Bank of India

Digital lending now on RBI’s leash

The central bank said loan disbursals as well as repayments can only executed via the bank accounts of borrowers and regulated entities (banks and NBFCs).

published on : 11th August 2022

SBI net profit declines 6.7 per cent on mark-to-market losses

The domestic net interest margin (NIM) during the first quarter improved by 8 bps YoY to 3.23%.

published on : 7th August 2022

India's Forex reserves remain fourth largest globally, says RBI Governor

The Reserve Bank of India (RBI) on Friday increased the policy repo rate by 50 basis points to 5.4%.

published on : 5th August 2022

Bank of India Q1 profit falls by 22% to Rs 561 crore   

BoI improved on its asset quality as gross non-performing assets fell to 9.30% of gross advances by the end of June 2022.

published on : 4th August 2022

Union Bank of India-Guntur holds retail expo for doctors at medical college

Union Bank of India-Guntur on Wednesday organised a retail exhibition for doctors at Guntur Medical College, and discussed retail and MSME products offered by the bank with them.

published on : 28th July 2022

Rupee holding up well relative to other currencies: RBI

He highlighted the global grim situation in view of inflationary pressures, tighter external funding situation and financial stability challenges in many countries.

published on : 23rd July 2022

NCLT orders insolvency proceeding against Future Retail; rejects Amazon's objection 

On May 12, Amazon filed an intervention application under Section 65 of the Insolvency and Bankruptcy Code that deals with provisions relating to penalty for malicious initiation of proceedings.

published on : 20th July 2022

SBI told to waive off Rs 54.09 lakh loan to Bengaluru woman

She entirely depends on the insurance cover but the bank refused to waive off loan.  

published on : 20th July 2022

Regulations for cryptocurrencies necessary considering their destabilising effect: FM Sitharaman

RBI Governor Shaktikanta Das called cryptocurrency a “clear danger” in the foreword to the 25th issue of the Financial Stability Report (FSR).

published on : 19th July 2022

RBI allows global trade settlement in rupee

RBI’s move, analysts  say, would make rupee more tradable globally and lessen dependence on US dollar

published on : 12th July 2022

Fintech start-up 1Pay gets RBI's payment aggregator licence

Founded in 2019, 1Pay is backed by ex-Goldman Sachs MD Sanjiv Shah and Sanjay Gaitonde. It is a payment aggregator that also brings transportation, logistics and the banking industry together.

published on : 9th July 2022

Misplaced documents: SBI asked to pay Rs 3 lakh compensation to customer

The Commission has also directed the SBI to issue a public notice in Telugu and English newspapers notifying about the misplaced documents.

published on : 9th July 2022

RBI imposes Rs 5.72 crore monetary penalty on Federal Bank Limited

The Reserve Bank of India said that the action is based on the deficiencies in regulatory compliance of the Federal Bank Limited.

published on : 8th July 2022

India's forex reserves fall USD 5.008 billion to USD 588.314 billion

The fall in the foreign exchange reserves was due to a dip in Foreign Currency Assets (FCA), a major component of the overall reserves, and also in the gold reserves.

published on : 8th July 2022

Cryptocurrencies clear danger, says RBI Governor

Reserve Bank of India has been flagging concerns about cryptocurrencies, which are seen as a highly speculative asset.

published on : 30th June 2022

Economy on recovery path; inflationary pressure, geopolitical risks warrant careful handling of situation: RBI

The RBI's 25th Financial Stability Report said banks, as well as non-banking financial institutions, have sufficient capital buffers to withstand shocks.

published on : 30th June 2022

Reimbursement for foreign travel not an absolute right for SBI officers: Madras HC

The judge said the facility extended to get reimbursement of foreign travel expenses, was given by way of an additional facility through a letter and the same was cancelled.

published on : 28th June 2022

India's forex reserves dip by USD 5.9 billion to USD 590.59 billion: RBI

India's reserve position in the International Monetary Fund dropped by USD 17 million to USD4.968 billion during the week ended June 17, as per the RBI Weekly Statistical Supplement.

published on : 25th June 2022

RBI extends deadline for complying with card tokenisation norms to September 30

The basic purpose of tokenisation is to increase and improve customer safety. With tokenisation, storage of card details is limited.

published on : 25th June 2022

Monetary policy actions likely to be more moderate than other nations: RBI Deputy Governor

The government has tasked the RBI to ensure inflation remains at 4 per cent with a two per cent deviation on either side.

published on : 24th June 2022
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