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RBI launches new prepaid payment instrument for digital transactions The Reserve Bank on Tuesday introduced a new semi-closed prepaid payment instrument (PPI) which can be used for transaction of… By PTIDecember 24, 2019 22:18 IST
PSBs’ financial health should be assessed by their ability to raise resources from markets: RBI The financial health of state-owned banks should be assessed by their ability to raise resources from markets rather than depending… By PTIDecember 24, 2019 21:57 IST
Gujarat banks’ gross NPAs rise to Rs 43,000 crore as of September 2019 Gross NPAs in overall agricultural segment remained at 7.56 per cent of the outstanding amount, while those of the MSMEs… By PTIDecember 24, 2019 21:53 IST
Total frauds at banks rise 74 pc to Rs 71,543 crore in 2018-19: RBI Banks reported a total fraud of Rs 71,543 crore in 2018-19, a 74 per cent increase as against Rs 41,167… By PTIUpdated: December 24, 2019 21:01 IST
Cooperative banks’ assets nearly halve to 10.6% in FY19 from FY 05: RBI As more and more cooperative banks go belly up, their combined assets nearly halved to 10.6 per cent of the… By PTIDecember 24, 2019 20:33 IST
ESAF Small Finance Bank appoints PR Ravi Mohan as its new chairman P R Ravi Mohan has been appointed as the new chairman of Kerala-based ESAF Small Finance Bank. By PTIDecember 24, 2019 17:10 IST
IFSC banking units can open foreign currency current accounts Issuing instructions regarding permissible activities of IBUs, the RBI said it will not prescribe any limit for raising short-term liabilities… By PTIDecember 24, 2019 05:21 IST
We’ve to wait for one or two quarters to see if signs of green shoots are sustained: RBI governor The central bank is awaiting the report of a forensic audit into Punjab & Maharashtra Co-operative (PMC) Bank and will… By GuestDecember 24, 2019 01:59 IST
Repo rate-market rate of interest link diluted impact of RBI policy While the flow has been reported to be lower than requirement, the cost of credit has been on the rise. By Sushim BanerjeeDecember 24, 2019 00:47 IST
RBI caps lending on P2P platforms at Rs 50 lakh To protect consumers interest, RBI on Monday said that on a peer-to-peer lending (P2P) platform the permissible exposure of a… By PTIDecember 23, 2019 22:12 IST
Credit Suisse confirms second spying case But Switzerland’s number two bank maintained that just one senior leader, who has since been forced out, was entirely to… By AFPDecember 23, 2019 17:24 IST
SoftBank’s $3 billion WeWork financing talks stall with Japan banks, say sources The Japanese technology conglomerate is now likely to enter the new year without the WeWork financing in place, the people… By ReutersDecember 23, 2019 16:11 IST
Bharti AXA life insurance earns 20% growth in renewal premium income The company recruited 7,167 agents in the half year ended September 30, 2019, to take advisor count to 41,722, up… By PTIDecember 23, 2019 15:34 IST
Defaulting for three months, Altico Capital India’s lenders call for rescuing bids Altico started defaulting on its interest repayments in September, and its lenders are keen for it to get an equity… By BloombergDecember 23, 2019 15:01 IST
Banking: Failure on rate transmission could hit NIMs Private banks to face greater pressure; cyclical tailwinds will be more pronounced for corporate banks. By EdelweissUpdated: December 23, 2019 02:50 IST
IBA mulls bringing framework to address consortium lending issues To address these issues, there are two things which are happening, one is at the IBA level and another by… By PTIDecember 22, 2019 18:57 IST
No need to declare religion for opening bank accounts, says govt The clarification comes after a news report suggested that Indian banks may ask depositors and customers to list their religion. By PTIDecember 21, 2019 21:17 IST
Banks cannot go beyond a threshold to cut deposit rates as India lacks social security net: SBI chairman In 2013, the repo rate was around 10 per cent, the SBI Chairman said adding that since 2013, Reserve Bank’s… By PTIDecember 21, 2019 19:09 IST
Param Sundari Box Office Collection Day 12: Sidharth Malhotra, Janhvi Kapoor rom-com inches towards Rs 50 crore
