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Articles for Banking & Finance

RBI Fines 211 Entities Rs 40 Cr In 2022-23

Among these, cooperative banks bore the brunt with 176 penalties amounting to Rs 14.04 crore

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UCO Bank Recovers 86% Of Mistakenly Credited IMPS Funds

The unexpected transfer of funds to 41,000 UCO Bank accounts stemmed from a technical glitch in the bank's IMPS payment channel, the bank revealed

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Goldman Foresees Earlier Easing By Banks From India To Australia Post-Fed

This adjustment comes in response to the Federal Reserve's hastened easing cycle, a prediction outlined by Goldman Sachs Group Inc

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India Tops Global Remittance Charts At $125 Bn In 2023: World Bank Report

The report highlights India's significant position as the top remittance recipient, drawing attention to the evolving dynamics in the remittance landscape

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India Tops Global Remittance Charts At $125 Bn In 2023: World Bank Report

According to the World Bank, the report highlights India's significant position as the top remittance recipient, drawing attention to the evolving dynamics in the remittance landscape

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Finance Ministry Amends Letter, Ends PSU Bank Merger Speculation

The initial letter's mention of a "regulatory mechanism in the post-merger scenario" sparked speculation about impending mergers, particularly Union Bank's potential merger with UCO Bank

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SoftBank Sells 1.14 Cr PB Fintech Shares For Rs 914 Cr

After the recent deal on Friday, SoftBank is anticipated to retain 83.23 Lakh shares in PB Fintech

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RBI Injects Rs 1 Lakh Crore In 7-Day VRR Auction To Address Liquidity Outflows

The liquidity in the economy has been largely in deficit mode in the current quarter. The RBI infused Rs 38,774 crore on Wednesday

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