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Bank of India Mobilises $2.4 Billion Through FCNR(B) Deposits

By Uniquetimesorg September 11, 2026 0

Bank of India has mobilised nearly $2.4 billion through Foreign Currency Non-Resident (Bank), or FCNR(B), deposits under the Reserve Bank of India’s concessional swap window. The state-owned lender plans to use the relatively cheaper funds to retire high-cost deposits and borrowings, while deploying a portion into higher-yielding assets, according to a source. The bank Continue Reading

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RBI Boost Lifts Bank Stocks

By Uniquetimesorg June 9, 2026 0

Indian banking stocks rose after the Reserve Bank of India introduced a concessional forex swap facility for lenders raising funds through overseas foreign currency borrowings. The measure is part of a broader effort to attract foreign capital and strengthen the economy as it faces inflationary and growth pressures linked to the prolonged Iran conflict. The […]Continue Reading

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Bombay High Court Clears Banks to Classify Anil Ambani Accounts as Fraud

By Uniquetimesorg February 24, 2026 0

The Bombay High Court has lifted a stay that had restrained three public sector banks from classifying industrialist Anil Ambani’s and Reliance Communications Ltd’s accounts as “fraud” under the Reserve Bank of India’s (RBI) Master Directions. A division bench led by Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad quashed a December 2025 interim order […]Continue Reading

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Kotak Mahindra Bank Q3 Profit Rises 4.2%, Misses Market Estimates

By Uniquetimesorg January 24, 2026 0

Kotak Mahindra Bank reported a 4.2% rise in its standalone net profit for the third quarter ended December, supported by steady loan growth and lower provisions for potential bad loans on a sequential basis. India’s third-largest private lender by market capitalisation posted a profit of ₹34.46 billion, according to a Reuters report released on Saturday. […]Continue Reading

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South Indian Bank Posts Record Q3 Profit as Asset Quality Improves

By Uniquetimesorg January 15, 2026 0

South Indian Bank reported its highest-ever quarterly profit in the December quarter, driven by steady growth in income and improved asset quality. The lender’s net profit rose 9% year-on-year to ₹374.32 crore in Q3 FY26, compared with ₹341.87 crore in the same period last year. Pre-provisioning operating profit increased 10% to ₹584.33 crore, reflecting stronger […]Continue Reading

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RBI Governor: India’s Economic Growth to Continue at a Rapid Pace in 2023

By uniquetimes June 14, 2023 0

According to Reserve Bank of India (RBI) Governor Shaktikanta Das, India’s economic growth in recent years has been primarily driven by strong domestic demand, particularly in terms of private consumption and investment. He expressed confidence that India will continue to be one of the fastest-growing major economies in 2023. Governor Das made these remarks during Continue Reading

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Banks May Face Rise In Bad Loans From Retail, Small Businesses: SBI Official

By uniquetimes February 23, 2023 0

An official with the largest lender in the nation indicated on Thursday that bad loans in the retail and small business sectors could rise from their current low levels in Indian banks. Loans to this sector have been expanding quickly, but there have only been a few defaults so far. “We cannot have a system […]Continue Reading