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BANKS NEWS

Public to private

February 21, 2020 7:27 am

Unless government steps up reforms, public sector banks will continue to see erosion in their value.

Fitch Ratings says Indian banks to write off more loans

December 05, 2019 6:06 pm

The state-owned banks account for around 90 per cent of impaired loan stock, and have cumulatively written off nearly USD 30 billion in bad loans in the past three years.

Indian banks need USD 7 billion additional capital: Fitch

December 03, 2019 2:30 pm

In its 2020 Outlook for 'Asia-Pacific Emerging Market Banks', Fitch Ratings maintained a negative outlook on Indian banks, based on its expectations of continued weak performance despite trends showing this could be past the trough, and ongoing capital requirements.

CSB Bank to make stock market debut on Wednesday

December 03, 2019 2:16 pm

The initial public offering of CSB Bank, a Kerala-based lender, was subscribed a whopping 86.89 times last month.

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

April 09, 2018 9:20 am

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

November 14, 2017 10:22 am

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

October 26, 2017 12:28 am

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

The booster shot

December 21, 2018 8:06 pm

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

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

July 20, 2017 9:35 am

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

Eight ways electronic transactions have become safer

July 07, 2017 4:30 pm

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.

BANKS VIDEOS

Devotees take holy dip in Ganga on 'Magh Purnima'

February 22, 2016 7:07 am

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.