Why NPCI and Facebook need urgent regulatory attention

Concerns over data sharing and storage, which delayed the launch of the messenger’s payments platform, have highlighted the need for urgent regulatory attention in the space from Banking/Finance-Industry-The Economic Times https://ift.tt/2MeXH...

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Modi’s NPA war: SBI looks at over Rs 40,000 crore recovery in FY19

Under IBC the lender's exposure in the first list of stressed accounts as referred by Reserve Bank of India was Rs 48,000 crore and for the second list, the exposure was to the tune of Rs 28,000 crore, he said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2HxPl...

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IBC’s objective is to keep the firm alive, says Bankruptcy Board chief MS Sahoo

Insolvency and Bankruptcy Board of India's (IBBI) Chairperson M.S. Sahoo on Saturday said the focus is on getting resolution in the corporate insolvency resolution process though liquidation is happening more in the initial stages. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JE5y...

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‘Bad bank’ idea is back! What it is that Modi government mulling to resolve bad loans

Finance Minister Piyush Goyal on Friday said that a committee will come out with its recommendations on setting up an asset reconstruction or an asset management company for faster resolution of bad loans -- a concept that's similar to the idea of bad bank. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JuuB...

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IOB hikes MCLR by 5-10 bps

   Chennai-headquartered Indian Overseas Bank has decided to up its benchmark marginal cost of funds based lending rates (MCLR) across tenors by 5-10 from Business Line - Money & Banking https://ift.tt/2JoUc...

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SBI is close to recover 40k cr under IBC

State Bank of India is looking to recover close to Rs 40,000 crore from its stressed assets during the current fiscal. According to Pallav Mohapatra, from Business Line - Money & Banking https://ift.tt/2sS0m...

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SBI expects Rs 30,000 crore recovery from resolution under IBC

State Bank of India, the country's largest lender expects to recover around Rs 30,000 crore from the resolution process under the Insolvency and Bankruptcy Code (IBC) during the current fiscal, an official said on Saturday.​ from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2l0fv...

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Gupta family case: Bank of Baroda says will cooperate with South Africa in investigations

Guptas, who were considered close to former President Zuma, had accounts with BoB, which has got permission to close down its operations in South Africa, from Banking/Finance-Industry-The Economic Times https://ift.tt/2JIlg...

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SBI expects Rs 30,000 crore recovery from resolution under IBC

From the Electrosteel-Vedanta deal, the bank expects to recover Rs 6,000 crore, he told reporters on the sidelines of a Confederation of Indian Industry (CII) event here today. from Banking/Finance-Industry-The Economic Times https://ift.tt/2LCd3...

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SBI expects ₹ 30,000 cr recovery from resolution under IBC

State Bank of India, the country’s largest lender expects to recover around ₹30,000 crore from the resolution process under the Insolvency and Bankr from Business Line - Money & Banking https://ift.tt/2HxOV...

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Focus should be on resolution and not recovery: M S Sahoo

At a time when a majority of companies headed for resolution under the Insolvency and Bankruptcy Code (IBC) have been slipping into liquidation, M S from Business Line - Money & Banking https://ift.tt/2JJPC...

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How a bad bank can indeed be good for India's ailing PSBs

A bad bank is essentially the government's financial help to banks. Its primary task is to free the debt-laden banks of their burden of resolving bad loans. from Banking/Finance-Industry-The Economic Times https://ift.tt/2sJfG...

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Focus should be on resolution and not recovery: M S Sahoo

At a time when a majority of companies headed for resolution under the Insolvency and Bankruptcy Code (IBC) have been slipping into liquidation, M S from Business Line - Money & Banking https://ift.tt/2xXPk...

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Syndicate Bank case: CBI chargesheets AC Muthiah, Farouk Irani, 23 others

The Central Bureau of Investigation (CBI) has filed a chargesheet against AC Muthiah, Chairman of the Chennai-based First Leasing Company Ltd, and Fa from Business Line - Money & Banking https://ift.tt/2xUFv...

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Syndicate, OBC, Bank of India raise rate by up to 0.15%

The hike follows the Reserve Bank this week raising the key lending rate by 0.25 per cent citing inflation concerns on rising oil rates globally. from Banking/Finance-Industry-The Economic Times https://ift.tt/2xUAp...

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Bankers’ panel to study setting up of reconstruction firm for NPA clean-up

Committee will come out with recommendations over the next two weeks: FinMin from Business Line - Money & Banking https://ift.tt/2Mdlm...

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PNB case: ED appeals to court to issue NBAs against Nirav Modi, others

The agency had last month filed a 12,000 page-charge sheet in the court against Nirav Modi and 23 others, including his father Deepak Modi. from Banking/Finance-Industry-The Economic Times https://ift.tt/2y1pS...

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Maharashtra set to rope in 500 fintech firms to boost finance, banking sectors

Our BureauThe Maharashtra government has been ahead of the rest of the country in the adoption of new technology that would help shape the finance an from Business Line - Money & Banking https://ift.tt/2Lzkq...

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Insolvency regulator moves to set up panel of resolution professionals

Panel to be created for every NCLT bench; IBBI invites expression of interest from Business Line - Money & Banking https://ift.tt/2Ju1Y...

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Bank of India hikes MCLR by 10 bps

Our BureauBank of India has increased its Marginal Cost of Funds-Based Lending Rate by 10 basis points for various sectors. The enhanced rates would from Business Line - Money & Banking https://ift.tt/2JDJi...

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No cause for concern at ICICI Bank, says Goyal

Finance Minister says charges are being probed by the bank from Business Line - Money & Banking https://ift.tt/2xVMb...

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FM Goyal announces committee to set up Asset Reconstruction Co

Finance Minister Piyush Goyal today said a committee will come out with its recommendations on setting up an asset reconstruction or an asset manage from Business Line - Money & Banking https://ift.tt/2kZ0S...

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Bank of India hikes MCLR by 0.10%

Bank of India has hiked the MCLR-based lending rates by 0.10 per cent for various tenors.“Bank of India has revised upward the marginal cost-based l from Business Line - Money & Banking https://ift.tt/2HyEf...

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India poised to be worth $10 trillion in next 15 years - Suresh Prabhu

"India is poised to be worth up to 10 trillion in the next 15 years" - Suresh Prabhu Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation of In... from Banking/Finance-Industry-The Economic Times https://ift.tt/2JBOM...

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Government breaks silence on Kochhar-ICICI, says law to take its own course

Investigations into the matter are on and the findings will be out soon, acting finance minister Piyush Goyal told reporters after a meeting with bank chiefs in the financial capital Mumbai on Friday. from Banking/Finance-Industry-The Economic Times https://ift.tt/2JqNU...

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Piyush Goyal says government committed to support state banks

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LzyI...

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Bank of India ups MCLR by 0.10% from June 10 for various tenors

New Delhi, Jun 8 () Following peers, state-owned Bank of India has hiked lending rates based on MCLR by 0.10 per cent for various tenors. The bank has increased MCLR rates by 10 bps (or 0.10 per cent) for various tenors, it said in a statement. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2sIcq...

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Finance Ministry non-committal on 2nd tranche of Rs 2.11 lakh crore bank recap timing

With an aim to faster manage stressed assets or NPAs, the government is mulling over a plan to set up an oversight committee. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2kVh8...

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Important for India to address banking crisis to support investment, inclusive growth agenda: IMF

The International Monetary Fund (IMF) today said addressing the ongoing crisis in the banking sector was important for India to support investment and inclusive growth agenda. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2sOrk...

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Modi’s IBC, RBI bad loan policy raised consciousness about ‘need to pay on time,’ SBI chief explains how

The introduction of Insolvency and Bankruptcy Code (IBC) by the Modi government, along with the newly introduced framework for stressed assets, raised consciousness among the borrowers about the ‘need to pay on time.’ from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M5nX...

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RBI reduces interest rate on unclaimed deposits by 50 bps to 3.5%

Interest rate on unclaimed deposit amount transferred to Depositor Education and Awareness (DEA) fund has been reduced by 50 basis points to 3.5 per cent, the Reserve Bank said today. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2sE2i...

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Finance Minister Piyush Goyal to meet heads of PSU banks tomorrow

Finance Minister Piyush Goyal will meet heads of public sectors banks (PSBs) based out of western and southern regions tomorrow to resolve various issues concerning them. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JlYw...

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...but the majority failed to meet ₹2,500-crore target for 2017-18

Only 8 private banks achieve ‘good’ rating from Business Line - Money & Banking https://ift.tt/2LxEX...

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Digital transactions up for some banks...

Footfalls into bank branches drop to 20% from Business Line - Money & Banking https://ift.tt/2JicC...

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Annapurna Finance raises ₹155 crore from OIJIF

Our BureauAnnapurna Finance, formerly Annapurna Microfinance, has raised ₹155 crore from mid-market private equity firm Oman India Joint Investment F from Business Line - Money & Banking https://ift.tt/2Joco...

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Unclaimed amounts in DEA fund to fetch lower returns

Our BureauUnclaimed deposits transferred to the Depositor Education and Awareness Fund (DEA) will now earn lower interest. The Reserve Bank of India from Business Line - Money & Banking https://ift.tt/2M85I...

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Bank recap insufficient for credit growth: Moody’s

Our BureauThe bank recapitalisation plan of the Indian government will resolve the regulatory capital needs but it may not be sufficient enough to su from Business Line - Money & Banking https://ift.tt/2JDcv...

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Eight fintechs shortlisted for Citi India FinTech Challenge

Citi interested in collaborating with the final winners from Business Line - Money & Banking https://ift.tt/2HuEp...

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Govt amends Gold Monetisation Scheme

Our BureauThe Reserve Bank of India has amended the Gold Monetisation Scheme (GMS) 2015, whereby deposits can be placed with banks for broken periods from Business Line - Money & Banking https://ift.tt/2JzAD...

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Despite odds, Kerala Gramin Bank retains pole position

Driven by focus on rural economy, IT innovations from Business Line - Money & Banking https://ift.tt/2JzAW...

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FinMin mulls ways to boostbiz correspondent network

Banks asked to remove inactive BCs, enrol more women for higher financial inclusion from Business Line - Money & Banking https://ift.tt/2Hs4c...

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Axis Bank launches new chat bot service for its customers

The chatbot is designed to provide relevant and contextual responses to customer queries and even helps make transactions on the chat window itself. from Banking/Finance-Industry-The Economic Times https://ift.tt/2kSQv...

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PSBs recap plan insufficient to support credit growth: Moody’s

Global ratings agency Moody’s today said the government’s recapitalisation plan for 21 state-run banks will help them in meeting regulatory capital from Business Line - Money & Banking https://ift.tt/2Jm4J...

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Banks hike lending rates

Within a day of RBI hiking the key lending rate, banks have started raising interest rates which will increase EMIs for auto, home and business loan from Business Line - Money & Banking https://ift.tt/2HqUl...

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Indian Bank and Karur Vsya Bank hike lending rates

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2M3l1...

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Indian banks turn to blockchain technology to speed up approving new loans

Abhijit Singh, head of technology at ICICI Bank Ltd said that from the banks’ point of view, "business will increase and transactions will happen in scale” once blockchain is adopted. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2kUCl...

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PSU banks becoming headless just when they need firm leadership

India’s PSU banks are becoming increasingly rudderless with four of the country’s 21 state banks yet to appoint replacements for departed CEOs, while another has seen its CEO stripped of her powers due to fraud charges. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M6Fc...

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World Bank earmarks India as fastest growing emerging economy with 7.3% growth

The World Bank has forecast a growth rate of 7.3% for India this year and 7.5% for the next two years, making it the fastest growing country among major emerging economies. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Horp...

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RBI to take over J&K Bank audit from CAG

The Reserve Bank of India has informed the Comptroller and Auditor General of India that henceforth the central bank alone will audit the Jammu and Ka from Business Line - Money & Banking https://ift.tt/2JArx...

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Growth, inflation outlook prompts 25-bps repo rate hike, first in 4 years

MPC keeps policy stance neutral, retains FY19 GDP growth at 7.4%; Goyal sees an ‘upswing’ from Business Line - Money & Banking https://ift.tt/2sHiv...

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Bourses approve merger of IndusInd Bank, Bharat Financial

Private sector lender IndusInd Bank has received a ‘No-Objection’ from the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) from Business Line - Money & Banking https://ift.tt/2JxQN...

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Top bankers welcome move

Our BureauAfter nearly four years, the Reserve Bank of India on Wednesday ended its interest rate easing cycle. The interest rate setting Monetary Po from Business Line - Money & Banking https://ift.tt/2Lu2p...

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Rate hike will delay housing sector revival: Experts

The repo rate hike of 0.25 per cent will crush the green shoots of recovery in the housing sector. Just when real estate prices had stabilised and cu from Business Line - Money & Banking https://ift.tt/2HlSK...

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How rupee, fund outflows twisted the RBI’s arm to hike repo rate

Turbulence in currency, bond markets force the RBI to hike rates by 25bps from Business Line - Money & Banking https://ift.tt/2LsJN...

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Margin requirement for rated SDLs to be 1% lower: RBI

Our Bureau The Reserve Bank of India has decided to revise the collateral requirement for short-duration loans, and also plans to lower the margin re from Business Line - Money & Banking https://ift.tt/2Hq2a...

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RBI initiates work onpublic credit registry

To help strengthen the credit culture in the economy from Business Line - Money & Banking https://ift.tt/2sCXo...

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MSMEs get a breather for repayment of loans

Get relaxation of 180 days without being classified as ‘non-performing’ from Business Line - Money & Banking https://ift.tt/2sLlA...

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What the rate hike means for investors

K VenkatasubramanianThe relative calm with which the 25 basis points rate hike by the RBI was digested by the markets suggests that the increase wa from Business Line - Money & Banking https://ift.tt/2kQpT...

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Urban cooperative banks soon to get a tag of Small Finance Bank

The Reserve Bank will soon come out with a scheme for conversion of urban cooperative banks (UCBs) into small finance banks, Deputy Governor N S Vishw from Business Line - Money & Banking https://ift.tt/2sKHC...

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Canara Bank fined in UK for anti-money laundering breaches

The regulator noted that Canara Bank had made significant investments in improving systems and oversight, increased training and brought in external consultants. from Banking/Finance-Industry-The Economic Times https://ift.tt/2sBhB...

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You can bank on WhatsApp! Soon, get banking services on messaging app – check all you can do

Private lender Kotak Mahindra Bank has announced that it will launch its banking services on the messaging app on a pilot basis. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JicM...

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UK regulator slaps Rs 8 cr fine on London branch of Canara Bank

The UK financial sector regulator FCA today imposed a fine of 896,100 pounds (about Rs 8 crore) on the London branch of Canara Bank and also stopped from Business Line - Money & Banking https://ift.tt/2HqtM...

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RBI announces hike in limits for cheaper loan for affordable housing

Reserve Bank of India said that it has been decided to revise the housing loan limits for PSL eligibility from Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres. The overall cost of the dwelling unit in the metropolitan centre and at other centres does not exceed Rs 45 lakh and Rs 30 lakh, respectively. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Ltd1...

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Co-operative banks could become small finance lenders

The Committee on Urban Cooperative Banks had recommended the voluntary conversion of large Multi -State UCBs into Joint Stock Companies and other UCBs into Small Finance Banks. from Banking/Finance-Industry-The Economic Times https://ift.tt/2M1Yd...

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Highlights of RBI monetary policy

Here are the highlights of the RBI’s Monetary Policy Committee ( MPC) second bi-monthly statement for fiscal 2018-19: * RBI hikes key lending rate ( from Business Line - Money & Banking https://ift.tt/2sK9Y...

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Repo rate hike on expected lines: Karnataka Bank chief

The Managing Director and Chief Executive Officer of Karnataka Bank Ltd, Mahabaleshwara MS, has said that the repo rate increase of 25 basis points i from Business Line - Money & Banking https://ift.tt/2M5LY...

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Monetary Policy: RBI raises repo rate by 25 bps

The RBI’s Monetary Policy Committee (MPC) raised its key policy rate, the repo rate by 25 bps to 6.25 per cent, in its second bi-monthly meeting of th from Business Line - Money & Banking https://ift.tt/2sIIN...

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RBI okays IDFC Bank merger with Capital First

IDFC Bank has received RBI approval for the merger of Capital First, Capital First Home Finance and Capital First Securities with the company.“The R from Business Line - Money & Banking https://ift.tt/2sKpc...

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Corporation Bank bags award

 Corporation Bank has bagged an award instituted by Investor Relations Society India. A press release said here that the bank was chosen for ‘Investor from Business Line - Money & Banking https://ift.tt/2kTEv...

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Bank loans worth ₹5-lakh cr turned into NPAs in FY18: Crisil

But rating agency expects moderation in slippages, better recoveries from NPAs from Business Line - Money & Banking https://ift.tt/2LoRZ...

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Banks’ gross NPA increased to whopping Rs 10.3 lakh crore in FY18, says CRISIL

In FY18, GNPAs increased to around Rs 10.3 lakh crore, or 11.2 per cent of advances compared with Rs 8 lakh crore, or 9.5 per cent of advances, as on March 31, 2017. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2sHnj...

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Bandhan Bank appoints former RBI deputy governor H R Khan as chairman

The board of directors of the bank at its meeting held today appointed Harun Rasid Khan as the non-executive, part time chairman of the bank, Bandhan Bank said in a filing to BSE. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Hn7A...

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‘YES Bank doesn’t have scary NPAs like other lenders’

Bank to stay focussed on expansion of branches, digital initiatives: Pralay Mondal from Business Line - Money & Banking https://ift.tt/2sJn6...

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Bank of Baroda revises MCLR by 5 basis points

Our BureauBank of Baroda on Tuesday said it will up its marginal cost of funds-based lending rates (MCLR) across tenors by five basis points with eff from Business Line - Money & Banking https://ift.tt/2Jebq...

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To expand, Tata AIA to stick to multi-channel approach

Video PSC helps the company prevent mis-selling from Business Line - Money & Banking https://ift.tt/2sH00...

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Protectionism on the decline in Asia, says HSBC head

Bank working on blockchain technology for trade finance from Business Line - Money & Banking https://ift.tt/2Jbh8...

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Yes Bank launches deposit scheme

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Lm0l...

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Yes Bank launches deposit scheme with an eye to raise Rs 1,000 crore

Deposit accounts under the 'Green Future:Deposit' scheme can be opened for a little over 18 months, with peak interest rate of 7.50 percent per annum. from Banking/Finance-Industry-The Economic Times https://ift.tt/2xT4d...

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Rs 5 lakh crore of bank loans deteriorated into NPAs in fiscal 2018: Crisil

As much as Rs 5 lakh crore of bank loans deteriorated into non-performing assets (NPAs) in fiscal 2018, taking the total slippages in the past three from Business Line - Money & Banking https://ift.tt/2JhGo...

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Bharat Financial gets nod from bourses for merger with IndusInd Bank

Micro-lender Bharat Financial Inclusion Ltd (BFIL) today said it has received a no-objection nod from stock exchanges for its merger with private se from Business Line - Money & Banking https://ift.tt/2LmV1...

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MoneyOnMobile launches Bharat Bill Payment

Mobile payment network MoneyOnMobile has launched Bharat Bill Payment, a Reserve Bank of India payment service, through the MoneyOnMobile (MoM) retail from Business Line - Money & Banking https://ift.tt/2Lonh...

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In a first, firm liquidated as a going concern

The NCLT for the first time had directed that a liquidator be appointed in place of an existing RP in the case of a firm which has no feasible resolution plan. from Banking/Finance-Industry-The Economic Times https://ift.tt/2HkQl...

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Newgen to launch analytics solution to redress plaints of bank customers

Plans to include regional languages from Business Line - Money & Banking https://ift.tt/2JbAf...

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A man who nurses banks back to health

Our BureauAfter a gap of nearly a year, the Reserve Bank of India’s top deck is complete, following the appointment of IDBI Bank MD & CEO Mahesh from Business Line - Money & Banking https://ift.tt/2J62D...

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Fitch cuts PNB’s viability rating to ‘b’ from ‘bb-‘ after Nirav Modi’s Rs 14,000 crore fraud

Fitch Ratings today downgraded viability rating of fraud-hit Punjab National Bank, citing significant deterioration in its credit profile and oversight gaps. The viability rating (VR) has been downgraded to 'b' from 'bb-' and maintained on 'rating watch negative' (RWN). from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jfon...

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Rupee strengthens amid volatility

Market keenly awaiting monetary policy outcome this week from Business Line - Money & Banking https://ift.tt/2svHW...

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After posting record losses, is there a glimmer of hope for PSBs?

NS VageeshIt’s a sea of red with some islands of black. That, in a nutshell, captures the performance of public sector banks in the fourth quarter of from Business Line - Money & Banking https://ift.tt/2sGB2...

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MK Jain appointed RBI Deputy Governor

To hold office for three years from Business Line - Money & Banking https://ift.tt/2kOXS...

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CARE Ratings expects RBI to hold the repo

But sees a hike of 25 basis points by December-end from Business Line - Money & Banking https://ift.tt/2kNnx...

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ICICI Bank probe may be over in three months

Board to appoint head of enquiry committee soon from Business Line - Money & Banking https://ift.tt/2sGx6...

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Parliamentary panel asks banks to come up with roadmap on NPAs

Members of the Parliamentary Standing Committee on Finance on Monday asked banks to come out with a roadmap to deal with non-performing assets (NPA) and suggested their redefining and classification of the bad loans. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Lkwg...

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Parliament panel asks bankers to prepare road map to deal with NPAs

Parliamentarians today asked bankers to prepare a road map to deal with mounting bad loans in the system, which touched ₹8.31 lakh crore at end-Dece from Business Line - Money & Banking https://ift.tt/2JrE3...

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Data points to RBI taking a hawkish stance this week

The RBI's Monetary Policy Committee (MPC) meeting to decide on its second policy review of the fiscal got underway here on Monday to enable deliberations on interest rates the first time over a longer period of three days in the backdrop of surging global oil prices and higher domestic inflation. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2JtsG...

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Societe Generale’s merger with UniCredit: A deal 15 years in making, will it go through this time?

UniCredit’s CEO Jean-Pierre Mustier has been pioneering the idea for several months, while Societe Generale directors too were said to have been studying the possibility of the collaboration. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LXox...

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Govt planning another SBI-like mega bank merger: Report

The govt is repotedly planning to merge four state-run banks who had reported a combined loss of Rs 21,646.38 crore in the year ended 31 March. from Banking/Finance-Industry-The Economic Times https://ift.tt/2LlYW...

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Bank stocks down markets as Sensex sees 500-point swing

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JwQa...

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Govt appoints IDBI Bank MD M. K. Jain as RBI Deputy Governor

The government today appointed IDBI Bank Managing Director M K Jain as Deputy Governor of RBI in place of S. S. Mundra, who completed his three-year from Business Line - Money & Banking https://ift.tt/2J72e...

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Cryto-currency exchange, Unocoin, launches platform for live order-book trading of altcoins

Mumbai, June 4Crypto-currency exchange, Unocoin, has launched UNODAX, another platform for live order-book trading of various other altcoins. UNODAX from Business Line - Money & Banking https://ift.tt/2Himv...

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For RBI, it’s a choice between a rate hike now and August

Falling rupee, raising oil prices and a threat of inflation looms large from Business Line - Money & Banking https://ift.tt/2JaCe...

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All-seeing hi-tech eye to guard SBI ATMs

Bank plans futuristic e-surveillance system to prevent break-ins from Business Line - Money & Banking https://ift.tt/2ss0V...

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PNB scam: Records on Nirav Modi case not destroyed in fire, shifted out on time, says CBDT

Brushing aside the apprehensions, the government said that the records related to the probe into the multi-crore Punjab National Bank (PNB) scam involving diamond jewellers Nirav Modi and Mehul Choksi were safe and not destroyed in the fire. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LVYH...

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As economy reels under rising NPAs, banking frauds, bank officials to brief parliamentary panel today

In wake of mounting bad loans and banking frauds, top officials of both public and private banks will brief a parliamentary panel on Monday. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LXul...

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PM Narendra Modi asks all ministries, states to boost BHIM app use

This comes in the wake of the fall in share of BHIM among payment platforms based on the UPI to 6.3% transactions in April from 9.5% in 2017-18, according to data on the website of the NPCI. from Banking/Finance-Industry-The Economic Times https://ift.tt/2Jof6...

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A warranted rate hike may seem harsh, but Reserve Bank can take some of the sting away

The Monetary Policy Committee may have a key role in determining the cost of credit. But when it comes to availability, the ball is in the bank’s court. from Banking/Finance-Industry-The Economic Times https://ift.tt/2HdGI...

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Free banking services will not attract GST

But late credit card and EMI payment to be taxed from Business Line - Money & Banking https://ift.tt/2Jg7c...

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RBI panel likely to keep key rates on hold

Rising inflation, high oil prices will weigh as MPC meet begins today from Business Line - Money & Banking https://ift.tt/2stwI...

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RBI policy to set the course of market movement

Despite volatile global markets on account of Italy's political crisis and fresh fears of a global trade war, the Indian equity market jumped last we from Business Line - Money & Banking https://ift.tt/2JaWV...

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State Bank of India to modify rules for startup investments

Country's largest lender SBI, which has not been able to invest in fintech startups despite earmarking funds, is now looking to modify rules to kickstart the infusion, a top official has said. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Jnty...

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73,000 deregistered cos deposited Rs 24,000 crore post demonetisation: Govt data

Data compiled by the ministry showed that out of the 2.26 lakh deregistered companies, the bank details of 1.68 lakh of them showed that post demonetisation cash was deposited in these accounts. "Out of this, 73,000 companies deposited Rs 24,000 crore. Details of companies from various banks is under process," the ministry said in a document. from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JpBi...

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Top jobs in PSU banks: Interviews for MDs, EDs from June 13; know details

Newly constituted Banks Board Bureau, headed by former DoPT Secretary B P Sharma, will undertake its first major assignment of shortlisting candidates for about 30 top level vacancies in the public sector banks beginning June 13. from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2sBw8...

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Whistleblower wants govt to probe fresh allegations against ICICI CEO

Arvind Gupta alleges nexus between the bank, Essar and Matix from Business Line - Money & Banking https://ift.tt/2kISy...

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Banks Board Bureau to hold interviews for MDs and EDs of PSU banks from Jun 13

For a dozen MD level vacancies, there are 20 eligible candidates while for the 18 executive director posts there are 47 in the fray, sources said. from Banking/Finance-Industry-The Economic Times https://ift.tt/2J52H...

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