Page 14 - Banks

Cheque clearing to be done at all bank branches by September 30

The measure was first announced during February policy meet of RBI, but the guidelines were to be issued by March

Nationwide bank strike: Cheques worth Rs 16,500 crore stuck

A nationwide strike called by the United Forum of Bank Union in protest against privatisation of the government banks has begun

Maintain separate category for Covid-19 moratorium seekers: RBI to banks

Step will help banks, financial institutions separate regular debt restructuring and those availed due to the pandemic

Government-owned bad bank is more capital efficient: Report

A brokerage has called for government ownership, saying state-funding is more capital efficient

Banks write-off Rs 1.15 trn in 9 months of FY21: Anurag Thakur to Lok Sabha

Replying to another question, Thakur said various measures have been taken to check unauthorised digital lending platforms

Cash logistics business is on the cusp of change as digital payments soar

Deregulation of the currency chest system will act as the game changer

PM Narendra Modi urges banks to lend to start-ups and MSMEs amid Covid-19

Calls for effective participation of public sector in banking and insurance

Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data

Deposits rose 11.8%

Proposed ARC will not 'jeopardise' existing players: RBI governor

The ARC will not 'jeopardise' the activities of existing players in the space, Das said on Thursday

Small loans, big stakes: Why MSMEs are banking on fintech lenders

Speed and flexibility to cater to a wider segment of small borrowers are tilting market in their favour

PMLA case: Ex-ICICI Bank CEO Chanda Kochhar granted bail

Former ICICI Bank CEO and MD Chanda Kochhar was granted bail by a special PMLA court on Friday

Lenders sell Mallya's entire stake in Mangalore Chemicals and Fertilisers

The shares were sold in the stock markets and the proceeds will be used to retire part of bank dues

Covid-19 pandemic sends French bank Societe Generale into the red

Lenders globally have been grappling with the effects of the health crisis and setting aside funds to deal with loans that could turn sour, though that pressure has begun to ease in recent months

Service complaints by bank customers rise 57% to over 300,000: RBI report

The disposal rate declined marginally to 92.36 per cent, as against 94.03 per cent in 2018-19 as the surging complaints had to be handled by the same number of staff

Ind AS adoption for banks could be deferred till FY24, say sources

Extended dispensation on capital conservation buffer and SLR holding in HTM instruments point at a delay in adoption

ICICI Bank, MUFG Bank tie up for serving Japanese firms operating in India

The tie-up is set to focus on the business generated by companies from the eastern Asian country present in India

RBI imposes Rs 55 lakh penalty on Pune-based Seva Vikas Cooperative Bank

A notice was issued to Seva Vikas Cooperative Bank advising it to show cause as to why penalty should not be imposed on it for such non-compliance with the directions

Germany lays out reform of banking watchdog after Wirecard fraud

The acknowledgement of problems was a fresh indictment of Germany's supervision of a company that began by processing payments for gambling and pornography before becoming a star of fintech

Bad loans fall to Rs 8.08 trn in Sep 2020 from Rs 10.36 trn in Mar 2018

Minister of State for Finance Anurag Thakur informed the Rajya Sabha on Tuesday

IDBI Bank shares gain over 2% after third quarter earnings

The firm reported a standalone net profit of Rs 378 crore for the December quarter