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Friday, January 17, 2020

NSE ‘dark fibre’ case: Sebi clears former MD Ravi Narain, 8 others

January 17, 2020 1:03:20 am

Rules that the persons can’t be held responsible for misconduct in this issue of co-location case

Provide facility to switch on, off cards to thwart frauds: RBI to banks

January 16, 2020 8:37:55 pm

RBI has also asked providers to alert or send information to customers through SMS or e-mail whenever there is any change in the status of the card.

RBI tightens debit, credit card usage norms

January 16, 2020 3:22:42 am

Banks have also been asked to offer all cardholders the facility to switch on or off and set or modify transaction limits within overall card limit.

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State-owned banks threaten two-day strike on January 31, February 1

January 15, 2020 8:02:23 pm

Bank strike on January 31, February 1: If the strike materialises, it will coincide with the Union Budget presentation in the Parliament on February 1. In a circular, UFBU accused the Indian Banks' Association of not paying heed towards the wage revision demand of the bank employees.

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Indians became cautious while taking credit in 2019: Survey

January 15, 2020 7:10:55 pm

Instead of keeping their major goals in life on hold, credit seekers are achieving them by being cautious, the company said in a report titled 'BankBazaar Moneymood 2020'.

IndusInd Bank Q3 net rises 33%; asset quality worsens

January 15, 2020 4:50:47 am

The revenue from retail business rose 31.6 per cent year-on-year to Rs 5,026 crore from Rs 3,819 crore.

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Bandhan Bank profit zooms 121% on Gruh merger impact

January 15, 2020 4:53:01 am

The jump comes on the back of a 62 per cent year-on-year (y-o-y) rise in total income to Rs 3,075 crore as the benefits of the bank’s acquisition of Gruh Finance came into play.

Michael Patra named RBI Deputy Governor

January 15, 2020 4:58:55 am

Patra, who is currently looking after the Monetary Policy Department as the Executive Director, has been appointed to the post for three years.

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Government appoints Michael Patra as new RBI deputy governor

January 14, 2020 2:08:29 pm

Patra, 59, replaces Viral Acharya, who quit from the post in July last year.

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‘Don’t panic’, Tejasvi Surya tells depositors as RBI caps withdrawal limit of Bengaluru co-operative bank

January 14, 2020 2:09:19 pm

The co-operative banking sector has come under a cloud again after the decision. On Monday, worried customers rushed to the bank’s branches to withdraw their funds. Customers were able to withdraw only Rs 35,000 irrespective of their deposits.

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Bengaluru co-operative bank comes under RBI curbs, depositors panic

January 14, 2020 4:04:36 am

Worried customers rushed to the bank’s branches to withdraw their funds. However, according to the RBI, customers can withdraw only Rs 35,000 of the total balance in every savings bank or current account or any other deposit account.

ED tracks money trail: Videocon to Chanda Kochhar husband’s firm

Money laundering case: ICICI seeks recovery of amounts from Chanda Kochhar

January 13, 2020 9:19:41 pm

The affidavit further said that Kochhar's conduct has caused substantial embarrassment to the bank and all the stake-holders, and has led to an irreparable reputational loss to the bank.

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Bank credit growth hits 2-year low on weak demand in key sectors

January 13, 2020 3:12:59 am

Data shows that the bank credit outstanding for the eight months of FY20 expanded by just 1 per cent.

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Despite overall fall in commercial bad assets, MSME bad loans on the rise

January 10, 2020 3:15:24 am

The overall NPAs of commercial lending declined 20 bps to 16.8 per cent in September last, marginally lower than 17 per cent in September 2018, the report said.

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New SBI product to safeguard homebuyers

January 9, 2020 3:05:52 am

The new scheme, the Residential Builder Finance with Buyer Guarantee (RBBG), will enable home loan customers to seek refund if a builder fails to meet the deadline under the Real Estate (Regulation and Development) Act.

Mutual funds see Rs 61,809 crore outflows in December, asset base slips

January 9, 2020 3:02:51 am

While fund managers attributed the drop in the asset base to outflow of Rs 78,426 crore from debt-oriented schemes, equity funds witnessed a rise in inflows on a month-on-month basis and a decline on a year-on-year basis.

SBI Chairman: Q3, Q4 will be very good, recoveries will be at peak

January 9, 2020 1:25:55 am

Rajnish Kumar said credit growth is going to be muted for some time and the banking sector may not witness the double-digit growth which it has seen in the past.

Banking services affected owing to nationwide trade union strike

January 8, 2020 1:19:34 pm

Multiple banking activities in bank branches of various PSU banks such as cash withdrawal and deposits have been affected due to the strike across the country.

Focus on fundamentals, inclusive growth and structural reforms: RBI Governor to govt

January 8, 2020 3:15:02 am

The importance of broad-based prosperity has been well recognised for a long time and there is a consensus on the need to ensure that the benefits of economic growth reach the populace at large, he said.

After NEFT, large value RTGS system to be offered 24×7

January 8, 2020 2:14:09 am

With this, India has joined an elite club of a handful of countries having payment systems that ensure round the clock funds transfer and settlement on real time basis.

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