Federal Bank Ties up with JCB India to Finance Heavy Equipment Buyers: Federal Bank on Friday said it has tied up with JCB India to finance the prospective buyers of heavy construction equipment and boost its loan portfolio. The private sector lender said it has inked a memorandum of understanding ...

Govt Raises Maximum Tenure of PSU Banks’ CEO to 10 Years: The government has agreed to provide the managing director and other full-time directors of the public sector banks a longer term of employment. The original appointment can now be set for up to 5 years, with the option of an additional 5 ...

DEA, MoHUA and World Bank organise Cities Creditworthiness Academy Workshop: The Department of Economic Affairs (DEA), Ministry of Finance (MoF); Ministry of Housing & Urban Affairs (MoHUA); and the World Bank Group are jointly organising a 5-day focused workshop titled “Cities ...

Bank of Maharashtra tops PSU lenders’ list in Q2 Credit Growth : According to published quarterly numbers of public sector banks (PSBs), Bank of Maharashtra (BoM) has emerged as the top performer among public sector lenders in terms of loan growth in percentage terms during the second quarter of ...

SBI report: State Bank of India has lowered the current account deficit (CAD) at 3% for this fiscal (2022-23) as against the minimum consensus of 3.5%.Reason: Rising software exports, remittances and a likely $5-billion jump in forex reserves via swap deals. November 2022 Current Affairs ...

Central Bank Digital Currency Could End RBI-ESMA Row: The deadlock between the Reserve Bank of India (RBI) and the European Securities and Market Authority (ESMA) over the inspection of Indian financing clearing houses may be broken by a new-age product – the central bank digital currency(CBDC). ...

Paytm Payments Bank receives RBI observations on IT report: Paytm Payments Bank (PPBL) management has received an RBI-mandated IT auditors report and the central bank’s observation on it, more than six months after it was asked to pause onboarding new customers. November 2022 Current Affairs ...

GoI appointed non-executive Chairman in four Public Sector Banks: Four banks have named non-executive chairman to their boards- Canara Bank, Punjab National Bank, Union Bank of India, and Punjab & Sind Bank. The approval is given by the Appointments Committee of the Cabinet (ACC).  November ...

SBI Logs Highest-Ever Quarterly Profit in The 2nd Quarter: State Bank of India reported a 74% year-over-year increase in net profit for the quarter ending in September, coming in at 13,265 crore, helped by strong loan sales, higher interest income, and lower provisions. The bank has now reported ...

Niva Bupa partnered with IDFC FIRST Bank partner for Bancassurance: Niva Bupa Health Insurance Company Limited has announced a partnership with IDFC First Bank to provide health-insurance solutions to the bank’s customers. The advanced digital capability of the bank combined with Niva Bupa’s ...