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  • Data analytics, AI, can help improve quality of assets: CEA Subramanian Oct 29, 2020 01:05 PM IST

    Data analytics, AI, can help improve quality of assets: CEA Subramanian

    Talking about opportunities, Subramanian said the Bilateral Netting of Qualified Financial Contracts law that had been passed recently paves the way for credit derivatives.

  • 7 Smart spending tips for the festive season Oct 29, 2020 10:34 AM IST

    7 Smart spending tips for the festive season

    This festive season, get the maximum benefit out of your credit card purchases

  • RBI allows Maple Group to acquire up to 9.99% in RBL Bank Oct 28, 2020 04:46 PM IST

    RBI allows Maple Group to acquire up to 9.99% in RBL Bank

    Maple Group was one of the investors that participated in the bank’s preferential issue. The central bank granted its approval to Maple for acquiring a more than 5 per cent but up to 9.99 percent stake in RBL Bank.

  • Exclusive | Yes Bank's Ritesh Pai quits, set to join Dutch payments firm Oct 28, 2020 10:38 AM IST

    Exclusive | Yes Bank's Ritesh Pai quits, set to join Dutch payments firm

    Ritesh Pai had played an important role in shaping the digital banking strategy at Yes Bank. This was his second stint at the private sector lender.

  • 5 factors to consider before choosing a fixed deposit Oct 26, 2020 10:53 AM IST

    5 factors to consider before choosing a fixed deposit

    Deposits of up to Rs 5 lakh with any small finance and small private sector banks are as safe as having deposits with any of the large private sector banks and PSBs

  • Kotak Mahindra Bank is exploring takeover of IndusInd Bank: Reports Oct 25, 2020 09:36 PM IST

    Kotak Mahindra Bank is exploring takeover of IndusInd Bank: Reports

    The promoters of Kotak Mahindra Bank and IndusInd Bank are currently in talks to seal the deal but nothing has been finalised

  • Govt announces compound interest waiver on moratorium loans — here's is how it will affect borrowers Oct 24, 2020 11:03 PM IST

    Govt announces compound interest waiver on moratorium loans — here's is how it will affect borrowers

    Although the government has finally announced its scheme on waiving interest on interest on moratorium loans, the relief to small borrowers is minimal. You will still need to pay your principal and original interest.

  • Here are public sector banks that offer the best interest rates on savings accounts Oct 23, 2020 11:11 AM IST

    Here are public sector banks that offer the best interest rates on savings accounts

    Punjab & Sind Bank and IDBI Bank offer the highest savings bank interest rates among public sector banks. SBI offers lower rates 

  • SBI home loan festive offers: Bank extends up to 25 bps interest concession, additional benefits for women Oct 21, 2020 11:33 AM IST

    SBI home loan festive offers: Bank extends up to 25 bps interest concession, additional benefits for women

    SBI will offer a 20 bps interest concession on loans above Rs 75 lakhs, based on CIBIL score. An additional 5 percent will be given if the application is done through the YONO platform.

  • IL&FS Executive Vice-Chairman Vineet Nayyar resigns citing health reasons Oct 19, 2020 06:48 PM IST

    IL&FS Executive Vice-Chairman Vineet Nayyar resigns citing health reasons

    Nayyar was appointed the executive vice-chairman in 2018 and has been leading the IL&FS resolution.

  • New privatization policy ready; Cabinet to discuss note on 'strategic sectors' soon Oct 19, 2020 05:16 PM IST

    New privatization policy ready; Cabinet to discuss note on 'strategic sectors' soon

    Banking and insurance will be designated as 'strategic sectors', sources told Moneycontrol. Over the long run, the Centre will have only four PSUs in strategic sectors and exit the 'non-strategic sectors' completely

  • BoB, Accenture complete technology integration of former Vijaya Bank's branches Oct 19, 2020 03:11 PM IST

    BoB, Accenture complete technology integration of former Vijaya Bank's branches

    Accenture is now helping align former Dena Banks IT systems with Bank of Baroda, a joint statement said on Monday. The merger of Vijaya Bank and Dena Bank with Bank of Baroda in 2019 created the country's third largest public sector bank.

  • The importance of appreciating the essence of banking Oct 19, 2020 10:58 AM IST

    The importance of appreciating the essence of banking

    In order to deconstruct banking, we begin with the term deposit. Do banks take ‘deposits’? No

  • Lakshmi Vilas Bank board to meet on October 15 to consider rights issue Oct 12, 2020 09:33 PM IST

    Lakshmi Vilas Bank board to meet on October 15 to consider rights issue

    Moneycontrol first reported on October 1 that LVB has engaged with some of its existing institutional investors informally to understand if they will participate in a rights issue should the bank pursue the plan.

  • Govt extends tenure of 3 executive directors of Canara Bank, IOB Oct 12, 2020 05:23 PM IST

    Govt extends tenure of 3 executive directors of Canara Bank, IOB

    The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara Bank said.

  • Indian banks say government interest waiver will add to costs, spark litigation Oct 07, 2020 12:00 PM IST

    Indian banks say government interest waiver will add to costs, spark litigation

    In an October 2 filing with the Supreme Court, seen by Reuters, the government said it is amending a controversial clause in a relief plan that allowed distressed borrowers to skip repayments for six months but then charged them "interest-on-interest" on the delayed payments, putting them deeper in debt.

  • SBI looking to hive off Yono into separate subsidiary, says chairman Rajnish Kumar Oct 06, 2020 11:31 AM IST

    SBI looking to hive off Yono into separate subsidiary, says chairman Rajnish Kumar

    Yono or You Only Need One App is the lender’s integrated banking platform.

  • PNB reports Rs 1,203 crore fraud by Sintex Industries Sep 30, 2020 09:56 PM IST

    PNB reports Rs 1,203 crore fraud by Sintex Industries

    Bank has already made provisions amounting to Rs 215.21 crore, as per prescribed prudential norms for this, the lender said. It may have to make further provisions over several quarters.

  • Will wait for RBI directions before resigning, says Dhanlaxmi Bank’s ousted CEO Sunil Gurbaxani Sep 30, 2020 09:43 PM IST

    Will wait for RBI directions before resigning, says Dhanlaxmi Bank’s ousted CEO Sunil Gurbaxani

    Over 90 percent of the shareholders voted against Gurbaxani’s appointment on Wednesday while a tad above 9 percent voted in favour.

  • Business returning to pre-COVID levels: HDFC Bank MD Aditya Puri Sep 30, 2020 08:09 PM IST

    Business returning to pre-COVID levels: HDFC Bank MD Aditya Puri

    Launching the second edition of the bank’s 'Festive Treats' offers, Puri also urged customers to shake off the gloom and return to the buying mode.

  • RBI may select CEO for Lakshmi Vilas Bank from bank’s provided candidate list: Report Sep 29, 2020 12:17 PM IST

    RBI may select CEO for Lakshmi Vilas Bank from bank’s provided candidate list: Report

    CEO S Sunder, at present holds interim charge and was suggested to fill the post fully – a decision that was rejected by shareholders through vote at the AGM last week.

  • SBI's Rajnish Kumar says not much demand yet for loan restructuring Sep 23, 2020 03:51 PM IST

    SBI's Rajnish Kumar says not much demand yet for loan restructuring

    SBI had on September 21 released two sets of FAQs on its resolution framework for stressed loans during the COVID-19 pandemic.

  • Finance Ministry move on merchant discount rates killing RuPay cards: Study Sep 23, 2020 09:45 AM IST

    Finance Ministry move on merchant discount rates killing RuPay cards: Study

    IIT Bombay study says since there is nil merchant discount rates on the card, banks may not be able to make any money on RuPay card transactions. As a result, Visa and Mastercard are gaining.

  • SBI's resolution framework | FAQs about personal loan restructuring Sep 22, 2020 10:50 AM IST

    SBI's resolution framework | FAQs about personal loan restructuring

    SBI released two sets of FAQs - one for personal loans and another for borrowings in the non-personal segment, such as corporate loans.

  • RBI, Centre working on way to allow NBFCs to conduct e-KYC: Report Sep 21, 2020 12:01 PM IST

    RBI, Centre working on way to allow NBFCs to conduct e-KYC: Report

    Providing access through a third-party like the National Payments Corporation of India could help prevent misuse and money laundering

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