Banking

CBI chargesheeted 15 people in the alleged Rs 504 crore Haryana government funds misappropriation case.

The report found that 70% of Indian customers feel financially understood by their banks, yet gaps in service speed and clarity persist.

The facility is currently available only to Indian customers in Greece who hold accounts with Eurobank.

The RBI is seeking public feedback on Tthese proposed recovery norms by May 31.

The Supreme Court examined the legality of Yes Bank's Rs 8,415 crore AT1 bond write-down during the bank's 2020 rescue process.

Standard Chartered unveiled a plan on Tuesday to cut over 15% of its support staff by 2030 through building up its use of AI to streamline operations.

Moreover, Keki Mistry's interim tenure, which is supposed to end next month, may be extended for three more months subject to Reserve Bank of India's approval.

The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills.

The federation has also called for a two-day nationwide strike in the State Bank of India on May 25 and 26.

State Bank of India said it is redeploying branch staff into sales and upselling roles as more customers shift to digital banking channels and online transactions.

Public and private sector banks remain operational on the first, third and fifth Saturdays, while branches stay closed only on the second and fourth Saturdays of every month.

Emirates NBD, one of the largest banks in the middle east, will acquire up to 74% stake in RBL.

The central bank sets these goals for primary dealers at the start of April as part of its operational guidelines. They are determined as a percentage of average trading volumes over the previous three years.

AIBOC says a five-day work week in banks would reduce fuel consumption, ease operational costs and support the government's energy conservation and austerity push.

The SBI chairman also said India would need massive capital mobilisation to achieve the Viksit Bharat goal by 2047.

Lenders book steep fall/loss in treasury income; start making provisions for ECL shift.

Move aimed at strengthening recovery mechanisms and preventing early-stage stressed loans as SBI posts lowest bad loan ratio in two decades.

Much of the pressure in SBI shares comes on the back of the lender's sub-par performance in the fourth quarter

Most brokerages have remained bullish on SBI despite the Q4 blip, with HSBC even hiking the target price for the counter.

The deal will help the company increase revenues from private sector banks to 30 per cent by the end of FY27 from the current 25 per cent, said its Chief Business Officer, Anush Raghavan.