Banking

A preliminary settlement of the proposed class action was filed on Tuesday in Manhattan federal court

Proposes up to 4 successive nominations by bank a/c holders

Country's largest lender ups the ante for resources with two new schemes set to launch this month

The government plans to infuse Rs 500 crore into IFCI this year

Echoing her views, Debasish Panda, chairman of the Insurance Regulatory and Development Authority of India (IRDAI), also underscored growing concerns regarding banks mis-selling insurance products

Guru Nanak Jayanti bank holiday 2024: Banks will remain shut in several states on Friday, November 15, 2024, due to Guru Nanak Jayanti and Karthika Purnima. Check the state-wise list here

Most analysts expect the bank to return to stronger margins and optimise lending portfolio

Rajat Verma was appointed DBS managing director and head of institutional banking for India last year

Business Standard BFSI Summit highlights: Catch all the updates related to the BFSI summit here

Business Standard BFSI Summit 2024 updates: Catch all the updates related to the BFSI summit here

Lender to issue proposal in 45 days, had 63,580 such machines in FY24

The net interest income (NII) of the bank rose by 9 per cent in the reporting quarter to Rs 1,615 crore from Rs 1,475 crore

PCA will replace the existing SAF from the beginning of the new financial year - Apr 2025. During FY24, 122 UCBs across the country came out of SAF. The number of UCBs stood at 1,470 at end of Mar '25

"Government spending is the reason for the rise in liquidity. It might improve further but there will be some action by the RBI to manage liquidity," said Indranil Pan, chief economist, YES Bank