• Tag results for banks

India likely to stick to deficit target, may step up bank reform: Economic Advisory Council member Surjit Bhalla

Prime Minister Narendra Modi's government has already used up nearly all of its budget for the current fiscal year and tax revenues are expected to fall far short of initial expectations.

published on : 17th October 2017

Government aid to KSWDC raised to Rs 210 crore

The state government will provide bank guarantee of Rs 150 crore to the Kerala State Women’s Development Corporation for availing of loans from Central agencies.

published on : 14th October 2017

Banks need to set aside Rs 3.3 lakh crore as NPA provisioning in FY18

Banks are likely to need nearly Rs 3.3 lakh crore this fiscal as provisioning for large NPA accounts in the current financial year, said a Crisil report.

published on : 12th October 2017

Government appoints executive directors in nine public sector banks

The government has approved the appointment of executive directors for nine public sector banks.

published on : 10th October 2017

Number of public-sector banks to be brought down to 10-15: Finance Ministry

The finance ministry is mulling reducing the number of public-sector banks in India by merging some of the banks.

published on : 7th October 2017

RBI panel pushes new rules so lenders pass on rate cuts more quickly

The panel proposed to remove some of the .leeway that banks have enjoyed, including allowing lenders to use only one of three benchmarks to set their lending rates.

published on : 5th October 2017

US tightens financial sanctions on Russian banks, energy firms

The US Treasury announced tighter financial sanctions on Russian banks and energy firms because of Moscow's continued interference in Ukraine.

published on : 29th September 2017

Card payments push may land banks with a Rs 3800 crore annual hole

After the note-ban last November, the Modi government has pushed banks into deploying millions of points-of-sale machines to encourage online payments.

published on : 28th September 2017

Telecom sector under stress, banks not lending: Anil Ambani

Ambani said the telecom sector needed a minimum of Rs 100,000 crore a year to expand and maintain quality of service.

published on : 26th September 2017

UK banks to carry out immigration checks

UK banks will carry out immigration checks on 70 million current accounts from January in the biggest extension of Prime Minister Theresa May's plans to create a "hostile environment".

published on : 22nd September 2017

Financial inclusion providing the entire range of banking services: SBI chairman

India has taken a series of steps to ensure the common man has access to financial services, SBI chairman Arundhati Bhattacharya said as she called for collaboration.

published on : 21st September 2017

China provides USD 10 billion credit line to Iran

Chinese state-owned investment firm CITIC has provided USD 10 billion credit line for Iranian banks to finance water, energy and transport projects.

published on : 16th September 2017

50 per cent of women prefer to put money in formal banks: Survey 

When it comes to engaging with the formal banking system, nearly 50 per cent of the women preferred depositing money in formal banks and almost 72 per cent in rural banking institutions.

published on : 13th September 2017

Indian banks need $65 billion capital to meet Basel rules by March 2019: Fitch

That is far above the $11 billion in capital infusions into state-run lenders the government has budgeted through March 2019, with $3 billion due to be injected in the 2017/18 and 2018/19 fiscal years

published on : 12th September 2017

SBI, PNB asked to pay compensation to customer

The case in which a nationalised bank was ordered to pay compensation to one of its customers after his cheque got encashed by someone else proves that even the cheque drop boxes in banks aren't safe.

published on : 9th September 2017
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