8:17 PM
Blogger
8:16 PM
Blogger
7:16 PM
Blogger
7:16 PM
Blogger
6:16 PM
Blogger
4:48 PM
Blogger
IFSC has the potential to become a centre of international finance and high end data processing, the minister added. It has 19 insurance entities and 40 banking entities. IFSC has also provided for setting up of precious metals testing laboratories and refining facilities.
4:48 PM
Blogger
LIC employees' unions on Saturday opposed the Centre's plan to sell a part of its shares in the state-run insurance behemoth through an initial public offer (IPO), insisting that the move is "against the national interest".
4:16 PM
Blogger
3:48 PM
Blogger
Bengaluru South MP Tejasvi Surya (BJP) called her a few times, about three weeks ago, after the news surfaced that the Reserve Bank of India (RBI) had imposed restrictions on Sri Guru Raghavendra Cooperative Bank in Bengaluru. Thousands of depositors have their savings and deposits in this bank with eight branches.
3:46 PM
Blogger
3:46 PM
Blogger
2:18 PM
Blogger
Finance Minister Nirmala Sitharaman on Saturday said a clean, reliable and robust financial sector is required for achieving the ambitious target of USD 5 trillion economy.
2:16 PM
Blogger
1:46 PM
Blogger
1:18 PM
Blogger
Before the budget, the government was discussing the proposal to double the insurance cover on bank deposits to Rs 2 lakh
1:16 PM
Blogger
12:48 PM
Blogger
The government will create a single investment cell to expedite grant of licences and promote entrepreneurship.
12:48 PM
Blogger
Services of public sector banks were impacted on Saturday as nation-wide strike by employee unions entered its second day. Private sector lenders like ICICI Bank and HDFC Bank were operational.
12:48 PM
Blogger
Public sector lender Canara Bank on Saturday said its Managing Director and CEO R A Sankara Narayanan has retired.
8:48 AM
Blogger
New index for NBFCs may help predict stress in the system and allocation of optimum capital infusion during a crisis. The survey shows that except for 2011 and 2017, the ALM mismatch in the shorter tenures was negative for all the years coinciding with the years when the health score of the NBFC was low.
8:48 AM
Blogger
Public sector bank employees are paid fixed salaries, which, according to the survey, does not encourage risk-taking and innovation. Although PSBs control 70% of India’s banking market, they lag considerably in performance metrics when compared to their peers. The proposal comes when the Indian Banks’ Association and bank unions have been negotiating wage increases.
8:48 AM
Blogger
“Wilful defaults if unchecked would increase the cost of borrowing for everyone else, including genuine businesses with profitable investment opportunities before them,” said the survey. “In fact, at high enough credit spreads, adverse selection may force genuine borrowers to exit the market altogether, leaving only cronies in the market and resulting in a market failure that slows economic growth, employment and wealth creation capacity.”
8:48 AM
Blogger
With data and analytics taking the centre stage in almost all industries, state-run banks can pool all their data into one entity like in the case of GST Network, to improve their analytical capabilities that could provide them an edge over their private peers. Data sciences, machine learning and artificial intelligence could help the banks, which have more than 70% market share, to make a difference to the economy.
7:46 PM
Blogger
7:46 PM
Blogger
7:46 PM
Blogger
7:46 PM
Blogger
7:46 PM
Blogger
7:16 PM
Blogger
6:46 PM
Blogger
6:46 PM
Blogger
5:16 PM
Blogger
4:17 PM
Blogger
4:17 PM
Blogger
4:17 PM
Blogger
4:16 PM
Blogger
3:18 PM
Blogger
The country's largest lender State Bank of India (SBI) on Friday reported a 41 per cent jump in net profit to Rs 6,797.25 crore in the October-December quarter this fiscal compared to Rs 4,823.29 crore in the year-ago period.
2:46 PM
Blogger
2:46 PM
Blogger
12:16 PM
Blogger
11:16 AM
Blogger
8:48 AM
Blogger
The move comes after the government and RBI faced flak over their handling of the closure of PMC Bank.
8:48 AM
Blogger
FB looks to roll out payments in many countries even as licence application remains stuck in India.
8:48 AM
Blogger
The government has held several meetings with the insurance regulator, insurers and consultants on higher FDI in the sector. Many global insurers, such as Metlife and Generali, have not raised their stakes in Indian operations due to the clause that was introduced in 2015.
7:17 AM
Blogger
6:48 AM
Blogger
8:08 PM
Blogger
7:41 PM
Blogger
Bank unions have decided to go on a two-day nationwide strike from Friday as talks with management of public sector lenders on wage revision have failed to reach a consensus.
7:38 PM
Blogger
7:08 PM
Blogger
5:42 PM
Blogger
Private sector lender Kotak Mahindra Bank on Thursday said it will withdraw a case concerning dilution of promoters' shareholding in the bank which it had filed against the RBI in the Bombay high court.
5:11 PM
Blogger
As per the RBI's norms, debt exposure of an NBFC in a project cannot exceed 25 per cent. The exposure of Power Finance Corporation (PFC) and REC as a merged entity would exceed the limit of 25 per cent in any existing project as the two firms have been financing power sector projects. After the merger, the new entity will be required to reduce its exposure.
4:38 PM
Blogger
4:38 PM
Blogger
4:11 PM
Blogger
The bank will withdraw its writ petition filed in the Bombay High Court after the RBI gave in principle approval to Kotak Mahindra Bank's proposal on promoters' shareholding dilution.
3:41 PM
Blogger
Microfinance is showing early signs of loans going bad en masse. And the problem is complicated by aggressive strategies of larger lenders.
3:08 PM
Blogger
3:08 PM
Blogger
1:04 PM
Blogger
12:38 PM
Blogger
12:38 PM
Blogger
11:38 AM
Blogger
10:38 AM
Blogger
10:38 AM
Blogger
9:42 AM
Blogger
Kapil Wadhawan had allegedly siphoned off Rs 12,773 crore bank money with the help of 79 shadow entities, according to the Enforcement Directorate . ED officials are trying to trace the money trail by investigating details of the shadow entities.
9:04 AM
Blogger
8:11 AM
Blogger
The agency, probing arrested promoter of the embattled home financier Kapil Wadhawan, told a Prevention of Money laundering Act (PMLA) court that the Wadhawans had allegedly used a part of these funds to pay the late drug lord Iqbal Memon, alias Iqbal Mirchi. The agency arrested Kapil Wadhawan on Monday. His brother, Dheeraj, is out on bail.
7:12 AM
Blogger
6:34 AM
Blogger
10:11 PM
Blogger
Mumbai, Jan 29 () The Reserve Bank of India (RBI) on Wednesday appointed its Executive Director Janak Raj as member of the Monetary Policy Committee (MPC), the highest interest rate setting body.
10:11 PM
Blogger
Regulator Irdai has imposed a penalty of Rs 1 crore each on ICICI Lombard GIC and Tata AIG General Insurance Company for violation of various norms.
10:11 PM
Blogger
The RBI had issued a notice to the bank to show cause as to why penalty should not be imposed for non-compliance with the direction. After considering the reply received from the bank and oral submissions made in the personal hearing, the RBI came to the conclusion that imposition of monetary penalty was warranted, the release said.
9:38 PM
Blogger
9:08 PM
Blogger
9:08 PM
Blogger
8:41 PM
Blogger
United Forum of Bank Unions, the umbrella organisation of nine leading bank associations, demanded 20% wage hike on pay slip components, as articulated by IBA in its letter, a copy of which is in ET's possession. The unions are also demanding five-day banking and merger of special allowance with basic pay, among others.
7:38 PM
Blogger
7:08 PM
Blogger
5:12 PM
Blogger
Market benchmark sensex rallied 231.80 points on Wednesday, driven by gains in index heavyweights HDFC Bank, ITC, RIL and Infosys. The 30-share BSE index settled 231.80 points, or 0.57 per cent, higher at 41,198.66. It hit an intra-day high of 41,334.86 and a low of 41,108.19.
4:11 PM
Blogger
It’s in our human nature to procrastinate – be it for want of something better or simply because of our hesitation in taking a decision. Like Mr. Late Lateef...
3:38 PM
Blogger
3:38 PM
Blogger
3:08 PM
Blogger
2:08 PM
Blogger
11:38 AM
Blogger
11:11 AM
Blogger
After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactions, which would have meant significant revenue loss for its owner National Payments Corporation of India (NPCI), the two parties have reached an understanding for now.
11:04 AM
Blogger
11:04 AM
Blogger
11:04 AM
Blogger
9:38 AM
Blogger
8:04 AM
Blogger
7:11 AM
Blogger
Finance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘three Cs’ refer to the CBI, Comptroller and Auditor General of India and the CVC. Sitharaman also assured bankers that a distinction would be made between genuine commercial failure and deliberate wrongdoing.
3:04 AM
Blogger
2:04 AM
Blogger
2:04 AM
Blogger
2:04 AM
Blogger
11:11 PM
Blogger
The size of the capital infusion could be in the range of Rs 10,000-15,000 crore, which would be spread over a span of five years. Capital infusion in RRBs assumes importance as the government is finding ways to boost credit to the farm sector.
10:34 PM
Blogger
9:38 PM
Blogger
9:08 PM
Blogger
8:08 PM
Blogger
8:04 PM
Blogger
8:04 PM
Blogger
7:38 PM
Blogger
7:08 PM
Blogger
6:38 PM
Blogger
6:04 PM
Blogger
6:04 PM
Blogger
5:41 PM
Blogger
"I would like to resign as an independent director of the bank with effect from January 27, 2020. Given an entity owned and controlled by me has made an application to the RBI for a universal banking license, I felt it was -- in the interest of propriety and corporate governance -- only appropriate that I stepped down from this role," Bansal said.
5:08 PM
Blogger
4:08 PM
Blogger
1:38 PM
Blogger
1:08 PM
Blogger
9:11 AM
Blogger
The way we work is changing into much more agile, product-driven teams and that requires technology to be deeply embedded in our way of thinking.
9:11 AM
Blogger
The number of debit cards has stagnated at 900 million, while the number of UPI transactions — nearly doubling every month until 2018 — has also stabilised at singledigit monthly growth rates.
11:51 PM
Blogger
10:17 PM
Blogger
"Given the fact that there are some indicators like the watch-list coming down, in terms of size, I can say with a reasonable degree of confidence that the slippage levels should be lower going forward," Chadha, who took over the charge last week told in an interview.
10:10 PM
Blogger
10:10 PM
Blogger
10:10 PM
Blogger
9:17 PM
Blogger
The security feature will scan the apps installed on the user device and will pop-up a security alert whenever a dangerous app is found that may put the users' accounts at risk. No transactions will be possible until the user uninstalls that fraudulent app.
9:17 PM
Blogger
The meeting before Chief Labour Commissioner on Monday remain inconclusive so unions did not take back strike notice, AIBOC president Sunil Kumar said. The wage revision for employees of public sector banks is pending since November 2017.
9:10 PM
Blogger
9:10 PM
Blogger
7:40 PM
Blogger
5:40 PM
Blogger
5:40 PM
Blogger
5:40 PM
Blogger
5:22 PM
Blogger
Mortgage lender HDFC Ltd on Monday reported a 24.3 per cent rise in consolidated net profit to Rs 4,196.48 crore for the third quarter ended December 2019.
4:10 PM
Blogger
4:10 PM
Blogger
2:17 PM
Blogger
Responding to an RTI query, the central bank said a total of 181 fraud cases involving Rs 127.7 crore were noticed during 2018-19. A total of 99 and 27 such cases involving Rs 46.9 crore and Rs 9.3 crore were reported during 2017-18 and 2016-16 respectively, it said. As many as 187 cases of fraud involving Rs 17.3 crore were reported in 2015-16.
1:51 PM
Blogger
1:51 PM
Blogger
12:40 PM
Blogger
12:40 PM
Blogger
11:40 AM
Blogger
8:47 AM
Blogger
Lenders are also required to inform the central registry of any change to a security interest and when such loans are paid off. They will have to file details of any order of attachment passed in their favour by any court or government authority.
4:51 AM
Blogger
3:51 AM
Blogger
1:51 AM
Blogger
9:40 PM
Blogger
9:17 PM
Blogger
The author of "Good Economics for Hard Times" added that the slowdown in the economy will also adversely impact poverty alleviation in the country as urban and rural sectors are interdependent.
9:10 PM
Blogger
9:10 PM
Blogger
7:40 PM
Blogger
11:51 AM
Blogger
6:51 AM
Blogger
4:51 AM
Blogger
4:21 AM
Blogger
2:21 AM
Blogger
2:21 AM
Blogger
RSS Feed
Twitter
