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.”
- Jan 11, 2021 07:32 AM IST
The Centre is considering easing NPA classification period to between 120-180 days from 90 days, thus making permanent a measure adopted during the pandemic and the nationwide lockdown, a top government official told Moneycontrol. The person added that such a move would require legislative changes.
- Jan 09, 2021 10:42 AM IST
The Reserve Bank of India has imposed a penalty of Rs 2.5 crore on Pune-based Bajaj Finance Limited. They have been charged for violating regulatory norms pertaining to recovery and collection methods from their borrowers. Watch the video to find out what are the rules that recovery agents, banks and NBFC should adhere to.
- Jan 08, 2021 07:31 PM IST
According to sources, economists who attended the meeting include former Rakesh Mohan, Ravindra Dholakia, Shankar Acharya, Arvind Panagariya, KV Kamath and Sonal Verma.
- Jan 05, 2021 09:26 AM IST
Average lending rates for fresh and outstanding loans across banks have fell 50 bps and 40 bps, respectively, from April to November 2020, while the RBI has cut repo rate by 115 bps since March 2020
- Dec 31, 2020 02:19 PM IST
Bankers and analysts believe retail NPAs rather than corporate bad loans will be a headache. Also, credit growth has to pick up if there is to be a meaningful recovery for the sector. With a full-fledged economic revival still some way off, some amount of pain will carry on into the next year.
- Dec 20, 2020 06:56 PM IST
Amid the falling fixed deposit (FD) interest rates in the last few months, retail investors can easily get swayed away by lucrative rates. IDFC First Bank, Bandhan Bank and small finance banks like Equitas and Utkarsh are offering 7 percent interest rates on savings accounts. Take a look…
- Dec 15, 2020 07:34 PM IST
Of the 22 states and union territories surveyed, Bihar and Manipur have reported the maximum increase in women having a bank or savings account that they themselves operate in 2019-20 compared to 2015-16.
- Dec 13, 2020 03:55 PM IST
This is what you need to know about the new cheque payment rule will come into effect from 1 January 2021.
- Dec 11, 2020 10:54 AM IST
With a host of bank mergers, customers will have to be prepared for new processes and systems
- Dec 01, 2020 12:46 PM IST
The holiday list is subject to change as bank holidays vary from states to states and are not observed by all banks. People wait for December month to celebrate Christmas and New Year as most people use their outstanding holidays for these occasions.
- Nov 30, 2020 01:31 PM IST
CAIT termed the joint workings of e-commerce companies like Amazon and Flipkart with banks as an ‘unholy nexus’ and ‘cartelisation of banks’.
- Nov 27, 2020 11:18 AM IST
This would make a new range of co-branded cards available to merchants via the app, similar to the fintech firm’s previous offerings with Citi Bank and SBI Card
- Nov 25, 2020 08:12 PM IST
S&P Global Ratings has said that Non-performing assets in the Indian banking sector are likely to witness an uptick and may shoot up to 11 percent of gross loans in the next 12-18 months. What does this mean for the banking system? Let's find out
- Nov 23, 2020 01:21 PM IST
RBI on November 20 released a report on the IWG recommendations on private bank ownership and corporate structure.
- Nov 23, 2020 10:54 AM IST
As per the proposal, put forward by the RBI’s internal working group on November 20, companies with assets over Rs 50,000 crore and with at least 10 years in business, will be eligible for the shift
- Nov 19, 2020 09:05 AM IST
SC hearing on Loan Moratorium LIVE Updates: The three judge bench comprising of Justices Ashok Bhushan, R. Subhash Reddy & MR Shah is hearing the loan moratorium and interest waiver case
- Nov 18, 2020 01:30 PM IST
SC on Loan Moratorium: The three judge bench comprising of Justices Ashok Bhushan, R. Subhash Reddy & MR Shah adjourned the case to today
- Nov 03, 2020 05:36 PM IST
A number of banking rules have come into effect from November 1, 2020 which will have a direct impact on your pocket. Here's all you need to know.
- Nov 03, 2020 05:09 PM IST
Finance Ministry said although RBI guidelines allow PSBs to raise charges in certain cases, all PSBs have indicated that they do not intend to make any revisions in the near future
- Nov 03, 2020 09:32 AM IST
SC on Loan Moratorium LIVE updates: A bench headed led by Justice Ashok Bhushan will resume hearing please seeking complete waiver of interest during the moratorium period on November 5.
- Oct 19, 2020 06:48 PM IST
Nayyar was appointed the executive vice-chairman in 2018 and has been leading the IL&FS resolution.
- Oct 16, 2020 09:15 AM IST
In a recent S&P Global Market Intelligence analysis, Indian banks dominated the list of 15 worst-performing bank stocks in the Asia-Pacific region during the September quarter. Sixteen of the 20 largest Asia-Pacific banks saw declines in their market capitalization in Q2 FY21. Indian bank stocks have been on a declining trend in 2020.