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Business News/Topic/ Banking

BANKING

Get the latest Banking news, videos and headlines. Explore more for Banking breaking news, opinions, special reports and more on mint.

DBS Bank India managing director and head of institutional banking, Rajat Verma, said that the asset quality of its small business book is “very good, the default level is low despite growing quite rapidly”.

DBS Bank India plans to double small business book in 3 years

3 min read . 13 May 2024

TVS Holdings holds around 92% stake in another NBFC TV Credit, which has an AUM of ₹25,900 crore, and is growing at a compound annual rate of 25% since FY19. (Mint)

TVS Holdings to acquire majority stake in Home Credit India for ₹554 crore

2 min read . 10 May 2024

Ajay Piramal, chairman of Piramal Group. (Mint)

After Aditya Birla, Piramal to merge with private arm

3 min read . 09 May 2024

On 3 May, RBI issued a draft prudential framework for lenders undertaking project finance, which proposed an increase in standard asset provisioning to 1-5% of loans from the current 0.4% in a phased manner on project loans that are not overdue to stressed. (REUTERS)

PSU bank shares take a hit due to draft RBI norms on project finance

2 min read . 06 May 2024

In April last year, RBI had given in-principle approval to IIHL to increase its stake in the bank to a maximum of 26%. (Mint)

RBI may give final nod for stake increase in IndusInd Bank soon: Ashok Hinduja

3 min read . 06 May 2024

Ashok Vaswani assumed the role of CEO four months ago, succeeding the bank's founder Uday Kotak. (Photo: LinkedIn)

Kotak Bank's Vaswani concerned about reputational impact of RBI order

2 min read . 04 May 2024

CEO Shyam Srinivasan said the bank board established search panel and they have a slew of candidates to choose from. (Mint)

Federal Bank in advanced stage of sending names of CEO candidates to RBI

1 min read . 02 May 2024

KVS Manian was promoted as joint managing director at Kotak Mahindra Bank in February.

Behind KVS Manian's sudden exit from Kotak Mahindra Bank

4 min read . 02 May 2024

In December 2020, bondholders and minority shareholders of the erstwhile Lakshmi Vilas Bank filed a suit against the write-down of their investments in tier 2 bonds worth ₹320 crore after the bank's merger with DBS Bank. (File Photo: Reuters)

Mint Explainer: The Madras high court order that's put RBI in a spot

3 min read . 01 May 2024

AU Small Finance Bank is in the process of merging with Fincare SFB. Photo: Mint

No small finance bank will apply for a universal banking licence anytime soon

3 min read . 28 Apr 2024

May 2024 Bank Holidays: Banks will be closed for around 10 days this month (Mint)

Bank Holidays in May: Banks to remain closed on THESE 10 days. See details

2 min read . 28 Apr 2024

According to RBI, SFBs must also have a minimum net-worth of ₹1,000 crore at the end of a quarter, along with a capital adequacy requirement of 15% to be considered for a licence. (Photo: Mint)

RBI sets standards for SFBs eyeing universal bank licence

1 min read . 26 Apr 2024

Profit at KeyBank parent KeyCorp fell by a third in the latest quarter. (Bloomberg News)

Main street banking model is being squeezed

3 min read . 24 Apr 2024

Indbank Merchant Banking Ser Q4 Results Live

Indbank Merchant Banking Ser Q4 Results Live : profit falls by 2.31% YOY

1 min read . 24 Apr 2024

Bank Holidays in April 2024: This week, banks will remain closed on April 27 and 28 for the fourth Saturday and Sunday weekend off (Mint)

Are banks closed today on April 23 for Hanuman Jayanti? Check details here

2 min read . 23 Apr 2024

Credit Suisse’s downfall and its subsequent rescue deal by UBS last year created a potential opportunity for smaller Swiss rivals to poach advisors and the assets they managed. (Reuters)

UBS’s Swiss rivals hope Credit Suisse hires will win wealthy clients

3 min read . 22 Apr 2024

Large banks that are office lenders have avoided fresh big hits to their earnings so far this reporting season. (CHARLY TRIBALLEAU/AGENCE FRANCE-PRESSE/GETTY IMAGES)

Banks believe they are well-prepared for commercial real estate fallout

3 min read . 19 Apr 2024

Mark Whelan, group executive, institutional, ANZ

ANZ ploughed capital into India in last two years. It is ready to do so again.

3 min read . 17 Apr 2024

Bank of America’s first-quarter profit declined, but still topped analyst expectations. (Wall Street Journal)

Three key takeaways from big bank earnings

3 min read . 16 Apr 2024

Bank Holidays in April 2024: Banks will remain closed on April 13 and 14 for second Saturday and Sunday weekend off (Mint )

Are banks closed today on April 13 for weekend? Check details here

2 min read . 13 Apr 2024