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RBI restricts Nagar Sahakari Bank, limiting withdrawals to Rs 10,000 due to liquidity issues. Depositors eligible for DICGC insurance up to Rs 5 lakh.
Bank of India increases FD rates on deposits below Rs 3 crore. New rates: 6.50% for 1-2 years, 6.60% for 2-3 years, and 6.70% for 3 years. Senior citizens get extra benefits.
RBI cancels Sarvodaya Co-operative Bank licence immediately due to inadequate capital. 98% of depositors to get full insurance up to Rs 5 lakh.
Govt approves RRB Viability Plan 2.0 for 2025-28, focusing on 30 performance metrics to enhance financial sustainability, governance, and rural credit expansion.
DFS pushes mandatory e-filing, hybrid hearings, and e-DRT 2.0 to reduce pendency and speed up debt recovery cases in DRTs and DRATs.
FM Nirmala Sitharaman confirms IDBI Bank disinvestment will continue despite earlier bids falling below reserve price. No plans for PSB consolidation yet.
RBI schedules underwriting auction for Rs 32,000 crore in government bonds across four tenures. Details on MUC, ACU commitments for Primary Dealers.
A government committee will review the 26% voting rights cap for private shareholders in banks, a key hurdle in IDBI Bank privatisation.
RBI's new e-mandate framework requires 24-hour prior alerts for recurring payments, with enhanced customer control and security.
RBI issues new e-mandate rules requiring additional authentication for recurring payments over ₹15,000 and high-value transactions to enhance security.
Indian bank credit grew 16.1% YoY to Rs 213.6 lakh crore, outpacing deposits. The Credit-Deposit ratio remains elevated at 81.4%.
RBI relaxes April curbs on rupee derivative trades, withdrawing NDF bans and easing related-party FX rules to restore normal market hedging activity.
RBI opens premature redemption for SGB 2020-21 Series VII. Investors can exit with over 200% capital gains. Learn price, tax rules & procedure.
FICCI-IBA survey reveals banks' constructive outlook on credit growth, driven by retail, SME lending, and a focus on AI, cybersecurity, and green finance.
Survey shows India's banking sector resilient with strong asset quality, robust retail & SME credit growth, and early signs of capex revival.
HDFC Bank's NRC to decide on CEO Sashidhar Jagdishan's reappointment. Board supports Keki Mistry as chairman. Q4 profit rises 8% to Rs 20,350 crore.
ICICI Bank reports a 9% rise in Q4 net profit to Rs 14,755 crore. NII grows 8% to Rs 22,979 crore. Bank announces Rs 12/share dividend.
HDFC Bank reports 8% rise in Q4 net profit to Rs 20,351 crore. NII grows 3.2%, while advances expand to Rs 29.6 lakh crore.
India's DGFT updates the list of 15 banks authorised to import gold and silver under FTP 2023, effective from April 2026.
Crisil Ratings projects stable asset quality for Indian banks with gross NPAs at 2.0-2.2% by March 2027, supported by strong corporate balance sheets.
