Banking operations were hit on Tuesday by the day-long, nation-wide strike called by employees of public sector banks, with ATMs running dry at various places across the country. The All India Bank Employees‘ Association (AIBEA) claimed success, saying all the branches kept their shutters down.
The National Commodity and Derivatives Exchange (NCDEX) today said it has offered Farmer Producer Organisations (FPOs) to deposit their produce in exchange approved warehouses, immediately after taking a sell position on the exchange platform.
Compat has dismissed the appeal of Binani Cement seeking waiver of the direction to deposit with it 10 percent of the total penalty amount which was imposed by Competition Commission in a cartelisation case.
IndusInd Bank's results is a wake-up call for all doomsday experts who believed the economy will ground to a standstill
Banks are the conduit through which the benefits of a high deposit base are likely to accrue. But if banks use it as a toll gate and start charging for every transaction, the economy would go back to its old ways.
NRIs and Indian nationals abroad can deposit up to Rs 25,000 of the demonetised currency during the 3-6 month grace period, but only if they show the junked notes to Customs officials at the airport and get declaration form stamped.
With the last date for paying the first installment of due taxes and penalty under the one-time black money window IDS nearing, banks have been asked to accept the old Rs 500 notes from the declarants under the scheme and not seek the source of funds from them.
Individuals have been flying into Nagaland from Delhi with scrapped notes in attempts to put it into tribals' accounts, say sources. The I-T department is currently looking into security breaches at Hissar, Delhi and Dimapur airports.
As part of the demonetisation drive, the government has asked all religious bodies to maintain a daily balance sheet and deposit donations received, in banks, on a daily basis. Religious places had been seeing a surge in donations after the ban. Manisha Gupta is at Mumbai's Siddhivinayak temple with a ground check.
The domestic industry has been "substantially" harmed by the dumping of DDGs, the Ministry of Commerce said in its preliminary ruling following an investigation launched earlier this year.
Yes Bank has traditionally been a corporate-focused lender. How was it then emerged as a bank with one of the healthiest banks despite the economic slowdown and ensuing NPA crisis?
Outstanding loans rose 269.10 billion rupees (USD 4.03 billion) to 68.31 trillion rupees in the two weeks to November 13. Non-food credit rose 277.30 billion rupees to 67.29 trillion rupees, while food credit fell 8.10 billion rupees to 1.02 trillion rupees.
Real interest rates have been positive for over a year, ending almost a decade of negative rates, during which fast-rising prices ate away at whatever savers earned on deposits, and hardened their preference to hold gold and property.
The People's Bank of China (PBOC) said on its website that it was lowering the one-year benchmark bank lending rate by 25 basis points to 4.35 percent, effective from Oct 24.
The hot-button issue of transmission of interest rate cuts is a much discussed issue in financial circles.
Watch the interview of Harshvardhan Roongta of Roongta Securities with Latha Venkatesh and Reema Tendulkar on CNBC-TV18, in which he spoke about bank recurring deposit and equity fund investment.
Public sector banks (PSBs) had 73.2 percent and 73.9 percent market share in credits and deposits respectively as of end March 2014, as per the latest report by the Reserve Bank.
All banks will have the same deposit rate for maximum one-three years. Chances are that since all banks have same base rate, they will have same one year deposit rate.
UBS expects HDFC's earnings (standalone) to improve from 15 percent CAGR over FY12-14 to 20 percent CAGR in FY16-FY17E. It has upgraded ratings on the stock with a revised target price of Rs 1300.
As CNBC-TV18 celebrates its 15 years of leadership in the business space, it sits down with a business leader whose organization has seen a similar stellar run over the same period. In an interaction, CNBC-TV18's Shereen Bhan spoke with Chanda Kochhar, MD and CEO of ICICI Bank, who talks about its journey and the outlook ahead.
Third-quarter earnings for UCO Bank from treasury gains as the banking system witnessed large FCNR deposits and as bond yields came down thanks to the Reserve Bank of India‘s recent liquidity-boosting measures, Arun Kaul, Chairman, UCO Bank, told CNBC-TV18.
For membership of debt segment, the Securities and Exchange Board of India (Sebi) said that no additional deposit and annual fee would be required for stock brokers or clearing members who are already members of clearing corporation.
Ahead of the mid-quarter review of monetary policy tomorrow, the State Bank of India has said if the apex bank cannot reduce CRR rate, which is a must for lending rate cuts by banks, they should pay interest on cash reserves that banks park with the monetary authority.
SS Mundra, Chairman of Bank of Baroda said that their home loans are at single common interest rate of 10.25 percent.
In the first such move since RBI cut its key rates last week, state-run IDBI Bank today cut its fixed deposit rate offering in two maturities by up to 0.50 per cent.