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CRISIL upgrades YES Bank’s certificates of deposit from ‘A2’ to ‘A2+’
YES Bank's total deposits increased to Rs 1.17 trillion (including CD) as on June 30 from Rs 1.05 trillion as on March 31
TopicsYES Bank | Crisil | sbi
Abhijit Lele | Mumbai Last Updated at August 28,…
We are not risk-averse, but only careful and prudent, say bank CEOs
Most bankers who participated in the Business Standard Unlock BFSI 2.0 webinar event held on Thursday felt that they expect better indicators of the economy in the third quarter of the financial year
TopicsIndian banking…
ICICI Bank will offload 2% in ICICI Securities to attain 25% public holding
Private sector lender ICICI Bank on Wednesday said it plans to offload two per cent in broking and investment banking arm ICICI Securities.
The move is towards meeting the 25 per cent minimum public shareholding (MPS) requirement.
Some…
RBI calls for deep-seated, wide-ranging reforms for sustainable growth
Cautioning that India's potential output may undergo a structural downshift following the pandemic, the Reserve Bank on Tuesday made a strong case for deep-seated and wide-ranging reforms to regain losses and return to the path of…
PNB expects 4-6% credit growth this fiscal, says Mallikarjuna Rao
Punjab National Bank on Monday said its overall credit growth is likely to be at around 4-6 per cent in the current fiscal year as it expects the economy to return to normalcy from October onwards.
TopicsPunjab National…
After micro loans, housing finance to be next key focus for Bandhan: MD
Having stabilised the ship after some reverses on its flagship micro loans due to demonetisation and the humbling experience with large corporate exposures, Bandhan Bank now wants to focus on the home loan segment, a top executive has…
SBI board approves proposal to raise Rs 8,931 crore via Basel III bonds
The bonds in the nature of debentures qualifying as tier 2 capital of the bank have face value of Rs 10 lakh
TopicsFundraising | Banks The country’s largest lender State Bank of India (SBI) on Friday said its board has approved…
Banks sanction over Rs 1 trillion concessional loans to KCC holders
The Finance Ministry said banks have sanctioned over Rs 1 trillion concessional loans to Kisan Credit Card (KCC) holders to help farmers meet financial requirements during the COVID-19 crisis.
TopicsFinance Ministry | public…
Govt keen to speed up stake sale in four PSU banks this fiscal: Report
Govt wants to overhaul the banking sector and is also pushing for privatisation of banks and other PSUs to help raise funds for budgeted spending amid a fall in tax collections
TopicsIndian Banks | Finance…
Federal Bank to enter credit card segment in a year, says official
The bank will rely only on in-house customers and also deploy its analytics engine to choose customers in a bid to take care of concerns on book quality
TopicsFederal Bank | Credit Card Federal Bank is looking to enter the…