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May 05, 2021 04:54 PM ISTA quick wrap of the key announcements made by the RBI Governor, in an unscheduled address today, to tide over Covid second wave.
May 04, 2021 10:40 PM IST Kotak Mahindra's stock has underperformed both the Nifty and Bank Nifty in the last three months as its overly cautious approach to growth often doesn’t go down well with growth-hungry investors. More recently, the capping of private bank CEO’s tenure to 15 years by the RBI has raised questions about the bank’s future leadership as founder CEO Uday Kotak’s term ends on December 2023.
Apr 30, 2021 03:40 PM IST Depending on the account, the minimum average quarterly balance (AQB) varies. The AQB must be Rs 5,000 and Rs 50,000 in urban areas for Standard Savings Account and Premium Savings Account respectively.
Apr 26, 2021 09:38 AM IST Depending on the account, the minimum average quarterly balance (AQB) varies. The AQB must be Rs 5,000 and Rs 50,000 in urban areas for Standard Savings Account and Premium Savings Account respectively.
Apr 22, 2021 02:26 PM IST For the current financial year, the government had allocated Rs 20,000 crore for capital infusion into the PSBs.
Apr 12, 2021 01:52 PM IST A favorable base of last year and lower provisioning requirement will boost earning numbers but earnings upgrades will depend on asset quality and business growth, brokerages point out.
Apr 05, 2021 10:44 AM IST The AIBEA said the general council called on its associated unions and members from across India “to continue the struggle against bank privatisation”
Mar 31, 2021 02:59 PM IST Auto-initiated payments for mobile phone, broadband, DTH, electricity, water and other utilities bill were likely to be impacted the most.
Mar 26, 2021 08:32 PM IST TRAI has asked operators to fully implement the new SMS rules from April 1 and has directed them to block messages from companies and telemarketers that are yet to comply with the norms.
Mar 25, 2021 09:46 AM IST The government, in October 2020, had announced a waiver of compound interest only on loans of up to Rs 2 crore.
Mar 24, 2021 08:43 AM IST There are only 2 working days between 27 March and 4 April. So, if you have two options - either do your bank-related work this week or wait till 3 April to get it done.
Mar 23, 2021 07:10 PM IST With home loan interest rates starting at 6.65-7 percent, it is an ideal time to buy a house for self-use
Mar 16, 2021 12:31 PM IST New cheque book and passbook will be issued to the account holders of these banks as the previous ones will become invalid from April 1.
Mar 14, 2021 11:33 AM IST All India Bank Employees Association general secretary CH Venkatachalam has claimed that 'about 10 lakh bank employees and officers of the banks will participate in the strike'.
Mar 09, 2021 12:14 PM IST Krishnamurthy Subramanian’s views echo that of RBI Governor Shaktikanta Das. In July 2020, Das had said a big push for mega infrastructure projects could reignite the economy, but banks saddled with infra-related NPAs, may not be best placed to finance these projects.
Mar 09, 2021 09:21 AM IST With regard to recovery of written-off bank loans, the Minister of State for Finance said, as per RBI guidelines, banks are required to have a loan recovery policy, duly vetted by their Boards that set down the manner of recovery of dues, period-wise targeted level of reduction in non-performing assets, etc
Mar 04, 2021 05:07 PM IST SBI will conduct what it calls a mega e-auction on March 5 (Friday). Bank auction properties can offer 20-23 percent discount to market rates. But, the buyer needs to evaluate the property carefully.
Mar 01, 2021 01:07 PM IST Banks will be closed for 11 days in March. In addition, there may be some disruption in services due to multiple strikes and protests against privatisation.
Feb 25, 2021 10:04 PM IST The issue size is Rs 4,500 crore with the option to upsize up to an additional Rs 2,000 crore.
Feb 19, 2021 06:02 PM IST Reversing bank nationalisation is a politically sensitive step. But, the government seems to have a plan this time.
Feb 15, 2021 03:37 PM IST The Indian banking system has witnessed a number of co-operative bank failures in recent years and the panel will examine issues in the sector and provide a roadmap
Feb 10, 2021 01:48 PM IST As the COVID-19 cases go down with the vaccine, businesses will manage more penetration with more consumption, but with a poor 2020, MSMEs will need funds to expand their own business to ride the consumption wave, how can they solve this puzzle?
Feb 07, 2021 07:30 PM IST "These scams have been caused due to the active connivance of the RBI officials which has failed to prevent these scams despite being vested with substantial powers under various legislations," Swamy said in the plea.
Jan 27, 2021 04:12 PM IST This tender is neither banned in India, nor is it legalised – making it hang somewhere in the grey zone.
Jan 11, 2021 10:31 AM IST The proposal includes “discounted MDR on RuPay to make it competitive with Visa and Mastercard” bank cards, and flat, “slab-based MDR on UPI transactions.”
