Banks to remain closed for four days starting today, cash crunch may hit people
In wake of extended Dussehra holidays, there might be possibilities of cash crunch hitting people.
Sep 29, 2017, 11:41 AM IST
IRCTC denies reports of barring certain banks from using its payment gateway
"No debit or credit card of any bank has been restricted by the IRCTC for acceptance on any of the gateway," it said.
Sep 25, 2017, 12:40 PM IST
NPAs to touch 10.5% by March as banks recognise entire stress
The 9.5 percent NPA figure for March 2017 includes only two-thirds of the overall stressed assets.
Sep 14, 2017, 15:11 PM IST
Banks sans Aadhaar enrolment centres face Rs 20,000 fine from Oct
The Unique Identification Authority of India (UIDAI), in July, had asked private as well as public banks to open Aadhaar enrolment and updation facility in one out of 10 branches by August-end.
Sep 05, 2017, 18:43 PM IST
5 banks of BRICS nations sign pact for credit lines: Report
The agreement on credit ratings reportedly enables them to share information about internal credit ratings and rating assessment.
Sep 03, 2017, 00:09 AM IST
Pay dues or allow other to take control of biz: Arun Jaitley to debtors
Finance Minister Arun Jaitley on Thursday put private sector debtors on notice saying they will have to pay their dues to banks or allow somebody else to step in and take control of the business.
Aug 31, 2017, 12:32 PM IST
'Sans fund infusion, PSB mergers won't improve capitalisation'
The Union Cabinet's decision to speed up the merger of public sector banks (PSBs) will not improve their weak capitalisation without capital infusion from the government, Moody's Investors Service said on Monday.
Aug 28, 2017, 13:40 PM IST
Present project financing ways must change: Chanda Kochhar
With lenders' bets on project loans turning awry, ICICI Bank's Chanda Kochhar has said project financing is set to undergo fundamental changes wherein greater focus will be on planning and diligence.
Aug 24, 2017, 12:17 PM IST
CREDAI seeks PM's intervention for proper rollout of RERA
Real estate industry body CREDAI on Thursday sought the prime minister's intervention to ensure proper and expeditious implementation of the new real estate regulatory law to protect the interest of property buyers and developers.
Aug 17, 2017, 19:04 PM IST
'RBI still has room to slash key rate in current fiscal'
The Reserve Bank still has room to cut the key policy rate in the current fiscal, veteran banker Naina Lal Kidwai has said, while stressing that banks should pass on the benefits of lower rates to customers.
Aug 17, 2017, 16:01 PM IST
Revenue dept's probes source of data on black money: FM Jaitley
Finance Minister Arun Jaitley on Wednesday said ongoing probes of and notices to depositors of unexplained money post note ban were among the sources to collate information about black money that figured in Prime Minister Narendra Modi's Independence Day speech.
Aug 16, 2017, 20:00 PM IST
Bank employees to go ahead with August 22 nationwide strike
The United Forum of Bank Unions (UFBU) on Wednesday declared that their nationwide strike call for August 22 stands as the talks with the Indian Banks` Association (IBA) in Mumbai have failed.
Aug 16, 2017, 19:17 PM IST
Saving deposit rate cuts to lead to lower lending rates: Report
eduction in saving deposit rates by three large banks over the past fortnight may set the ball rolling for lower lending rates and stoke greater competition among lenders, says a report.
Aug 13, 2017, 11:42 AM IST
Alert! Banks to remain closed for 4 straight days; ATMs likely to run out of cash
The dates being - August 12 for second Saturday (Banks are closed on second and fourth Saturdays every month), August 13 for Sunday, August 14 for Janmashtami and August 15 for Independence Day.
Aug 11, 2017, 13:02 PM IST
RBI to give 'junked notes' figure after counting: Arun Jaitley
Union Finance Minister Arun Jaitley on Tuesday said the Reserve Bank of India (RBI) will announce the amount of deposits of junked notes after the November 8 demonetisation as soon as the counting was completed.
Aug 01, 2017, 23:36 PM IST
Things to keep in mind as a loan guarantor
Before you say yes to become a loan guarantor, check on the below-mentioned essentials to avoid falling into an unnecessary financial trap.
Aug 01, 2017, 18:33 PM IST
RBI asks banks to enable account number portability
RBI Deputy Governor S S Mundra has asked banks to work towards account number portability as it will be a far-reaching step towards enhancing competition and improving customer service.
Jul 31, 2017, 20:20 PM IST
76 banks report 5,076 cases of active banking frauds
A combined 5,076 cases of active banking frauds involving Rs 1 lakh or more causing losses of Rs 16,78,853 lakh were reported by 76 banks during 2016-17, Parliament was informed on Tuesday.
Jul 25, 2017, 21:06 PM IST
Banks' exposure to telecom sector at Rs 97,681 crore: Arun Jaitley
Finance Minister Arun Jaitley on Tuesday said banks have an exposure of Rs 97,681 crore in the telecom sector, which is grappling with financial stress.
Jul 25, 2017, 20:21 PM IST
Indian banks face $37 billion hit from top 50 stressed assets: CRISIL
Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed asset accounts, or a hit of 2.4 trillion rupees ($37.31 billion), ratings agency CRISIL said on Wednesday.
Jul 19, 2017, 16:58 PM IST
