Banking News

BSE stock options: Sebi imposes Rs 42 lakh fine on 5 entities for non-genuine trades

The five entities were among the various entities that indulged in non-genuine trades, the Securities and Exchange Board of India (Sebi) said.

IT firms likely to face volatility in banking, financial services space: Report

The banking and financial services segment (BFS) is a staple for Indian IT services companies serving global clients, and it accounts for major chunk of overall tech services basket.


April 2019 calendar: Festivals, public holidays, bank holidays

April Calendar 2019 India, Festivals, Public Holidays, Bank Holidays: These public holidays will be applicable to banks, government organisations and several private entities based on their individual policies.

Deals to rules

India’s bad loan policy is finally moving in the right direction.

Stocks scale fresh record highs as banking, energy shares gain

Analysts said a respite was seen in mid and small-cap stocks as worst of earnings seem to be over and investors are gradually turning positive with a bottom-up approach.

S&P predicts India's banking system will strengthen by 2020

S&P said the ratings on the banks are "more likely to be raised than lowered" in the next 2 years. But, weak risk management and internal-control practices limit the potential for considerable upside.


Piyush Goyal vows to clean up banking sector

Goyal, who is the minister for railways and coal, said the priority is "to ensure that we can quickly get entire banking system on its feet and shed the legacy that was inherited by this government in 2014."

For 2nd yr in a row, Rupee Bank posts profits

The bank is under severe restrictions since 2013 after the Reserve Bank of India had suspended its board of directors over its precarious financial health.

Unauthorised use of bank accounts may attract up to 10 yrs in jail

The government also said that if the siphoning off of funds has been done before the bank accounts of these delisted companies were restricted, then “strict action” will be taken against them.

Fake overseas cards: Japanese banks lose $16.5 mn from ATMs

The illegal withdrawals were made using fake cards of a South African bank in just a few hours on May 15 at more than 1,000 ATMs in 17 states.

Banking Videos

How dad Fred Trump's empire made millions for Donald Trump

An NYT investigation shows that in every era of Donald Trump’s life, his finances were deeply intertwined with, and dependent on, his father’s wealth.

What the Supreme Court did not address in its Aadhaar verdict

There are still many unanswered questions about aadhaar despite the Supreme Court's verdict of more than 1,400 pages. Usha Ramanathan tells us the concerns that the poor of India still have, what making aadhaar voluntary means and whether the linking