Yes Bank has been under the regulator’s lens after it reported divergences in classification of non-performing assets as compared to the assessment by the RBI.
The development comes days after the Centre announced a plan to merge three public sector lenders -- Bank of Baroda, Dena Bank and Vijaya Bank
Both pharmaceutical and IT sectors are showing positive movement on the back of a weak rupee.
Financial institutions today are able to gauge how risk-heavy a particular loan applicant could be, using vast data reams and financial records. Ever-increasing analytic capabilities are crunching on this data to streamline specific processes.
The total admitted debt of all 136 stressed companies stands at around Rs 57,378 crore, including claims of both financial and operational creditors
He added that Maharashtra, Gujarat and Karnataka account for over 70 percent of co-operative banks in the country
The result of the auction will be announced on the same day and payment to successful participants will be on Friday
Earlier this month, State Bank of India (SBI) had increased the lending rate by 20 basis points, or 0.20 percent, across all tenors up to three years
In an interview to Business Standard, Marc Faber talked about lessons from the 2008 global financial crisis that rattled markets exactly 10 years ago.
In a filing to the stock exchanges, HDFC Standard Life said Chaudhry, Managing Director & CEO of the company, has tendered his resignation.
In this video, we demystify the popular myths surrounding plastic money.
SWIFT is the global financial messaging service, the wrongful use of which led to the biggest banking sector scam in Punjab National Bank, allegedly perpetrated by diamantaires Nirav Modi and Mehul Choksi
However, balance in any Jan Dhan scheme account cannot exceed Rs 50,000 at any given point
IPPB aims to include India’s rural population into the formal financial system. It will have 650 branches and 3250 access points across the country.
Depending on the type of account and the circumstances in which the fraud took place, the liability to be borne by customers can range from Rs 5,000 to Rs 25,000
The lender has cited demonetisation and Operation Clean Money as the reasons behind the estimated considerable increase in the number of income tax returns filed.
The move is aimed at creating better-capitalised and fewer lenders and improving the regulatory oversight
Google will offer instant, pre-approved loans to customers through the Google Pay app
The LIC board has given its in-principal approval to the preference share issue. IDBI Bank board will meet on August 31 to seek approval on the issue
Under the RBI's revised guidelines, liability will be shared by banks and customers depending on the circumstances under which the fraud took place.
The bank has asked its customers, who have ATM cards with magnetic stripes, to shift to EMV chip debit cards by December 31, 2018
The government feels that the nominees of the RBI should be on boards of banks at a time when banks are dealing with bad loans and cases of fraud
The new version includes features like one-time mandate, invoice in the inbox and signed intent and QR, apart from overdraft facility.
For the entire 2017-18, the bank had posted a net loss of Rs 743.80 crore due to high proportion of bad loans.
The unions have also decided to take out demonstration at all RBI centres on August 20.