April 15, 2024 23:51 (IST)
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RBI slaps fines on IDFC First Bank and LIC Housing Finance for non-compliance

Mumbai: The Reserve Bank on Friday said that it has fined IDFC First Bank Rs 1 crore and LIC Housing Finance Rs 49.70 lakh for breaching specific regulations. The penalty on IDFC First Bank was levied due to failure to adhere to certain directives regarding 'Loans and Advances - Statutory and Other Restrictions', according to the central bank’s statement.

SBI revises yearly maintenance charges of some cards

Mumbai: The State Bank of India (SBI) has updated the yearly maintenance fees for specific debit cards.

All agency banks to remain open for public on March 31: RBI

New Delhi: All banks dealing with government receipts and payments will remain open on Sunday, March 31, to account for all the transactions in the financial year 2023-24.

NEFT witnesses highest ever daily transaction on Feb 29

Mumbai: The Reserve Bank of India (RBI) announced on Friday that the National Electronic Funds Transfer (NEFT) recorded its highest-ever daily transaction volume of Rs 4.10 crore on February 29, 2024.

ICICI Bank branch manager ran scam for years to meet performance targets: Report

Pratapgarh (Rajasthan): An ICICI Bank branch manager and his associates successfully met their business performance goals over several years by withdrawing funds from the accounts of unsuspicious customers at their branch, media reports said.

RBI calls on banks to remain vigilant against accumulation of risks

Mumbai: RBI Governor Shaktikanta Das cautioned banks about the accumulation of risks within the banking system during a meeting with CEOs. He underscored the importance of remaining vigilant and avoiding complacency, stressing that banks must stay alert to potential risks, media reports said.

Bandhan Bank Q3FY24: Net profit jumps 152% YoY to Rs 737 cr

Bandhan Bank on Friday reported impressive earnings for the quarter ended December 31, 2023, with the net profit surging by around 152% year-on-year (YoY) to Rs 737 crore compared to Rs 290.6 crore in Q3 FY23.

Govt expected to receive $2 billion in dividends from PSBs in next fiscal year

New Delhi: The public sector banks are reporting substantial profits and are likely to produce $2 billion in dividends for the next financial year, starting on April 1, media reports said.

State Bank of India Q3FY24: Net profit declines 35%YoY to Rs 9,164 cr; NII grows 4.59%

Mumbai: Public sector lender State Bank of India (SBI) reported a net profit of Rs 9,164 crores, down 35.49% year-on-year compared to Rs 14,205 crores.

Bandhan Bank appoints Santosh Nair as Head – Consumer Lending & Mortgages

Kolkata: Bandhan Bank appointed Santosh Nair as Head – Consumer Lending & Mortgages, a press release said.

Over 95% of Rs 2,000 currency notes back in banking system: RBI

Mumbai: Over 95 percent of the Rs 2,000 currency notes in circulation as of May 19, 2023, are back in the banking system, the Reserve Bank of India (RBI) said on Thursday.

IDFC First Bank Q3FY24 net profit grows 18% to Rs 716 cr

Mumbai: IDFC First Bank, a private sector lender, announced a net profit of Rs 715.68 crore for the October-December quarter of the financial year 2023-24, growing 18.37 percent from Rs 605 crore in the corresponding period of the previous year.

Union Bank of India Q3FY24 net profit jumps 60% YoY to Rs 3,589; NII stands at Rs 9,168 cr

Mumbai: The state-run Union Bank of India Saturday declared a 60 percent increase in its standalone net profit, reaching Rs 3,589.91 crore for the third fiscal quarter.

South Indian Bank Q3 FY 23: Profit soars 197% YoY to Rs 305 cr

Thrissur (Kerala): Private sector lender South Indian Bank reported a net profit Rs 305.36 crore in Q3 FY 24, demonstrating a remarkable surge of 197.19% from Rs 102.75 crore in Q3 FY 23.

RBI revises guidelines on dividend issue by banks

Mumbai: The Reserve Bank of India (RBI) Tuesday conducted a review of the guidelines, eligibility criteria, and board oversight related to the declaration of dividends by banks.