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  • Budget 2020: FM Sitharaman pulls the plug on PSU bank recapitalisation Feb 01, 2020 02:47 PM IST

    Budget 2020: FM Sitharaman pulls the plug on PSU bank recapitalisation

    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

  • Nation-wide strike impacts banking services at PSU banks Feb 01, 2020 11:27 AM IST

    Nation-wide strike impacts banking services at PSU banks

    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.

  • Bank strike: May affect Branch and ATM functions, digital channels to stay open  Jan 31, 2020 09:03 AM IST

    Bank strike: May affect Branch and ATM functions, digital channels to stay open 

    Services such as cheque clearances, cash deposit, cash withdrawal and loan disbursements at bank branches could be affected during the strike.

  • Banks should focus on building 'digital trust' amid rising cyber threats, says IBM executive Jan 27, 2020 09:48 PM IST

    Banks should focus on building 'digital trust' amid rising cyber threats, says IBM executive

    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.

  • Why have Indian banks stopped lending to students? Jan 27, 2020 03:37 PM IST

    Why have Indian banks stopped lending to students?

    The trend of rising bad assets from student debts is not unique to Indian market.

  • Greenpeace challenges banks over $1.4 trillion invested in fossil fuels Jan 22, 2020 02:46 PM IST

    Greenpeace challenges banks over $1.4 trillion invested in fossil fuels

    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.

  • Cyptocurrency not banned in India, RBI says in Supreme Court Jan 21, 2020 10:13 AM IST

    Cyptocurrency not banned in India, RBI says in Supreme Court

    The statement was in an affidavit filed with the SC against a petition filed by the Internet and Mobile Association of India (IAMAI).

  • Lenders take digital route to co-lending with NBFCs Jan 17, 2020 10:08 PM IST

    Lenders take digital route to co-lending with NBFCs

    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.

  • Cash deposits at any ATM, regardless of bank, may soon be a reality: Report Jan 10, 2020 01:14 PM IST

    Cash deposits at any ATM, regardless of bank, may soon be a reality: Report

    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

  • Banks' risk aversion causing severe credit squeeze; brokerages pick these names for investment Jan 09, 2020 01:15 PM IST

    Banks' risk aversion causing severe credit squeeze; brokerages pick these names for investment

    Banks have still not come out of the corporate NPA mess and are wary of any new exposure, say experts

  • Banks will see good Q3, Q4 on resolution of large NPAs: SBI Chairman Jan 08, 2020 03:47 PM IST

    Banks will see good Q3, Q4 on resolution of large NPAs: SBI Chairman

    The time taken for resolution of bad loans is also likely to reduce going ahead with stronger resolution mechanism, he said.

  • RBI wants to punish weaker banks that are perennially sick. But how far can it go? Jan 08, 2020 01:20 PM IST

    RBI wants to punish weaker banks that are perennially sick. But how far can it go?

    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.

  • Finance Ministry implores banks to boost RuPay, UPI infra: Report Jan 03, 2020 04:17 PM IST

    Finance Ministry implores banks to boost RuPay, UPI infra: Report

    Non-complaint businesses would face a daily penalty of Rs 5,000.

  • Non-anchor PSBs approach govt for post-merger branding: Report Jan 02, 2020 12:36 PM IST

    Non-anchor PSBs approach govt for post-merger branding: Report

    United Bank of India, which is to be merged with Punjab National Bank and Oriental Bank of Commerce has already written to the Government

  • China cuts banks' reserve requirements again to spur slowing economy Jan 01, 2020 02:37 PM IST

    China cuts banks' reserve requirements again to spur slowing economy

    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.

  • Banks allowed to utilise Vijay Mallya's movable assets to clear debt Jan 01, 2020 02:11 PM IST

    Banks allowed to utilise Vijay Mallya's movable assets to clear debt

    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.

  • Chart of the Day | India’s banking sector among the weakest in emerging markets Dec 30, 2019 10:22 AM IST

    Chart of the Day | India’s banking sector among the weakest in emerging markets

    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.

  • Indian lenders’ exposure to real estate doubled in last 4 years: RBI report Dec 27, 2019 08:19 PM IST

    Indian lenders’ exposure to real estate doubled in last 4 years: RBI report

    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.

  • Know your rights and protect yourself from your bank’s mis-selling practices Dec 24, 2019 03:49 PM IST

    Know your rights and protect yourself from your bank’s mis-selling practices

    Mis-selling complaints against banks have jumped 92.57 per cent in 2018-19 over the previous year, according to RBI’s annual report

  • SoftBank's $3 billion WeWork financing talks stall with Japan banks: Sources Dec 23, 2019 03:10 PM IST

    SoftBank's $3 billion WeWork financing talks stall with Japan banks: Sources

    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.

  • ICICI Bank moves Hyderabad DRT to recover dues from Karvy Dec 20, 2019 06:29 PM IST

    ICICI Bank moves Hyderabad DRT to recover dues from Karvy

    The Hyderabad DRT has asked Karvy to repay the dues within 15 days, failing which the firm's properties will be attached.

  • Banks and fintech wrap 2019: Repo-linked loans, PSB mergers, digital payment boom and PMC Bank crisis Dec 20, 2019 08:53 AM IST

    Banks and fintech wrap 2019: Repo-linked loans, PSB mergers, digital payment boom and PMC Bank crisis

    With loans being linked with repo-rate, when interest rates decline, your loan rate will also decrease correspondingly

  • 24x7 NEFT | Anxious banks say it will upset cash balance, raise concerns with RBI: Report Dec 19, 2019 12:21 PM IST

    24x7 NEFT | Anxious banks say it will upset cash balance, raise concerns with RBI: Report

    However, some dismissed the fears as exaggerated as NEFT is predominantly used by retail customers where large outflows are rare

  • Lenders drag Karvy to DRT for recovery of loans Dec 18, 2019 09:58 PM IST

    Lenders drag Karvy to DRT for recovery of loans

    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."

  • Budget 2020 may ease merger burden for 10 state-run banks, capital infusion likely: Report Dec 17, 2019 12:26 PM IST

    Budget 2020 may ease merger burden for 10 state-run banks, capital infusion likely: Report

    Merger related costs would reflect in Q3 and Q4 FY20, and banks thus expect another round of capital infusion after consolidation

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