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Dinesh Khara, the current Chairman of the State Bank of India (SBI), may have his tenure extended as the government is contemplating increasing the retirement age for heads of all public sector banks and LIC.
Get the important dates and application process details for IBPS Clerk PO Recruitment 2023
The list of bank holidays for the month of October has been made public by the Reserve Bank of India (RBI).
The action would raise the company's housing loan EMIs.
Bank savings deposits decreased by ₹54,021.77 crore, while FDs increased by ₹1,16,218.25 crore.
According to the rating agency, the banks' stable rating outlook for FY23 reflects their diminishing legacy asset quality difficulties, strengthening balance sheets, controllable covid-19 impact, and forecasts for increased profitability across the banking industry.
Through a mobile application created by UIDAI, authentication is performed. The authentication will be carried out without the use of any additional hardware.
HDFC Bank's new SMS service incorporates AI technology, customers no longer need to memorise or write long pre-defined keywords to conduct SMS banking.
The bank has upraised the interest on FDs with terms spanning from 31 days to 10 years as a result of this new arrangement.
RBL Bank Limited shares hit a new low of Rs 92.75 per share after falling more than 18% on the BSE intraday during Monday's trading session.
Rate increase follows an out-of-cycle increase last month. The RBI slashed the repo rate in March 2020 to mitigate the impact of a covid-induced lockdown,
Shares fell more than 1% to 457 on the BSE as the stock went ex-dividend in Wednesday's trades, a day before the dividend's record date. SBI's board declared a dividend of 7.10 per equity share (710 percent) for the fiscal year ended March 31, 2022, while announcing its Q4FY22 results.
A recent report by SBI Ecowrap shows that currency in circulation is expected to be lower at about 13.1 per cent of GDP in 2021-22.
IT Minister Ashwini Vaishnaw encouraged the banking industry to create an innovative digital platform like UPI for providing quick and easy credit.
Mahesh Mishra, the convener of the United Forum of Bank Unions, said on Thursday that the government hopes to approve the Banking Reforms Bill in this session of Parliament, clearing the way for privatisation.
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