Browsing Tag
banks
64 posts
Sensex up 129 pts, Yes Bank tanks 7%
Mumbai, Dec 11 Sensex advanced 129 points during the early trade on Wednesday while the Nifty traded slightly…
Markets open on positive note, PSU banks up
Mumbai, Oct 16 Indian markets opened higher on Wednesday led by gains in banks and financial sector stocks…
Banks on nationwide strike on Wednesday, services likely to be affected
New Delhi/Chennai, Dec 25 (IANS) Services of banks are likely to be affected on Wednesday due to a…
Banking services hit as officers go on strike
Kolkata, Dec 21: Banking services across India were affected on Friday as over 3.2 lakh bank officers struck work…
Banks may remain closed for 5 days due to holidays, strikes in December
Kolkata, Dec 19: Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26,…
Mergers will kill branches when the need is for branch expansion: AIBEA
Chennai, Dec 15: At a time when India is largely unbanked or underbanked with low density of banks, merger…
Gadkari blames RBI and Banks for not funding infra projects
Mumbai, Nov 17 : Union Road Transport and Highway Minister Nitin Gadkari on Saturday lashed out at banks…
RBI snubs Modi government as FM demands Rs 3.6 lakh crore from central bank
The major tussle between Reserve bank of India (RBI) and the Modi government includes the proposal of the…
Bank Of Maharashtra shuts 51 branches to cut costs
Pune (Maharashtra), Oct 3: Public sector bank, Bank Of Maharashtra (BoM) has announced the closure of 51 branches across…
Banks to remain open in September first week: Finance Ministry
New Delhi, Aug 31 : The Finance Ministry on Friday took notice of a rumour on social media…
LIC Board nod for buying 51% stake in debt-ridden IDBI Bank
New Delhi, July 16: The board of state-run Life Insurance Corporation (LIC) on Monday approved the acquisition of up…
World Bank maintains global growth forecasts, warns of considerable downside risks
Washington, June 6: The World Bank has kept its growth forecasts for the global economy unchanged for this year…
SBI Q4 reports loss of Rs 7718 cr as NPA provisions more than double
New Delhi, May 22: India’s biggest lender, State Bank of India incurred a loss of Rs. 7,718.17 crore…
In five years, private banks see 450 percent hike in NPAs
New Delhi, May 21: Data of last five years revealed that the Non-Performing Assets of private banks on…
Improve bank’s ability to go after debtors: IMF to India
United Nations, April 18: The International Monetary Fund (IMF) has urged India to strengthen the ability of banks to…
Allegations against ICICI Bank pose reputational risk: Fitch
Mumbai, April 9: An investigation into allegations that ICICI Bank extended a loan with a potential conflict of interest…
ICICI Bank’s board to meet to review insolvency cases
Mumbai, April 2: Private lender ICICI Bank said it will convene a board meeting on Monday to review cases…
RBI fines ICICI Bank for security sales violation
Mumbai, March 29: The Reserve Bank of India (RBI) said on Thursday it has imposed a penalty of Rs…
Punjab National bank detects another fraud case
New Delhi, March 15: The Punjab National Bank (PNB) has detected another fraud case at a Mumbai branch…
SBI reduces minimum balance charges up to 75%
New Delhi, March 13: Public lender the State Bank of India on Tuesday reduced the charges for non-maintenance…
Budget 2018: For senior citizens, Rs 50,000 interest income exempted
In a bid to provide relief to senior citizens, Finance Minister Arun Jaitley on Thursday unveiling Budget 2018 announced that exemption of…
Banks stocks shoot up on 100% FDI in private banks reports
Mumbai, Jan 18: Banking stocks on Thursday zoomed following reports that the government may allow 100 per cent foreign…
PIO named best central bank governor in Asia-Pacific
Singapore, Jan 4: Ravi Menon, the Managing Director of the Monetary Authority of Singapore (MAS), has been named the…
Your money is safe in banks, says Modi on FRDI
New Delhi, Dec 13: Prime Minister Narendra Modi on Wednesday sought to allay the fears of bank account holders,…
Is Stand Up India programme really helping SC, ST and Women!
New Delhi, 10th October: Stand Up India a programme initiated by Prime minister Narendra Modi to empower women…
Modi govt freezes bank accounts of over 200,000 suspected shell companies
NEW DELHI: The bank accounts of 209,032 suspected shell companies have been frozen as part of a crackdown…
Strike hits bank services in NCR
New Delhi, Aug 22: Banking services in the national capital region (NCR) were affected on Tuesday as lakhs of…
Subdued inflation prompts RBI to reduce key lending rates
Mumbai, Aug 2: Subdued inflation and demand prompted India’s central bank, the RBI, on Wednesday to reduce its key…
Government presents Banking Regulation Bill
New Delhi, July 24: Finance Minister Arun Jaitley introduced a bill where Reserve Bank of India get the…
SBI reduces NEFT, RTGS charges
New Delhi, July 13: The State Bank of India (SBI) reduced charges for National Electronic Funds Transfer (NEFT)…
Credit growth in the banking system is low, says SBI Chief
Kolkata, July 11: India’s largest lender, State Bank of India’s Chairperson Arundhati Bhattacharya on Tuesday said the credit growth…
Sena claims credit for RBI accepting old notes from co-op banks
Mumbai, June 21: The Shiv Sena on Wednesday claimed credit for the central government granting permission to the Reserve…
DCCBs allowed to deposit demonetised notes with RBI
New Delhi, June 21: In a significant move, the government on Tuesday allowed the RBI to accept demonetised notes…
RBI starts PCA against Central Bank of India
Mumbai, June 15: The Reserve Bank of India (RBI) took “prompt corrective action” (PCA) on Central Bank of…
Banks told to renew loans to drought-hit Karnataka farmers
Bengaluru, May 26: Karnataka Chief Minister Siddaramaiah urged the state-run banks and cooperatives to grant fresh loans to farmers,…
RBI revises NPA norms, announces penalty on banks for non-compliance
New Delhi, May 5: In wake of the ordinance promulgated on Friday empowering the Reserve Bank of India (RBI)…
RBI cautions banks on bad loan risk in telecom sector
Mumbai, April 18: The Reserve Bank of India on Tuesday cautioned about loans given to companies in sectors…
Agency banks, RBI offices to remain open till April 1
Mumbai, March 25: The Reserve Bank of India (RBI) has asked all agency banks — all public sector…
Banks, oil companies to bear card payment charges at petrol pumps
New Delhi, January 12: Oil Minister Dharmendra Pradhan after a meeting with Finance Ministry said on Thursday that…
Asset deterioration a challenge for Indian banks: Moody’s
Chennai, January 9: Global Credit rating Agency Moody’s on Monday said asset deterioration is a challenge for Indian…
Demonetisation: Banks asked to obtain PAN from account holders
New Delhi, Jan 9: As part of the drive to unearth black money, the government has asked banks to…
After Dec 30 withdrawal limits from banks, ATMs may not be lifted
New Delhi, December 27: Three days to go and Modi Government’s deadline for submitting old notes in the…
Accounts with Rs 2 lakh may now come in I-T dept’s radar
MUMBAI: It’s a wake-up call to those who never had amount more than Rs 2 lakh in their…
Long queues at banks, ATMs after long weekend
New Delhi, Dec 13: Long queues outside banks in Delhi and the National Capital Region (NCR) were a common…
#Demonetisation: Eyeing “suspicious” accounts ED raids 50 banks
New Delhi, December 6: Enforcement Directorate (ED) on Wednesday raided more than 50 banks across India over suspicious transactions…
Longer queues, spat at banks & ATMs on first payday
New Delhi, December 1: Chaos and Mayhem are the two words to describe the first pay day after…
In 4 years, ATMs, banks dispensed 19 lakh fake notes
BENGALURU, 28 Nov: According to a RBI report, banks and ATMs across the country have dispensed 19 lakh…
Banks disbursing soiled notes, sprayed with perfume, insecticides
New Delhi, November 19: Struggling with severe cash crunch post demonetisation by Modi government, banks at various places…
SBI writes off Vijay Mallaya’s Rs 1200 crore loans
New Delhi, November 16: While Narendra Modi led government jolted 125 crore Indians by demonetizing Rs 500 and Rs…
Demonetization is not the solution for black money: Bhartiya Mazdoor Sangh
The key organizations affiliated to RSS such as BMS, BKS and SJM, have now come up with the…
Modi reviews demonetization’s impact, holds meeting with senior leaders
Prime Minister Narendra Modi reviewed the recently announced demonetization and its effects with senior ministers after midnight on…
Rahul urges party workers to help common public in banks
Congress Vice President Rahul Gandhi on Saturday urged to his party workers to help people standing in queues…
Banks have enough cash for exchange of demonetised notes: RBI
Mumbai, Nov 11: The Reserve Bank of India (RBI) on Friday said there was enough cash made available…
57 defaulted Rs 85,000 cr; SC mulling to expose names
New Delhi, October 25: Uncovering the darkest secret of the banking sector, the Supreme Court on Monday revealed…
More power to banks to deal with bad loans mooted: Jaitley
Union Finance Minister Arun Jaitley today hinted that some measures are likely to further empower state-run banks legally…
Strike in SBI’s five associate banks a success: Union
The strike by about 45,000 employees in five associate banks of the State Bank of India (SBI) was…
SC tells Mallya to disclose his all assets by April 21
The Supreme Court on Thursday directed beleaguered business tycoon Vijay Mallya to disclose all his assets and other…
Stop privatisation of IDBI, Kejriwal urges PM Modi
Opposing the central government’s move to privatise Industrial Development Bank of India (IDBI), Delhi Chief Minister Arvind Kejriwal…
PM Modi to meet bankers, insurers on crop insurance scheme
Prime Minister Narendra Modi is set to meet senior officials of all banks and insurance companies in Mumbai…
Non-bailable warrant issued against Vijay Mallya, to appear before court in April13
A Hyderabad Court has issued non-bailable warrants against Liquor baron Vijay Mallya and Chief Financial Officer of defunct…
I won’t return to India, says Vijay Mallya
Under pressure to repay billion dollars owed to banks,Liquor baron Vijay Mallya, who is currently in the United…
Banks move Supreme Court to stop Vijay Mallya from leaving the country
The State Bank of India and other banks on Tuesday moved the Supreme Court with a plea to…
SC asks RBI to submit list of companies in default of bank loans
The Supreme court on Tuesday asked the Reserve Bank of India to submit a list of the companies…
PAN card must for cash transactions from Jan 1
Furnishing PAN will be mandatory from Friday for cash transactions such as hotel or foreign travel bills exceeding…