Saturday, Feb 22, 2020 | Last Update : 07:07 PM IST

banks

Deposit insurance hike: RBI says not to hit banks balance-sheets

The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5 lakh from Rs 1 lakh.

07 Feb 2020 11:11 AM

Rewards-based payments platform TWID enters in strategic alliance with Ola Money

Customers can make purchases at any of the TWID’s partner brands with their Reward Pool, Ola Money wallet in a single click checkout.

29 Nov 2019 6:08 PM

Customer authentication at banks in just 3 minutes

This first-of-its-kind solution aims to revolutionise banking thereby curbing frauds and enhancing digital customer experience.

29 Nov 2019 4:16 PM

Govt not planning to help banks rescue shadow lender DHFL: sources

DHFL’s creditors include mutual funds, pension funds, insurance firms and a wide array of retail investors.

07 Nov 2019 1:30 PM

Bank credit growth to moderate to 8.5 pc in FY20: Icra

Icra expects year-on-year credit growth to decline to 6.2-6.8 per cent in FY20 from 13.5 per cent in the last financial year.

04 Nov 2019 3:35 PM

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Banks' payments revenues to dent by USD 9 billion by 2025: report

Banks may not be able to garner all the goods for themselves, as the non-bank players become more active in the segment.

31 Oct 2019 5:21 PM

There will not be single job loss due to merger of banks: FM

I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala Sitharaman.

01 Sep 2019 4:55 PM

Board to soon consider amalgamation with OBC, United Bank: PNB

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

31 Aug 2019 2:14 PM

RBI asks banks to extend PoS cash withdrawal facility

The RBI has reiterated the instructions with a view to provide for cash withdrawals at PoS by card-holders.

30 Aug 2019 10:20 AM

Banks report reduction in NPA; seek steps to address stress in NBFCs: Survey

Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax compliance.

13 Aug 2019 6:35 PM

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Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

08 Aug 2019 12:43 PM

Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19

Banks, on an average, report fraud loss of Rs 35,000 crore every year.

05 Jul 2019 9:39 AM

RIL to raise USD 1.85 billion from offshore lenders to meet its needs

RIL has been inquired by the ministry to provide details of funding, operations and revenues.

25 Jun 2019 1:35 PM

RBI launches CMS for filing online complaints against banks, NBFCs

The RBI also plans to introduce a dedicated Interactive Voice Response (IVR) system for tracking the status of complaints.

24 Jun 2019 8:37 PM

Govt asks banks, PSUs to review staff's service records to weed out corrupt

Earlier this month, 12 officers of Indian Revenue Service (Income Tax) were also dismissed from service.

21 Jun 2019 2:58 PM

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3 in 5 APAC banks do not have full digital account opening for new customers

60 percent of Asia Pacific (APAC) banks surveyed either have no digital onboarding process for new customers.

07 Jun 2019 3:09 PM

RBI cuts interest rates to 9-yr low, expects banks to quickly lower home, auto loan

The reduction in interest rate will help boost credit growth, helping arrest the slowdown in the economy

06 Jun 2019 2:02 PM

Lemnisk partners with Infosys Finacle to co-innovate on digital marketing solutions

Finacle FinTech Connect is an ecosystem innovation initiative that brings together banks, FinTechs, and Finacle.

08 May 2019 12:03 PM

Jet Airways faces imminent shutdown without emergency funds: sources

Bankers and an Indian govt official said lenders are trying to line up funds to keep aloft the once-dominant Indian airline.

17 Apr 2019 9:53 AM

Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.

17 Apr 2019 8:53 AM

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