Many districts lack banking presence despite high level of economic activities: FM Nirmala Sitharaman

Addressing banking industry lobby grouping Indian Banks' Association (IBA), Sitharaman asked lenders to augment efforts of deepening presence.

published on : 26th September 2021

PSBs hire just 400 in FY21, but private banks add 17,000 employees

Still, that fares better than FY20, when state-run banks some of which were placed under the RBI’s prompt corrective action, downsized staff by about 38,000.

published on : 25th September 2021

DICGC asks 21 stressed cooperative banks to prepare list of account holders

DICGC has also asked the banks to circulate consent form to account holders for accessing funds up to Rs 5 lakh as per the amended law within 90 days.

published on : 22nd September 2021

HDFC Bank inks pact with Paytm to ramp up credit card issuance

The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants, an official statement said.

published on : 20th September 2021

Fresh shot at disposing of stressed assets

The move comes after the RBI’s humble attempt in 2017 to resolve 40 large NPAs in a timebound manner, courtesy the freshly minted bankruptcy law.

published on : 18th September 2021

Finance Ministry asks Indian Banks' Association to play "pivotal" role in resurgence of economy

IBA is involved in finding new solutions for the customers especially during the pandemic and has come up with guidelines for the cohesive functioning of the entire banking system, the CEO said.

published on : 15th September 2021

RFID tech to keep blood safe in TN

According to doctors, the system will mainly help monitor the temperature maintained in the refrigerator, where blood and blood components are stored.

published on : 3rd September 2021

Jabari Banks to lead The Fresh Prince of Bel-Air reboot series

Debutant Jabari Banks will play the lead role of Will, which was originally played by Will Smith in the 1990s sitcom.

published on : 2nd September 2021

Banks to operate full time in West Bengal from Thursday: CM Mamata Banerjee

Banking hours were revised several times in the wake of rising COVID-19 cases in Bengal during the course of the second wave.

published on : 1st September 2021

Cooperative banks okayed loans worth Rs 10.99 crore against fake gold

Incidents of pawning fake gold to avail of loans from cooperative banks and swindling crores of rupees through fake loans are rampant in Kerala. 

published on : 27th August 2021

State-run banks rapidly adapting to digital world

Such loan offers were generated using the customer transactions data within the banks.

published on : 26th August 2021

Finance Minister Nirmala Sitharaman to meet CEOs of public sector banks August 25

Sitharaman's meeting with MD and CEOs of PSBs assumes significance given the importance of the banking sector in generating demand and boosting consumption in the backdrop of the Covid second wave.

published on : 24th August 2021

IBA moves RBI seeking licence to set up Rs 6,000-crore  National Asset Reconstruction Company 

IBA, entrusted with the task of setting up a bad bank, has put a preliminary board for NARCL in place. The company has hired P M Nair, a stressed assets expert from SBI, as the managing director.

published on : 22nd August 2021

Cooperative banks continue to be a sore for India’s banking sector

RBI cancelled 6 licences, issued 123 directives & imposed penalty on UCBs so far in 2021

published on : 22nd August 2021

Now, Rythu Bharosa Kendras to function as mini-banks in Prakasam

Business correspondents of various banks, empowered to provide cash transactions up to Rs 20,000 among others, will render services in village RBKs where there are no bank branches.

published on : 13th August 2021
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