India Post Payments Bank to offer doorstep banking: Rajnath Singh

Union Home Minister Rajnath Singh Saturday launched the payments bank of Indian postal department here, noting that it will take banking services to doorstep of every citizen through the network of post offices.

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India Post Payments Bank: IPPB Bengal Circle launches with 27 branches, 135 touch points

The India Post Payments Bank (IPPB), a lifeline for the ailing postal department, was unveiled Saturday in West Bengal, Sikkim and Andaman & Nicobar Islands (Bengal Circle) with 27 branches and 135 touch points in the post offices.

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Sify powers India Post Payments Bank as network integrator

Sify Technologies Saturday said it has worked as the network integrator and network service provider for the Department of Posts, helping the latter in the roll out of payments bank services at 650 branches and 3,250 access points.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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SBI Carnival 2018: Home & Auto Expo gets underway at Hitex

    SBI Carnival 2018, a Home and Car Expo, SBI, got underway here today at Hitex.Rajeshwar Tiwari, Special Chief Secretary, Revenue and Chairman, RER

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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PM Modi launches India Post Payments Bank: Things to know

IPPB (India Post Payments Bank) will focus on providing banking and financial services to people in rural areas, by linking all the 1.55 lakh post office branches (that’s nearly 2.5 times the bank network) with India Post Payments Bank services by the end of 2018. Around 11,000 postmen both in rural and urban areas will provide doorstep banking services.

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PM Narendra Modi launches India Post Payments Bank; all you need to know

Prime Minister Narendra Modi on Saturday launched the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi.

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RBI may go for one more frontloaded rate hike: SBI report

This will lead to sub-7.5 per cent growth for FY19 despite more than 8 per cent growth in Q1

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SBI hikes benchmark lending rate by 0.2%

Home, auto and other loans would become costlier as the country’s largest lender, State Bank of India, has increased its benchmark lending rate or MC

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The mother of all banks is coming today: 10 things to know

IPPB is a public sector company under the Department of Posts and the Ministry of Communication.

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Punjab National Bank plans to offload 0.1% NSE stake

Troubled PSU lender Punjab National Bank has invited bids for the 5.5 lakh shares of NSE that it holds, translating into a 0.11 per cent stake. PNB has set a price band of Rs 879 per share for the stake sale.

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Government eases Aadhaar update, enrolment targets for banks

Under a July 2017 government notification, lenders were mandated to set up Aadhaar enrolment and update facilities inside bank premises at a minimum of one out of every 10 branches by August 30, 2017.

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SBI hikes benchmark lending rate by 0.2%

State Bank of India (SBI) has increased the lending rate by 20 basis points across all tenors up to three years. Now SBI's overnight and one-month tenors' Marginal Cost of Funds Based Lending Rate (MCLR) stands at 8.1 per cent as against 7.9 per cent, as per the SBI's website.

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IPPB: India’s biggest bank in the making

India Post Payments Bank (IPPB) will focus on providing banking and financial services to people in rural areas, by linking all the 1.55 lakh post office branches (that’s nearly 2.5 times the bank network) with IPPB services by the end of 2018. Around 11,000 postmen both in rural and urban areas will provide doorstep banking services.

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

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Banks serving summons to defaulters through WhatsApp, emails

The post can get unduly delayed and addresses keep changing but phone numbers, WhatsApp IDs and email addresses are more constant, making digital notices less easy to dodge.

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PVnh5h

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PVnh5h

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

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Rupee Cooperative Bank gets extension till November 30

The Rupee Cooperative Bank has been granted further extension till November 30, 2018 by the Reserve Bank of India (RBI).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PVnh5h

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

Read more »

RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

Read more »

RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

Read more »

RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

Read more »

RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

Read more »

RBI cancels the licence of Bhilwara Mahila Urban Co-operative Bank

The RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank as it does not have adequate capital and earning prospects.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MEaCps

Read more »

RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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India Post Payments Bank in talks for real-time digital payments

Amazon, BigBazaar, Ola & Uber targeted

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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LIC settles claims of Telangana farmers in less than 72 hours

LIC has so far settled 300 claims under the mega farmer insurance scheme, Rythu Bandhu.Under the scheme, LIC provides a life cover of ₹5 lakh for 27.9

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RBI ban: Fino Payments Bank eyes new streams to make up for revenue loss

After being barred from opening new accounts by the RBI, Fino Payments Bank is looking at alternative streams to make up for revenue loss and also fears a delay in a planned capital raising exercise, a top official said today.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wxMvP4

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UIDAI breather for banks: Aadhaar enrolment targets relaxed

In a breather to banks, the UIDAI today extended till November 1 the deadline for banks to do minimum Aadhaar enrolments and updations in identified branches, according to a communication sent to banks.

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IDBI Bank-LIC merger: PSU bank approves preference shares issuance to insurer

IDBI Bank on Friday approved proposal for seeking shareholders’ nod for preferential issue of nearly 15 percent equity capital to LIC.

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Chanda Kochhar gets majority votes to be reappointed on board of ICICI Securities

Shareholders of ICICI Securities have voted in favour of reappointing as the company's Chairperson, as per a regulatory filing.

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After Nirav Modi case, vigilance commission has this idea for banks, insurance firms to check fraud

The CVC had in May this year asked banks and insurance companies to effect rotational transfers in respect of those officers in sensitive posts who are continuing beyond three years.

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NPA-hit banks may halt financing infra projects

But thanks to NHAI, lenders remain optimistic about advances to the road sector

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PNB chief elected IBA Chairman

Our BureauSunil Mehta, Managing Director and CEO, Punjab National Bank, was elected as the Chairman of Indian Banks’ Association (IBA) for the year

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How the funds obtained from fraudulent LoUs were used

Money routed through shadow entities was used to purchase a $6-million apartment on Central Park South for the sole use of Modi and his family in the US, finds examiner report

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Capital First shareholders to meet on Oct 4 to approve merger with IDFC

Merged entity likely to start operations in fourth quarter

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Insurance cover for mental illness is still a grey area

Besides confusion about applying what the regulator mandates, there is lack of sensitivity about giving holistic care

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‘We act as enablers of responsive and futuristic governance’

Thomas AbrahamBengaluru, August 31Newgen Software Technologies, a software products maker, boasts of not having any failed installation since its inc

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PNB plans to sell entire NSE stake for over Rs 48 crore

Punjab National Bank (PNB) is looking to sell its entire holding of 0.11 per cent in the National Stock Exchange (NSE) and expecting to raise over R

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LIC to enter 63rd year of operations tomorrow

From 168 offices in 1956, it today has over 4,826 offices, 1.11 lakh employees, 11.48 lakh agents and 29 crore plus policies in force.

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Banks will have to 'abort' lending to infra projects, especially power sector: SBI

Following the end of the RBI deadline on August 27, as many as 30 power projects with a cumulative exposure of Rs 1.7 trillion are now facing bankruptcy proceedings.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LIadNy

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UIDAI relaxes minimum Aadhaar enrolment targets, related deadlines for banks

In a breather to banks, the UIDAI today extended till November 1 the deadline for banks to do minimum Aadhaar enrolments and updations in identified

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PM to launch India Post Payments Bank on Sept 1

The event is scheduled to be held at Talkatora Stadium in New Delhi, along with simultaneous launch events at 650 branches and 3,250 access points that will go live tomorrow, an official statement said.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Potzti

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IDBI Bank approves issuance of preference shares to LIC

IDBI Bank today approved LIC’s proposal to pick up an additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51

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PM to launch India Post Payments Bank tomorrow

Prime Minister Narendra Modi will tomorrow launch the India Post Payments Bank (IPPB) that seeks to leverage the expansive network of the postal dep

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Rotate employees in sensitive posts: CVC directs banks, insurance companies

The CVC had in May this year asked banks and insurance companies to effect rotational transfers in respect of those officers in sensitive posts who are continuing beyond three years.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2N4gZlr

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Bank branches to function normally next week; no need for panic, says Finance Ministry

Dismissing rumours, the government today said bank branches would remain open next week and there was no need for panic. A rumour is circulating in s

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CVC directs banks, insurance companies to rotate employees in sensitive posts

Probity watchdog CVC has directed all banks, insurance companies and central government departments to rotate employees working in sensitive posts t

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Yes Bank shares nosedive 7% after RBI defers three-year term extension for Rana Kapoor as CEO

Yes Bank shareholders had voted in June to approve a three-year extension for the CEO, whose current term was set to end August 31. Kapoor, the richest banker in India after Uday Kotak, has helmed the bank since its inception in 2004.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PN5T2N

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Are banks really closed for 6 days in September? No, but here’s what you must know

A message currently going viral on social media claims the banks will remain closed for six days during the coming week is creating confusion among the customers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MDamqE

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Yes Bank shares nosedive 7% after RBI defers three-year term extension for Rana Kapoor as CEO

Yes Bank shareholders had voted in June to approve a three-year extension for the CEO, whose current term was set to end August 31. Kapoor, the richest banker in India after Uday Kotak, has helmed the bank since its inception in 2004.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PN5T2N

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Are banks really closed for 6 days in September? No, but here’s what you must know

A message currently going viral on social media claims the banks will remain closed for six days during the coming week is creating confusion among the customers.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2MDamqE

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Banks to remain open in September first week: Finance Ministry

The Ministry said banks will remain open during the week, observing holidays only on Sunday, September 2, and second Saturday, September 8.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2wqZH8s

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'Kerala floods may rank next only to 2015 Chennai event in terms of claims’

Public sector general insurance companies expect that the recent Kerala floods would run up a close second to the 2015 Chennai event in terms of the

from Business Line - Money & Banking https://ift.tt/2MHqXtt

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YES Bank gets RBI nod for re-appointment of Rana Kapoor as MD & CEO

Against board recommendation of three-year term, the central bank’s approval states ‘until further notice’

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IPPB to start operations with 650 branches

IPPB will offer savings and current accounts with a maximum permitted balance of Rs 1 lakh.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MCSmN6

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Government expects India post payments bank to be profitable after 2 years: Communications minister Manoj Sinha

With smartphone and biometrics, we can open accounts within a minute, which is in line with the PM’s aim to make India a cashless Digital economy, says Sinha

from Banking/Finance-Industry-The Economic Times https://ift.tt/2N2ckjT

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UIDAI cracks down on banks missing targets

The authority suspended electronic customer verification services for 13 banks and Aadhaar authentication agencies (AUA) last week after it found them performing dismally on their targets.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2NzhGAf

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RBI to finalise banks' interchange fee for Aadhaar based payments

The National Payments Corporation of India (NPCI) had proposed the interchange fee at 1% of the transaction amount subjected to a maximum of Rs 12 while no fee for transactions up to Rs 100.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2NzB1kH

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PSBs lose prominence in Nifty50 over last 22 years

Public sector banks that became a part of the Nifty50 during the rebalancing process include Bank of India, Punjab National Bank and Bank of Baroda.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pn0fmH

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Yes Bank gets RBI’s nod for continuance of Rana Kapoor as MD & CEO

Private sector lender Yes Bank today said it has received RBI's approval for continuance of Rana Kapoor as MD and CEO of the bank till further notice from the central bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oq7mj2

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HDFC offers home improvement loans for Kerala flood victims

HDFC today said it will provide home improvement loans with zero processing fee and at lower rate of interest for rebuilding properties ravaged by floods in Kerala.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Pn076H

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PSBs lose prominence in Nifty50 over last 22 years

Public sector banks that became a part of the Nifty50 during the rebalancing process include Bank of India, Punjab National Bank and Bank of Baroda.

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Yes Bank gets RBI’s nod for continuance of Rana Kapoor as MD & CEO

Private sector lender Yes Bank today said it has received RBI's approval for continuance of Rana Kapoor as MD and CEO of the bank till further notice from the central bank.

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HDFC offers home improvement loans for Kerala flood victims

HDFC today said it will provide home improvement loans with zero processing fee and at lower rate of interest for rebuilding properties ravaged by floods in Kerala.

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How Nirav’s US entities laundered funds from PNB via shadow entities

These entities were mostly located in SEZs to enjoy trade incentives

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Formalisation of economy a sign of DeMo success, says Jaitley

More money in the system, higher tax revenue are a positive impact: Finance Minister

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Irdai makes long-term 3rd-party insurance must; car, bike purchase to cost more from Sep 1

The three-year third-party insurance will cost Rs 5,286 for cars with engine capacity of less than 1,000 cc, Rs 9,534 (1,000 - 1,500 cc) and Rs 24,305 for cars with engine capacity of 1,500 cc and more.

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Postmen to get incentives fordoorstep banking services

With Department of Posts’ feet-on-street bankers, India Post Payments Bank will be able to open more accounts across the country

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RBI staff to protest over Centre’s ‘rigid stand’ on pension updation

To go on mass leave on Sept 4, 5

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HDFC Bank plans to adopt 30 villages in flood-hit Kerala

Our Bureau HDFC Bank has announced that it will adopt 30 villages in flood-hit Kerala as part of its long-term relief and rehabilitation efforts. Thi

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Did India fail to cash in on digital payments after note ban?

Level of cash in circulation back to pre-demonetisation levels, finds USAID-Intellecap study

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PFS Q1 net falls to₹56 cr as NPAs rise

Our BureauPTC India Financial Services (PFS) has reported a ₹55.93 crore profit after tax (PAT) for the first quarter of 2018-2019. This is 22.75 pe

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HDFC offers home improvement loans for Kerala flood victims

Home improvement loans are for properties located in Kerala, even if the customer is stationed somewhere else, and will be valid only for loan applications submitted till October 31.

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Banks to remain open in first week of September

The WhatsApp message on bank holidays, which went viral, claimed that banks would remain closed from September 2 to 5 and then from September 8 to 9 for the weekend, a total of six days in the first week of September.

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View: By a 99.3% verdict, India's cash ban was a farce

A damning verdict on demonetization hasn’t been Patel’s only assertion of independence this week.

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The 3-carat yellow orange diamond behind PNB fraud

The price of the large yellow diamond alternately shrank and spiked by about a million dollars as it moved across the globe. The three-carat gem was shipped at least four times between shadowy companies allegedly controlled by Indian billionaire Nirav Modi over about five weeks in 2011, according to a report by a US bankruptcy examiner.

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RBI Annual Report: Nearly all junked notes returned

Junked Rs 500 and Rs 1,000 notes worth Rs 15.31 lakh crore, out of Rs 15.41 lakh crore in circulation as of November 8, 2016, when the government announced that these notes were no longer valid, found their way back to banks.

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Your Rs 100 note is more likely to be counterfeit

The central bank detected 36.1 per cent of the total 522,783 fake notes last fiscal — a nine-fold increase from 4.3 per cent in 2016-17, the yearly report revealed. This data came to light primarily on the back of processing of notes withdrawn from circulation after demonetisation.

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From Sept 1, new vehicles to get long-term third party motor insurance

General insurers will provide long-term third-party motor insurance covers for new cars and two-wheelers from September 1.The Insurance Regulatory a

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RBI Annual Report: Nearly all junked notes returned

Junked Rs 500 and Rs 1,000 notes worth Rs 15.31 lakh crore, out of Rs 15.41 lakh crore in circulation as of November 8, 2016, when the government announced that these notes were no longer valid, found their way back to banks.

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Frauds at PSBs more than those at private banks

According to the annual report of the RBI for the financial year 2017-18, public sector banks (PSBs) accounted for 92.9% of the amount involved in frauds of more than Rs 1 lakh, while the private sector banks accounted for 6%.

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Nomura pegs total stressed assets at Rs 16.30 lakh crore

Nomura says the provisioning and haircuts on the additional accounts to be referred to the National Company Law Tribunal could be large. Some of the power sector assets could see haircuts higher than 75%.

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Kotak Mahindra Bank launches UPI 2.0 Hackathon

The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students.

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Government to RBI: Identify public sector banks for mergers

Government-controlled banks are estimated to hold 90 per cent of non-performing loans, and 11 of the 21 are operating under an emergency programme, supervised by the RBI, which restricts new lending.

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Sashidhar Jagdishan likely to be executive director of HDFC Bank

Jagdishan, who has been with the bank since 1996, is responsible for finance, business strategy, general & personnel, administration, investor relations and strategic initiatives.

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Kotak Mahindra Bank launches UPI 2.0 Hackathon

The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students.

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FedEx'd diamonds fueled India's biggest bank fraud, report says

The three-carat gem was shipped at least four times between shadowy cos allegedly controlled by Nirav Modi.

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Kotak Mahindra Bank launches UPI 2.0 Hackathon

The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students.

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Dollar demand, trade deficit drag ₹ down

Closes at all-time low of 70.57 to the dollar

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Frauds at PSBs more than those at private banks

According to the annual report of the RBI for the financial year 2017-18, public sector banks (PSBs) accounted for 92.9% of the amount involved in frauds of more than Rs 1 lakh, while the private sector banks accounted for 6%.

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Nomura pegs total stressed assets at Rs 16.30 lakh crore

Nomura says the provisioning and haircuts on the additional accounts to be referred to the National Company Law Tribunal could be large. Some of the power sector assets could see haircuts higher than 75%.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2omt2fM

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Kotak Mahindra Bank launches UPI 2.0 Hackathon

The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LDZFz0

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Frauds at PSBs more than those at private banks

According to the annual report of the RBI for the financial year 2017-18, public sector banks (PSBs) accounted for 92.9% of the amount involved in frauds of more than Rs 1 lakh, while the private sector banks accounted for 6%.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wvjbYM

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Nomura pegs total stressed assets at Rs 16.30 lakh crore

Nomura says the provisioning and haircuts on the additional accounts to be referred to the National Company Law Tribunal could be large. Some of the power sector assets could see haircuts higher than 75%.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2omt2fM

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Kotak Mahindra Bank launches UPI 2.0 Hackathon

The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LDZFz0

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99.3% of banned notes back, govt says demonetisation met most objectives

The RBI, in its annual report released on Wednesday, said that it has successfully completed the “humungous task of processing and verification of specified bank notes”. It also said an amount of Rs 10,720 crore, representing the value of notes which has not been paid as on June 30, 2018, has been removed from the balance of “notes issued” and transferred to “other liabilities and provisions”.

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99.3% of banned notes back, govt says demonetisation met most objective

The RBI, in its annual report released on Wednesday, said that it has successfully completed the “humungous task of processing and verification of specified bank notes”. It also said an amount of Rs 10,720 crore, representing the value of notes which has not been paid as on June 30, 2018, has been removed from the balance of “notes issued” and transferred to “other liabilities and provisions”.

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Kotak Mahindra Bank launches UPI 2.0 Hackathon

The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LDZFz0

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Kotak Mahindra Bank launches UPI 2.0 Hackathon

The Kotak UPI 2.0 Hackathon is designed to motivate participating start-ups, fintechs and students.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LDZFz0

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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LVB ties up with HDFC Ergo to offer general insurance products

Lakshmi Vilas Bank(LVB) announced its tie-up with HDFC Ergo general insurance company. The tie-up will enable HDFC ERGO to sell its general insurance

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Cabinet okays signing of MoU between IRDAI, US insurance regulator

Air services pact, trade cooperation framework also get Cabinet approval

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RBI’s surplus transfer to Centre up 63%

With the Budget 2018-19 pencilling in unchanged receipts from dividends, the central bank’s higher pay-out may boost non-tax revenues of the government

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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United Bank of India plans capital infusion of ₹1,500 cr

United Bank of India (UBI), which is already under prompt corrective action for poor asset quality, is planning a capital infusion of ₹1,500 crore thi

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ICICI Lombard General sweetens insurance deal for female motorists

Introduces ‘Women Assist’ service in 13 cities as “add-on” at no extra cost

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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To prevent default, lenders must be proactive in monitoring credit: RBI

Our BureauAs default in payment is only a lagging indicator of a borrower’s financial stress, lenders need to be proactive in credit monitoring to i

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Aditya Birla Capital forms JV with Varde Partners to invest in stressed assets

Aditya Birla Capital Limited (ABCL) has formed a joint venture with US-based global alternative investment adviser firm Värde Partners (Värde) to pur

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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Not only NPAs: RBI flags rise in bank frauds, too

Value involved in frauds jumpedto ₹41,000 crore in 2017-18

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Much DeMo about nothing: Close to 99.4% of scrapped notes returned to banks’ kitty

The cat is finally out of the bag vis-a-vis the scrapped banknotes that were turned in during the currency demonetisation in November 2016. Close to

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India Post Payments Bank to take off on Saturday; outlay raised to ₹1,435 cr

Government approves project outlay revision to the tune of ₹635 crore

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RBI fire-fights to protect capital flows

Lokeshwarri S KThe RBI, in its annual report, has highlighted that it has rationalised regulations to facilitate better cross-border flows in FY18. I

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With acceleration in economic activity, GDP seen touching 7.4% in FY19

Our BureauIncoming data related to monsoon, agricultural production and industry show favourable conditions for an acceleration of activity in the In

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‘Bail-in framework, a work-in-progress’

Our BureauThe Reserve Bank of India has sounded a note of caution in the use of bail-in as a tool for resolution of financial entities.“Research unde

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Call to improve bank governance

Our BureauWith major frauds being reported by banks in the recent past, including the ₹13,000-crore Letter of Undertaking fraud at Punjab National

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Apply varnish, RBI’s formula to increase life of banknotes

Proposes to introduce varnished banknotes on a field trial basis

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RBI enforces actionagainst 14 lenders

Imposes penalty of ₹102 cr in FY18

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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India Post Payments Bank to be launched in Telangana on September 1

The nationwide launch would take place in 650 branches and 3,250 access points on September 1. Prime Minister Narendra Modi would launch IPPB in Delhi.

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wtd5rX

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Kerala floods: HDFC Bank to adopt 30 villages, donate Rs 10 crore

HDFC Bank today said it is adopting 30 villages and donating Rs 10 crore for relief efforts in flood-hit Kerala.

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

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LIC Board to decide modalities for raising stake to 51% in IDBI Bank on Sep 4

The LIC board will meet on September 4 to decide on the modalities for increasing stake in debt-ridden IDBI Bank to 51 per cent, a move that will pr

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

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Fake Rs 50, Rs 100 notes' detection record high in 2017-18: RBI

However, the detection of counterfeit notes was 31.4 per cent lower in 2017-18 compared with the previous year.

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LARlju

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LARlju

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LARlju

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LARlju

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Govt inching closer to PSU banks merger; asks RBI to identify banks that can be merged

State-backed lenders need to consolidate to avoid losing more market share to peers in the private sector, the outgoing chairman of Bank of Baroda Ravi Venkatesan said last month.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LARlju

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Disclose what action taken against wilful defaulters over Rs 50 cr loans: CIC to Govt, RBI

Statement comes in the heels of a SC order

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Public sector banks were much easier to defraud than private sector ones: Here's why

According the central bank’s annual report, the number of cases on frauds reported by banks were generally hovering at around 4500 in the last 10 years before their increase to 5835 in 2017-18.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MzsjGC

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No end to NPA woes; banks to see rise in bad loans in FY’19, says RBI

Reserve Bank of India said today that banks will witness further deterioration in their non-performing assets (NPAs) or bad loans due to the “economi

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Huge jump in value, volume of bank frauds in 2017-18: RBI

Large value fraud committed in gems and jewellery sector cited as the reason for the quantum jump

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Lower interest outgo under reverse repo, fall in expenses boost RBI’s surplus transfer to Centre

With the Budget 2018-19 pencilling in unchanged receipts from dividends, the central bank’s higher pay-out may boost non-tax revenues of the government

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India Post Payments Bank to be launched on Saturday

Transfer of money will be done through biometric and QR code-based card

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RBI surplus transfer to govt rises 63.08% in FY18

The central bank transfers the surplus generated from its functions to the government at the end of each financial year, after accounting for any funds transferred to the contingency reserve or the asset development fund. It follows July-June financial year.

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PSBs reduce Rs 64,106-cr NPAs via recoveries in FY18: RTI

There are 21 public sector banks in the country. However, the apex bank did not not provide bank-wise details of the NPAs.

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India is said to ask RBI to identify banks that can be merged

India has asked its central bank to prepare a list of candidates for merger among 21 government-controlled lenders as it seeks to strengthen a banking system laden with bad debt.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2PdOYoQ

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99.40% of demonetised currency back in circulation: RBI

Close to 99.40 per cent of specified bank notes (SBNs) of Rs 500 and Rs 1,000 denominations, which were scrapped in the November-December 2016 period

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Bank body asks lenders to get cyber insurance

While the larger lenders have cyber insurance covers ranging from Rs 350 crore to Rs 500 crore, many of the smaller players have only the Banker’s Blanket Bond.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2PN6W2r

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Rupee hits new all-time low of 70.47 against US dollar

Wednesday's low was in sync with weakness in other Asian markets and also due to strong month-end dollar demand. The RBI likely sold dollars in small quantities, said officials at state-run banks. On Wednesday, Niti Aayog vice chairman Rajiv Kumar termed calls for a stronger rupee a "falsifiable belief".

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BZ2pYa

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Banking services may be hit as RBI staff, officers plan two-day protest leave

Banking services, including the clearing and payment system, could be badly affected on September 4 and 5 when Reserve Bank of India staff and officer

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Google ties up with Indian lenders in bid to woo new users

Alphabet Inc's Google said on Tuesday it is partnering with a handful of Indian banks to bring quick loans to the masses, as it aims to woo tens of millions of new internet users in the country to its digital payments services.

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

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Gold loan NBFCs may offer respite to Kerala borrowers

Firms are working on initiatives like offering a grace period to those who failed to pay up their EMIs during the floods.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MCNM1l

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Pay app: Google, banks team up for digital loans

In what appears to be a symbiotic relationship, Google’s India arm said on Tuesday it was teaming up with HDFC Bank, ICICI Bank, Federal Bank and Kotak Mahindra Bank to offer loans on its app Google Pay.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LCdpds

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Total losses of 21 PSBs in Q1 stand at Rs 16,615 crore

Aggregate losses for a clutch of 21 banks for the three months to June came in at Rs 16,614.52 crore, led by a massive loss of Rs 4,875 crore from State Bank of India (SBI) and Rs 940 crore from Punjab National Bank.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PN7SUH

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From defence to defiance: The evolution of Urjit Patel

When RBI put its rubber stamp on PM Modi’s demonetisation programme within a few weeks of Patel becoming the Governor, commentators declared him a puppet. Two years later and standing firm on rates to driving banks’ clean-up to criticising waivers, he has silenced critics.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2C5o6WC

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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LIC begins the acquisition process of IDBI Bank; to raise stake by 7%

IDBI Bank today said Life Insurance Corporation (LIC) will buy additional 7 per cent stake in the bank, a move that will eventually lead to acquisition of 51 per cent shareholding in the lender.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wkUEq8

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RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

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RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

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RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

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RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

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LIC-IDBI Bank deal hits legal hurdle

Delhi High Court seeks details of relaxation of investment norms

from Business Line - Money & Banking https://ift.tt/2MW3xQC

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Insurance cover indispensable to deal with natural calamities, says United India CMD

Insuring business and property is the best way to deal with the financial losses that arise out of natural calamities like the recent floods in Kerala

from Business Line - Money & Banking https://ift.tt/2oiJRIu

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RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

Read more »

RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

Read more »

RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

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YES Bank awaits RBI approval to reappoint Rana Kapoor as CEO

SurabhiWith less than a week to go, private sector lender YES Bank is still awaiting approval from the Reserve Bank of India for its proposal to reap

from Business Line - Money & Banking https://ift.tt/2wo9lso

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Xiaomi’s Mi Pay set for launch in India

Chinese firm awaiting RBI approval to start India operations

from Business Line - Money & Banking https://ift.tt/2BTN1MI

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Insurance cover indispensable to deal with natural calamities, says United India CMD

Our BureauInsuring business and property is the best way to deal with the financial losses that arise out of natural calamities like the recent flood

from Business Line - Money & Banking https://ift.tt/2wnD0lB

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LoU funds flowed through Nirav Modi’s American entities, reveals US examiner

Round-tripping of high-value diamonds created an appearance of millions of dollars of legitimate transactions, facilitating the movement of funds

from Business Line - Money & Banking https://ift.tt/2NupBii

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PSBs likely to see tough days ahead: ICRA

Losses seen surpassing the government’s capital infusion of ₹65,000 crore for FY2019

from Business Line - Money & Banking https://ift.tt/2oiZAXW

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RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

Read more »

RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

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Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

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Jet Airways gets $300m as lease incentives, debt from banks

The company got an additional equity of $300 million from lease incentives and bank borrowings, Jet Airways deputy chief executive officer and chief financial officer Amit Agarwal today said during an analysts call post June quarter earnings. Agarwal, however, did not give the breakup, but said, "A large proportion of it came from lease incentives."

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2PM7PbB

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RBI strike alert! This two-day mass casual leave may paralyse banking operations – What consumers need to know

The two-day mass casual leave by the United Forum of Reserve Bank Officers and Employees (UFRBOE) is likely to paralyse operations of the central bank and other major lenders across the country.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PeYBns

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Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

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Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

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RBI employees' 2-day mass leave to paralyse banking operations

"UFRBOE has called the mass casual leave on September 4 and 5 which will be participated by all officers, paralysing the central bank's functions for two days," UFRBOE member and All India Reserve Bank Employees Association General Secretary Samir Ghosh said.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MZuPW0

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Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

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Gross NPAs of banks may improve to 10% in March 2019: Report

70 big companies may be heading for resolution under the IBC: ICRA

from Business Line - Money & Banking https://ift.tt/2Pbe4ow

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Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

Read more »

Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

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New power sector NPAs: Government, banks have only one option

"The only wayout is to form a public sector ARC/AMC that manages banks' power non-performing assets either directly or by bidding at NCLT auctions," analysts at Bank of America Merrill Lynch said today.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MZfk0g

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Google Tez is now Google Pay

Google partners with banks to enable seamless loan disbursement

from Business Line - Money & Banking https://ift.tt/2N3oVDD

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Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

Read more »

Government seeks applications for post of MD of National Housing Bank after Sriram Kalyanaraman’s exit

The Finance Ministry has invited applications for the post of Managing Director at National Housing Bank following the exit of Sriram Kalyanaraman, against whom the government has ordered investigation.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oh0EM0

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RBI staff protest against centre’s ‘rigid stand’ on pension updation

Staff to go on a two-day mass leave on September 4 and 5

from Business Line - Money & Banking https://ift.tt/2Pb67zq

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Google teams with banks to launch digital lending for India

Google is teaming with HDFC Bank, ICICI, Kotak Mahindra and Federal Bank to offer instant, pre-approved loans to customers “right within Google Pay in a matter of seconds.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2wi6hhG

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Facebook and Google chase a new $1 trillion payments market

The payments market remains a chaotic field where the rules are hazy on what players can offer. And users often switch between apps.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2BVOnGN

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SBI clubs three other banks’ exposure to Bombay Rayon for sale

State Bank of India (SBI) has now decided to club other banks’ exposures to the account and run the auction as per the Swiss challenge method.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oeqAYF

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SBI plans to divest up to 4% in SBI General Insurance ahead of IPO

SBI General Insurance is a 74: 26 joint venture between the State Bank of India and Insurance Australia Group (IAG).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BPDVk3

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Growth indicators show Indian economy's animal spirits very much alive

Demand for bank loans remained solid going into the July quarter despite rising interest rates, and so was the case with services and manufactured goods, a cross-section of forward-looking indicators show ahead of government data on economic growth due on August 31.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2wlIu0b

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SBI clubs three other banks’ exposure to Bombay Rayon for sale

State Bank of India (SBI) has now decided to club other banks’ exposures to the account and run the auction as per the Swiss challenge method.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oeqAYF

Read more »

SBI plans to divest up to 4% in SBI General Insurance ahead of IPO

SBI General Insurance is a 74: 26 joint venture between the State Bank of India and Insurance Australia Group (IAG).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BPDVk3

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Berkshire’s India deal is so wrong it’s right

Though the Paytm investment doesn’t conform to Warren Buffett’s value-investing playbook, letting next-gen leaders to take the call is the way forward

from Business Line - Money & Banking https://ift.tt/2MTn9od

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Berkshire Hathway looks to buy stake in Paytm

Berkshire Hathaway Inc is looking to invest Rs 2,500 crore ($356 million) in the Indian company behind digital payments firm Paytm, according to a s

from Business Line - Money & Banking https://ift.tt/2MXiEsX

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Asia's richest banker may acquire rivals after RBI's rebuff

An acquisition is also part of the Kotak playbook. In 2014, the bank purchased ING Vysya Bank Ltd. in a deal valued at $2.4 billion via a share swap.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2of1Uzd

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Need to expedite recovery process of loan defaults, says Arun Jaitley

India still remained a strong growth economy despite many complaints, but the external factors such as political crisis in Turkey or a sudden jump in crude oil prices affect the economy, he said.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2MXzHv0

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SBI clubs three other banks’ exposure to Bombay Rayon for sale

State Bank of India (SBI) has now decided to club other banks’ exposures to the account and run the auction as per the Swiss challenge method.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oeqAYF

Read more »

SBI plans to divest up to 4% in SBI General Insurance ahead of IPO

SBI General Insurance is a 74: 26 joint venture between the State Bank of India and Insurance Australia Group (IAG).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BPDVk3

Read more »

SBI clubs three other banks’ exposure to Bombay Rayon for sale

State Bank of India (SBI) has now decided to club other banks’ exposures to the account and run the auction as per the Swiss challenge method.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oeqAYF

Read more »

SBI plans to divest up to 4% in SBI General Insurance ahead of IPO

SBI General Insurance is a 74: 26 joint venture between the State Bank of India and Insurance Australia Group (IAG).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BPDVk3

Read more »

SBI clubs three other banks’ exposure to Bombay Rayon for sale

State Bank of India (SBI) has now decided to club other banks’ exposures to the account and run the auction as per the Swiss challenge method.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oeqAYF

Read more »

SBI plans to divest up to 4% in SBI General Insurance ahead of IPO

SBI General Insurance is a 74: 26 joint venture between the State Bank of India and Insurance Australia Group (IAG).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BPDVk3

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Form committee for clarity on regulatory powers over PSBs, says house panel

The standing committee also wondered why RBI failed to take preemptive action in checking bad loans in the banking system prior to the Asset Quality Review undertaken in December 2015.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2wiy3dV

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SBI clubs three other banks’ exposure to Bombay Rayon for sale

State Bank of India (SBI) has now decided to club other banks’ exposures to the account and run the auction as per the Swiss challenge method.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oeqAYF

Read more »

SBI plans to divest up to 4% in SBI General Insurance ahead of IPO

SBI General Insurance is a 74: 26 joint venture between the State Bank of India and Insurance Australia Group (IAG).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2BPDVk3

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Bankers see no material impact on their provisioning as RBI deadline ends

As the Reserve Bank deadline to resolve around 70 large accounts worth over Rs 3.8 trillion ended today, and no word coming in from the regulator on an extension, State Bank chairman Rajnish Kumar said the deadline will not have any material impact on provisioning as banks are already in the process of resolving these accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsTcss

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Arun Jaitley asks banks to be cautious about indiscriminate lending

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

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Bankers see no material impact on their provisioning as RBI deadline ends

As the Reserve Bank deadline to resolve around 70 large accounts worth over Rs 3.8 trillion ended today, and no word coming in from the regulator on an extension, State Bank chairman Rajnish Kumar said the deadline will not have any material impact on provisioning as banks are already in the process of resolving these accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsTcss

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Bankers see no material impact on their provisioning as RBI deadline ends

As the Reserve Bank deadline to resolve around 70 large accounts worth over Rs 3.8 trillion ended today, and no word coming in from the regulator on an extension, State Bank chairman Rajnish Kumar said the deadline will not have any material impact on provisioning as banks are already in the process of resolving these accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsTcss

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Bankers see no material impact on their provisioning as RBI deadline ends

As the Reserve Bank deadline to resolve around 70 large accounts worth over Rs 3.8 trillion ended today, and no word coming in from the regulator on an extension, State Bank chairman Rajnish Kumar said the deadline will not have any material impact on provisioning as banks are already in the process of resolving these accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsTcss

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Bankers see no material impact on their provisioning as RBI deadline ends

As the Reserve Bank deadline to resolve around 70 large accounts worth over Rs 3.8 trillion ended today, and no word coming in from the regulator on an extension, State Bank chairman Rajnish Kumar said the deadline will not have any material impact on provisioning as banks are already in the process of resolving these accounts.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2NsTcss

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Crunch time for 70 companies as RBI’s NPA deadline ends

After Allahabad HC rebuff, power firms look for govt lifeline

from Business Line - Money & Banking https://ift.tt/2MwSduC

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Bajaj Allianz Life posts 47% growth in premium in Karnataka

Our Bureau Bajaj Allianz Life Insurance Company has registered a 47 per cent growth in new business premium in Karnataka in Q1 FY18-19 over the corre

from Business Line - Money & Banking https://ift.tt/2wAbTDl

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Rupee is likely to remain under pressure

Fresh trigger may see the rupee tumbling to new lows

from Business Line - Money & Banking https://ift.tt/2odwHMP

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Net Interest Margin of PSBs grows despite rise in NPAs

NIM rises on better credit-deposit ratio and higher rates

from Business Line - Money & Banking https://ift.tt/2wogCaY

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Banks must prepare blueprint for long-term growth: Jaitley

Finance Minister says India has the potential to become the fifth-largest economy by next year

from Business Line - Money & Banking https://ift.tt/2PIvZ6P

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SBI changes names, IFSC codes of nearly 1,300 branches post merger with associates

The merger of six associate banks and Bhartiya Mahila Bank (BMB) with State Bank of India (SBI) came to effect from April 1, 2017 resulting into increase in size and valuation of the bank.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2LweaEO

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DHFL Pramerica Life appoints Kalpana Sampat as CEO

DHFL Pramerica Life Insurance (DPLI) has appointed Kalpana Sampat as Senior Executive Vice-President & Chief Operating Officer.She had most rece

from Business Line - Money & Banking https://ift.tt/2NpncW6

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Lenders will have 15-days to resolve the stressed accounts that come within RBI's Feb 12 circular

The general consensus among bankers and analysts is that majority of the cases would be referred to bankruptcy court due to lack of unanimity among lenders.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2wh21yR

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