Banks | The Asian Age

Friday, Apr 26, 2024 | Last Update : 04:47 AM IST

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The government earlier this year pumped Rs 11,336 crore in five PSBs.

Govt to infuse Rs 42,000 cr in PSU banks by March; next tranche likely in Dec

Out of the Rs 1.35 lakh crore, the government has already infused about Rs 82,000 crore through the bonds.

26 Nov 2018 3:06 PM

As per the current norms, banks can only be a consignment or channelising agent in the import of bullion for jewellers and exporters.

Banks to get green signal for gold business

Allowing bullion banking will be a main step towards developing gold infrastructure in India and establishing gold as an asset class.

26 Nov 2018 10:33 AM

State Bank of India (SBI), is offering the highest 6.85 per cent interest rate on 5-10 years tenure.

FD rates up, smaller lenders offer 8.50 per cent

HDFC Bank, Punjab National Bank (PNB) and Canara Bank revised their interest rates recently.

13 Nov 2018 12:38 PM

Overall, most banks showed a reduction in gross non-performing loans (NPLs) and lower formation of new NPLs.

Banks showing positive signs but fundamentals still weak: report

Valuations of Indian bank USD bonds remain relatively expensive and do not offer much upside from current levels.

09 Nov 2018 10:48 AM

There are 3,975 currency chests in the country, with as many as 2,575 being managed by State Bank of India.

RBI allows banks for fire audit of currency chests by approved agencies

Banks maintaining currency chests are required to get fire audit done once in a two years.

29 Oct 2018 4:36 PM

CAG also pointed out that there is a lack of public policy debate or a narrative on the root causes of the banking crisis. (Photo: PTI)

CAG Mehrishi questions RBI's accountability over NPA crisis in banks

The banking sector had NPAs or bad loans worth over Rs 9.61 lakh crore by the end of 2017-18.

23 Oct 2018 4:19 PM

The relaxation in lending norms by RBI comes on the back of worries over tightening credit lines to NBFCs.

RBI allows banks to lend more to some non-banking finance firms

The limit has been raised from 10 per cent and is effective up to December 31.

19 Oct 2018 11:26 AM

Finance Minister Arun Jaitley. (Photo: Twitter | ANI)

Banks, telcos could be allowed to use Aadhaar, says Jaitley

Supreme Court declared constitutional the government's extraordinary attempt to give every resident a biometric ID.

06 Oct 2018 2:35 PM

The monetary policy committee will start its three-day meeting from October 3 to decide on the fourth bi-monthly monetary policy.

Higher lending rates may spoil your festival plans

RBI might increase the repo rate for the third time this year by 25 basis points in its policy review.

02 Oct 2018 8:25 AM

RBI said it would allow banks to account for up to two percentage points more of government securities.

RBI eases some cash requirement rules for banks

The move will ease tight cash conditions to some extent as it will reduce pressure on banks.

27 Sep 2018 10:00 AM

Preventive vigilance better governance tool for public institutions: Urjit Patel

Percentage of vigilance cases against RBI employees' vis-à-vis the total staff strength of the Bank stood on average at 0.004 per cent.

20 Sep 2018 5:59 PM

Interest rate for 5-year term deposit, recurring deposit Senior Citizens Savings Scheme has been raised to 7.8, 7.3 and 8.7 pc.

Interest rate on small savings hiked after several yrs; PPF to fetch 8 pc now

Interest on savings deposits has been retained at 4 per cent, annually.

20 Sep 2018 10:52 AM

Investors, sectoral experts and bankers are all now speculating the next wave in bank mergers.

Fingers crossed over next wave of bank mergers

Currently there are nine banks still placed under the prompt corrective action (PCA) framework of the RBI.

19 Sep 2018 11:26 AM

Banks have about 15 days time to complete the process and refer NPA accounts with over Rs 2,000 crore exposure to the bankruptcy court.

Banks draw list of 11 power projects for NPA resolution

Total exposure in these firms that will soon go to NCLT is Rs 60,000 crore.

07 Sep 2018 8:57 AM

ATMs in all states will be fully functional and there will be no impact on online banking transactions.

Bank branches to function normally next week; no need for panic: FinMin

Banks will only observe holidays on Sunday, September 2, and second Saturday, September 8.

31 Aug 2018 1:57 PM

Of the Rs 15.41 lakh crore worth 500 and 1,000 rupee notes in circulation before November 8, 2016, notes worth Rs 15.31 lakh crore have been returned.

99.3 per cent of demonetised currency returned to banks: RBI

The total SBNs returned from circulation is Rs 15,310.73 billion.

29 Aug 2018 12:18 PM

Officials also said that all the recovery proceedings already started have been stopped for three months.

Banks in Kerala decide to reschedule loans, waive fees for new cheque books

Banks decided to announce a moratorium on education loan for a period of six months and all other loans for one year.

23 Aug 2018 9:58 AM

Banks have made recovery of Rs 36,551 crore during the first quarter registering a 49 per cent growth over the last financial year.

Banks set to come out of PCA framework this year

As many as 11 out of 21 banks are under the watch list of the Reserve Bank of India (RBI).

17 Aug 2018 8:54 AM

Facebook is in talks to deepen links with banks and financial institutions. (AP Photo/Richard Drew, File)

Facebook begins talks with banks to expand customer service

Facebook had asked banks to share detailed financial information about their customers.

07 Aug 2018 7:54 AM

The objective is to use this inter-creditor agreement for faster facilitation of the stressed assets resolution.

Over 20 Indian banks sign pact for faster bad-loan resolution

Top lender State Bank of India was among banks which signed the agreement.

24 Jul 2018 9:10 AM

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Sunil Gatade