banks

How banks, office and government verifies your PAN Card details

How banks, office and government verifies your PAN Card details

For your financial transactions, Permanent Account Number (PAN) holds a significance and you need this crucial document while taking a ho...Read More

No liquidity problems faced by financial institutions: Nirmala Sitharaman

No liquidity problems faced by financial institutions: Nirmala Sitharaman

New Delhi: Describing her meeting with the bankers as a "tonic", Finance Minister Nirmala Sitharaman said on Thursday that there is no li...Read More

Banks' credit must grow 12 percent to meet USD-5 trillion economy target: SBI MD

Banks' credit must grow 12 percent to meet USD-5 trillion economy target: SBI MD

Kolkata: The credit from banks must grow by 12 per cent every year to meet the Centre's target to achieve a USD 5-trillion economy within...Read More

Banks to hold public meets with NBFCs in 400 districts to give credit: FM

Banks to hold public meets with NBFCs in 400 districts to give credit: FM

New Delhi: Finance Minister Nirmala Sitharaman on Thursday said public sector banks will hold meetings with NBFCs and retail borrowers in...Read More

Banks take advantage of ambiguities

Banks take advantage of ambiguities

Over the past five years, the volume of digital payments has grown by a factor of 10 and an additional growth of 10 times in three years ...Read More

Banks re-positioned for USD 5 trillion economy

Banks re-positioned for USD 5 trillion economy

The minister hyped it as a major reform, claiming that it will usher in "a strong financial system." This is the second round of mergers ...Read More

63 percent banks reported decline in NPAs in infrastructure sector over the last six months: Ficci-IBA Survey

63 percent banks reported decline in NPAs in infrastructure sector over the last six months: Ficci-IBA Survey

New Delhi: The proportion of banks citing reduction in non-performing assets (NPAs) stood at 52 per cent in the January-June period as ag...Read More

VG Siddhartha's death: Vijay Mallya says government agencies, banks can drive anyone to despair

VG Siddhartha's death: Vijay Mallya says government agencies, banks can drive anyone to despair

Body of VG Siddhartha, founder of Cafe Coffee Day and son-in-law of former Karnataka CM SM Krishna was found on the banks of Netravati Ri...Read More

Jet Airway accepts 34% of Rs 249 billion claims received till July 4

Jet Airway accepts 34% of Rs 249 billion claims received till July 4

Of the total, claims worth nearly Rs 85 bn or 34%, entirely belonging to the financial creditors such as banks and financial institutes.

After banks, government may recapitalise PSU insurers prior to restructuring

After banks, government may recapitalise PSU insurers prior to restructuring

New Delhi: After banks, the government may capitalise public sector general insurers this year to improve their finances and get them rea...Read More

Let banks recover dues from personal assets of defaulters: Bank unions

Let banks recover dues from personal assets of defaulters: Bank unions

Bank unions have called up on finance minister Nirmala Sitharaman to enact strong recovery laws with a provision to confiscate personal a...Read More

RBI directs banks to withdraw NEFT system and RTGS system charges with effect from July 1

RBI directs banks to withdraw NEFT system and RTGS system charges with effect from July 1

The Reserve Bank levies "minimum charges" on banks for transactions routed through its RTGS and NEFT, and banks, in turn, levy charges on...Read More

RBI eases no-frills a/c norms

RBI eases no-frills a/c norms

Banks will now provide cheque books and other facilities to basic account holders, with the Reserve Bank of India relaxing the norms on M...Read More

Lenders take 57 pc haircut in 94 cases worth Rs 1.75 tn

Lenders take 57 pc haircut in 94 cases worth Rs 1.75 tn

Mumbai: Banks have taken a huge 57 pc haircut in the 94 large accounts worth Rs 1.75 L cr which were resolved in FY19, recovering just Rs...Read More

IL&FS, Reliance Capital defaulters can be classified AS NPAs

IL&FS, Reliance Capital defaulters can be classified AS NPAs

Mumbai: Insurance companies, like banks, will also have to make full provisions for their defaulting exposure to cash-strapped IL&FS ...Read More

Who does one believe, banks or PM Narendra Modi, asks Vijay Mallya

Who does one believe, banks or PM Narendra Modi, asks Vijay Mallya

New Delhi: Fugitive Businessman Vijay Mallya on Thursday cited a statement made by Prime Minister Narendra Modi while taking a dig at him...Read More

Banks to upgrade its Point of Sale in the wake of 2g phase out

Banks to upgrade its Point of Sale in the wake of 2g phase out

Hyderabad: In the wake of 2G spectrum and services being phased out, banks need to upgrade their Point of Sale (POS) machines to advanced...Read More

Reserve Bank of India cuts key interest rate by 0.25%, brings it down to 6 per cent

Reserve Bank of India cuts key interest rate by 0.25%, brings it down to 6 per cent

Mumbai: The Reserve Bank of India on Thursday cut benchmark interest rate by 0.25 per cent for the second time in a row to bring interest...Read More

The trials and tribulations of financial markets in India

The trials and tribulations of financial markets in India

Over the past few years, the Indian financial sector – especially banks have been under stress. While many non-banking financial companie...Read More

Vijay Mallya cites PM Narendra Modi’s remark to affirm recovery of all bank dues

Vijay Mallya cites PM Narendra Modi’s remark to affirm recovery of all bank dues

New Delhi: Fugitive liquor baron Vijay Mallya on Sunday quoted an interview of Prime Minister Narendra Modi to assert that the government...Read More

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