FE Online | December 11, 2017 11:36 AM
The FRDI Bill is far more depositor friendly than many other jurisdictions, which provide for statutory bail-in, where consent of creditors or depositors is not required for bail-in.
Jefferies | December 11, 2017 3:57 AM
SBI raising its bulk rates signals a normalising macro. Interest rates can only head higher from here, even though policy rates don’t immediately.
PTI | December 10, 2017 10:07 AM
Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches. The country’s largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others.
FE Bureau | December 10, 2017 5:33 AM
Financing of infrastructure projects would be facilitated by the government wherever banks are not able to fund the total requirements, Nitin Gadkari, Union minister for road transport and highways, said on Saturday.
FE Online | December 9, 2017 7:32 PM
FE Best Banks Awards 2015-16: Check full list of winners here.
PTI | December 7, 2017 4:50 PM
Analysts today said the Reserve Bank move to reduce merchant discount rate (MDR) on debit cards is negative for acquiring banks like HDFC Bank and Axis Bank in the short-term as the surge in volumes is unlikely to make up for the losses.
PTI | December 7, 2017 3:28 PM
The government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with national portal of electronic National Agriculture Market (e-NAM), a senior Agriculture Ministry official said today.
PTI | December 7, 2017 3:06 PM
Private lender ICICI Bank today said it has launched a digital service to allow customers to open a PPF account online, eliminating the need for furnishing paper documents.
PTI | December 6, 2017 11:33 PM
As part of capital raising plans, public sector lenders Allahabad Bank, United Bank have initiated process to make employees stakeholders by way of issuing employee stock option (ESOP).
PTI | December 6, 2017 7:53 PM
Leading bankers have welcomed the Reserve Bank decision to allow banks to refinance forex debt of high-rated domestic corporates.
FE Online | December 5, 2017 10:50 PM
Even as Bitcoin touches new highs fuelling investor interest, the Reserve Bank today warned the public of the risks of virtual currencies (VCs). Citing its earlier warnings on the subject, the central bank said, “in the wake of significant spurt in the valuation
Offerings (ICOs), RBI reiterates the concerns”.
PTI | December 5, 2017 4:57 PM
The delinquency rate in commercial vehicle loans and home loans are likely to remain stable in 2018 aided by healthy economic growth, says a report.
FE Bureau | December 5, 2017 4:59 AM
Punjab National Bank (PNB) on Monday sought shareholders’ nod to raise Rs 5,000 crore through various means, including a qualified institutional placement (QIP) or a rights issue.
FE Online | December 4, 2017 12:12 PM
Citing data from credit rating agency ICRA, The Indian Express reported that the loans written off by public sector banks surged to Rs 55,356 crore during April-September and are likely to breach Rs 1 lakh crore mark this financial year.
Bloomberg | December 4, 2017 12:01 PM
Bad things don’t happen to good banks. Or that’s the carefully crafted image projected by the world’s priciest lender. Assiduously shielding its loan book from the flying debris of India’s $207 billion bad-debt crisis, HDFC Bank Ltd. has kept its balance sheet in a near-pristine condition.
RBI defaulters list number 2: Lenders willing to take haircuts of 50-60 pct than risk firms’ liquidationShayan Ghosh | December 4, 2017 2:22 AM
Willing to take bigger haircuts of 50-60% rather than risk the firm being liquidated
The Financial Express | December 5, 2017 2:19 PM
No jury for FE Best Banks ever has an easy task; picking winners from a pool of top-class lenders can be tough. Neither is it easy to decide which banker is the most visionary or competent, which one never misses an opportunity.
PTI | December 3, 2017 6:21 PM
State Bank of India will “redesign” its envelopes used to dispatch tax refund cheques of customers to cover their PAN and contact numbers, after an activist raised that the crucial personal information was visible to anyone which may result in misuse, the bank said.
PTI | December 3, 2017 4:44 PM
As many as eight public sector banks (PSBs) have decided to raise capital from the market within four months as part of the Rs 2.11 lakh crore recapitalisation plan, according to official sources.
PTI | December 3, 2017 1:53 PM
Japan’s tax authorities penalised SoftBank Group Corp’s mobile carrier unit and ordered it to pay back taxes after it found the company hid about 140 million yen ($1.25 million) in taxable income, Yomiuri newspaper reported on Sunday.
PTI | December 3, 2017 12:29 PM
The banking sector has the potential to touch double-digit loan growth next year as there are signs of corporate demand picking up and other credit avenues stabilising, a top official of HDFC Bank has said.
PTI | December 3, 2017 11:28 AM
The Reserve Bank is likely to keep the key rate unchanged on Wednesday and stay focused on inflation control as the rebound in September quarter GDP growth – after a five quarter decline – seemed to have eased pressure on it to lower rates, experts said.
PTI | December 3, 2017 9:47 AM
The Monetary Policy Committee, which will be meeting next week, is likely to keep repo rates unchanged at 6 per cent on inflation concerns, says a study.
Reuters | December 1, 2017 2:38 PM
British state-owned Royal Bank of Scotland (RBS) said on Friday it will close 259 branches and cut 680 jobs as it reduces costs and encourages customers to use online and mobile services.
PTI | November 30, 2017 5:46 PM
Following the footsteps of the country’s largest lender SBI, Punjab National Bank (PNB) today raised interest rate on bulk deposit of over Rs 1 crore by 0.5 per cent.
IANS | November 30, 2017 1:25 AM
The Reserve Bank of India (RBI) on Wednesday cautioned some co-operative societies against the use of word “Bank” in their names.
IANS | November 30, 2017 12:22 AM
State-run Allahabad Bank on Wednesday said it would reduce its Marginal Cost of Funds-based Lending Rate (MCLR) by 5 basis points (bps) across all tenors with effect from December 1, making home, car and other loans cheaper.
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