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BANK NEWS

PMC Bank amalgamation with Unity SFB gets govt nod

January 26, 2022 12:44 am

🔴 The amalgamation will come into force with effect from the date of the notification of the scheme — January 25, 2022. All the branches of the PMC Bank will function as branches of Unity Small Finance Bank Ltd with effect from this date, the RBI said.

CSB Bank IPO price band set at Rs 193-195, to raise Rs 410 crore

November 19, 2019 6:32 pm

At the upper end of the band, it will be raising Rs 410 crore through the issue, including the Rs 24 crore in fresh issue and the rest in OFS.

Should you have multiple credit cards? Here are the benefits and drawbacks

July 12, 2018 12:12 pm

Having access to multiple credit cards can tempt you to spend more. It’s important to stick to a budget. If necessary you could consider setting a spending limit for each of your cards to control overspending.

Bank recapitalisation: A lesson from 1993, with eye to the future

October 26, 2017 7:13 am

The economy was in repair in 1992-93 after the famous balance of payments crisis in 1991-92 and the government had to unveil reforms in the financial sector especially after the securities scam of 1991-92.

NCLT might have more benches for faster NPA resolution: M S Sahoo

June 16, 2017 2:24 am

Sahoo said that there is a thinking within the government to increase the number of benches and there is also a possibility that they may have dedicated benches for insolvency cases.

For weaker PSBs: Capital infusion to be performance-linked

May 23, 2017 1:49 am

The finance ministry has set some conditions before public sector lenders with not-so-strong finances, like reducing NPAs, and shutting down not-profitable branches for capital infusion

Bank following Islamic principles opens in China

September 24, 2015 6:03 pm

Female bank staff wore long gowns and headscarves. Signs are written in both Chinese and Arabic languages, state-run Xinhua news agency reported today.

Bank customers beware, you may get a ‘vhishing’ call

July 27, 2015 1:40 am

From emails, fraudsters have moved to phone calls; ‘20-25 cases every month’.

Indian rupee down 7 paise against US dollar

June 10, 2014 10:48 am

Rupee had lost 3 paise to close at 59.20 against the dollar on late demand for American currency from importers.

Indian rupee up 5 paise on fag-end dollar selling

June 05, 2014 10:18 am

Indian rupee recovered by 5 paise to close at 59.33 against US currency on fag-end dollar selling by banks and exporters on hopes of good foreign capital inflows into equities.

BANK VIDEOS

Will Ex-PepsiCo chief Indra Nooyi be the World Bank's next CEO?

June 22, 2020 6:05 pm

Ex-PepsiCo CEO Indra Nooyi is reportedly among the frontrunners for the post of World Bank CEO. US President Donald Trump is considering multiple candidates to nominate for the post and Nooyi's name is reportedly being considered.

Bank officials under CBI probe has risen 5 times in the last 4 months: News in Numbers

June 22, 2020 6:22 pm

The number of bank officers arrested or facing charges for being involved with bad loans has gone up five times in the last four months. Here’s the #NewsInNumbers. See more: https://bit.ly/2IM1j4c

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