Jun 03, 2020 11:15 AM IST
Buoyed by RBI’s video KYC guidelines, banks are looking for a faster, cheaper way of getting new customers as social distancing becomes the new normal.
- Jun 02, 2020 07:52 PM IST
Moody's has downgraded the long-term local and foreign currency deposit ratings of HDFC Bank and SBI.
- Jun 01, 2020 05:43 PM IST
Fixed deposit are also called term deposits. This is because money is deposited with a bank for a fixed predetermined time period or term.
- May 31, 2020 04:07 PM IST
The government aims to garner Rs 90,000 crore from the listing of LIC and stake dilution in IDBI Bank out of total the disinvestment target of Rs 2.10 lakh crore during the current fiscal.
- May 31, 2020 01:33 PM IST
Markets regulator Sebi has imposed a penalty of Rs 3 crore on five entities, including former promoters, in the case of alleged insider trading in the shares of erstwhile Bank of Rajasthan
- May 31, 2020 10:58 AM IST
Reliance Industries Limited added Rs 21,300.4 crore to its market valuation to stand at Rs 9,28,849.39 crore.
- May 30, 2020 06:24 AM IST
With no visibility of revival and change in consumer behaviour with respect to public transport, cab aggregators worry about prolonged difficulties ahead.
- May 28, 2020 03:23 PM IST
Rising risk aversion and rating downgrades are likely to add to banks’ asset quality stress. The virus crisis has taken a toll on the asset quality of banks
- May 28, 2020 11:24 AM IST
The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly
- May 26, 2020 05:37 PM IST
There were no real positives for banking sector in the past one year.
- May 26, 2020 12:51 PM IST
China's banking and insurance regulator said on Tuesday that bad loans at banks now stand at a high level due to the impact of the coronavirus pandemic.
- May 22, 2020 03:24 PM IST
In a surprise move, the Reserve Bank of India (RBI) slashed report rate by 40 bps to 4 percent and the reverse repo rate now stands at 3.35 percent.
- May 16, 2020 02:36 PM IST
The ministry has issued consolidated guidelines to chairman and managing directors (CMDs) of pension disbursing banks to create awareness among Central Pension Processing Centre (CPPC)/ bank branches on updated rules and instructions in this regard.
- May 13, 2020 02:43 PM IST
From queries on loan moratorium to KYC applications, banks flooded with queries on Facebook, Twitter and other social media.
- May 12, 2020 04:55 PM IST
In addition, it has extended the exemption given to listed companies from publication of advertisement in newspapers about their board meetings, financial results and other events till June 30, SEBI said in a circular.
- May 11, 2020 11:06 AM IST
The meeting, to be held via video-conferencing, was to discuss various issues, including credit offtake, as part of efforts to prop up the economy hit by the COVID-19 cris
- May 11, 2020 07:20 AM IST
The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said.
- May 08, 2020 11:12 AM IST
Interest rates compare favourably with those of private banks, but the SCSS scheme offers better returns
- May 08, 2020 09:05 AM IST
If you find yourself in financial difficulty, meet your house owner and explain your situation. Ask for a grace period of two to three months
- May 04, 2020 04:09 PM IST
Bankers and analysts expect significant spike in non-performing assets going ahead. The pain may not be visible immediately since the RBI has extended regulatory relaxations.
- May 04, 2020 09:35 AM IST
Global regulators have proposed tighter scrutiny of clearinghouses handling trillions of dollars in derivatives trades after calls from banks for them to be better funded to withstand extreme stress.
- Apr 30, 2020 07:23 PM IST
Banks fear huge bad loans going ahead from such exposure in low-rated papers where mutual funds have parked money. Someone needs to guarantee these loans, ideally the government or the central bank.
- Apr 28, 2020 02:28 PM IST
Their risk aversion has affected NBFCs and smaller MFIs the most.
- Apr 28, 2020 09:14 AM IST
A report by rating agency ICRA shows that several blue-chip companies, including some that are triple-A rated and those belonging to top business groups, have sought payment relief from lenders.
- Apr 21, 2020 01:49 PM IST
In a report on Asia Pacific region, Moody's on Tuesday said while policy stimulus will shore up credit quality for larger companies in sectors, including airline and oil and gas, Asia's banking sector profitability will also decline from deteriorating asset quality and lower net interest margins.