State-run banks together have around 86,000 branches across the country. These branches could provide a touchpoint for election authorities to reach out to voters through voter awareness programmes.

ET first reported on May 29 that BPEA EQT was set to acquire the education loans business from HDFC group. ET reported that the buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period.

Jammu and Kashmir Bank on Monday launched two mobile branches in Ladakh to offer banking services in remote areas of the Union Territory. "J&K bank today dedicated two mobile branches -- 'J&K Bank on Wheels' -- for public in Ladakh that will extend banking services to the people of various remote and unbanked areas of the UT," a spokesman of the bank said.

The Bombay High Court has issued an interim stay on the effect of circulars issued by the Reserve Bank of India, which empower banks to declare an account as fraudulent without a hearing. The court has granted the stay until September 11, when it will hold hearings on petitions filed by Jet Airways' former owners Naresh Goyal and Anita Goyal, which will challenge the central bank's approach, saying that denying borrowers a chance to be heard violates the principle of natural justice.

RBL Bank aims to increase its net interest margin (NIM) to 5.2% by March 2024 as it increases the share of higher-yielding assets in its loan book, while maintaining a share of unsecured loans such as credit cards and microfinance of more than 20% each year until March 2026. The bank intends to increase secured retail assets such as mortgages and loans against property to achieve a higher yield, and aims to reduce its wholesale lending from 44% to 30% of its loan book by end-FY26.

Financial Services Secretary Vivek Joshi on Saturday asked banks to collaborate and create policies for mobilizing capital towards green finance. Speaking at a seminar on 'Climate Finance and Risk', Joshi highlighted the fact that the financial sector is well positioned to incite a behavioural change in corporates and contribute towards building a sustainable society.

The Reserve Bank of India conducted a statutory inspection of the company concerning its financial position as of March 2021, and an examination of the risk assessment report, inspection report, supervisory letter, and all related correspondence pertaining to the same, had revealed non-compliance with the aforesaid directions to the extent it did not classify certain gold loan accounts with over-dues of more than 90 days as non-performing assets.

State Bank of India (SBI) on Friday paid a dividend of Rs 5,740 crore for the financial year 2022-23 to Finance Minister Nirmala Sitharaman. The dividend cheque was presented by SBI chairman Dinesh Kumar Khara in the presence of Financial Services Secretary Vivek Joshi.

Deposits in commercial banks in India increased by INR 3.26 lakh crore to INR 187 lakh crore in the first two weeks after the Reserve Bank of India announced the withdrawal of INR 2,000 notes, according to the latest data. Term deposits rose INR 2.65 lakh crore while demand deposits increased by INR 760,968 crore, resulting in an annual deposit growth rate of 11.8%, compared to 9.3% last year.