RBI okays this benefit to J-K bank borrowers hit by events after scrapping of Article 370 On August 5, the Centre had abrogated Article 370 provisions that gave special status to J-K and bifurcated the erstwhile… By PTIJanuary 4, 2020 19:32 IST
Syndicate Bank taking steps for smooth functioning of branches on January 8 In a BSE filing, the lender said it has received notice by the All India Bank Employees’ Association, Bank Employees… By PTIJanuary 4, 2020 14:26 IST
SBI likely to exit FY20 with single-digit credit growth: PK Gupta, MD, Retail & Digital Banking, SBI The year-on-year numbers for MSME lending are up. Accounts eligible for restructuring as per the RBI scheme have been restructured. By GuestJanuary 4, 2020 02:50 IST
Six bank unions to strike work on Jan 8 in support of central TUs The bank said the membership of its employees in the unions participating in the strike is small and so the… By FE BureauJanuary 4, 2020 02:28 IST
Allahabad-Indian Bank merger: Harmonisation likely by mid-February At the operational level, lower level committees for various departments meet. By Mithun DasguptaJanuary 4, 2020 02:02 IST
Sarkari UPI takes India’s digital payments by storm: Transactions cross this crucial value mark The value of UPI transactions has breached Rs 2 lakh crore mark in December, witnessing a 100% rise on-year. It… By FE News DeskUpdated: January 4, 2020 11:29 IST
Bank of Baroda bags contract from MCGM for online payment services The bank will offer the all facility with zero merchant discount rate (MDR). By PTIJanuary 2, 2020 22:10 IST
Bank credit grows 7.10 per cent to Rs 99.47 lakh crore; deposits up 10 per cent to Rs 130 lakh crore In the year-ago fortnight, banks’ advances stood at Rs 92.87 lakh crore, while deposits were at Rs 118.16 lakh crore. By PTIJanuary 2, 2020 20:47 IST
SBI, Union Bank to sell NPAs of Rs 2,836 cr this month All these NPAs will be sold through e-auctions during January. In a notice issued on Thursday, SBI said it will… By PTIJanuary 2, 2020 19:26 IST
PMC scam impact: RBI asks co-operative banks to constitute Board of Management The main functions of BoMs include recommending action for recovery of NPAs, one-time settlement and assisting the board in monitoring… By FE BureauJanuary 1, 2020 12:45 IST
Growth in bank lending to services slides in November The growth in bank credit to the services sector slid to 4.8% year-on-year in November against 28.1% a year ago,… By FE BureauJanuary 1, 2020 08:02 IST
NBFC commercial papers find few takers, PSUs and pvt firms gain in 2019 Even as the commercial paper (CP) market veered towards better-performing NBFCs leaving out other non-banks, issuances by public sector undertakings… By GuestJanuary 1, 2020 07:54 IST
IL&FS timeline for debt resolution delayed to July This was conveyed by Uday Kotak, chairman of the government-appointed board of the insolvent infrastructure lender, on Tuesday while addressing… By FE BureauJanuary 1, 2020 05:30 IST
RBI extends timeline for easier asset sale by NBFCs The rules for securitisation transactions were first relaxed on November 29, 2018, months after a liquidity crisis emerged in the… By FE BureauJanuary 1, 2020 01:45 IST
RBL Bank raises Rs 676 crore via preferential issue of shares After the preferential issue and qualified institutional placement earlier in December, the total capital raised by the lender stood at… By FE BureauJanuary 1, 2020 01:15 IST
PMC scam effect! RBI asks large urban cooperative banks to constitute Board of Management The decision assumes significance against the backdrop of a scam at Punjab and Maharashtra Cooperative Bank leading to hardships to… By PTIDecember 31, 2019 19:42 IST
NBFCs hope to come out of deep, dark tunnel in 2020 Asset quality pressures, liquidity squeeze, asset-liability mismatches, higher borrowing costs, rising defaults levels and rating downgrades made 2019 a tumultuous… By PTIDecember 31, 2019 18:03 IST
Not PSU banks but these financiers are behind real estate growth amid slowdown By June 2016, the exposure of PSU banks in the realty sector was 48.57 per cent, which has steeply fallen… By Samrat SharmaUpdated: December 31, 2019 14:59 IST
Neeraj Chopra set to face Pakistan’s Olympic gold medalist Arshand Nadeem at World Athletic Championships in Tokyo
