State Bank of India (SBI) could offload its entire 24 per cent stake in YES Bank, sources say, while other lenders with less than 3 per cent stake and Life Insurance Corporation of India can also exit YES Bank

Net interest income and net interest margin fell in the reporting quarter even as the asset quality showed further

SBI launches largest staff engagement programme to empower employees with skills and pride for future readiness

The company has outperformed industry medians across ESG pillars

According to a Crisil report, the draft focuses on LTV and renewal/top-up of bullet loans which may have a bearing on the loan growth of NBFCs engaged in providing gold loans

The bank's total income increased to 35,852 crore, from 33,775 crore a year ago

Acquisition of the banks 33.71% shareholding by SMBC would trigger an open offer

Tamil Nadu and Uttarakhand did not witness any growth in monthly average cash dispensed per ATM, the CMS report said

This appointment is subject to regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI), according to a statement

A report by the State Bank of India suggests that RBI should go for jumbo rate cuts of 50 bps as it would be more effective

We are studying the judgment and the possible course of action. We will finalise our next step after discussing with our senior government advocates, DFS Secretary M Nagaraju said.

Report warns worsening asset quality could drive up credit costs to 6% for the year

The bank plans specialised branches for senior citizensstarting with one in Chennai and a new app that is expected to provide a single wallet for seamless transactions and reduce monthly UPI transaction costs

Official delegations of the ADB Board of Governors, ADB members and international financial institutions will attend the meetings

Board declares dividend of 15.90 per equity share and also approves raising of equity capital aggregating up to 25,000 crore

During the quarter, the bank's total income increased to 18,599 crore from 16,887 crore a year ago

Despite the decline, total income rose to 1,43,876 crore, supported by increased interest income.

Kotak Mahindra Bank reports standalone net profit of 3,552 crore

There are signs of rising stress in microloan portfolios of microfinance lenders in Tamil Nadu and Karnataka

The facility for exchange of the 2000 banknotes is available at RBIs 19 Issue Offices since May 19, 2023, per a central bank statement

Move aimed at allowing post-market transactions in G-Secs with non-residents

Balance sheet size likely to grow by 20-25% in current fiscal

Hits a six-month peak before weakening due to RBI intervention and importer demand

FY25 profit at 1,124 crore

Lender plans to raise capital for future growth

While margin may come under slight pressure, SBIs asset quality is seen holding steady, according to analysts

On April 29, Kathpalia resigned from the position of IndusInd Bank CEO with immediate effect

The Directions will help long-term investors such as life insurers to manage their cash flows and interest rate risk

The net-short dollar book stood at $64.2 billion in March, after hitting a record $88.8 billion the previous month, data from the Reserve Bank of India showed