PNB fraud debate: Speaker’s meeting inconclusive 
April 26, 2018 1:37:22 am

This is not the first instance of a bank employing the services of private detectives. Many nationalised banks including Indian Bank, Syndicate Bank and Corporation Bank have used new age Sherlock Holmes to trace defaulters and their assets.

April 26, 2018 12:48:47 am

Some establishments were found to have fallen short on the compliance needs, while others have been removed as their branches, instead of primary offices, were filing returns.

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April 25, 2018 1:54:18 pm

Ten benches with a combined 26 judges and technical staff are hearing more than 2,500 insolvency cases, the latest official data show. Based on the workload a year ago, researchers estimated India needs about 80 benches over five years.

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April 25, 2018 1:43:54 am

While rates on deposits with shorter maturities were left unchanged, FDs with longer maturities saw even larger hikes in some buckets.

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April 23, 2018 12:54:50 am

The court fixed the matter for further hearing on May 24.

KYC norms: Aadhaar, PAN to be made must for bank a/cs if govt asks, says RBI
April 22, 2018 7:46:05 am

The RBI said periodic updation should be carried out at least once in every two years for high risk customers, once in every eight years for medium risk customers and once in every ten years for low risk customers.

Aadhaar seeding must for bank accounts under KYC norms: RBI
April 21, 2018 9:07:37 pm

Till now, an Officially Valid Document for address proof together with PAN issued by the Income Tax department and a recent passport-size photograph were the key KYC documents.

India's HDFC Bank net profit
April 21, 2018 7:30:44 pm

To fund its future growth, the bank has said it plans to raise up to 240 billion rupees by selling shares to investors, including a preferential issue to its parent HDFC Ltd .

Huge jump in fake currency post demonetisation: Report
April 21, 2018 12:13:50 am

As per the report by Financial Intelligence Unit, the banks have generated 400 per cent more suspicious transactions reports (STRs) at over 4.73 lakh such dossiers during 2016-17.

Yes Bank's international presence comprised of a representative office in Abu Dhabi and a branch in the Gift City International Financial Services Centre in Gandhinagar. (File)
April 20, 2018 4:10:37 pm

"This will help in further diversification and expansion of financial services to the NRI diaspora," the bank's managing director and chief executive Rana Kapoor said.

Currency shortage in ATMs: Some triggers came early last year
April 20, 2018 7:18:39 am

Since April 1, 2017, nearly 48 per cent of the total currency notes supplied are lower denomination notes of Rs 200 and below, according to RBI data until December 31, 2017.

April 20, 2018 2:40:30 am

The bank’s gross bad loans rose to 1.17 per cent of its loan book at Rs 1,700 crore, and net NPAs jumped to Rs 750 crore or 0.51 per cent.

April 20, 2018 1:34:16 am

"RBI Governor has made a statement that there is adequate printing of currency notes. Then where have the currency notes gone? Why they are not ensuring that banks have enough cash to meet the requirements of customers," AIBEA said.

April 20, 2018 1:18:50 am

Customer can use SBI and any other bank debit card to withdraw cash up to Rs 2000 in Tier 3 to 6 and up to Rs1000 in Tier 1 & 2 cities per card per day presently without any charges, said Neeraj Vyas, DMD and Chief Operating Officer, SBI.

Finance Ministry on Air India bid
April 20, 2018 1:11:52 am

The government feels the RBI’s February 12 circular could pose “serious problem” for industry and banks, and it wants the default timeline at 30 days of payment for principle/interest not being made by the borrowers.

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April 19, 2018 7:16:54 pm

Privatisation has not always worked well, and ownership does not matter as there are both good and bad companies in both private and public sectors, SBI Chairman Rajnish Kumar said.

cash crunch in India
April 19, 2018 5:02:25 am

Officials said that re-calibration of ATMs to fit Rs 200 notes has been slow due to inadequate supply of these newly introduced notes.

ATMs in some states still out of cash
April 19, 2018 7:15:27 am

The SBI report, which estimates the shortfall at Rs 70,000 crore — a third of the monthly ATM withdrawals — says that declining income velocity indicates that the Rs 2,000 note isn’t getting adequately circulated in the economy.

April 19, 2018 3:01:46 am

In a notification, the CBIC said that the Government shall constitute a Standing Committee with a Chairman, a Vice-Chairman, a Member Secretary and such other members for managing the fund and making recommendations pertaining to usage of its proceeds.

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April 19, 2018 2:56:40 am

Terming the RBI’s statement of having sufficient cash as “unsatisfactory”, Chidambaram said if the RBI has printed and supplied sufficient cash, it must explain why there is a cash shortage.