banks

8 entities apply under RBI's on tap licensing for setting up banks; Flipkart's co-founder Sachin Bansal has a stake in one of those entities

8 entities apply under RBI's on tap licensing for setting up banks; Flipkart's co-founder Sachin Bansal has a stake in one of those entities

The Reserve Bank on Thursday said it has received four applications each under the guidelines for 'on tap' licensing of universal banks a...Read More

Online money transfer to be hit: All banks’ RTGS service will not function this coming Sunday

Online money transfer to be hit: All banks’ RTGS service will not function this coming Sunday

Coming Sunday (April 18, 2021), real-time gross settlement (RTGS) will not be available from 12 am to 2 pm, stated the Reserve Bank of In...Read More

Second Covid wave heightens risks for India's banks: Fitch

Second Covid wave heightens risks for India's banks: Fitch

Accordingly, Fitch expects a moderately worse environment for the India's banking sector in 2021, but headwinds would intensify should ri...Read More

Gross NPAs of banks may rise to 9.6-9.7% by March-end: Report

Gross NPAs of banks may rise to 9.6-9.7% by March-end: Report

As the impact of various relief measures, including a moratorium on loan repayment and asset classification standstill wanes off, gross n...Read More

Banks sanctions Rs 25,586 crore to 1.14 lakh Stand-Up India accounts in 5 years

Banks sanctions Rs 25,586 crore to 1.14 lakh Stand-Up India accounts in 5 years

The Finance Ministry on Sunday said banks have sanctioned Rs 25,586 crore to about 1,14,322 beneficiaries under the Stand Up India Scheme...Read More

Global banks warn of possible losses from hedge fund default

Global banks warn of possible losses from hedge fund default

Credit Suisse didn't identify the "significant" hedge fund or the other banks affected, or give other details of what happened. News repo...Read More

Banks to conduct special clearing operations for closure of government accounts on March 31: RBI

Banks to conduct special clearing operations for closure of government accounts on March 31: RBI

Banks will conduct special clearing operations for annual closure of government accounts on March 31, which is the last day of the curren...Read More

Government may seek details of interest on interest charged by banks

Government may seek details of interest on interest charged by banks

Government may ask banks to provide details of interest on interest collected by them for loans exposure of over Rs 2 crore.This follows ...Read More

Teji Mandi Explains: With shifting priorities, are Indian banks ready to ride on next wave of growth?

Teji Mandi Explains: With shifting priorities, are Indian banks ready to ride on next wave of growth?

With focus shifting back to earning upgrade, has the Indian banking system finally left stressed asset-related issues behind them? Today'...Read More

RBI announces committee-led by Shyamala Gopinath to evaluate applications for banks

RBI announces committee-led by Shyamala Gopinath to evaluate applications for banks

The RBI on Monday announced setting up a Standing External Advisory Committee (SEAC) for evaluating applications for universal banks and ...Read More

Banking services in Maharashtra hit as 40,000 bank employees, officers join two-day strike

Banking services in Maharashtra hit as 40,000 bank employees, officers join two-day strike

Banking services in the state got affected on Monday as around 40,000 bank employees and officers have gone on a two-day strike to protes...Read More

The Future of Banking: Shape of banks may or may not change, but banking will survive

The Future of Banking: Shape of banks may or may not change, but banking will survive

Regulations will have to get modified to match the technological evolution in banking, stated the panelists at the last session of ‘The F...Read More

#Bankbachao_deshbachao trends on Twitter as bankers oppose PSB privatisation

#Bankbachao_deshbachao trends on Twitter as bankers oppose PSB privatisation

Public sector banks call for strike over privatisation

Watch: P2P-Foundation’s Karthik Iyer and Innovator Anupam Saraph to talk about cryptocurrency's backbone blockchain at the Future of Banking

Watch: P2P-Foundation’s Karthik Iyer and Innovator Anupam Saraph to talk about cryptocurrency's backbone blockchain at the Future of Banking

Cryptocurrency becomes a no-go area for Indian authorities but they are keen to explore its technology — blockchain. In the past, the Res...Read More

India's banks' recovery faces asset-quality risks: Fitch Ratings

India's banks' recovery faces asset-quality risks: Fitch Ratings

The impact of the Covid-19 pandemic is likely to pose challenges to the Indian banks' improving financial performance once asset-quality ...Read More

Watch: Bank of China’s Hu Beihei and OIN’s Venkatesh Hariharan to talk about banking model in China at ‘The Future of Banking’

Watch: Bank of China’s Hu Beihei and OIN’s Venkatesh Hariharan to talk about banking model in China at ‘The Future of Banking’

China is a step ahead in the case of banking today. The country started exploring the possibility of digital currency in 2014. It is repo...Read More

The Future of Banking: Banks owning a bad bank is not a good idea, say experts

The Future of Banking: Banks owning a bad bank is not a good idea, say experts

The idea that bankers will infuse capital in the formation of the bad bank is not a very good plan, stated the panelists at the ‘The Futu...Read More

Bank credit grows by 5.93%, deposits by 11.06%

Bank credit grows by 5.93%, deposits by 11.06%

Bank credit grew 5.93 per cent to Rs 107.05 lakh crore, while deposits rose 11.06 per cent to Rs 147.98 lakh crore in the fortnight ended...Read More

Complaints against banks flood RBI

Complaints against banks flood RBI

After getting complaints from the bank customers, the RBI launched a Complaint Management System in July 2019 and since then nearly six l...Read More

Banks wrote off Rs 62,000 crore loans of 100 wilful defaulters as of March 2020: Report

Banks wrote off Rs 62,000 crore loans of 100 wilful defaulters as of March 2020: Report

As of March 2020, banks have written off loans worth Rs 62,000 crore of top 100 wilful defaulters, stated a news report. It stated that ...Read More

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