PSBs to conduct massive loan drive today
State-run banks will conduct a massive credit outreach program in all districts of the country on Wednesday and will enroll customers for various official schemes, especially in insurance. The outreach…
Banks see pick-up in capex loans
With an uptick in demand for project finance from late last year, bankers believe need for long-term funds should rise by anywhere between 12-15% this year. Bank credit deployed in…
Kotak bank shares 811 update, Uday Kotak introduces son to investors
With Uday Kotak, vice-chairman and chief executive of Kotak Mahindra Bank, introducing his son Jay Kotak during an investor meeting in Mumbai on Thursday, the markets will now closely monitor…
RBI surplus transfer lowest in a decade
The Reserve Bank of India (RBI) on Friday decided to transfer its FY22 surplus of Rs 30,307 crore to the government, the lowest dividend in ten years, which will reflect…
IndusInd Bank invokes 14.6 million pledged shares of Birla Tires
Private sector lender IndusInd Bank has invoked around 14.6 million pledged shares of BK Birla group company Birla Tires, amounting to 10.21% of the total equity share capital of the…