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  • RBI Governor announces key measures to tide over COVID impact May 05, 2021 04:54 PM IST

    RBI Governor announces key measures to tide over COVID impact

    A quick wrap of the key announcements made by the RBI Governor, in an unscheduled address today, to tide over Covid second wave.

  • Why Kotak Bank is one of the best core portfolio stocks despite all the noise May 04, 2021 10:40 PM IST

    Why Kotak Bank is one of the best core portfolio stocks despite all the noise

    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.

  • IDFC cuts saving interest rate from 6% to 4%: Here are some banks offering highest interest rates on saving accounts Apr 30, 2021 03:40 PM IST

    IDFC cuts saving interest rate from 6% to 4%: Here are some banks offering highest interest rates on saving accounts

    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.

  • These banks offer highest interest rates on savings account Apr 26, 2021 09:38 AM IST

    These banks offer highest interest rates on savings account

    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.

  • Centre to decide on bank recapitalisation after Q1 results: Report Apr 22, 2021 02:26 PM IST

    Centre to decide on bank recapitalisation after Q1 results: Report

    For the current financial year, the government had allocated Rs 20,000 crore for capital infusion into the PSBs.

  • Banks' Q4FY21 preview | Private banks may post healthy numbers; all eyes will be on asset quality Apr 12, 2021 01:52 PM IST

    Banks' Q4FY21 preview | Private banks may post healthy numbers; all eyes will be on asset quality

    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.

  • Bank unions call for ‘intensifying struggle’ against Centre’s privatisation bid Apr 05, 2021 10:44 AM IST

    Bank unions call for ‘intensifying struggle’ against Centre’s privatisation bid

    The AIBEA said the general council called on its associated unions and members from across India “to continue the struggle against bank privatisation”

  • Auto-debit Rule: RBI extends timeline, warns banks of regulatory action Mar 31, 2021 02:59 PM IST

    Auto-debit Rule: RBI extends timeline, warns banks of regulatory action

    Auto-initiated payments for mobile phone, broadband, DTH, electricity, water and other utilities bill were likely to be impacted the most.

  • HDFC, PNB, SBI among top banks to make it to TRAI's list of defaulters over new SMS regulations Mar 26, 2021 08:32 PM IST

    HDFC, PNB, SBI among top banks to make it to TRAI's list of defaulters over new SMS regulations

    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.

  • Banks to ask Centre’s help to fund interest waivers: Report Mar 25, 2021 09:46 AM IST

    Banks to ask Centre’s help to fund interest waivers: Report

    The government, in October 2020, had announced a waiver of compound interest only on loans of up to Rs 2 crore.

  • Here's why banks will be shut for 7 days between March 27 to April 4 Mar 24, 2021 08:43 AM IST

    Here's why banks will be shut for 7 days between March 27 to April 4

    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.

  • Simply Save | Cheaper home loans: Is this the right time to buy a house? Mar 23, 2021 07:10 PM IST

    Simply Save | Cheaper home loans: Is this the right time to buy a house?

    With home loan interest rates starting at 6.65-7 percent, it is an ideal time to buy a house for self-use

  • Cheque book, passbook of these eight banks to become invalid from April 1 Mar 16, 2021 12:31 PM IST

    Cheque book, passbook of these eight banks to become invalid from April 1

    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.

  • Two-day nationwide bank strike from March 15, services may be hit Mar 14, 2021 11:33 AM IST

    Two-day nationwide bank strike from March 15, services may be hit

    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'.

  • India’s infra push won’t succeed without reducing NPAs in sector: Chief Economic Advisor Mar 09, 2021 12:14 PM IST

    India’s infra push won’t succeed without reducing NPAs in sector: Chief Economic Advisor

    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.

  • Anurag Thakur: Scheduled commercial banks wrote-off Rs 1.15 lakh crore in 9 months of FY21 Mar 09, 2021 09:21 AM IST

    Anurag Thakur: Scheduled commercial banks wrote-off Rs 1.15 lakh crore in 9 months of FY21

    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

  • Super Specialty hospital, hotel, land parcels: Over 500 properties up for sale in SBI’s mega e-auction Mar 04, 2021 05:07 PM IST

    Super Specialty hospital, hotel, land parcels: Over 500 properties up for sale in SBI’s mega e-auction

    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.

  • Bank holidays in March 2021 | 11 holidays, 2 days of bank strike: Check dates here Mar 01, 2021 01:07 PM IST

    Bank holidays in March 2021 | 11 holidays, 2 days of bank strike: Check dates here

    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.

  • Bank of Baroda launches QIP to raise up to Rs 4,500 crore Feb 25, 2021 10:04 PM IST

    Bank of Baroda launches QIP to raise up to Rs 4,500 crore

    The issue size is Rs 4,500 crore with the option to upsize up to an additional Rs 2,000 crore.

  • PSB privatisation: Can government outfox India’s powerful trade unions? Feb 19, 2021 06:02 PM IST

    PSB privatisation: Can government outfox India’s powerful trade unions?

    Reversing bank nationalisation is a politically sensitive step. But, the government seems to have a plan this time.

  • RBI sets up expert panel to review urban co-operative banks' regulations Feb 15, 2021 03:37 PM IST

    RBI sets up expert panel to review urban co-operative banks' regulations

    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

  • How MSMEs can partner with their Banks in 2021 Feb 10, 2021 01:48 PM IST

    How MSMEs can partner with their Banks in 2021

    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?

  • Subramanian Swamy moves SC seeking CBI probe into RBI officials' role in bank scams Feb 07, 2021 07:30 PM IST

    Subramanian Swamy moves SC seeking CBI probe into RBI officials' role in bank scams

    "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.

  • Cryptocurrency ban: RBI's proposed digital currency project and what it means for you, explained Jan 27, 2021 04:12 PM IST

    Cryptocurrency ban: RBI's proposed digital currency project and what it means for you, explained

    This tender is neither banned in India, nor is it legalised – making it hang somewhere in the grey zone.

  • Restore MDR on UPI and RuPay transactions, banks, payment firms ask Centre: Report Jan 11, 2021 10:31 AM IST

    Restore MDR on UPI and RuPay transactions, banks, payment firms ask Centre: Report

    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.”

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