RBI lifts ban on Bank of Baroda to onboard customers via BoB World app; stock rises 3%
Following the lifting of restrictions, BoB will resume onboarding new customers through the BoB World app.
Following the lifting of restrictions, BoB will resume onboarding new customers through the BoB World app.
RBI has significantly enhanced the provisioning requirement during the construction phase of a project to 5%.
Central banks shore up gold reserves to prepare for turbulent times, pushing up prices across the globe. The trend is here to stay.
After six months, the RBI has removed restrictions on Bajaj Finance’s two products after the remedial actions taken by the company.
Only AU Small Finance Bank out of the 11 small finance banks meets the criteria for applying for a universal banking licence
To tighten the noose around entities indulged in unauthorised operations, RBI re-issues an “alert list” that contains names of 75 unauthorised entities or ETPs
In March 2024 alone, credit card expenditures surged by approximately 10% to ₹1.64 lakh crore from ₹1.49 lakh crore in February
Shares of Kotak Mahindra Bank hit a 52-week low of ₹1,602 in opening trade on the National Stock Exchange (NSE).
RBI says action was taken due to significant concerns arising out of Kotak Mahindra Bank's IT examination and 'continued failure' on part of the bank to address these
Equity commitments more than doubled to $2.03 billion in March 2024 from $758.22 million in March 2023, surpassing the $616.46 million recorded in February 2024.