Banks Raise Record Rs 91,500 Crore In Debt Capital In FY23 So Far: Report

New Delhi- Amid tight liquidity condition, banks have issued a record quantum of bonds, with gross issuances hitting an all-time high of Rs 91,500...

Customers Need Not Visit Bank To Update KYC, Says RBI

NEW DELHI- Bank account holders are no longer required to visit their bank branches to update 'know your customer' (KYC) details provided they have...

Issues Related To Cards, Mobile, Net Banking Top Complaint Areas At Banking Ombudsman: RBI

Mumbai- Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO) during...

J&K Bank Raises Rs 1000 Crore Capital As Tier-II Bonds

Srinagar- Jammu and Kashmir Bank on Saturday said it has raised Rs 1,021 crore as Tier-II bonds from the market as part of its...

Banks Write Off Loans Worth Rs 11.17 Lakh Crore In Last 6 Years

New Delhi- Banks have written off Rs 11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22,...

Banks Wrote Off NPAs Over 10 Lakh Crore In Last Five Financial Years: FM

New Delhi- Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on...

Banks Follow RBI’s Signal; Hike Lending Rates

New Delhi- Hours after RBI's move to increase repo rate by 35 basis points, a number of lenders, including Bank of India and HDFC...

EMIs To Rise As RBI Hikes Interest Rate Again Albeit At A Slower Pace

Mumbai- The RBI on Wednesday expectedly slowed the pace of increase in borrowing costs in signs that rates may be nearing the peak, even...

Banks Should Not Ask For Verification At Branch Level If Customer Does e-KYC: RBI

  Mumbai- The Reserve Bank on Wednesday said banks should not ask for verifications/updates at the branch level in case a customer has done e-KYC...

RBI Hikes Lending Rate By 35 Bps To 6.25%; Home, Auto Loans To Be...

Mumbai- The Reserve Bank on Wednesday expectedly raised the benchmark lending rate by 35 basis points (bps) - the fifth increase since May -...