Private Banks

Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'

The AIBEA said the move will make it more difficult for public sector banks to lend to weaker and priority sectors at concessional rates of interest

Centre lifts embargo on grant of government business to private banks, says Nirmala Sitharaman

Private banks can now be equal partners in the development of the Indian economy, the Union finance minister added

FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal

Both FIIs and domestic institutional investors (DIIs) increased stake in telecom on a quarter-on-quarter basis by 190 and 220 basis points respectively.

Sensex settles 416 points higher at 31,743, Nifty below 9,300-mark; IndusInd Bank, Britannia among major gainers

At close, the Sensex was up 415.86 points or 1.33 percent at 31743.08, and the Nifty was up 127.90 points or 1.40 percent at 9282.30. About 1,286 shares have advanced, 1076 shares declined, and 180 shares are unchanged.

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium

Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India

Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later

The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks

Coronavirus Outbreak: RBI cuts repo rate by 75 bps, extends loan EMI payments, injects liquidity; key takeaways from Shaktikanta Das press conference

The RBI governor announced that the Repo rate stands at 4.20 percent now vs 5.15 percent earlier

Full list of bank holidays in October 2019: Banks to remain shut on 11 days, including Dussehra, Gandhi Jayanti, Diwali

Customers must note that as per Reserve Bank of India (RBI) notification and rules, all banks including public, private, foreign, cooperative are shut on all Sundays and second and fourth Saturdays of the month.

RBI annual report: Bank fraud touches Rs 71,543 cr in 2018-19, records 74% jump from previous year

The number of cases of frauds reported by banks saw a jump of 15 percent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 percent in the year, RBI's annual report showed

Top private sector banks cut interest rates on deposits by up to 0.25% over last week

Top private sector lenders have cut their interest rates on deposits by up to 0.25 percent over the last week, officials said on Monday