players to address the emerging challenges.
The RBI uses the RBS model, including both qualitative and quantitative elements, to supervise banks, urban cooperatives banks, non-banking Read More
has reiterated its cautious view on business even as it expects a better chance of economic revival due to increasing pace of vaccinations, normal monsoons and pent up demand for key business segments like vehicle loans.
CEO Sumant Kathpalia said the bank continues to remain cautious despite an improvement Read More
As part of the CSR initiative, the country's largest lender State Bank of India has decided to set up makeshift hospitals with ICU facilities for COVID-19 patients in some of the worst affected states. The bank has already earmarked Rs 30 crore and is engaging with non-governmental organisations (NGOs) Read More
on Thursday said it is "much better" prepared to restrict the impact of the second coronavirus wave on its operations because of last year's experience but appealed for banks' employees to be allowed to take vaccinations on a priority basis as they are rendering an essential service. The Read More
SINGAPORE: Oil prices extended gains on Thursday after rising 1% the previous session, as bullish forecasts on recovering demand this summer offset concerns of rising COVID-19 cases in India, Japan and Brazil.
Brent crude for June edged up 8 cents, or 0.1%, to $67.35 a barrel by 0104 GMT while Read More