Latest k news

Compliant with gold loan norms, will further strengthen audit processes: CSB Bank MD

By www.thehindubusinessline.com
Published On :: Tue, 29 Oct 2024 19:01:36 +0530

Bank expects its advances and deposits to rise at least 30-50 per cent faster than the banking system

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Money & Banking

City Union Bank to launch new retail products in Q4, eyes growth in FY26

By www.thehindubusinessline.com
Published On :: Tue, 29 Oct 2024 19:46:08 +0530

To focus on secured loan products

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Money & Banking

Don’t see tapering of deposit rates in near term, Canara Bank MD says

By www.thehindubusinessline.com
Published On :: Sat, 02 Nov 2024 09:13:24 +0530

Bank prepared for Canara Robeco listing in Q4

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Money & Banking

Punjab & Sind Bank launches e-bank guarantee facility

By www.thehindubusinessline.com
Published On :: Sun, 03 Nov 2024 17:41:06 +0530

This new facility replaces paper-based BG issuance process with stamping and signatures

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Money & Banking

Banks’ NIM falls in Q2 as RBI penal charge diktat takes effect, deposit cost rises

By www.thehindubusinessline.com
Published On :: Sun, 03 Nov 2024 19:34:48 +0530

Bankers expect pressure on NIM to continue in Q3

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Money & Banking

Urban co-op banks’ body to facilitate buying and selling of priority sector loans

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 10:46:47 +0530

The National Urban Cooperative Finance and Development Corporation will help mid and small sized UCBs upgrade their technology architecture and ensure the sector’s money remains within the sector

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Money & Banking

Indian Overseas Bank launches online Re-KYC service for hassle-free updates

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 18:38:19 +0530

This new digital service allows customers to update their KYC information without visiting the bank branch, utilising three accessible channels: the IOB website, SMS, or email

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Money & Banking

JC Flowers ARC seeks bids to sell ₹2,613 crore of bad loans via Swiss challenge mode

By www.thehindubusinessline.com
Published On :: Mon, 04 Nov 2024 20:58:24 +0530

The NPAs on block were part of YES Bank’s legacy bad loan portfolio.

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Money & Banking

Regional Rural Banks may see a fourth round of amalgamation; number of banks likely to come down from 43 to 28

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 08:59:29 +0530

The proposed move is part of the Government’s ‘One State-One RRB’ goal

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Money & Banking

CARE Ratings assigns ‘AA’ rating to Karur Vysya Bank’s fixed deposits

By www.thehindubusinessline.com
Published On :: Tue, 05 Nov 2024 16:55:57 +0530

The agency noted that KVB’s advances grew by 16 per cent year-on-year

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Money & Banking

Deutsche Bank infuses ₹5,113 crore capital into India operations

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 17:12:00 +0530

Over the last decade, the bank has significantly increased its capital investments, tripling the capital base for Deutsche Bank Group in India

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Money & Banking

Airtel Payments Bank Q2 net up 45% at ₹11.2 crore, revenue up 58%

By www.thehindubusinessline.com
Published On :: Wed, 06 Nov 2024 18:42:13 +0530

Crosses over 100 million Monthly Transacting Users milestone

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Money & Banking

Banks offer to park higher amount with RBI via VRRR route

By www.thehindubusinessline.com
Published On :: Fri, 08 Nov 2024 21:35:21 +0530

This is the first time in many months when the bid amount was higher than the notified amount

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Money & Banking

Bitcoin nears $80,000 for first time as Trump’s pro-crypto stance sparks market optimism

By www.thehindubusinessline.com
Published On :: Sun, 10 Nov 2024 15:29:31 +0530

The cryptocurrency climbed as much as 4.3 per cent to an unprecedented $79,771 on Sunday

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Crypto Currency

Finance Minister launches five Nari Shakti branches of Union Bank of India for women entrepreneurs

By www.thehindubusinessline.com
Published On :: Sun, 10 Nov 2024 19:07:55 +0530

Union Bank of India opens Nari Shakti branches in Bengaluru, Chennai, Visakhapatnam, and Jaipur

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Money & Banking

Bitcoin nears $80k, little progress on crypto regulation in India

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 10:11:12 +0530

A report by Chainalysis says India leads the world on global adoption index for crypto this year

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Crypto Currency

FTX sues Binance, former CEO Zhao seeking $1.8 billion clawback

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 14:43:36 +0530

Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison

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Crypto Currency

Bank of India reports 63% jump in Q2FY25 net profit at ₹2,374 crore

By www.thehindubusinessline.com
Published On :: Mon, 11 Nov 2024 22:13:54 +0530

The profitability comes despite the public sector bank seeing 111 per cent y-o-y jump in loan loss provisions at ₹1,427 crore

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Money & Banking