New Delhi: The Supreme Court on Wednesday struck down the Reserve Bank of India (RBI) 2018 circular that barred banks...

Metal stocks witnessed healthy profits with Vedanta gaining by 3.7 per cent, Hindalco by 3.5 per cent and Tata Steel by 2.7 per cent. Automaker Maruti Suzuki was up by 3.4 per cent to close at Rs 7,242 per share.

Tata Steel moved up by 2.9 per cent. ICICI Bank edged higher by 2.9 per cent and IndusInd Bank by 2.3 per cent. Oil marketing firms like Indian Oil and Bharat Petroleum gained by 1.7 per cent each.

The number of customers using internet banking facility is more than 66 million and mobile banking services stand at 14.8 million. Downloads for YONO -- an integrated digital and lifestyle platform by SBI -- are over 23 million with more than 16 million logins per day.

Punjab National Bank, Oriental Bank of Commerce and United Bank of India will be merged into one bank, announces Finance Minister Nirmala Sitharaman.

It said banks' impaired loans ratio has declined to 10.8 per cent in first nine months (April to December) of fiscal 2018-19 from 11.5 per cent in the financial year ending March 2018 (FY 18), marking a reversal in trend.

In an interview to Republic Bharat news channel on March 29, Prime Minister Modi had expressed satisfaction over the fact that Mallya's extradition process was in the last stage and the government has recovered money from him.

In a bid to rev up the flagging economy and prevent it from further slide, the Central government on Wednesday announced recapitalization plan for 12 public sector banks.

The bank said it is doing everything possible to ensure that no such weaknesses remain in the process used by the service providers that SBI uses for its various services.

New Delhi: Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26, one of the...