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  • Low interest rates critical for survival of banks, says veteran banker KV Kamath Jul 07, 2020 01:40 PM IST

    Low interest rates critical for survival of banks, says veteran banker KV Kamath

    "If interest rates are at 6 percent, NPA's will double in six years. Both cost of credit and the flow of credit both have to be looked at," he said adding that the problem with low interest, however, is that capital injection will be significantly lower.

  • 10 banks which pay high interest rates on savings accounts Jul 04, 2020 01:25 PM IST

    10 banks which pay high interest rates on savings accounts

    Large banks, both government-owned and from the private sector, give far lower interest rates to depositors. But some banks, especially smaller or newer ones, pay a higher interest rate on your balances in order to attract new business into banks.

  • 10 banks that offer the best interest rates on savings accounts Jul 03, 2020 09:56 AM IST

    10 banks that offer the best interest rates on savings accounts

    Some banks, especially smaller or newer ones, pay a higher interest rate on your balances

  • RBI pushes banks to upgrade ATM security norms: Report Jul 02, 2020 10:14 AM IST

    RBI pushes banks to upgrade ATM security norms: Report

    The central bank, which expected the upgrades to be done in a phased manner, is asking banks for updates on the progress.

  • Banks sanction Rs 62,870 crore to over 70 lakh Kisan Credit Card holders Jul 02, 2020 07:37 AM IST

    Banks sanction Rs 62,870 crore to over 70 lakh Kisan Credit Card holders

    "As on 30.06.2020, 70.32 lakh Kisan Credit Cards have been sanctioned with credit limit of Rs 62,870 crore out of Rs 2 lakh crore concessional credit under the #Aatmanirbhar package. This will benefit 2.5 crore farmers, including fishermen & dairy farmers," Finance Minister Nirmala Sitharaman said in a tweet.

  • Interest rates on small savings schemes like PPF, SCSS left unchanged Jul 01, 2020 10:59 PM IST

    Interest rates on small savings schemes like PPF, SCSS left unchanged

    Among the small savings schemes, Sukanya Samriddhi Account will fetch the highest interest rate at 7.6 percent

  • Unlock 2.0: Banks will charge for these services from July 1 Jul 01, 2020 10:37 AM IST

    Unlock 2.0: Banks will charge for these services from July 1

    Some of the relief measures announced for bank customers earlier will now be slowly rolled back

  • Five PSBs could have over Rs 8 lakh crore worth loans under moratorium: Report Jun 30, 2020 11:03 AM IST

    Five PSBs could have over Rs 8 lakh crore worth loans under moratorium: Report

    However, the amount is not absolute as only SBI has provided the moratorium data for periods before and after the COVID-19 outbreak

  • Contact-less fixed deposit: These banks offer special FD schemes Jun 29, 2020 01:42 PM IST

    Contact-less fixed deposit: These banks offer special FD schemes

    To maintain norms of social distancing and contact-less transactions, some banks provide fully contact-less FD schemes.

  • Here are 10 tax-saving fixed deposits offering high interest rates Jun 26, 2020 02:16 PM IST

    Here are 10 tax-saving fixed deposits offering high interest rates

    You can invest a maximum of Rs 1.5 lakh in these FDs

  • ATM cash withdrawal rules: Current relaxations may go from July 1 Jun 25, 2020 03:35 PM IST

    ATM cash withdrawal rules: Current relaxations may go from July 1

    Unless no further announcement is made, then previous ATM withdrawal rules will be restored again from July 1.

  • RBI instructs lenders to adhere to fair business practices Jun 24, 2020 05:56 PM IST

    RBI instructs lenders to adhere to fair business practices

    The central bank says it has received complaints of exorbitant interest rates, harsh recovery measures, and unauthorised use of personal data by lending platforms.

  • Fixed Deposit rates | Check out which banks are offering higher return on FDs Jun 24, 2020 01:44 PM IST

    Fixed Deposit rates | Check out which banks are offering higher return on FDs

    Key banks like State Bank of India (SBI) and HDFC Bank are offering interest rates between 4 percent and 6 percent on fixed deposits.

  • Know your rights to fend off recovery bullies unleashed by fintech lenders Jun 19, 2020 11:19 AM IST

    Know your rights to fend off recovery bullies unleashed by fintech lenders

    When you borrow, you’ve got to repay. But lenders cannot humiliate you and use aggressive methods for recovery

  • Loan moratorium: Why rewarding prompt repayments may work better than interest waivers Jun 19, 2020 09:18 AM IST

    Loan moratorium: Why rewarding prompt repayments may work better than interest waivers

    A win-win proposal would be offering a ‘prompt payment’ discount to all borrowers who pay all their instalments on time after availing the moratorium facility.

  • Interest rate waivers for bank loans during moratorium will harm depositors: AIBDA Jun 17, 2020 12:05 PM IST

    Interest rate waivers for bank loans during moratorium will harm depositors: AIBDA

    Bank depositors will be "severely hit" if a waiver on interest rates is allowed, as banks would inevitably seek to cover their potential or actual loss of interest income through further cutbacks in the deposit interest rates, it said.

  • 4 factors that may hurt your credit score despite the loan moratorium Jun 16, 2020 08:52 AM IST

    4 factors that may hurt your credit score despite the loan moratorium

    Every time you skip an EMI or a credit card payment, your scores get impacted

  • Interest rates on gold loans turn cheaper as prices soar Jun 15, 2020 09:19 AM IST

    Interest rates on gold loans turn cheaper as prices soar

    But applicants need to factor in their repayment capacity while availing gold loans

  • RBI proposes capping bank promoters' CEO term at 10 years Jun 11, 2020 08:49 PM IST

    RBI proposes capping bank promoters' CEO term at 10 years

    The central bank has also sought views on the same by July 15.

  • SBI cuts MCLR; Here are banks offering lowest interest rates on home loans Jun 09, 2020 02:10 PM IST

    SBI cuts MCLR; Here are banks offering lowest interest rates on home loans

    Here's a list of banks that are offering lowest interest rates on home loan.

  • Capital requirements for banks set to rise amid worsening asset quality: ICRA Jun 05, 2020 12:46 PM IST

    Capital requirements for banks set to rise amid worsening asset quality: ICRA

    ICRA estimates the gross non-performing asset (NPAs) could rise to 11.3-11.6 percent by March 2021 from an estimated level of 8.6 percent for March 2020

  • Agents should be given a fixed remuneration to ensure viability of business correspondents: BCFI Jun 04, 2020 02:49 PM IST

    Agents should be given a fixed remuneration to ensure viability of business correspondents: BCFI

    BCFI is the industry body for business correspondents or 'bank mitras' who provide rural payments, account opening and other basic banking services to customers.

  • Business Insight | Moody's downgrades SBI, HDFC Bank; should investors worry? Jun 03, 2020 10:48 PM IST

    Business Insight | Moody's downgrades SBI, HDFC Bank; should investors worry?

    Moody's has downgraded the long-term local and foreign currency deposit ratings of HDFC Bank and SBI.

  • Centre starts discussions on privatisation of public sector banks: Report Jun 03, 2020 04:08 PM IST

    Centre starts discussions on privatisation of public sector banks: Report

    Government think-tank NITI Aayog’s suggestions include allowance of ‘long term private capital’ in the banking sector, besides provision of banking licenses to select industrial houses under strict qualifications

  • Cabinet approves six-month IBC holiday for NPAs; what will be the impact on banks? Jun 03, 2020 03:44 PM IST

    Cabinet approves six-month IBC holiday for NPAs; what will be the impact on banks?

    This will be applicable for NPAs (non-performing assets) after March 25. This was one of the proposals Finance Minister Nirmala Sitharaman had announced in her series of press conferences on the Rs 20 lakh crore economic package.

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