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  • Winds of change as banks push for video KYC, digital channels to acquire customers  Jun 03, 2020 11:15 AM IST

    Winds of change as banks push for video KYC, digital channels to acquire customers 

    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.

  • Moody's downgrades SBI, HDFC Bank after sovereign rating cut, explained Jun 02, 2020 07:52 PM IST

    Moody's downgrades SBI, HDFC Bank after sovereign rating cut, explained

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

  • Which bank is best for fixed deposit: Check out interest rates of top five banks Jun 01, 2020 05:43 PM IST

    Which bank is best for fixed deposit: Check out interest rates of top five banks

    Fixed deposit are also called term deposits. This is because money is deposited with a bank for a fixed predetermined time period or term.

  • COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed May 31, 2020 04:07 PM IST

    COVID-19 impact: LIC listing, IDBI Bank stake sale may be postponed

    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.

  • SEBI slaps Rs 3 crore fine on 5 entities in Bank of Rajasthan insider trading case May 31, 2020 01:33 PM IST

    SEBI slaps Rs 3 crore fine on 5 entities in Bank of Rajasthan insider trading case

    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

  • Seven of top-10 companies add Rs 1.76 lakh crore in m-cap; HDFC Bank shines May 31, 2020 10:58 AM IST

    Seven of top-10 companies add Rs 1.76 lakh crore in m-cap; HDFC Bank shines

    Reliance Industries Limited added Rs 21,300.4 crore to its market valuation to stand at Rs 9,28,849.39 crore.

  • New COVID-19 worry for banks — a big spike in NPAs from cab aggregator loans May 30, 2020 06:24 AM IST

    New COVID-19 worry for banks — a big spike in NPAs from cab aggregator loans

    With no visibility of revival and change in consumer behaviour with respect to public transport, cab aggregators worry about prolonged difficulties ahead.

  • Indian banks require $20 billion capital provision over next 12 months, says Credit Suisse May 28, 2020 03:23 PM IST

    Indian banks require $20 billion capital provision over next 12 months, says Credit Suisse

    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

  • India may need to pump $20 billion into coronavirus-hit state banks: Sources May 28, 2020 11:24 AM IST

    India may need to pump $20 billion into coronavirus-hit state banks: Sources

    The government initially considered a budget of around 250 billion rupees for bank recapitalisations but that has risen significantly

  • Little to cheer for banking sector on first anniversary of Modi government's second term May 26, 2020 05:37 PM IST

    Little to cheer for banking sector on first anniversary of Modi government's second term

    There were no real positives for banking sector in the past one year.

  • China says banks' bad loans high due to coronavirus, credit risks grow May 26, 2020 12:51 PM IST

    China says banks' bad loans high due to coronavirus, credit risks grow

    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.

  • 5 reasons why market may not have liked RBI's announcements: Experts May 22, 2020 03:24 PM IST

    5 reasons why market may not have liked RBI's announcements: Experts

    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.

  • Banks adopting different procedures while releasing pensions: Govt May 16, 2020 02:36 PM IST

    Banks adopting different procedures while releasing pensions: Govt

    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.

  • Coronavirus pandemic | Banks see a big jump in social media chatter as customers take to Twitter, Facebook May 13, 2020 02:43 PM IST

    Coronavirus pandemic | Banks see a big jump in social media chatter as customers take to Twitter, Facebook

    From queries on loan moratorium to KYC applications, banks flooded with queries on Facebook, Twitter and other social media.

  • SEBI eases compliance norms on consolidated results for banks, insurance companies May 12, 2020 04:55 PM IST

    SEBI eases compliance norms on consolidated results for banks, insurance companies

    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.

  • FM Nirmala Sitharaman meeting with heads of public sector banks gets deferred May 11, 2020 11:06 AM IST

    FM Nirmala Sitharaman meeting with heads of public sector banks gets deferred

    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

  • FM Nirmala Sitharaman to meet PSU bank chiefs today; to review credit flow May 11, 2020 07:20 AM IST

    FM Nirmala Sitharaman to meet PSU bank chiefs today; to review credit flow

    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.

  • SBI hikes FD rates for senior citizens: Does that make the deposits attractive? May 08, 2020 11:12 AM IST

    SBI hikes FD rates for senior citizens: Does that make the deposits attractive?

    Interest rates compare favourably with those of private banks, but the SCSS scheme offers better returns

  • COVID-19 crisis: Avoid using your credit card to pay rent May 08, 2020 09:05 AM IST

    COVID-19 crisis: Avoid using your credit card to pay rent

    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

  • COVID-19 impact: Here's why Indian banks won't come out of abyss anytime soon May 04, 2020 04:09 PM IST

    COVID-19 impact: Here's why Indian banks won't come out of abyss anytime soon

    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.

  • Tighter scrutiny of derivatives clearers proposed amid standoff with banks May 04, 2020 09:35 AM IST

    Tighter scrutiny of derivatives clearers proposed amid standoff with banks

    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.

  • RBI determined to make banks lend to crisis-ridden mutual funds: Will lenders pay heed? Apr 30, 2020 07:23 PM IST

    RBI determined to make banks lend to crisis-ridden mutual funds: Will lenders pay heed?

    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.

  • Why banks are not lending to small companies despite availability of cheap funds from RBI Apr 28, 2020 02:28 PM IST

    Why banks are not lending to small companies despite availability of cheap funds from RBI

    Their risk aversion has affected NBFCs and smaller MFIs the most.

  • Deferring loan payment by top rated companies indicates time for bail-out is now Apr 28, 2020 09:14 AM IST

    Deferring loan payment by top rated companies indicates time for bail-out is now

    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.

  • Coronavirus pandemic: Moody's says loan moratorium may lead to greater build-up of credit losses for banks Apr 21, 2020 01:49 PM IST

    Coronavirus pandemic: Moody's says loan moratorium may lead to greater build-up of credit losses for banks

    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.

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