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RBI Governor Shaktikanta Das said the growth outlook has improved significantly and the vaccination drive will help the economic rebound.

SBI, Kotak Bank, IndusInd Bank, HDFC, ONGC and Axis Bank were top gainers in the Sensex pack.

The development follows recent outage in the bank's internet banking and payment system on November 21, 2020 due to a power failure in the primary data centre.  

On a standalone basis, the country's second largest private sector lender by assets showed a 19.12 per cent rise in the post-tax profit at Rs 4,939.59 crore for the reporting quarter

While one can take comfort in IMF’s praise for India’s “very decisive” steps to deal with the pandemic, several challenges need to be overcome

He, however, did not share details on the Covid-related loan restructuring for SBI citing the silent period ahead of the results.

The RBI made the remarks in a booklet titled "Payment and Settlement Systems in India" released this week.

Total income of the bank fell to Rs 22,070.52 crore during October-December period of 2020-21 from Rs 23,134.67 crore in the year-ago quarter, Bank of Baroda said in a regulatory filing.

The economy contracted by a massive 23.9 per cent in the first quarter and 7.5 per cent in the second quarter on account of the COVID-19 pandemic.

Pension scheme for cooperative bank staff, assures NAFSCOB chief

Setting up a BIC as a holding company or a core investment company was suggested by the P J Nayak Committee in its report on 'Governance of Boards of Banks in India'.

There have been reports about individuals/small businesses falling prey to the growing number of unauthorised digital lending platforms/Mobile Apps

RBI Governor asked banks to exploit the current conditions to augment capital and also alter their business models, which will help in the future

As these are non-interest bearing and issued at par to a bank, it would be an investment, without any return

CiC grew by Rs 3,23,003 crore, or 13.2 per cent, to Rs 27,70,315 crore as on January 1, 2021 from Rs 24,47,312 crore as on March 31, 2020, according to recent data released by the Reserve Bank of India (RBI)

Creation of actuarial credit risk reserve instead of a bad bank is a more feasible option

CCPA Chief Commissioner Nidhi Khare stated that 2,850 complaints pertaining to "transactions failed/cancelled but money not refunded" forming 20 per cent of grievances registered in the banking sector

In the previous week to December 18, the reserves had surged by $2.563 billion to a lifetime high of $581.131 billion

A current account deficit of $7.6 billion or 1.1 per cent of the GDP was recorded in the second quarter of 2019-20.

On the other hand, India's forex reserves continued to rise, indicating, an active Reserve Bank which has kept rupee in a check, to make exports competitive.