Banking & Finance

RBI slaps Rs 1-crore fine on Bank of Maharashtra

Last year, the RBI had imposed a penalty of Rs 1 crore on BoM on account of delay on the part of the bank to detect and report fraud in an account.

Banking & Finance News

RBI to launch open market operations: What it is, how it works, all you need to know

On 17 January, RBI is set to inject Rs 10,000 crore into the system through open market operations (OMOs). This comes ahead of the central bank’s plan to feed Rs 50,000 crore in January 2019  thro

rbi, banks, digital payments News

Cabinet approves capital infusion in Exim Bank

The infusion would help the bank expand its business, they added. The government had provided for Rs 500 crore towards capital infusion in the Exim Bank in the budget for this fiscal. The government h

Banking & Finance News

Digital payments: Small shops get banks’ backing for lower UPI charges

If proposal accepted, eligible merchants will not need to shell out MDR or fee charged by banks for offering payment acceptance.

rbi, banks, digital payments News

Syndicate Bank creates vertical to recover Rs 27,000 crore NPAs

Among these 1,200 staffers, around 100 have been given the task to deal only with NPAs of over Rs 5 crore," Khurana told reporters here.

Banking & Finance News

Cabinet likely to consider capital infusion proposal for Exim Bank on Wednesday

The government infused Rs 500 crore in Exim Bank last financial year.

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ICICI Bank appoints B Sriram, Rama Bijapurkar independent directors

Sriram retired as the managing director of IDBI Bank in September 2018. Prior to IDBI Bank, he was the managing director of SBI.

Banking & Finance News

Plea against WhatsApp Pay: NGO gets SC nod to make RBI a party

The plea filed by NGO Centre for Accountability and Systemic Change (CASC) said Whatsapp has not fully complied with the circular of the RBI which prescribed data localisation norms.

Banking & Finance News

Finance Ministry wants PSU banks to bring down government equity to 52 per cent

Some of the public sector banks have government's holding beyond 75 per cent.

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Speed breaker: PNB’s stake sale in housing arm gets delayed

The sale was part of PNB’s efforts to comply with a government directive to state-owned banks that are weighed by bad loans to sell non-core assets and improve the capital ratio.

Banking & Finance News

5 trends that drove India’s P2P lending market in 2018

After being regulated by the RBI and receiving the NBFC status, the sector has witnessed a high paced growth trajectory in the area of alternate financing in 2018.

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Finance Ministry may sell part of SUUTI holding in Axis Bank, ITC

While the government is waiting for L&T to launch a buyback offer to tender its shares; for holding in Axis Bank and ITC, it would consider off-market deals, an official said.

Banking & Finance News

Yes Bank appoints Brahm Dutt as non-executive part-time chairman

During his career in the IAS for 37 years, he held several posts in the Karnataka government as well as in the central government.

Banking & Finance News

Ivanka Trump reportedly among candidates to replace World Bank’s outgoing Jim Yong Kim

Other candidates being considered as World Bank's President includes David Malpass, a current Treasury official, Nikki Haley, former UN ambassador, and Mark Green, head of the US Agency for Internatio

Banking & Finance News

IDFC Bank renamed; To be called by this name now

Private sector lender IDFC Bank said its name has been changed with effect from Saturday.

IDFC Bank, IDFC Bank renamed, IDFC Bank new name, IDFC First Bank Ltd, latest news on IDFC Bank  News

Farm loan waivers not an effective means to address farm distress: ADB India head

There is a need to address agriculture sector distress…but economic principle-wise, farm loan waiver is not an effective means to address farm distress, said ADB India country director Kenichi Yokoy

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Yes Bank appoints Brahm Dutt as non-executive part-time chairman

Brahm Dutt has been on the board of the bank since July 2013 as an independent director, and has contributed to almost all the sub-committees of the board over the past 5.5 years.

Banking & Finance News

Overregulation hampering growth of NBFCs: Assocham to RBI governor

Assocham met the RBI governor Shaktikanta Das to discuss the liquidity issue being faced by non-banking financial companies (NBFC) and housing finance companies (HFC).

Banking & Finance News

More International Banking Jobs in India ! Deutsche Bank to Outsource Jacksonville Jobs to Mumbai

Deutsche Bank AG was at the forefront as Wall Street began “nearshoring” staff to cheaper cities across the U.S. Now, the German lender is moving some of those jobs to India.

Banking & Finance News

We intend to stick to micro financing: CS Ghosh, founder and CEO, Bandhan Bank

Ghosh said this was the first time they had lent in the infrastructure space. He also said the company would not do anything like this again and would stick to micro-financing.

Banking & Finance News

RBI slaps Rs 3 crore penalty on Citibank India

The bank has 35 branches in India and a network of 541 ATMs, according to the latest RBI data.

Banking & Finance News

Rajat Monga, foreign bank CEO in race to succeed Rana Kapoor at Yes Bank

The Reserve Bank of India has asked the private sector lender to find replacement of Kapoor, who will continue as the MD and CEO till January 31.

Banking & Finance News

NBFC sector: Rise in bad loans, higher lending rates may add more stress in 2019; key things to know

Even as NBFCs are trying to recover from the liquidity crunch mainly on account of default by IL&FS, a surge in bad debt amid higher lending rates may emerge as another challenge for them going ahead,

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SBI inches closer to raise $1.4 billion via share sale; hires Kotak Mahindra Bank, others as bankers

The share sale will help bolster its capital buffers as it attempts to grow loans at a faster pace.

Bharat Bandh News

Bandhan Bank Q3 results: Private lender’s profit rises 10%, asset quality worsens; key highlights

Bandhan Bank Q3 results: Bandhan Bank on Thursday posted a 10.4 per cent rise in profit in the quarter ended December on account of rise in interest income.

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PCI voice concerns over lack of representation in RBI’s digital payments committee

Welcoming the Reserve Bank of India’s move to set up a five-member committee to encourage digital payments, Payments Council of India’s (PCI) Chairman Vishwas Patel also voiced concern over lack o

Banking & Finance News

IndusInd Bank Q3 net profit rises by 5% to Rs 985 crore

Total income of the IndusInd Bank increased to Rs 7,232.32 crore during the October-December 2018.

Banking & Finance News
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