 | TN may allow captive windmills to use power banking facility againPower banking is like cash banking whereby wind power producers feed in the electricity generated by their windmills to the state grid and then draw that power for captive use within a year. |
 | ‘Banks will need capital as RBI hikes risk weight on loans’The impact of the circular is limited to consumer loans. Housing loans, education loans, vehicle loans, and loans secured by gold and gold jewellery do not fall under its purview. |
 | 95% of customers use digital banking: Bandhan Bank CEOThe Kolkata-based private sector lender is focusing on diversification of asset portfolio, and aims to increase the share of housing loans to 30% by FY26 |
 | Bank of Baroda associates stole funds from hundreds of accounts via mobile app, says reportA whopping 4.2 lakh accounts, belonging to 7,000 branches, were suspected to have been wrongfully registered on the bank’s mobile banking application, and were subjected to an audit, said the report |
 | Odisha: 6 public sector banks roped in for outlets in unbanked panchayatsAs decided, the state government will provide rent free banking space for five years and bear one-time expenses for fixed cost and recurring expenses for a period of three years. |
 | Here's how you can use RBI's UDGAM portal to locate your unclaimed bank depositsThe RBI’s new portal is designed to support people in locating and retrieving their unclaimed deposits lying with various banks |
 | Banks post stellar numbers in Q1Higher loan growth, fall in NPAs, jump in interest income helped lenders post healthy profit |
 | VXI opens delivery centre in HyderabadThe state-of-the-art facility is fully equipped with the latest technology and boasts a sprawling 120,000 sq. ft. of office space. |
 | HSBC reports bumper profits on rising interest ratesGiven the current market consensus for global central bank rates, we have raised our 2023 full-year guidance for net interest income to above $35 billion, the banking giant said. |
 | 'Banks known for record losses under UPA now making profits': PM Modi in Rozgar MelaHighlighting his government efforts, the PM claimed the current government has moved India from being the 10th largest economy in the world to the 5th largest economy now in just a span of 9 years. |
| Vehicle rally in TN launched against privatisation of banksWhile flagging off the rally in front of the VOC College, Jegan said Chief Minister MK Stalin and his government will support the bank employees' fight against privatisation. |
 | MSME defaults rise can worry banksLikewise, the MSME sector has witnessed a healthy double-digit growth for some time. |
 | Bank of America fined USD 250 million for 'double-dipping' fees and fake accountsThe fees came when customers had routine monthly transactions. If a customer had too low of a balance to cover the transaction, it would be declined and BofA would charge the customer a USD 35 fee. |
 | Reserve Bank says high proportion of retail credit poses systemic riskThe report noted that in the long-term, such concentration portfolio strategies (of banks) can result in the emergence of systemic risks. |
 | Lloyds pick Hyderabad for its Tech CentreGroup will hire over 600 highly skilled tech, data & cyber specialists before the end of 2023 |
 | Banks likely to hit pause button on Fixed Deposit rate hikeExperts say banks might maintain current interest rates in FDs, however, investors seeking to maximise their returns may remain invested |
