The Reserve Bank of India (RBI) had prohibited Bank of Baroda (BoB) from enrolling new customers through its 'Bob World' mobile app due to significant supervisory concerns
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Due to retail exit and sluggish MNC expansion, foreign banks' share in Indian loans drops to 3.8 per cent in FY22 from 4.2 per cent in FY20
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Bankers maintain positive loan demand outlook for Q4 FY24 and Q1 FY25
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General Insurance Companies' Premium increased 29 per cent year-on-year to Rs 29,476.33 Crore in September
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Mahapatra started his banking journey at Punjab National Bank as a management trainee in the year 1989
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The Bank is offering interest rates of up to 7.40 per cent p.a. for general citizens and up to 7.90 per cent p.a. for senior citizens
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The industry may seek extension, grandfathering, and exemption for market regulator's directive to dematerialise units of funds with a corpus of Rs 500 crore or more by 31 October
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This figure includes both pass-through certificate (PTC) issuances (Rs 51,000 Cr) and direct assignment (DA) (Rs 50,000 Cr) transactions
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