financial news

Non-food bank credit grew 9.7 per cent in March 2022 as compared to a rise of 4.5 per cent reported a year ago, according to RBI. Loans to agriculture and allied activities continued to perform well, registering a growth of 9.9 per cent in…

The ascendant US dollar headed for its best month in a decade, as renewed yen selling cemented the greenback’s strength against major peers. A Bloomberg gauge of the greenback climbed to its highest level in nearly two years and has risen…

Transactions through UPI are registering a rapid growth in India. And RBI's initiative to introduce it in feature phones is set to take it to another level. Watch our next report to know why TopicsUPI | UPI…

Bank of Maharashtra | Photo: Wikipedia First Published: Tue, April 26 2022. 01:57 IST

State-owned Bank of India (BoI) on Monday said it will raise up to Rs 2,500 crore by issuing fresh equity shares in order to comply with the minimum public shareholding requirement of 25 per cent. "The board of directors of the bank at its…

Six working groups created to suggest ways to improve digitisation in the state-owned banks and strengthen their balance sheets have been asked to submit their respective reports by December, according to a senior banker. Participating in…

HDFC Bank on Saturday declared a 1550 per cent or 15.50 per share dividend to its shareholders for the financial year 2021-22. The board at its meeting has recommended a dividend of Rs 15.50 per equity share of Re 1 (1550 per cent) out of…

Health insurance premiums, which registered a 25.6 per cent growth — almost double that of last year — have been the main driver of the double-digit growth in non-life insurance in FY22. This comes after a horrid FY21, where the industry…

The Reserve Bank on Thursday asked Urban Cooperative Banks (UCBs) not to create create any honorary position or title such Chairman Emeritus and Group Chairman at the board level as it results in creation of a shadow authority. The RBI has…

The latest norms concerning large exposures, additional disclosures, and lending to directors laid down by the Reserve Bank of India (RBI) for non-banking financial companies (NBFCs) are in line with its stated objective of narrowing the…