Who is Amitabh Chaudhry? HDFC Life’s CEO all set to replace Axis Bank’s MD and CEO Shikha Sharma

Putting an end to speculations, Axis Bank on Saturday appointed HDFC Life's Amitabh Chaudhry as the bank's CEO and MD after Shikha Sharma retires from the post.

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Axis Bank appoints HDFC group’s Amitabh Chaudhry as MD & CEO; to take charge on January 1

Axis Bank said Saturday Amitabh Chaudhry has been appointed its Managing Director & CEO from January 1, 2019 for a period of three years.

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Rs 90 crore bank fraud case: ED raids 9 places in Tamil Nadu

The Enforcement Directorate (ED) Saturday conducted searches at nine locations in Tamil Nadu in connection with an alleged Rs 90 crore bank loan fraud money laundering case, officials said.

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Bharat bandh impact on banks: No need to worry, banking services will continue ‘as usual’

As on Monday, the Congress has called for a Bharat Bandh to protest high petrol and diesel prices, a bank official has said that it will not impact the banking services and banks work will continue as usual.

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Who is Amitabh Chaudhry? HDFC Life’s CEO all set to replace Axis Bank’s MD and CEO Shikha Sharma

Putting an end to speculations, Axis Bank on Saturday appointed HDFC Life's Amitabh Chaudhry as the bank's CEO and MD after Shikha Sharma retires from the post.

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Axis Bank appoints HDFC group’s Amitabh Chaudhry as MD & CEO; to take charge on January 1

Axis Bank said Saturday Amitabh Chaudhry has been appointed its Managing Director & CEO from January 1, 2019 for a period of three years.

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Rs 90 crore bank fraud case: ED raids 9 places in Tamil Nadu

The Enforcement Directorate (ED) Saturday conducted searches at nine locations in Tamil Nadu in connection with an alleged Rs 90 crore bank loan fraud money laundering case, officials said.

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Bharat bandh impact on banks: No need to worry, banking services will continue ‘as usual’

As on Monday, the Congress has called for a Bharat Bandh to protest high petrol and diesel prices, a bank official has said that it will not impact the banking services and banks work will continue as usual.

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Axis Bank appoints Amitabh Chaudhry as MD & CEO

He will take charge from Jan 1

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IFCI reports Q1 net loss at ₹ 340 cr

New Delhi, Sep 8 Infrastructure sector lender IFCI Saturday reported a standalone net loss of ₹ 340.77 crore for the April-June quarter of current fis

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HDFC Life board to meet on September 12 to consider appointment of new MD, CEO

Chaudhry has been appointed as MD and CEO of Axis Bank for a period of 3 years from January 1, 2019 to December 31, 2021, the bank informed the stock exchanges separately.

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Amitabh Chaudhry of HDFC Life appointed CEO & MD at Axis Bank

Chaudhry, who is the managing director of HDFC Life and offloaded shares worth Rs 55.77 crore between April and August this year, was widely speculated to take over as the next boss at Axis.

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HDFC Bank hikes MCLRs by 20 bps across tenures, one-year rate now stands at 8.6%

HDFC Bank, the country’s largest private-sector lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 20 basis points (bps) across tenures. Its one-year MCLR now stands at 8.6%.

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HDFC Bank hikes MCLRs by 20 bps across tenures, one-year rate now stands at 8.6%

HDFC Bank, the country’s largest private-sector lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 20 basis points (bps) across tenures. Its one-year MCLR now stands at 8.6%.

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HDFC Bank hikes MCLRs by 20 bps across tenures, one-year rate now stands at 8.6%

HDFC Bank, the country’s largest private-sector lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 20 basis points (bps) across tenures. Its one-year MCLR now stands at 8.6%.

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HDFC Bank hikes MCLRs by 20 bps across tenures, one-year rate now stands at 8.6%

HDFC Bank, the country’s largest private-sector lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 20 basis points (bps) across tenures. Its one-year MCLR now stands at 8.6%.

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HDFC Bank hikes MCLRs by 20 bps across tenures, one-year rate now stands at 8.6%

HDFC Bank, the country’s largest private-sector lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 20 basis points (bps) across tenures. Its one-year MCLR now stands at 8.6%.

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

Country's largest lender State Bank of India (SBI) Friday said it has withdrawn the process of sale of debt of Essar Steel to asset reconstruction companies (ARCs) after the NCLAT asked lenders of the debt-ridden firm to consider the second round bid of Numetal and mining baron Anil Agarwal-led Vedanta.

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RBI slaps ₹1-cr penalty on Union Bank

Union Bank of India, on Friday, said the Reserve Bank of India has imposed a ₹1-crore penalty on the bank for delay in detection and reporting of frau

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Corpn Bank approves capital infusion of ₹2,555 cr

The extraordinary general meeting (EGM) of shareholders of Corporation Bank has approved a special resolution to issue equity shares on preferential

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High-street banks say no to co-op banks’ plea for 1-day deposit product

Non-scheduled urban co-operative banks cannot deploy funds in call money market

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‘Early signals seem to suggest the economy is on the mend’

SurabhiSounding an optimistic note, ICICI Securities Managing Director and CEO Shilpa Kumar expects that a large part of the rupee movement has playe

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Eyeing returns, NSUCBs seek one-day term deposit

High-street banks aren’t keen to offer such a product

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‘Insurers need long-term investment opportunities’

Our BureauLIC Chairman VK Sharma highlighted the need for long-term investment opportunities for insurers.“Investment by insurance companies is a key

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IRDAI to give LIC timeline for lowering stake in IDBI Bank to 15%, says Khuntia

IRDAI Chairman urges insurers to increase the scope of insurance in the country

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SBI withdraws plan to sell Essar Steel loans post NCLAT order

SBI, the lead lender, was planning to sell its loan to Essar Steel to asset reconstruction companies, according to sources.

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RBI imposes Rs 1 crore fine on Union Bank of India for delay in fraud detection, reporting

The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.

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Anshula Kant appointed SBI Managing Director: Here’s her journey from Probationary Officer to MD

The State Bank of India (SBI) on Thursday said that the government has appointed Anshula Kant as the Managing Director of the bank.

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RBI imposes Rs 1 crore fine on Union Bank of India for delay in fraud detection, reporting

The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.

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Anshula Kant appointed SBI Managing Director: Here’s her journey from Probationary Officer to MD

The State Bank of India (SBI) on Thursday said that the government has appointed Anshula Kant as the Managing Director of the bank.

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IOB raises MCLR by 5 bps on various maturities

Indian Overseas Bank (IOB) has raised its marginal cost of funds based lending rate (MCLR) by 0.05 per cent for various maturities with effect from

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RBI imposes Rs 1 crore fine on Union Bank of India for delay in fraud detection, reporting

The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.

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Anshula Kant appointed SBI Managing Director: Here’s her journey from Probationary Officer to MD

The State Bank of India (SBI) on Thursday said that the government has appointed Anshula Kant as the Managing Director of the bank.

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RBI imposes Rs 1 crore fine on Union Bank of India for delay in fraud detection, reporting

The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.

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Anshula Kant appointed SBI Managing Director: Here’s her journey from Probationary Officer to MD

The State Bank of India (SBI) on Thursday said that the government has appointed Anshula Kant as the Managing Director of the bank.

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RBI imposes Rs 1 crore fine on Union Bank of India for delay in fraud detection, reporting

The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.

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Anshula Kant appointed SBI Managing Director: Here’s her journey from Probationary Officer to MD

The State Bank of India (SBI) on Thursday said that the government has appointed Anshula Kant as the Managing Director of the bank.

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RBI imposes Rs 1 crore fine on Union Bank of India for delay in fraud detection, reporting

The Reserve Bank of India has imposed a Rs 1 crore penalty on Union Bank of India for failing to detect and report fraud on time.

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Anshula Kant appointed SBI Managing Director: Here’s her journey from Probationary Officer to MD

The State Bank of India (SBI) on Thursday said that the government has appointed Anshula Kant as the Managing Director of the bank.

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RBI imposes Rs 1cr fine on Union Bank for delay in fraud detection, reporting

However, the bank said that the amount of the penalty is not material considering the size of the bank.

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HNA plans to sell Deutsche Bank stake: WSJ

HNA holds 7.6 percent stake in Deutsche Bank

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Sundaram BNP Paribas cuts interest rates on home improvement loans

Processing fees for customers opting to take up such loans would be waived, Sundaram BNP Paribas Home Finance said in a statement.

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Sundaram BNP Paribas cuts interest rates on home improvement loans in Kerala

Sundaram BNP Paribas Home Finance, the subsidiary of non-banking finance company Sundaram Finance Ltd, on Friday announced a marginal cut in the rate

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SBI appoints Anshula Kant as Managing Director

Was recommended by the Bank Boards Bureau for the post

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Weak rupee to cost India an extra Rs 68,500 crore more to repay foreign debt

With the currency losing more than 11 per cent to the dollar this year, the country will have to shell out an extra Rs 68,500 crore when repaying short-term debt in the coming months, according to numbers arrived at by the State Bank of India.

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IRDAI to give LIC timeline to lower stake in IDBI Bank

IRDAI Chairman Subhash Chandra Khuntia on Friday said the insurance regulator has the power to relax the investment limit in specific cases, where j

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Crisis-hit IL&FS seeks Rs 3k-crore loan

The latest activity follows a group company, IL&FS Financial Services, failing to meet repayment obligations through a commercial paper borrowing last month.

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Nearly 25% premium from new life policies goes waste

Sources in LIC say that the dropout ratio is higher among low-value policies, however when it comes to premium, there are only 76% renewals in the second year.

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British Airways hacked, details of 380,000 bank cards stolen

Personal and financial details of customers making bookings between August 21 and September 5 had been stolen in a data breach involving 380,000 bank cards. BA advised anyone who believed they may have been affected to contact their bank or credit card provider and follow their recommendations. The hack did not involve travel or passport details.

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Complying with RBI deadline, PNB, UBI and Andhra Bank put NPAs of Rs 4,441 crore on sale

PNB has put on sale 21 accounts having `1,320 cr outstanding; Andhra Bank's 53 entities have `2,549-cr debt; UBI’s 30 accounts have total outstanding of `572 cr

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Inditrade launches microfinance operations in Karnataka

Inditrade (erstwhile JRG), a player in the agri-commodity financing and microfinance business, on Wednesday launched microfinance operations in Karnat

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Paytm building tech to check ‘credibility score’ of borrower

Paytm CEO Harinder Takhar said the mechanism would go a long way in aiding banks to determine whether it would be safe to grant a loan to an individual.

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Complying with RBI deadline, PNB, UBI and Andhra Bank put NPAs of Rs 4,441 crore on sale

PNB has put on sale 21 accounts having `1,320 cr outstanding; Andhra Bank's 53 entities have `2,549-cr debt; UBI’s 30 accounts have total outstanding of `572 cr

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Transshipment of loaded EXIM containers starts picking up after cabotage relaxation

P Manoj Loaded export-import (EXIM) containers hauled on foreign flag ships for transshipment at Indian ports in August exceeded the empties moved

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Jet Airways taking steps to resolve issues around salary payments

  Jet Airways, on Thursday, said that is in dialogue with pilots and other members of its team to resolve issues including disbursement of salaries. T

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Supreme Court allows Corporation Bank to move NCLT for claims against Amrapali Group

The apex court has ordered a forensic audit of the real estate firm and its promoters to gauge the extent of financial wrong-doings.

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With $400 m from Temasek, NIIF makes 2nd closure of Master Fund

Our Bureau National Investment and Infrastructure Fund (NIIF) has announced the second closure for its Master Fund with Singapore’s sovereign fund T

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Health insurance policies need not cover genetic disorders: IRDAI

Directive follows recent ruling of Supreme Court

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Banks may refer GMR, Prayagraj, SKS, 8 other power companies to NCLT

The other companies are SKS Ispat Power, Meenakshi Energy, Athena Chhattisgarh Power Jhabua Power, KSK Mahanandi, Coastal Energen and Jindal India Thermal Power, among others.

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No clearance of non-CTS compliant cheques from January: Punjab National Bank

This eliminates the cost of movement of physical cheques and reduces the time for clearance for better delivery of services to customers.

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Lenders initiate action to take 11 stressed power assets to NCLT

SBI calls for meeting to begin insolvency proceedings

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Transshipment of loaded EXIM containers starts picking up after cabotage relaxation

P Manoj Loaded export-import (EXIM) containers hauled on foreign flag ships for transshipment at Indian ports in August exceeded the empties moved

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Centralised platform needed for data privacy laws: Facebook

Our BureauFacebook, the social media giant, which is fighting lawmakers in different countries over data protection and privacy laws, said that gov

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Jet Airways taking steps to resolve issues around salary payments

Our BureauJet Airways, on Thursday, said that is in dialogue with pilots and other members of its team to resolve issues including disbursement of s

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Edelweiss eyes small towns for ‘sharp growth’ in business

To account for 35-40% of business in the next three-to-four years, says official

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Be mindful of the costs of rupee depreciation, warns SBI report

Our BureauWith the rupee breaching the 72-mark to the dollar on Thursday, a State Bank of India research report said policy makers should be mindful

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YES Bank’s SIMsePay to let feature phone users make payments

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Curb on IL&FS Fin Services accessing commercial paper market till February

Our BureauIL&FS Financial Services (IFIN), on Thursday, disclosed that it will not be able to access the commercial paper (CP) market up to Febru

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Airtel Payments Bank offers card-less cash withdrawal facility at select ATMs

Airtel Payments Bank has tied up with Empays to enable its savings account holders to withdraw cash using just their mobile phone through card-less cash tech.

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Monetary limit for filing cases in DRT doubled to Rs 20 lakh

The government Thursday doubled the pecuniary limit to Rs 20 lakh for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks

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Over 20 banks stare at penalty for missing daily Aadhaar enrolment targets

Nearly 23 banks, including ICICI, HDFC and Bank of Baroda, will face UIDAI action if Aadhaar target is not met.

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IDFC Bank sells 12 power sector loans to Edelweiss ARC at one fourth price

The merger between Capital First and IDFC Bank is likely to be effective by the end of this calendar year.

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SEBI sends officials overseas to study cryptocurrencies, initial coin offering

Markets regulator SEBI has sent its officials to foreign countries to study initial coin offerings and cryptocurrencies, a move that will help in unde

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Rupee recovers 9 paise against US dollar in early trade

Dollar selling by exporters and banks, fall in crude prices in the global market and weakness in the dollar against other currencies overseas amid US-China trade conflict, helped the domestic currency rebound, forex dealers said.

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Bank of Baroda raises MCLR by 5 bps

Bank of Baroda (BoB) on Wednesday followed larger rivals State Bank of India (SBI) and ICICI Bank in hiking lending rates.

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Bank of Baroda raises MCLR by 5 bps

Bank of Baroda (BoB) on Wednesday followed larger rivals State Bank of India (SBI) and ICICI Bank in hiking lending rates.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Bank of Baroda hikes MCLR by 5 bps across tenors

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates.

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Bank of Baroda hikes MCLR by 5 bps across tenors

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Bank of Baroda hikes MCLR by 5 bps across tenors

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates.

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Bank of Baroda hikes MCLR by 5 bps across tenors

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates.

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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Karnataka Bank to raise ₹800 cr

The board of directors of Karnataka Bank has approved the proposal for augmenting the bank’s capital. The board of directors approved the proposal for

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Irdai ask insurers to provide 60-days grace period for health insurance premium

Heavy rains and subsequent floods have adversely affected life and property in Kerala and some districts of Karnataka.

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Bank of Baroda hikes MCLR by 5 bps across tenors

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates.

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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Jan Dhan Yojana: Government doubles overdraft limit to Rs 10,000

The government Wednesday decided to make the Pradhan Mantri Jan Dhan Yojana (PMJDY) an open-ended scheme and added more incentives to encourage people to open bank accounts.

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Bank of Baroda hikes MCLR by 5 bps across tenors

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M2xb29

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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Conditional nod to YES Bank chief’s new term leaves experts perplexed

Our BureauNearly a week after the Reserve Bank of India approved Rana Kapoor’s reappointment as the MD and CEO of YES Bank, analysts and investors ar

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Traditional insurance products benefit from higher G-Sec yields

Dearth of investment options worry insurers: Canara HSBC OBC Life official

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Bank of Baroda set to raise MCLR by 5 bps

Our BureauBank of Baroda, on Wednesday, said it will raise its marginal cost of funds-based lending rate (MCLR) across all tenors by 5 basis points

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Srei Infra net rises 43%

Our BureauBacked by higher disbursements, Srei Infrastructure Finance posted a 43 per cent rise in standalone net profit at ₹30 crore for the quarte

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Muthoot Finance Q1 net profit rises 43% at ₹492 crore

Our Bureau Muthoot Finance has registered a 43 per cent increase in net profit at ₹492 crore in Q1 of FY19, against ₹345 crore in the previous year.

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Centrum buys L&T Fin’ssupply chain finance biz

Our BureauCentrum Financial Services, Centrum Group’s NBFC arm, has entered into an agreement to acquire L&T Finance’s supply chain finance busin

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Centrum acquires L&T Finance’s supply chain finance business

Centrum Financial Services, Centrum Group’s NBFC arm, has entered into an agreement to acquire L&T Finance’s supply chain finance business, which

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

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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Bank of Baroda hikes MCLR by 5 bps across tenors

Bank of Baroda Wednesday said it has increased the marginal cost of funds based lending rate (MCLR) by 0.05 per cent across tenors, days after market leader SBI hiked the rates.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2M2xb29

Read more »

On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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Union Bank expects Rs 2,000 crore recovery from resolution of stressed power projects

The project cost of GMR project was Rs 11,542 crore with debt component of Rs 8,173.9 crore while equity of Rs 3,367.54 crore.

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

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On Teacher’s Day, Paytm’s Vijay Shekhar Sharma heaps praises on HDFC Bank’s Aditya Puri; here’s what he said

Heaping praises on HDFC Bank CEO, Paytm’s Vijay Shekhar Sharma said that he hoped to acquire just 10% of Aditya Puri’s cast banking knowledge.

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

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Bank of Baroda hikes MCLR by 5 bps across tenors

The bank has revised MCLR at 5 basis points (bps) above existing level across all tenors with effect from September 7, 2018, the bank said in a release.

from Banking/Finance-Industry-Economic Times https://ift.tt/2Nip45T

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American Express to step up focus on SMEs

American Express plans to step up focus on expense management solutions in the mid-market and small and medium enterprises segment in India. “We hav

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LIC board explores open offer for IDBI Bank stake

Economic affairs secretary Subhash Chandra Garg said the time-table for completing the transaction has been decided and that an open offer is being explored.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wN685X

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LIC board explores open offer for IDBI Bank stake

Economic affairs secretary Subhash Chandra Garg said the time-table for completing the transaction has been decided and that an open offer is being explored.

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Markets open flat amid weak global cues

Both the indices are under pressure as concerns persist on multiple fronts in the form of rising crude prices, tumbling rupee and ongoing global trade tiff. On Tuesday, the 30-share BSE index logged its weakest closing in over two weeks by falling 155 points to 38,157.92, following a widespread selling mainly in sectors like consumer durables, financials and banks.

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LIC board explores open offer for IDBI Bank stake

Economic affairs secretary Subhash Chandra Garg said the time-table for completing the transaction has been decided and that an open offer is being explored.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wN685X

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Bank depositors should be recognised as financial creditors in IBC cases

The Insolvency and Bankruptcy Code, 2016 (IBC 2016) is applicable to insolvency resolution and liquidation of corporate persons, that is, a company as defined in the Companies Act, 2013, or the limited liability partnership as defined in the LLP Act, 2008.

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Lenders sitting in the LAP of disaster?

Loans to MSMEs, usually given to small entrepreneurs, have risen in the last four years as both banks and NBFCs have rushed to fund this sector

from Banking/Finance-Industry-Economic Times https://ift.tt/2wJOCP1

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Why aren’t gaps in SWIFT fixed, RBI asks bank chiefs

In PNB, the fraud went on for years undetected as the bank’s SWIFT system was not integrated to its core banking system.

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Banks not out of woods as corporate stress remains

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LIC board explores open offer for IDBI Bank stake

Economic affairs secretary Subhash Chandra Garg said the time-table for completing the transaction has been decided and that an open offer is being explored.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wN685X

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Trying to have a bank since 2000: LIC tells Delhi HC on move to acquire 51% stake in IDBI

The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.

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Banks Board Bureau invites application for post of MD, CEO of Canara Bank

Banks Board Bureau (BBB) has invited applications for the post of managing director and chief executive director of Canara Bank for a three-year term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q5kAhJ

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Trying to have a bank since 2000: LIC tells Delhi HC on move to acquire 51% stake in IDBI

The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wKts3k

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Banks Board Bureau invites application for post of MD, CEO of Canara Bank

Banks Board Bureau (BBB) has invited applications for the post of managing director and chief executive director of Canara Bank for a three-year term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q5kAhJ

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Trying to have a bank since 2000: LIC tells Delhi HC on move to acquire 51% stake in IDBI

The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wKts3k

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Banks Board Bureau invites application for post of MD, CEO of Canara Bank

Banks Board Bureau (BBB) has invited applications for the post of managing director and chief executive director of Canara Bank for a three-year term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q5kAhJ

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Trying to have a bank since 2000: LIC tells Delhi HC on move to acquire 51% stake in IDBI

The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wKts3k

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Banks Board Bureau invites application for post of MD, CEO of Canara Bank

Banks Board Bureau (BBB) has invited applications for the post of managing director and chief executive director of Canara Bank for a three-year term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q5kAhJ

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Trying to have a bank since 2000: LIC tells Delhi HC on move to acquire 51% stake in IDBI

The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wKts3k

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Banks Board Bureau invites application for post of MD, CEO of Canara Bank

Banks Board Bureau (BBB) has invited applications for the post of managing director and chief executive director of Canara Bank for a three-year term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q5kAhJ

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Trying to have a bank since 2000: LIC tells Delhi HC on move to acquire 51% stake in IDBI

The Life Insurance Corporation (LIC) of India on Tuesday told the Delhi High Court that it wanted to acquire 51 per cent stake in the Industrial Development Bank of India (IDBI) as the state-run insurance company was toying with having banking operations since 2000.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2wKts3k

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Banks Board Bureau invites application for post of MD, CEO of Canara Bank

Banks Board Bureau (BBB) has invited applications for the post of managing director and chief executive director of Canara Bank for a three-year term.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Q5kAhJ

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Trying to have a bank since 2000: LIC tells Delhi High Court on move to acquire 51% stake in IDBI

The query by the court came after the ASG said LIC policy holders need not worry about losses as the government will take care of their claims/investments.

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

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KVB banks on digital technology

Our Bureau Karur Vysya Bank (KVB) has taken to digital technology with the launch of two digital products – KVB-Next and KVB-Dlite – aimed at simpl

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IDFC Bank shareholders give approval for merger with Capital First, units

Our BureauMoving a step closer to merger, shareholders of IDFC Bank have cleared the amalgamation of Capital First, Capital First Home Finance and Ca

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HDFC Ergo launchescyber insurance cover

Non-life insurer to provide personal cover against cyber attacks and trolling

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Instant personal loans to add cheer this festival season

Offered to those who have desirable credit scores and financial history

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Rupee likely to fall further: SBI

RBI’s sterilised intervention fails to yield results, says the bank’s research report

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ADB unveils new tool to boost access to trade finance

The Asian Development Bank (ADB) on Tuesday launched its first Trade Finance Scorecard, a new tool to address market gaps stemming from the unintended consequences of global measures to fight money-laundering and terrorism.

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Good news for SBI YONO bank account holders! Zero-balance feature may continue for digital accounts

State of India (SBI) chairman Rajneesh Kumar has clarified that the zero balance feature for digital accounts opened through the YONO app will be valid up to March 2019.

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ING to pay $900 million to settle Dutch money laundering case

Dutch bank ING Groep NV will pay 775 million euros ($900 million) in a settlement with prosecutors, who accused its financial controls of being so poor that customers were able to easily launder money.

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Paytm Money launches app for mutual fund investments; 8 key things to know before you invest

Paytm Money app will be available for download on both Google’s Android platform and Apple’s mobile operating system iOS from today.

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KVB gets nod to raise Rs 1,200 Cr tier-I debt: MD&CEO

Karur Vysya Bank (KVB) on Tuesday said it has received approval from shareholders to raise Rs 1,200 crore tier I debt, to meet capital requirement.

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Tata Capital’s lending arm to raise up to ₹ 7,500 cr via NCDs

Tata Capital’s flagship lending arm, Tata Capital Financial Services, said on Tuesday it will raise up to ₹ 7,500 crore in its maiden non-convertible

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Aadhar Housing Finance - making home loans accessible to all

Owning a house is a dream that every Indian grows up with. However, while there are various options for people in the middle and higher income groups to avail loans and fulfil this dream, it is the low income group that has been always been in the periphery.

from Banking/Finance-Industry-Economic Times https://ift.tt/2wCTy9w

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LIC board finalises modalities for hiking stake in IDBI Bank

LIC board on Tuesday said that it has taken a decision on the modalities for increasing stake in debt-ridden IDBI Bank to 51 per cent. The process i

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Manipal Group takes a stake in Cigna TTK

Cigna has received regulatory nod from IRDAI to partner with Manipal Group.

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

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View: India shoots wrong general in lost war on cash

Recent RBI data showed that 99.3% of the currency made worthless was eventually returned to banks.

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Banks ask RBI to ease ATM cash management rules

The forced stocktaking of demonetised notes revealed that there were several instances of discrepancies between cash in ATMs and what was shown in the books of banks.

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

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SBI may kickstart setting up asset management company for loan resolution

According to the committee report, the exposure of banks towards loans of Rs 500 crore and above would be around Rs 3.6 lakh crore, of which PSBs would have an exposure of Rs 3.1lakh crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/2M01OoU

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Banks may face 60% haircut on power loans

Of the 34 stressed plants, it is estimated that around 10 units with a net loan of Rs 39,400 crore have been referred to the NCLT.

from Banking/Finance-Industry-Economic Times https://ift.tt/2LX8HY5

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Banks with over 10 branches to have ombudsman: RBI

The Reserve Bank of India (RBI) on Monday asked all scheduled commercial banks with more than 10 branches to appoint an Internal Ombudsman (IO).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oE9X98

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Banks with over 10 branches to have internal ombudsman

The Reserve Bank of India, on Monday, asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO). However, the central bank has exempted regional rural banks (RRB) from appointing an IO.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LZGK1O

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Banks with over 10 branches to have ombudsman: RBI

The Reserve Bank of India (RBI) on Monday asked all scheduled commercial banks with more than 10 branches to appoint an Internal Ombudsman (IO).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oE9X98

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Banks with over 10 branches to have internal ombudsman

The Reserve Bank of India, on Monday, asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO). However, the central bank has exempted regional rural banks (RRB) from appointing an IO.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LZGK1O

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Banks with over 10 branches to have ombudsman: RBI

The Reserve Bank of India (RBI) on Monday asked all scheduled commercial banks with more than 10 branches to appoint an Internal Ombudsman (IO).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oE9X98

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Banks with over 10 branches to have internal ombudsman

The Reserve Bank of India, on Monday, asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO). However, the central bank has exempted regional rural banks (RRB) from appointing an IO.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LZGK1O

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Banks with over 10 branches to have ombudsman: RBI

The Reserve Bank of India (RBI) on Monday asked all scheduled commercial banks with more than 10 branches to appoint an Internal Ombudsman (IO).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oE9X98

Read more »

Banks with over 10 branches to have internal ombudsman

The Reserve Bank of India, on Monday, asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO). However, the central bank has exempted regional rural banks (RRB) from appointing an IO.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LZGK1O

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Banks with over 10 branches to have ombudsman: RBI

The Reserve Bank of India (RBI) on Monday asked all scheduled commercial banks with more than 10 branches to appoint an Internal Ombudsman (IO).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oE9X98

Read more »

Banks with over 10 branches to have internal ombudsman

The Reserve Bank of India, on Monday, asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO). However, the central bank has exempted regional rural banks (RRB) from appointing an IO.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LZGK1O

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Banks ask RBI to ease ATM cash management rules

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

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Banks with over 10 branches to have ombudsman: RBI

The Reserve Bank of India (RBI) on Monday asked all scheduled commercial banks with more than 10 branches to appoint an Internal Ombudsman (IO).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2oE9X98

Read more »

Banks with over 10 branches to have internal ombudsman

The Reserve Bank of India, on Monday, asked all scheduled commercial banks with more than 10 branches to appoint an internal ombudsman (IO). However, the central bank has exempted regional rural banks (RRB) from appointing an IO.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LZGK1O

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HDFC ERGO, MaGE join hands for talent development program

HDFC ERGO, a general insurance company, has announced the talent development program, commencing today. The a one-year General Insurance training prog

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Icra keeps ratings of IDBI Bank’s bond programmes under watch

Rating agency Icra Monday said it has placed long-term ratings for Rs 4,286.20 crore upper tier II bonds programme and Rs 1,708.80 crore basel II compliant perpetual bonds of IDBI Bank on Rating Watch with Developing Implications (RWD).

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

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RBI employees’ 2-day mass leave programme deferred

The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ne1nMi

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SBI responds to Singapore govt initiative with remittance centre

Responding to Singapore government's initiative for making it "easy lifestyle" for construction workers at dormitories, the State Bank of India has set up a remittance centre in the suburb Punggol district.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LQm2Be

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Icra keeps ratings of IDBI Bank’s bond programmes under watch

Rating agency Icra Monday said it has placed long-term ratings for Rs 4,286.20 crore upper tier II bonds programme and Rs 1,708.80 crore basel II compliant perpetual bonds of IDBI Bank on Rating Watch with Developing Implications (RWD).

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

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RBI employees’ 2-day mass leave programme deferred

The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ne1nMi

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SBI responds to Singapore govt initiative with remittance centre

Responding to Singapore government's initiative for making it "easy lifestyle" for construction workers at dormitories, the State Bank of India has set up a remittance centre in the suburb Punggol district.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LQm2Be

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Icra keeps ratings of IDBI Bank’s bond programmes under watch

Rating agency Icra Monday said it has placed long-term ratings for Rs 4,286.20 crore upper tier II bonds programme and Rs 1,708.80 crore basel II compliant perpetual bonds of IDBI Bank on Rating Watch with Developing Implications (RWD).

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

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RBI employees’ 2-day mass leave programme deferred

The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ne1nMi

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SBI responds to Singapore govt initiative with remittance centre

Responding to Singapore government's initiative for making it "easy lifestyle" for construction workers at dormitories, the State Bank of India has set up a remittance centre in the suburb Punggol district.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LQm2Be

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Weighted average lending rates up 5-76 bps in March-June

Our Bureau The weighted average lending rates (WALRs) of scheduled commercial banks on outstanding rupee loans for sectors such as housing, large ind

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

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Icra keeps ratings of IDBI Bank’s bond programmes under watch

Rating agency Icra Monday said it has placed long-term ratings for Rs 4,286.20 crore upper tier II bonds programme and Rs 1,708.80 crore basel II compliant perpetual bonds of IDBI Bank on Rating Watch with Developing Implications (RWD).

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

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RBI employees’ 2-day mass leave programme deferred

The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

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SBI responds to Singapore govt initiative with remittance centre

Responding to Singapore government's initiative for making it "easy lifestyle" for construction workers at dormitories, the State Bank of India has set up a remittance centre in the suburb Punggol district.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LQm2Be

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Icra keeps ratings of IDBI Bank’s bond programmes under watch

Rating agency Icra Monday said it has placed long-term ratings for Rs 4,286.20 crore upper tier II bonds programme and Rs 1,708.80 crore basel II compliant perpetual bonds of IDBI Bank on Rating Watch with Developing Implications (RWD).

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RBI employees’ 2-day mass leave programme deferred

The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ne1nMi

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SBI responds to Singapore govt initiative with remittance centre

Responding to Singapore government's initiative for making it "easy lifestyle" for construction workers at dormitories, the State Bank of India has set up a remittance centre in the suburb Punggol district.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LQm2Be

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Appoint Internal Ombudsmen to redress complaints at bank-level, RBI tells banks

Our BureauThe Reserve Bank of India, on Monday, directed all Scheduled Commercial Banks having more than 10 banking outlets to appoint an Internal Om

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A Cashcow for rural India

Suresh P IyengarRunning away from farm distress in his hometown Kathiyar, in Bihar, Mohammad Hussain, 26, never thought his dream would come true i

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Rupee continues to close at record lows

Marks seventh consecutive monthly fall, the longest losing streak since 2000

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RBI officers, staff defer plan to go on mass casual leave

Vinson KurianRBI officers and employees have put off a plan to go on mass casual leave on Tuesday and Wednesday after Deputy Governor Viral Acharya s

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In two years since launch, UPI handles transactions worth ₹3.17-lakh crore

Posts considerable growth after note ban in Nov 2016

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Icra keeps ratings of IDBI Bank’s bond programmes under watch

Rating agency Icra Monday said it has placed long-term ratings for Rs 4,286.20 crore upper tier II bonds programme and Rs 1,708.80 crore basel II compliant perpetual bonds of IDBI Bank on Rating Watch with Developing Implications (RWD).

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

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RBI employees’ 2-day mass leave programme deferred

The two-day mass casual leave on September 4 and 5 called by the United Forum of Reserve Bank Officers and Employees (UFRBOE) has been deferred after discussion with the bank management, the union said Monday.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2Ne1nMi

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SBI responds to Singapore govt initiative with remittance centre

Responding to Singapore government's initiative for making it "easy lifestyle" for construction workers at dormitories, the State Bank of India has set up a remittance centre in the suburb Punggol district.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2LQm2Be

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RBI employees' defer two-day mass leave programme

"Consequent to series of meeting between top management of Reserve Bank of India with unions, the forum has decided to defer the programme of mass casual leave scheduled on September 4 and 5 to first week of January, 2019 in response to the bank's request to give some more time to resolve the demands," a UFRBOE statement said.

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

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RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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Banks with over 10 branches to have internal ombudsman: RBI

The apex bank has, however, excluded regional rural banks (RRBs) from appointing IOs. The internal ombudsman scheme was introduced by the RBI to strengthen the internal grievance of banks and to ensure that the complaints of the customers are redressed.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2MN8U5a

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

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RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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Allahabad Bank hikes deposit rates by up to 50 bps

State-run Allahabad Bank announced up to 50 basis points rise in deposit rates from September in short and medium term maturities.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NIFPV2

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Madras HC raps banks for granting crores to firms without adequate security

The Madras High Court slammed public sector banks Monday for granting crores of rupees as loans without sufficient security to several firms “when p

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

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RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

Read more »

RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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Banks with over 10 branches to have internal ombudsman: RBI

The internal ombudsman scheme was introduced by the RBI to strengthen the internal grievance of banks and to ensure that the complaints of the customers are redressed.

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

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Home Credit campaign focuses on easy loans

The campaign communicates relatable instances from daily lives of customers and reinforces Home Credit’s positioning as a responsible lender and an active participant in the communities where it operates, the release said.

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

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

Read more »

RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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Muthoot HomeFin announces Punarnirman Kerala

The scheme is valid till December, 31, 2018. The maximum loan term shall be for a period of 20 years. PMAY subsidy is also available for eligible cases.

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

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Sunil Pahilajani joins Singhi Advisors as partner

Investment banking firm Singhi Advisors has appointed Sunil Pahilajani as a partner to lead Delhi and North India office.Since 2002, Pahilajani had st

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

Read more »

RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

Read more »

RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

Read more »

RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

Read more »

RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

Read more »

RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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RBI buys 8.46 tonne of gold in FY18; first purchase in 9 yrs

The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in financial year 2017-18, the first purchase of yellow metal by the apex bank in almo

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

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

Read more »

RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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SBI responds to Singapore government initiative with remittance centre

Rupee remittance was about SGD856 million as end of last year. Thirty-five per cent of the 285,000 construction workers in Singapore are from India.

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

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RBI employees’ 2-day strike begins tomorrow: Will it impact banking operations? What you should know

Beginning tomorrow, the United Forum of Reserve Bank Officers and Employees (UFRBOE) will observe a two-day mass casual leave over their pension related demands. We take a look at how banking activity may get affected.

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

Read more »

RBI data: Loan defaults by MSMEs doubled in last fiscal

While credit growth picked up significantly, the outstanding advances to micro and small units rose by 6.72% during the period to Rs 10,49,796 crore from Rs 9,93,655 crore in the previous fiscal ended on March 2017.

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

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RBI working on measures to further beef up cyber security in FY19

In view of the growing incidents of cyber fraud, the Reserve Bank is working towards further enhancing the security mechanism as part of its agenda f

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National Housing Bank offers Rs 200 cr refinance facility to Kerala

To provide relief to the households having annual income up to Rs 3 lakh in rural areas and up to Rs 6 lakh in urban areas in the floods-hit state o

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LIC board to decide on modalities for hiking stake in IDBI Bank

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

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All property dealings by Kochhars under probe

Srikrishna panel to look into dealings by Chanda Kochhar’s family after she became ICICI CEO.

from Banking/Finance-Industry-Economic Times https://ift.tt/2wyD0zs

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As rupee slides, SBI sees one more rate hike, sub-7.5 per cent growth

Flags cost of RBI intervention in forex market as critical concern

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Impose penalties for delayed crop insurance payouts, Agriculture Ministry tells FinMin

Proposes incentives to those who settle them before the deadline

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CBIC to weed out a million assessees from GST tax net

Move will ensure effective tax base, says Finance Ministry official

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HPCL to decide on future of its upstream biz

It is a high-risk, high-reward business, says CMD

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Rise in borrowing by States must be minimised: RBI

Our BureauThe Reserve Bank of India, on Friday, cautioned that the increasing reliance on borrowing by States has raised concerns both from the supp

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Goal Assure, a ‘blockbuster’ product for Bajaj Allianz Life

Plans to launch more variations around ‘return of mortality charges’ to expand online ULIP market, says CEO

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Impose penalties for delayed crop insurance payouts, Agriculture Ministry tells FinMin

Proposes incentives to those who settle them before the deadline

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Assured benefits of tech revolution in insurance

Successfully leveraging insurtech disruption will help the sector leapfrog to the next level

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Government may give extension to Bank of Baroda chief P S Jayakumar

Jayakumar was one of the two selected from the private sector and joined the state-owned bank in October 2015.

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Growth rebound will sustain, RBI says

The central bank’s report card on economic trends will help the government battle the charge that demonetisation and “poor implementation” of GST hurt the economy. “Credit to medium enterprises turned positive, while credit to large enterprises improved further,” the RBI said.

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

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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.

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

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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.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PmAL98

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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.

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

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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.

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

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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.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PmAL98

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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.

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

Read more »

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.

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

Read more »

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.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PmAL98

Read more »