Rapid digitisation and scaling up of non-banking businesses, from cards to insurance and MFs to YONO, have helped SBI transform itself

Focus on operating profit and building a low-cost franchise have helped the country's second-largest private bank claim the top position

HDFC Bank refused to compromise on profitability and tapped semi-urban and rural markets to emerge far ahead of rivals

A push for products that consume less capital has helped Federal Bank build a rock-steady institution

Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs

Among a series of glitches since 2020, the one at NSE is the latest, which forced India's largest bourse to shut down for nearly four hours. A look at some 'technical glitches' at major financial and industrial institutions that have occurred in recent past

SBI Cards and Payment Services, the credit card arm of SBI, has delivered a massive return of 117 per cent over the last nine months, from its 52-week low of Rs 495.25 as on May 22, 2020

The Economic Survey 2020/21 suggests that big spends in infrastructure and healthcare should be the government's priority to speed up post-pandemic recovery. Debt, according to the Survey, is not necessarily bad if borrowing more means faster growth

Budget Session 2021: Chief Economic Advisor KV Subramanian launches Economic Survey; says India took \"short term pain for long term gain\" and recognised that GDP growth will recover, lost human lives cannot be brought back, adds the CEA

The study, part of CPR's Accountability Initiative, says Modi government front-loaded payments under the PM-KISAN farmer income support programme and provided additional provisions for the Mid-Day Meal scheme

Stock of SBI Cards & Payments opened with a gain of 2.74% at Rs 1,006 and touched day's high of Rs 1,026 in the early session, rising 4.78%. The stock also touched day's low of Rs 979 against the last close of Rs 979.15.

SBI Cards & Payments had earlier seen its gross NPAs doubling to 4.29 per cent in the second quarter (July-Sept) of 2020-21. The gross NPAs stand at 1.61 per cent of gross advances in December 2020 as against 0.83 per cent a year ago

Plan submitted to RBI includes both short and long-term solutions, which may take up to three months to implement. HDFC Bank was barred from issuing any new credit cards on December 12, 2020, after a series of technical glitches

Posting a 5.1 per cent dollar revenue growth, its strongest Q3 growth in 9 years, TCS expects to get back to double-digit growth in CY21/FY22 buoyed by a strong total contract value of over $6.8 billion

The response came in wake of the RBI order to impose temporary restrictions on HDFC Bank's new digital initiatives until the bank fixes its IT systems

Last week, banking sector regulator Reserve Bank of India (RBI) had asked the bank to temporarily stop all launches under its digital 2.0 initiative and stop sourcing new credit card customers

Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare

The RBI Governor made this comment after the central bank on Thursday asked HDFC Bank to temporarily stop all launches of its upcoming digital business-generating activities and sourcing of new credit card customers after recent service outages

Draft directions on security of digital payment channels will be issued soon for public comments, he said

The RBI has advised HDFC Bank to temporarily stop all launches of the digital business generating activities planned under its program Digital 2.0, other proposed business generating IT applications and new credit card issuance