Battered by three decades of controversy, TMB looks back to the future

June was a memorable month for the 101-year-old Tamilnad Mercantile Bank (TMB). Last month, the Thoothukudi-based bank witnessed two new landmarks in a history in which the last three decades could......

India's forex reserves decline by $4.6 bn as RBI sells dollars

The fall in total reserves was mainly because of a decline in foreign currency assets worth $4.5 billion, the data showed. India’s foreign exchange reserves declined $4.6 billion to $596......

Loans to get more expensive as banks hike lending rates

A day after the Reserve Bank of India’s (RBI’s) Monetary Policy Committee hiked the policy repo rate by 50 basis points (bps), several commercial banks, including ICICI Bank and Bank of......

India Inc's profits rise 28% in March quarter, banks contribute the most

A strong performance by sectors including banking raised the profits of Indian companies by 28 per cent in the three months ended March 2022. Illustration: Uttam Ghosh/Rediff.com The rate of......