banks News

The booster shot

The move to raise spending and bolster growth is welcome. But private investment must pick up for economy to turnaround

‘If some correction is required, that can be done, PSBs are vital: Dinabandhu Mohapatra

During demonetisation, PSBs played a major role. PSBs are vital and essential for the growth of the nation. True, there’s scope for improvement, says the MD and CEO of Bank of India.


No cashless facility, extra hassle in paying SSC form fees: schools

Jagrutti Dharmadhikari, principal of Saraswati Vidyalaya and president of Independent English Schools Association (IESA), said that she had to send a peon with the cash to the branch in Wakdewadi to make the payment.

Bowing to necessity

The bank recapitalisation scheme reflects government’s failure to transform state-capital relations

Banks to settle Rs `4,00,000 crore Debt

‘To resolve top 50 stressed assets, banks need `2.4 lakh cr haircut’

Eight ways electronic transactions have become safer

Security-breaches are common in bank transactions, where customers are vulnerable to transaction theft. However now, bank customers will have zero-liability -- they will no longer be expected to bear the losses for fraudulent, third-party transactions.


Govt to go ahead with PSU bank merger without further wait: Arun Jaitley

"We have now relooked at the whole system and there are some institutions within the public sector banks which can be consolidated even in the present circumstances. We are seriously examining them," said Arun Jaitley.

IDBI loan fraud case: ED wants Vijay Mallya's passport revoked

Vijay Mallya and his firm have come under the scanner of multiple investigating agencies in the country such as the CBI, SFIO and the service tax department for alleged violations of norms.

Interview with Shaktikanta Das: ‘If needed, Rs 5-7K cr can be added for PSBs capitalisation’

Also, with the amendments planned to the RBI Act, the government expects the Monetary Policy Committee to become functional by December, Das said in an interview.

G-Sec holding: FIIs, DIIs raise their share as banks’ holding declines

Banks’ falling share due to reduction in SLR from 23% in June 2014 to 21.5% in February 2015

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Devotees take holy dip in Ganga on 'Magh Purnima'

Allahabad, Feb 22 (ANI): Thousands of Hindu devotees on Monday took a holy dip at 'Sangam', the confluence of river Ganga, Yamuna and Saraswati, in Allahabad on the occasion of full moon day or 'Magh Purnima'. 'Magh Purnima' marks the end of a month-long Kalpwas for thousands of Kalpwasis camping on the banks of Ganga. People and priests made their way to the banks before the break of the dawn. The devotees braved freezing temperatures as they took a holy dip in 'Sangam' and offered prayers at the banks.