10:25 PM
Blogger
10:25 PM
Blogger
9:50 PM
Blogger
9:50 PM
Blogger
6:37 PM
Blogger
6:19 PM
Blogger
3:55 PM
Blogger
1:10 PM
Blogger
12:43 PM
Blogger
12:43 PM
Blogger
12:34 PM
Blogger
In a statement issued here, C.H. Venkatachalam, General Secretary, AIBEA said: "Mergers will surely result in closure of branches, whereas we need branch expansion to make banking accessible to all.
12:30 PM
Blogger
11:29 AM
Blogger
After taking an activist stance in its previous two meetings, the RBI board took a step back on Friday, as newly-appointed governor Shaktikanta Das adopted a more consultative stance.
7:14 AM
Blogger
Initial estimates suggest that capital infusion of about Rs 8,000 crore may be required.
3:28 AM
Blogger
10:40 PM
Blogger
10:16 PM
Blogger
The State Bank, which is the lead banker to the airlines' over Rs 8,000 crore loans, has mandated EY to conduct the forensic audit of its books, which has already began the process, the sources added.
10:14 PM
Blogger
Earlier in the year, it raised Rs 40 crore from non-bank lender Capital First and Mumbai-based firm Param Capital.
9:50 PM
Blogger
9:45 PM
Blogger
9:45 PM
Blogger
9:30 PM
Blogger
7:35 PM
Blogger
7:10 PM
Blogger
6:54 PM
Blogger
Apart from ATMs, banking services across the country are provided through bank branches, inter-operable business correspondents (BCs) with micro-ATMs etc.
6:31 PM
Blogger
The statement assumes significance amidst a report by the Confederation of ATM industry (CATMi) warning that nearly half of the 2.38 lakh machines run the risk of closing down by March next year due to regulatory compliance changes making the business unviable due to rising costs and dipping or stagnant revenues.
6:23 PM
Blogger
6:23 PM
Blogger
6:23 PM
Blogger
5:59 PM
Blogger
During 2014-15 to 2017-18, the PSBs witnessed reduction in their NPAs due to write-offs (including compromise) to the tune of Rs 3,16,515 crore.
5:59 PM
Blogger
Arun Jaitley added that a number of steps have been taken by the government and the RBI to deter wilful defaulters and help make recovery.
5:31 PM
Blogger
2:59 PM
Blogger
IndoSpace is one of the largest provider of modern industrial and logistics real estate in India and has taken total commitment to India to above $3.2 billion.
12:20 PM
Blogger
12:10 PM
Blogger
11:24 AM
Blogger
The government should incentivise all banks to take up activities it thinks desirable, not impose it on a few, Rajan said.
11:00 AM
Blogger
10:33 AM
Blogger
10:33 AM
Blogger
10:33 AM
Blogger
10:05 AM
Blogger
10:05 AM
Blogger
8:24 AM
Blogger
In his first meeting with public sector banks based in Mumbai, Das listened to the issues concerning banking such as one-day default to Prompt Corrective Action.
7:09 AM
Blogger
PE group cofounder not worried by high valuation of Indian cos, may go aggressive on deals in ’19.
1:43 AM
Blogger
1:43 AM
Blogger
1:43 AM
Blogger
1:43 AM
Blogger
11:54 PM
Blogger
The bank's overall strength in India has now reduced to 7,300 people, the sources said.
11:36 PM
Blogger
The counter was led by finance minister Arun Jaitley himself, who, while admitting that government has issues with the central bank on credit flow and liquidity, said government has began "discussions" with it to rectify the same.
10:15 PM
Blogger
10:10 PM
Blogger
10:00 PM
Blogger
9:50 PM
Blogger
9:41 PM
Blogger
9:40 PM
Blogger
9:05 PM
Blogger
9:00 PM
Blogger
8:29 PM
Blogger
Moody's Managing Director and Chief Credit Officer (Asia Pacific) Michael Taylor said India's GDP growth will slow to just above 7 per cent for fiscal 2019 and 2020.
7:15 PM
Blogger
6:40 PM
Blogger
6:09 PM
Blogger
The government had decided to take a massive step to capitalise PSBs in a front-loaded manner, with a view to support credit growth.
5:19 PM
Blogger
Bankers and the Reserve Bank (RBI) have often expressed concern that debt waivers can wreck credit culture.
5:11 PM
Blogger
Union minister Nitin Gadkari on Thursday asserted the central bank is part and parcel of the govt and therefore it has to support the economic vision of the govt of the day and said that RBI continues to be by and large an independent body. If RBI wants to be fully autonomous, then hold it responsible for the ills of the economy and not the finance ministry, he said.
4:10 PM
Blogger
4:10 PM
Blogger
4:10 PM
Blogger
4:09 PM
Blogger
Gadkari asserted that the central bank continues to be by and large an independent body but it should also support the economic vision of the government of the day.
4:01 PM
Blogger
On BSE, Wipro, Kotak Mahindra Bank, Infosys, Maruti Suzuki and Tata Motors were among the major gainers, rising as much as 2.86 per cent. On the NSE platform, except for Nifty Metal, all other sub-indices finished in green, surging as much as 1.37 per cent.
12:10 PM
Blogger
12:00 PM
Blogger
10:31 AM
Blogger
Top gainers in morning trade include Yes Bank, SBI, Tata Motors, Vedanta, BHarti Airtel, Infosys, HUL, Asian Paints, Wipro and ITC, rising up to 3 per cent. Sun Pharma, on the other hand, was the top losers on both indices, falling up to 2 per cent, after market regulator Sebi Wednesday said it was examining the whistleblower complaint against Dilip Shanghvi-led Sun Pharmaceutical Industries.
9:34 AM
Blogger
The company mostly sells its policies online sans intermediaries like individual agents and banks.
8:28 AM
Blogger
8:19 AM
Blogger
Company plans to begin ops through business correspondent partners before it gets a formal NBFC licence.
8:08 AM
Blogger
7:53 AM
Blogger
7:44 AM
Blogger
The private bank has already approached firms including BDO India, FTI India and Grant Thornton (GT) for conducting forensic investigations into the allegations, one person with a direct knowledge of the matter told ET.
1:23 AM
Blogger
11:08 PM
Blogger
11:04 PM
Blogger
The interest rate for fixed deposits between 1-3 years will increase to 6.25 per cent from 6 per cent.
10:33 PM
Blogger
10:30 PM
Blogger
10:24 PM
Blogger
However, the interest outgo for a borrower has been kept at a higher level of 9.05-9.25 percent as against 8.85- 9.05 percent for the older product.
10:15 PM
Blogger
10:10 PM
Blogger
10:00 PM
Blogger
9:55 PM
Blogger
9:45 PM
Blogger
9:45 PM
Blogger
9:45 PM
Blogger
9:30 PM
Blogger
9:14 PM
Blogger
The report said the net profits of private sector banks can grow at 20-25 per cent during FY19 resulting in return on equity (ROEs) of 10.5-11 per cent, during FY19 as against 10.2 per cent during FY18.
8:39 PM
Blogger
The trio is seeking a non-bank finance licence from the Reserve Bank of India for their new initiative.
6:21 PM
Blogger
The November data shows that the inflation stood below the Reserve Bank's medium-term target of 4 per cent for a fourth straight month. Also, this is for the first time since July 2017, the figure came below 3 per cent.
5:31 PM
Blogger
5:10 PM
Blogger
Das further said that, "I have convened a meeting with CEOs and MDs of public sector banks tomorrow morning (December 13). Banking is an important segment in our economy and it’s facing several challenges that need to be dealt with. It's the banking sector on which I’d like to focus immediately."
4:37 PM
Blogger
4:37 PM
Blogger
4:27 PM
Blogger
Ghosh said five new branches would be opened on Wednesday. The total number of ATMs would be 476, he said.
4:00 PM
Blogger
On the BSE index, Hero MotorCorp, Bharti Airtel, Adani Ports, Yes Bank and Mahindra & Mahindra were among the major gainers, rising as much as much 7.01 per cent. On NSE, all the sub-indices closed in green with Nifty Realty outperforming the index, up 4.36 per cent.
2:56 PM
Blogger
2:16 PM
Blogger
1:27 PM
Blogger
The committee of creditors had on October 2018 approved the Rs 175-crore resolution plan submitted by Srei Multiple Asset Investment Trust for the Kolkata-headquartered Kitply Industries.
1:10 PM
Blogger
"Assumed charge as Governor, Reserve Bank of India. Thank you each and everyone for your good wishes," Das said in a tweet. Finance minister Arun Jaitley termed Das as a person with "right credentials" for the RBI top job.
12:51 PM
Blogger
12:47 PM
Blogger
The Corporate Affairs Ministry had authorised the Serious Fraud Investigation Office (SFIO) to file winding up petitions against the 13 companies on behalf of the Centre.
11:35 AM
Blogger
Shaktikanta Das will need to take a stance on approving a successor for Yes Bank chief Rana Kapoor. The board of the private bank will meet on December 13 to shortlist around five successors and submit them to the RBI for approval.
10:36 AM
Blogger
10:25 AM
Blogger
Last month, Yes Bank said its board on December 13 will recommend names for new chairman to be approved by the RBI as well as consider appointment of independent directors.
10:05 AM
Blogger
On BSE, Yes Bank, Hero MortorCorp, Bharti Airtel, Mahindra & Mahindra and Tata Steel were among the major gainers, rising as much as 4.45 per cent. On the NSE platform, all the sub-indices were trading in green with Nifty Auto outperforming the index, up 1.95 per cent.
11:02 PM
Blogger
Das' prolonged association with the government is likely to act as a catalyst, which should augur well for mutual policy framing.
10:16 PM
Blogger
10:16 PM
Blogger
10:11 PM
Blogger
10:01 PM
Blogger
9:56 PM
Blogger
7:46 PM
Blogger
7:32 PM
Blogger
7:32 PM
Blogger
7:32 PM
Blogger
7:32 PM
Blogger
7:22 PM
Blogger
A 1980 batch Tamil Nadu batch IAS officer, Das took charge as as revenue secretary in 2014.
7:17 PM
Blogger
7:17 PM
Blogger
7:17 PM
Blogger
7:17 PM
Blogger
6:55 PM
Blogger
Patel, who is the first governor since 1990 to step down before his term ends. The resignation came ahead of the December 14 meeting of the central bank that could have discussed issues of simmering differences with the government.
6:52 PM
Blogger
A former economic affairs secretary from 2015 to 2017, Das worked closely with the central bank.
6:51 PM
Blogger
5:16 PM
Blogger
5:02 PM
Blogger
"We are doing some pilot projects. We have tied-up with some players for settlement of payments. Also the digital land records of farmers are available," SBI MD
4:21 PM
Blogger
4:10 PM
Blogger
On BSE, Yes Bank, Sun Pharma, Asian Paint, Kotak Mahindra Bank and State Bank of India (SBI) were among the major gainers with their stocks rising as much as 8.50 per cent. On the NSE platform, all the sub-indices tracked gains with Nifty PSU Bank rising the most, up 2.65 per cent.
2:12 PM
Blogger
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers, the central bank said in a release.
2:06 PM
Blogger
1:55 PM
Blogger
Rajiv Kumar further said although Patel has done an amazing work in the last two years as RBI governor, the functioning of the central bank is not dependent on any particular individual.
12:41 PM
Blogger
11:56 AM
Blogger
11:56 AM
Blogger
11:56 AM
Blogger
11:55 AM
Blogger
SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). Bhattacharya will succeed former banker M V Nair, who is stepping down after completing five years with the company, SWIFT India said in a statement.
11:35 AM
Blogger
There’s no obvious successor yet, and given the cloud under which Patel left -- amid a public fight with the government over the Reserve Bank of India’s autonomy -- investors are naturally anxious about who will take the helm.
RSS Feed
Twitter
