Page 6 - Banks

Measures taken to protect bona fide commercial decision of banks: FM

This is to alleviate the fear of any unwarranted hardships to officials or senior executives taking key decisions: FM

RBI imposes curbs on Nagar Urban Co-op Bank, caps withdrawals at Rs 10,000

The restrictions, imposed through directions under the Banking Regulation Act (as applicable to co-operative societies), 1949, shall remain in force for a period of six months

China central bank cuts reserve requirement ratio as economy slows

The People's Bank of China will reduce the reserve requirement ratio by 0.5 percentage point for all banks except those that are already on the lowest level of 5%, according to a statement

What are the types of bank accounts in India?

India has different types of bank accounts for different purposes. Find out the various types of accounts that can help you decide which one suits your requirements best

Indian banks behind on digital adoption, it's time to wake up: Uday Kotak

Says banks must be able to feed huge data being churned out by the financial system into analytics and ML. Turnaround time must give an MSME clarity on a loan in minutes, if not seconds

Bank unions call for two-day nationwide strike on December 16-17

United Forum of Bank Unions convener Mahesh Mishra on Thursday said the government wants to pass the Banking Reforms Bill in the current session of Parliament, paving the way for privatisation

Rs 26,697 cr lying in dormant accounts of banks: FM Sitharaman

This money is lying in nearly 9 crore accounts which have not been operated for 10 years

Governance, transparency in Indian banks weak by global standards: S&P

The lack of improvement in risk management and corporate governance in the coming growth cycle could produce a new crop of sour loans, the rating agency said

HDFC Bank, SBI: Analysts bullish on bank stocks as credit revival picks up

Analysts at Credit Suisse are more optimistic compared to their peers and expect double-digit growth in credit off-take during the second half of the current fiscal (H2-FY22)

PNB stock gains over 2% after Fitch affirms 'BBB‐' rating

Fitch's says there's a high probability of extraordinary government support for PNB, if required, because of the bank's high systemic importance

The financial world has to rethink the way it caters to women: salt.com CEO

Shinjini Kumar, the firm's co-founder and CEO spoke to Raghu Mohan

Govt to set up working groups to prepare action plan: Bank officials

Finance ministry is likely to constitute working groups which will define action plans that will be aimed at providing seamless credit flow to various sectors, bank executives said

Time for banks to support wealth & job creators: PM Narendra Modi

More than Rs 5 trillion recovered by banks from defaulters

Banking sector strong today due to current regime's reforms: PM Modi

Banks have to adopt a partnership model and reach out to their customers in a proactive manner, Modi said

Over Rs 5-trn recovery made by banks from stressed loans, says PM Modi

PM Modi emphasised that the banking sector must take advantage of the big reforms and schemes as well as the big pool of data that has been created in the country

Big technology platforms like Google no threat to banks, say experts

Google has a customer interface feature and the Unified Payments Interface (UPI) is a feature for mobile to mobile payment

Banks have weathered Covid-19 shock better than expected: RBI Governor

Gross NPAs and capital adequacy ratios of scheduled commercial banks have further improved in September from June levels

Bank-owned brokerages to show up to 20% profit growth in FY22: Icra

Surge in trading volumes to drive better show; huge competition from discount brokerages a challenge; capital market linked loan book shows 100% CAGR

Banks' core earnings face heat from poor credit growth, low yields on loans

Their gross interest income shrank for second consecutive quarter in Q2FY22 while their core earnings, or pre-provisioning profit, were down 1.5% YoY

Vodafone Idea working on 'comprehensive' revival plan, banks to recast debt

Kumar Mangalam Birla, new investor to bring in fresh equity