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  • Not a single Rs 2,000 note printed in FY20 so far: Report Oct 15, 2019 07:10 PM IST

    Not a single Rs 2,000 note printed in FY20 so far: Report

    That the Central Bank has halted the printing of high value bank notes was conveyed by the Reserve Bank of India (RBI) in a response to an RTI query.

  • Another PMC Bank customer dies of heart attack Oct 15, 2019 07:07 PM IST

    Another PMC Bank customer dies of heart attack

    On October 14, Sanjay Gulati, another distressed depositor of the PMC bank, succumbed to a heart attack.

  • RBI has rejected Indiabulls Housing–Lakshmi Vilas Bank merger. What next? Oct 11, 2019 08:20 AM IST

    RBI has rejected Indiabulls Housing–Lakshmi Vilas Bank merger. What next?

    RBI’s rejection of the deal basically indicates that it does not trust the books of non-bank companies, particularly, those with links to the real estate sector. That would have ripple effect across the sector and increases the risk of contagion as fear and a trust deficit spreads throughout the financial system.

  • PSBs offering home loan options using customers’ CIBIL scores: Report Oct 10, 2019 04:11 PM IST

    PSBs offering home loan options using customers’ CIBIL scores: Report

    The floating rate is linked to an external benchmark and will be independent of the loan amount or duration.

  • Rs 1 lakh insurance guarantee on bank deposits one of the lowest globally Oct 09, 2019 02:04 PM IST

    Rs 1 lakh insurance guarantee on bank deposits one of the lowest globally

    India fared well below developed economies as well as its BRICS peers

  • 34 functional teams to smoothen merger of UBI, PNB, OBC Oct 02, 2019 12:29 PM IST

    34 functional teams to smoothen merger of UBI, PNB, OBC

    The merger is scheduled to come into force from April 1 next year.

  • Small savings schemes | Finance Ministry leaves PPF, NSC interest rates untouched Oct 01, 2019 02:04 PM IST

    Small savings schemes | Finance Ministry leaves PPF, NSC interest rates untouched

    The move is especially expected to benefit small savers and senior citizens

  • Messages claiming closure of 9 banks on social media is a hoax: RBI Sep 25, 2019 04:33 PM IST

    Messages claiming closure of 9 banks on social media is a hoax: RBI

    A similar rumour had spread back in 2017 after Whistleblower News India's video on Youtube claiming the same had gone viral.

  • 5 steps customers must take when banks merge Sep 24, 2019 09:23 AM IST

    5 steps customers must take when banks merge

    It is possible that some of the branches will be closed resulting in disruption of locker facilities, as also some of the ATM outlets being reshuffled etc.

  • 5 steps to smooth closure of your credit card account Sep 20, 2019 11:44 AM IST

    5 steps to smooth closure of your credit card account

    Always follow the right procedure when cancelling a credit card. Otherwise, it could adversely impact your personal finances and affect your credit report.

  • Banks need to take larger haircuts for any governance failure in NBFCs: RBI Governor Shaktikanta Das Sep 19, 2019 09:14 PM IST

    Banks need to take larger haircuts for any governance failure in NBFCs: RBI Governor Shaktikanta Das

    The market-linked mechanism would mean that current promoters go for a stake sale to bring new money into the set up.

  • EXCLUSIVE | Banks may have to cut stake in insurance firms to below 30% Sep 11, 2019 05:42 PM IST

    EXCLUSIVE | Banks may have to cut stake in insurance firms to below 30%

    Sources told Moneycontrol that the insurance regulator and banking regulator will clarify their position within the next three months.

  • No "witch hunt" in future for genuine decisions: Government to banks Sep 11, 2019 05:22 PM IST

    No "witch hunt" in future for genuine decisions: Government to banks

    MoS Finance Anurag Thakur said that banks should treat the Insolvency and Bankruptcy Code as the last resort for resolution of stressed assets and approach the NCLT only when other options have been explored.

  • Digging Deeper | The big bank merger - What, why, and what next? Sep 06, 2019 07:37 PM IST

    Digging Deeper | The big bank merger - What, why, and what next?

    In this episode of Digging Deeper, we look at the merger in some detail, what it means for the sector, and also take a look briefly at what the future could look like for the banking sector in India.

  • Hiring a bank locker? Here's a checklist of what you should know Sep 06, 2019 09:51 AM IST

    Hiring a bank locker? Here's a checklist of what you should know

    You will have to open a savings/current account with a bank if you do not have one already, pay rent in advance for the financial year and make a fixed deposit that covers rental charges for three years.

  • RBI data shows massive jump in UPI-based transactions Sep 05, 2019 08:03 PM IST

    RBI data shows massive jump in UPI-based transactions

    In terms of volume, UPI-based transactions increased to 5,353 million in 2018-19 from 915.2 million, a jump of 83 percent in a year, according to the data.

  • Editor's Take | Banks to link loans to external benchmarks to boost transparency Sep 05, 2019 07:06 PM IST

    Editor's Take | Banks to link loans to external benchmarks to boost transparency

    The interest rate under external benchmark shall be reset at least once in three months.

  • RBI makes it mandatory for banks to link retail loans with external benchmarks from Oct 1 Sep 04, 2019 08:10 PM IST

    RBI makes it mandatory for banks to link retail loans with external benchmarks from Oct 1

    The interest rate under external benchmark shall be reset at least once in three months, it said.

  • Bank consolidation: Need for better risk management Sep 04, 2019 05:11 PM IST

    Bank consolidation: Need for better risk management

    In order to ensure growth in future, it is crucial to have proper risk management practices to curb increase in distressed assets.

  • PNB board to consider Rs 18,000-crore capital infusion this week Sep 02, 2019 07:45 PM IST

    PNB board to consider Rs 18,000-crore capital infusion this week

    It comes against the backdrop of the government's announcement on August 30 about merging 10 public sector banks into four entities, as part of which PNB will merge Oriental Bank of Commerce (OBC) and United Bank of India (UBI) with itself.

  • Editor's Take | Mega bank merger and its implications Sep 02, 2019 07:29 PM IST

    Editor's Take | Mega bank merger and its implications

    Sakshi Batra is in conversation with Gaurav Choudhury, Deputy Executive Editor, Moneycontrol to discuss major issues faced by PSU banks and how the mega merger will help the government in realising the $5 trillion economy dream.

  • Policy Play | Will the PSU bank merger achieve its desired objective? Aug 31, 2019 08:02 AM IST

    Policy Play | Will the PSU bank merger achieve its desired objective?

    The banks being merged have been losing deposit and credit market share and any improvement in the near term is unlikely

  • PSU Bank Mergers | The more things change… Aug 30, 2019 08:04 PM IST

    PSU Bank Mergers | The more things change…

    The timing of the merger is questionable. Bank management bandwidth will be occupied by the merger instead of pushing through loans with proper due diligence

  • FM's measures to help India face global challenges, says ICICI Bank Aug 26, 2019 08:24 PM IST

    FM's measures to help India face global challenges, says ICICI Bank

    The government economic policies need to constantly focus on all four factors of production viz., land, labour, capital and entrepreneurship.

  • Pay gap between public and private sector bank chiefs widens Aug 26, 2019 01:19 PM IST

    Pay gap between public and private sector bank chiefs widens

    This difference in total daily remuneration has widened by about Rs 70,000 since FY17, when it was Rs 1.7 lakh. For instance, India’s largest bank, the State Bank of India (SBI) paid its chairman Rajnish Kumar Rs 8,092 per day in FY19, as compared to Rs 3.74 lakh that HDFC Bank Ltd, India’s largest private bank, paid its CEO Aditya Puri in FY19.

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