bank news

Bank of Baroda Presents Rs 2762 Crore Dividend to Finance Minister for FY25

Bank of Baroda has given a Rs 2762 crore dividend to Finance Minister Nirmala Sitharaman for FY25 after posting a record net profit of Rs 19581 crore

Axis Bank Allots 111025 Equity Shares Under ESOP Scheme

Axis Bank allots 111025 equity shares under its ESOP and RSU schemes, increasing paid-up capital as part of its ongoing employee incentive programs.

YES Bank Shares in Spotlight After Rs 201 Crore NPA Recovery

NABARD Opens Applications for Specialist Roles in Data Management and Business Intelligence (2025-26)

Looking for a career in data management and analytics? NABARD has opened applications for Specialists on Contract (2025-26) in Mumbai. Apply now and contribute to rural development!

State Bank of India Engages with Global Investors in New York

Indian Overseas Bank, Punjab & Sind Bank, other PSU bank stocks rally up to 4% on report of accelerated govt stake sale

Public sector bank stocks rise up to 4 percent as the government prepares to speed up its stake sale in five state-run banks through QIP and OFS routes.

RBI Approves Sandeep Batra’s Reappointment as ICICI Bank Executive Director

The Reserve Bank of India has approved the reappointment of Sandeep Batra as executive director of ICICI Bank for two years, pending shareholder approval.

RBI Rate and CRR Cuts May Boost Banks Earnings Recovery Say Analysts

RBI surprise repo rate cut and phased CRR reduction are expected to support liquidity and help banks recover their earnings faster by easing pressure on margins

RBI Cuts Repo Rate by 50 Basis Points, Returns to Neutral Policy Stance

The Reserve Bank of India reduced the repo rate by 50 basis points to 5.5 percent on June 6, 2025, marking the third consecutive rate cut. The monetary policy stance has returned to neutral amid a fragile global growth environment.

Yes Bank Plans to Raise Rs 16,000 Crore with Strategic Investment from Japan's SMBC

Yes Bank to raise Rs 16,000 crore through equity and debt, backed by strategic investment from Japan's SMBC. The move includes governance changes and board representation for SMBC and SBI.

A Manimekhalai Completes Tenure as MD and CEO of Union Bank of India

A Manimekhalai concluded her tenure as MD and CEO of Union Bank of India on June 2, 2025. Asheesh Pandey is recommended as her successor by the Financial Services Institutional Bureau.

RBI Imposes Penalties on 353 Regulated Entities in FY25 Collects Over 54 Crore

The Reserve Bank of India imposed penalties on 353 regulated entities during the financial year 2024 to 2025 collecting over 54 crore rupees for various regulatory violations including KYC and cybersecurity issues.

ICAI to Review IndusInd Bank’s Financials Amid Fraud Concerns

The Institute of Chartered Accountants of India (ICAI) will review IndusInd Bank's financial statements for FY24 and FY25 following fraud concerns linked to discrepancies in foreign exchange derivative transactions.

Bank of Baroda won four awards at 12th Edition of India Fraud Risk Summit and Awards 2025

Bank of India and ICAR-CIFT Sign MoU to Boost Sustainable Aquaculture Development

Bank of India has signed an MoU with ICAR-CIFT, Kochi to promote sustainable development in the aquaculture sector, offering vital financial and technological support to fisheries and fish processing industries.

RBI to Auction 19000 Crore in Treasury Bills on May 28 Across Three Tenures

2.69 Lakh Crore RBI Dividend Bonanza, Dollar Sales Boost Growth

The dynamics of surplus for RBI were decided by its Liquidity Adjustment Facility (LAF) operations and interest income from its holding of domestic and foreign securities. The dynamics of surplus for RBI were decided by its Liquidity Adjustment Facility (LAF) operations and interest income from its holding of domestic and foreign securities.

RBI sold nearly $400 billion of foreign currency in FY25, sharply higher than previous fiscal

IndusInd Bank Uncovers Suspected Rs 2600 Crore Fraud Involving Senior Executives