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Through the program, Infosys Finacle identifies promising FinTech solutions from across the world and co-innovates with them to help accelerate innovations for banks.

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

08 May 2019 12:03 PM

Jet has been forced to ground dozens more over unpaid dues. (Photo: Twitter | @jetairways)

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

RBI has moved the NCLAT seeking modification of its order that restrained banks from declaring accounts of IL&FS and its group companies as NPAs.

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

The central bank further said the currency chests should have CBL of Rs 1,000 crore, subject to ground realities and reasonable restrictions.

RBI issues norms for banks to set up currency chests

The new chests should have a processing capacity of 6.6 lakh pieces of banknotes per day.

09 Apr 2019 9:22 AM

Abu Dhabi’s Etihad bought a 24 per cent stake to keep the airline running. (Photo: AFP/File)

Jet Airways chairman Naresh Goyal steps down as banks move in with rescue plan

Banks have moved in to take a majority stake in the airline after Jet failed to convince potential investors.

26 Mar 2019 11:38 AM

New Delhi is also backing a proposal for Jet’s founder and Chairman Naresh Goyal to step down if it means saving the airline. (Photo: AFP/File)

Government asked banks to save Jet, avoid bankruptcy: sources

jet airways saddled with more than 1 billion dollars of debt.

19 Mar 2019 2:45 PM

RBI had carried out an assessment of compliance with its directions on implementation and strengthening of SWIFT-related operational controls of 50 major banks.

RBI slaps penalties on 36 major banks for non-compliance in SWIFT operations

Reserve Bank of India has imposed penalties worth Rs 71 crore on 36 public, private and foreign banks.

09 Mar 2019 10:51 AM

Swift is the global messaging software used for transactions by the financial entities.

RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations

RBI levied an aggregate penalty of Rs 40 million on the bank for delayed implementation of four of the Swift related operational controls.

05 Mar 2019 9:35 AM

Finance Minister Arun Jaitley. (Photo: ANI)

You don't get away by not paying back to banks: Jaitley

Reforms in the banking sector are necessary to make public sector banks compete with private banks, says FM

28 Feb 2019 5:38 PM

The instructions regarding bulk deposits were last reviewed in January 2013 and defined as single rupee deposits of Rs 1 crore and above.

Single deposit of Rs 2 crore, more to qualify as 'bulk deposit', says RBI

Interest rate on bulk deposits are marginally higher than smaller-amount fixed deposits for similar maturity period.

07 Feb 2019 2:07 PM

Banks have been collecting an average of Rs 7 lakh crore per annum in the last few years. (Representational image)

'Banks need Rs 20 trillion deposits for credit growth, may up rates'

Credit to deposit ratio will jump to 78 per cent by the end of FY19 from the 73 per cent levels in March 2017.

06 Feb 2019 3:33 PM

Banks confused on biometric use post Aadhaar verdict: Ex-RBI deputy governor

Gandhi urged researchers to pay special focus on burning issues such as data security.

22 Jan 2019 5:57 PM

The government stake will be diluted from the existing 58.53 per cent.

Govt keen to pare stake in banks to 52 per cent, but capital infusion a hurdle

State Bank of India has already initiated steps for a Rs 20,000-crore share sale through qualified institutional placement.

15 Jan 2019 2:14 PM

Jet Airways and SBI did not immediately respond to Reuters’ request for comment.

Indian banks propose USD 900 million turnaround plan for Jet Airways: report

Naresh Goyal and Etihad Airways are likely to infuse USD 450 million together in Jet Airways.

09 Jan 2019 11:00 AM

The government decision to upsize the bank recapitalisation plan for FY19 by Rs 41,000 crore to Rs 1.06 trillion is positive for state-run banks.

Additional fund infusion to help banks lower NPAs: report

The overall capital infusion into state-run banks during FY15-FY19 stands at Rs 2.56 trillion.

08 Jan 2019 5:05 PM

The Standing Committee on Finance has also asked banks to install adequate number of ATMs.

Dry ATMs: Par panel nudges RBI to fix the problem

As per a data of RBI, there were 2,21,492 Automated Teller Machines (ATMs) in the country as at September-end 2018.

07 Jan 2019 11:34 AM

Banks likely to recover bad loans worth Rs 700 bn by March-end: Jaitley

Lenders have so far recovered 80,000 crore rupees from the resolution of 66 cases, he added.

03 Jan 2019 2:32 PM

The nation-wide strike would impact banking services like deposits and withdrawal at branches, cheque clearances and issuance of demand drafts, among others. (Photo: PTI)

Bank workers at it again: Second nation-wide strike within a week

The unions are claiming that the merger is not in the interest of banks or their customers and will in fact be detrimental to both.

26 Dec 2018 10:04 AM

The capital infusion exercise will be completed by March 31, 2019. (Photo: AFP)

Rs 83,000 crore banks recap exercise to start next week

The infusion is also expected to help four-to-five banks to pull out from the PCA framework and also help loan growth.

25 Dec 2018 10:25 AM

IBC is unlikely to greatly improve loan recovery rates and there is a need to increase bad asset provisioning to above the present 50 per cent.

Keep more capital buffer for your own interest: RBI ED to banks

Banks with capital will get going and those without it will be punished by the ecosystem.

07 Dec 2018 12:22 PM

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Mohan Guruswamy