Feb 01, 2020 02:47 PM IST
The government has already front loaded Rs 68,855 crore, out of Rs 70,000 crore earmarked for capital infusion for the current fiscal, to take care of the mega-merger plan announced in August last year
- Feb 01, 2020 11:27 AM IST
The strike call has been given by the United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions, including All India Bank Officers' Confederation (AIBOC), All India Bank Employees Association (AIBEA) and National Organisation of Bank Workers (NOBW) to press for wage revision pending since November 2017.
- Jan 31, 2020 09:03 AM IST
Services such as cheque clearances, cash deposit, cash withdrawal and loan disbursements at bank branches could be affected during the strike.
- Jan 27, 2020 09:48 PM IST
Vaidyanathan Iyer, Security Software Leader, IBM India and South Asia, said that user training and experience are as important as the regulatory framework and technology in building digital trust.
- Jan 27, 2020 03:37 PM IST
The trend of rising bad assets from student debts is not unique to Indian market.
- Jan 22, 2020 02:46 PM IST
In a report titled 'It's the Finance Sector, Stupid', released here, Greenpeace put the blame for the climate emergency at the feet of the banks, insurers and pension funds that participate in Davos summit.
- Jan 21, 2020 10:13 AM IST
The statement was in an affidavit filed with the SC against a petition filed by the Internet and Mobile Association of India (IAMAI).
- Jan 17, 2020 10:08 PM IST
Banks like HDFC Bank, ICICI Bank, Axis Bank, YES Bank, Bank of Baroda, Oriental Bank of Commerce, and NBFCs like Mahindra & Mahindra Financial Services apart from Srei Equipment Finance have signed up to lend and co-lend via iQuippo.
- Jan 10, 2020 01:14 PM IST
As many as 14 banks already provide the service, and NPCI estimates that around 30,000 ATMs could be brought live without significant hardware upgrades
- Jan 09, 2020 01:15 PM IST
Banks have still not come out of the corporate NPA mess and are wary of any new exposure, say experts
- Jan 08, 2020 03:47 PM IST
The time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism, he said.
- Jan 08, 2020 01:20 PM IST
While ‘auctioning’ a distressed bank is a bit of a stretch, RBI could very well consider playing the role of a matchmaker to merge weak banks with stronger ones.
- Jan 03, 2020 04:17 PM IST
Non-complaint businesses would face a daily penalty of Rs 5,000.
- Jan 02, 2020 12:36 PM IST
United Bank of India, which is to be merged with Punjab National Bank and Oriental Bank of Commerce has already written to the Government
- Jan 01, 2020 02:37 PM IST
The People's Bank of China said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective January 6. Many analysts had expected such a move was imminent.
- Jan 01, 2020 02:11 PM IST
The assets, comprising financial securities like shares of the United Breweries Holdings Ltd (UBHL), were attached by the special Prevention of Money Laundering Act (PMLA) court in 2016 when it declared Mallya a proclaimed offender.
- Dec 30, 2019 10:22 AM IST
India’s policy makers now have no option but to find ways and means of restoring the country’s financial sector to health speedily, without further dilly-dallying.
- Dec 27, 2019 08:19 PM IST
Loans given to real estate companies rose to Rs 2.01 lakh crore in June 2019, from Rs 1.05 lakh crore in June 2016, the RBI said in the Financial Stability Report released on December 27.
- Dec 24, 2019 03:49 PM IST
Mis-selling complaints against banks have jumped 92.57 per cent in 2018-19 over the previous year, according to RBI’s annual report
- Dec 23, 2019 03:10 PM IST
The Japanese technology conglomerate is now likely to enter the new year without the WeWork financing in place, the people said, adding the banks are also concerned about the risks involved in rescuing the U.S. office-sharing startup.
- Dec 20, 2019 06:29 PM IST
The Hyderabad DRT has asked Karvy to repay the dues within 15 days, failing which the firm's properties will be attached.
- Dec 20, 2019 08:53 AM IST
With loans being linked with repo-rate, when interest rates decline, your loan rate will also decrease correspondingly
- Dec 19, 2019 12:21 PM IST
However, some dismissed the fears as exaggerated as NEFT is predominantly used by retail customers where large outflows are rare
- Dec 18, 2019 09:58 PM IST
The lenders are hoping to recover money from Karvy by seeking the sale of broker’s assets which is pledged with bankers by the DRT. A source close to development told Moneycontrol, "Karvy's promoters pledged their own stake and other assets which are around worth of Rs 5,000 crore."
- Dec 17, 2019 12:26 PM IST
Merger related costs would reflect in Q3 and Q4 FY20, and banks thus expect another round of capital infusion after consolidation