Page 60 of banking sector

Uni Cash is a product built to transfer a customer’s credit line directly to their bank account instantly. The company has decided to extend a zero-charge partial limit on Uni Cash till September 21, 2022.

Uni temporarily suspends two of its cards

Uni, which was one of SBM’s card partners, said the process will begin in phases for its customers starting Friday,…

August 20, 2022 00:15 IST

RBI clarifies on bank privatisation after article draws attention, says views not its but of authors

The research paper published in the August 2022 issue of RBI Bulletin said “the gradual approach to privatisation adopted by…

August 19, 2022 17:23 IST

SBI sells KSK Mahanadi Power loan account to Aditya Birla ARC for Rs 1,622 crore

“SBI initiated open offer e-auction towards sale of fund based exposure of KSK Mahanadi Power Co. Ltd on 100 per…

August 19, 2022 15:02 IST

privatisation of banks, rbi on privatisation of banks, rbi paper on privatisation of banks

RBI paper wants gradual privatisation of banks

Although private banks have been making some inroads in rural areas, their progress remains slow. For example, PSBs’ share in…

August 19, 2022 06:10 IST

Banks, Banks transaction charge, digital payment systems, Macquarie Capital Securities

Banks, other PSPs to bear cost of lower transaction charges: Analysts

Among other things, the paper asks if credit card MDR and interchange should be regulated by the central bank.

August 19, 2022 03:45 IST

Banking sector earnings dragged by treasury hits, misses expectations; management retains positive outlook

April-June quarter earnings of the banking sector failed to meet expectations pinned by analysts.

August 17, 2022 17:22 IST

‘We are now more open to infrastructure financing’

Kotak Mahindra Bank has nuanced its position on project finance and is now participating in a few deals, whole time…

August 17, 2022 07:19 IST

Kotak, Punjab and Sindh Bank hike MCLRs

Public sector lender Punjab and Sindh Bank also raised its MCLR in the range of 5-10 bps across tenures.

August 17, 2022 02:45 IST

SBI moves insolvency petition against Bajaj Hindusthan Sugar

FE reported last month that Bajaj Hindusthan owes cane farmers in Uttar Pradesh dues to the tune of Rs 2,860…

Updated: August 17, 2022 01:33 IST

RBI clears way for IDBI Bank EoI in September

While the Centre is keen to conclude the transaction during the current financial year, it may spill over to next…

August 17, 2022 01:00 IST

How To Read A Home Loan Insurance Policy

The fine print: Want cover for your home loan EMIs?

When buying a home loan insurance policy, check the various risks covered under the policy apart from death and total…

August 17, 2022 00:15 IST

SBI launches its first dedicated branch for start-ups in Bengaluru

The branch launched by SBI Chairman Dinesh Khara is located in Koramangala, which alongside neighbouring HSR Layout and Indiranagar are…

August 16, 2022 18:51 IST

SBI’s home loan EMIs to rise as lending rate hiked again

The banks have also raised their RLLR.

August 16, 2022 04:30 IST

Julius Baer embarks on 5-yr transformation strategy

It generally banks with ultra high net worth individuals who have investable assets of Rs 25-100 crore, even though a…

August 16, 2022 01:30 IST

To sustain loan growth of 15 pc in current fiscal, says SBI chairman

The country’s largest lender reported a 14.93 per cent rise in advances to Rs 29,00,636 crore in the first quarter…

August 15, 2022 17:15 IST

Banks may continue raising interest rates this fiscal year; deposits now playing catch-up with lending rates

Reserve Bank of India (RBI) continuing to tighten the repo rate to suck out excess liquidity and tame inflation, interest…

August 15, 2022 12:09 IST

The working group will comprise senior representations (general manager level) from sponsor banks, heads of select RRBs and those heading IT operations at some of them.

Sponsor banks set up panel for massive tech upgrade at RRBs

Amithabh Banarjee, chairman of Aryvart Bank, will be the “alternate chairman” of the group. It will also have a senior…

August 15, 2022 05:30 IST

The Prime Minister may highlight the government’s efforts to win the war against the pandemic and the economy’s resilience in the face of strong external headwinds.

Digital banking units, post-Covid recovery may feature in PM’s I-day speech

All state-run banks, 10 private sector banks and one small finance bank have completed work to operationalise the 75 DBUs.…

August 15, 2022 01:00 IST

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13 states raise close to Rs 30,000 crore

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In the largest SGS auction of Q3FY26, 13 states raised Rs 29,725 crore, 41.5% higher than initially indicated, reflecting renewed funding needs. Aditi Nayar, chief economist at ICRA, noted that SGS cut-offs have hardened despite a slight decline in tenor, with the 10-year G-Sec softening to 6.51%. Venkatakrishnan Srinivasan, founder of Rockfort Fincap

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