Oct 15, 2019 07:10 PM IST
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.
- Oct 15, 2019 07:07 PM IST
On October 14, Sanjay Gulati, another distressed depositor of the PMC bank, succumbed to a heart attack.
- Oct 11, 2019 08:20 AM IST
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.
- Oct 10, 2019 04:11 PM IST
The floating rate is linked to an external benchmark and will be independent of the loan amount or duration.
- Oct 09, 2019 02:04 PM IST
India fared well below developed economies as well as its BRICS peers
- Oct 02, 2019 12:29 PM IST
The merger is scheduled to come into force from April 1 next year.
- Oct 01, 2019 02:04 PM IST
The move is especially expected to benefit small savers and senior citizens
- Sep 25, 2019 04:33 PM IST
A similar rumour had spread back in 2017 after Whistleblower News India's video on Youtube claiming the same had gone viral.
- Sep 24, 2019 09:23 AM IST
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.
- Sep 20, 2019 11:44 AM IST
Always follow the right procedure when cancelling a credit card. Otherwise, it could adversely impact your personal finances and affect your credit report.
- Sep 19, 2019 09:14 PM IST
The market-linked mechanism would mean that current promoters go for a stake sale to bring new money into the set up.
- Sep 11, 2019 05:42 PM IST
Sources told Moneycontrol that the insurance regulator and banking regulator will clarify their position within the next three months.
- Sep 11, 2019 05:22 PM IST
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.
- Sep 06, 2019 07:37 PM IST
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.
- Sep 06, 2019 09:51 AM IST
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.
- Sep 05, 2019 08:03 PM IST
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.
- Sep 05, 2019 07:06 PM IST
The interest rate under external benchmark shall be reset at least once in three months.
- Sep 04, 2019 08:10 PM IST
The interest rate under external benchmark shall be reset at least once in three months, it said.
- Sep 04, 2019 05:11 PM IST
In order to ensure growth in future, it is crucial to have proper risk management practices to curb increase in distressed assets.
- Sep 02, 2019 07:45 PM IST
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.
- Sep 02, 2019 07:29 PM IST
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.
- Aug 31, 2019 08:02 AM IST
The banks being merged have been losing deposit and credit market share and any improvement in the near term is unlikely
- Aug 30, 2019 08:04 PM IST
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
- Aug 26, 2019 08:24 PM IST
The government economic policies need to constantly focus on all four factors of production viz., land, labour, capital and entrepreneurship.
- Aug 26, 2019 01:19 PM IST
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.