Talking about opportunities, Subramanian said the Bilateral Netting of Qualified Financial Contracts law that had been passed recently paves the way for credit derivatives.
This festive season, get the maximum benefit out of your credit card purchases
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.
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.
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
The promoters of Kotak Mahindra Bank and IndusInd Bank are currently in talks to seal the deal but nothing has been finalised
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.
Punjab & Sind Bank and IDBI Bank offer the highest savings bank interest rates among public sector banks. SBI offers lower rates
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.
Nayyar was appointed the executive vice-chairman in 2018 and has been leading the IL&FS resolution.
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
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.
In order to deconstruct banking, we begin with the term deposit. Do banks take ‘deposits’? No
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.
The extension has been given as per the notification of the Department of Financial Services, the Finance Ministry dated October 10, Canara Bank said.
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.
Yono or You Only Need One App is the lender’s integrated banking platform.
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.
Over 90 percent of the shareholders voted against Gurbaxani’s appointment on Wednesday while a tad above 9 percent voted in favour.
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.
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 had on September 21 released two sets of FAQs on its resolution framework for stressed loans during the COVID-19 pandemic.
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 released two sets of FAQs - one for personal loans and another for borrowings in the non-personal segment, such as corporate loans.
Providing access through a third-party like the National Payments Corporation of India could help prevent misuse and money laundering