EPFO meet to discuss hike in minimum pension

While the Central Trade Unions have demanded a hike of up to ₹6,000 from the current ₹1,000, the CBT may take it up to ₹3,000 from Business Line - Money & Banking https://ift.tt/3mSoo...

Read more »

I-T department probes into alleged irregularities at Urban Credit Cooperative Bank

Multiple bank accounts were opened without following KYC norms from Business Line - Money & Banking https://ift.tt/3H83S...

Read more »

IT department freezes Rs 53-crore deposits of Maharashtra-based urban cooperative bank

"More than 1,200 new bank accounts were opened in the said branch without PAN (permanent account number)," the Central Board of Direct Taxes, which frames policy for the tax department, said in a statement. from Banking/Finance-Industry-Economic Times https://ift.tt/3GWDQ...

Read more »

IndusInd Bank says whistleblower claims baseless; gave 84k loans sans client consent in May

On Friday, there was a media report about anonymous whistleblowers writing to the bank management and the RBI about BFIL allegedly resorting to evergreening of loans from Business Line - Money & Banking https://ift.tt/3CUGv...

Read more »

Indusind Bank says whistleblower claims baseless; gave 84,000 loans sans client consent in May

At the end of September, 26,073 of these 84,000 clients were active with the loan outstanding at Rs 34 crore, which is 0.12 per cent of the September-end portfolio, the bank said, adding that it carries necessary provisions against the loans. from Banking/Finance-Industry-Economic Times https://ift.tt/3mNtb...

Read more »

Muthoot Finance logs 8% increase in net profit to Rs 1002.9 crore

Consolidated loan assets under management of Muthoot increased 5% on a sequential basis to Rs 60,919 crore. from Banking & Finance – The Financial Express https://ift.tt/3GYIe...

Read more »

Dhanlaxmi Bank Q2 net plunges 74% as bad assets rise

Provisions and contingencies have increased by 422% to Rs 22.40 crore, as against Rs 4.29 crore in the year-ago period. from Banking & Finance – The Financial Express https://ift.tt/3ET43...

Read more »

Banks make higher-than-required provisions for Srei Group exposure

DHFL resolution, healthy Q2 profits provide elbow room from Business Line - Money & Banking https://ift.tt/3bHox...

Read more »

Muthoot Finance sees net profit grow 11% to ₹994 crore in Q2

Consolidated profit was ₹1,002 crore against ₹979 crore in the previous fiscal from Business Line - Money & Banking https://ift.tt/3BPcW...

Read more »

Bandhan Bank eyes reduction in microfinance loans

The bank plans to grow the share of individual loans as a part of its strategy to diversify its asset mix from Business Line - Money & Banking https://ift.tt/3q7VE...

Read more »

Bad-loan time bomb ticking at IndusInd Bank subsidiary, Whistleblowers warns: ET Reports

from Banking/Finance-Industry-Economic Times https://ift.tt/3010L...

Read more »

Crypto exchanges launch crypto gift cards

CrossTower has also introduced an e-gift card feature that allows its users to gift cryptocurrencies of their choice to friends and families from Business Line - Money & Banking https://ift.tt/2ZWwD...

Read more »

Dollar in driver's seat as payrolls loom; sterling staggers

The dollar index, which measures the greenback against a basket of six rivals, was steady at 94.327 after rallying 0.51 per cent overnight from Business Line - Money & Banking https://ift.tt/3qb2H...

Read more »

Paytm signs up over 100 institutional investors for IPO

The company said it has allocated shares worth ₹82.35 billion from Business Line - Money & Banking https://ift.tt/3GQfi...

Read more »

Mid-size firms, retail lead the charge in credit rebound

Bank credit rose 6.8% in October, compared with 5.1% in the same period a year ago, show the latest figures published by the Reserve Bank of India (RBI). from Banking/Finance-Industry-Economic Times https://ift.tt/3mKWb...

Read more »

ESG-linked fund mop-up may surge to a record this year

Companies including Adani Green Energy, JSW Hydro Energy, Axis Bank, Shriram Transport Finance, Power Finance Corporation and Greenko have collectively raised $7.24 billion this calendar year so far through ESG-compliant papers. from Banking/Finance-Industry-Economic Times https://ift.tt/3mNMw...

Read more »

Whistleblowers raise loan evergreening issue at IndusInd arm

These alleged transactions to dress-up the books have damaged the micro-lending business built over the years and could even trigger political backlash, the group warned in at least two emails to IndusInd's Bank CEO Sumant Kathpalia, some independent directors and RBI officials between October 17 and 24. from Banking/Finance-Industry-Economic Times https://ift.tt/3CNfE...

Read more »

H1FY22 report: Poor corporate loan growth, thin margins hit big banks’ NIIs

Deposit rate cuts have been less frequent so far this year and with lending rates continuing to trend down, NIIs have come under pressure, bankers said. from Banking & Finance – The Financial Express https://ift.tt/3k7og...

Read more »

Investec Capital sets up its maiden credit alternative investment fund in India

The Emerging India Credit Opportunities Fund I will aim to raise up to Rs 1,000 crore. The fund will typically target senior, secured credit investments in India-focused mid-market businesses with expertise in niche segments. from Banking/Finance-Industry-Economic Times https://ift.tt/3mJ9H...

Read more »

Pratip Chaudhuri's arrest: SBI's Dinesh Khara says former banker wasn't given a chance to be heard

The Indian banking industry is in a state of shock after Jaisalmer police arrested Chaudhuri following a complaint from a defaulter who lost his property during a resolution process. Chaudhuri was SBI chairman between April 7, 2011 and September 30, 2013. from Banking/Finance-Industry-Economic Times https://ift.tt/3EHPL...

Read more »

SBI Q2 earnings: State Bank of India’s profit soars 67% as provisions slide

“The first quarter saw an elevated level of fresh slippages as collections were severely impacted due to restrictions on mobility and concerns around health and safety of our staff as well as customers. However, our ground level forces have rallied back in the second quarter,” Khara said. from Banking & Finance – The Financial Express https://ift.tt/3CIS0...

Read more »

Uday Kotak cautions equity investors of risks ahead

Considering the surge in the number of retail investors, he also advised investors to plan both risks and returns during investing in the markets, taking into account the challenges that may occur in the times ahead. from Banking & Finance – The Financial Express https://ift.tt/3BFBv...

Read more »

Central Bank of India may exit PCA next year after RBI revises norms

The lender’s asset quality also improved in the reporting quarter with gross and net bad loans ratio falling to 15.52% and 4.51%, respectively, as on September-end, from 17.36% and 5.60%, respectively, a year ago. from Banking & Finance – The Financial Express https://ift.tt/3k1AP...

Read more »

Bank credit picks pace as economy revives

Bank credit rose 6.8 per cent in October compared to 5.1 per cent in the same period a year ago, according to the latest figures released by the Reserve Bank of India on Wednesday. Outstanding credit amounted to Rs 110.5 lakh crore as of October 22, up Rs 7 lakh crore over a year. from Banking/Finance-Industry-Economic Times https://ift.tt/3w9XD...

Read more »

Credit offtake pickes up over the last two fortnights

SBI Chair says corporates too have started planning for future investments from Business Line - Money & Banking https://ift.tt/2ZNGg...

Read more »

Infibeam’s CCAvenue brings TokenPay for RBI-compliant ‘saved card transactions’

It works across all major card networks, including MasterCard, RuPay, and Visa. from Business Line - Money & Banking https://ift.tt/3k5am...

Read more »

State Bank of India's record profit led by retail loan growth, higher provisions

Chairman Dinesh Khara expressed confidence that the bank will keep up the growth momentum in line with the economic growth which will also pull up the so far shrinking corporate loan book. India's largest lender is hoping to grow its loan book by 10% this fiscal end March 2022. from Banking/Finance-Industry-Economic Times https://ift.tt/3EG54...

Read more »

Visa invites startups in Asia Pacific to build next generation digital payment capabilities

Payments major Visa is looking for startups from across the Asia Pacific to join the second cohort of their accelerator program. “The Visa Accelerato from Business Line - Money & Banking https://ift.tt/3q0fq...

Read more »

RBI to identify vulnerabilities in business models of supervised entities’

The central bank’s commitment takes into account national commitments, priorities and complexity of the financial system from Business Line - Money & Banking https://ift.tt/3q4U3...

Read more »

Confident that Chaudhuri will be released unconditionally: SBI chairman Dinesh Khara

Khara described the arrest as "unfortunate" and expressed confidence that his predecessor will be released unconditionally without any charges. from Banking/Finance-Industry-Economic Times https://ift.tt/3nWLf...

Read more »

Lenders expect pick up in credit demand in H2FY22

Q2 numbers show rise in disbursals from Business Line - Money & Banking https://ift.tt/3BKhx...

Read more »

Deepawali picks for the year - 2021’22

from Banking/Finance-Industry-Economic Times https://ift.tt/3jX5i...

Read more »

Promoter-investor tussle hits Spandana Sphoorty MFI

The board of Spandana has accepted MD Padmaja G Reddy's resignation with immediate effect. It will be hiring an eminent industry veteran as its new MD & CEO, and construct a new management committee, it announced in a stock exchange filing late evening Tuesday. from Banking/Finance-Industry-Economic Times https://ift.tt/2YcmF...

Read more »

SBI reports 67% jump in Q2 net profit at ₹7,627 crore

Gross non-performing assets down by ₹10,318 crore at ₹1,23,942 crore from Business Line - Money & Banking https://ift.tt/3nSbH...

Read more »

U GRO Capital Q2 net profit down 80%

Reports highest ever disbursements in September 2021 from Business Line - Money & Banking https://ift.tt/3CGrM...

Read more »

RBI panel spells out norms to streamline functioning of ARCs

‘Banks and other investors could recover only about 14% of the amount owed by their borrowers’ from Business Line - Money & Banking https://ift.tt/3nT7q...

Read more »

IBC needs a stronger push: Crisil

Reforms must stress quicker resolution and maximise recovery, the credit rating agency said in a study from Business Line - Money & Banking https://ift.tt/3nWns...

Read more »

Ten commandments of wealth creation

Debt should be used sparingly for assets that appreciate or allow you to make more money. For example, a home loan or an education loan makes sense. Using debt for consumables or things that go down in value does not make sense. from Banking/Finance-Industry-Economic Times https://ift.tt/3pWIJ...

Read more »

CCI approves HDFC Life’s 100 per cent acquisition of Exide Life Insurance

Move to help HDFC Life strengthen its presence in South India from Business Line - Money & Banking https://ift.tt/3mEv9...

Read more »

Goldman Sachs promotes 30 executives as MDs in India, the largest ever in the country

Globally, the promotions this year are reflective of the firm’s strategic priorities, including investments in core businesses (investment banking division and global markets); growth strategies (asset management, consumer and engineering); and strategic locations (particularly Bengaluru, Salt Lake City and Dallas), the company said. from Banking/Finance-Industry-Economic Times https://ift.tt/3nZ1f...

Read more »

More bankers express concern over ex-SBI chairman Pratip Chaudhuri's arrest

​​“I do not know the facts of the case but, based on what I have read, we really need to have a criminal justice system which protects bona fide actions by bankers for recovery of their money,” said veteran banker Uday Kotak, adding that there has to be a method by which that action has to be protected. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZJNd...

Read more »

Citibank to focus on institutional banking in India, to offer lease rental discounting

LRD is a globally popular credit instrument offered against rental receipts. This will likely ease the funds crunch in the real estate sector, hit hard by the pandemic. The bank will be setting up a separate team and infrastructure for this service line. from Banking/Finance-Industry-Economic Times https://ift.tt/3nVGC...

Read more »

RBI tweaks norms for initiating prompt corrective action against banks

Earlier, a bank was liable to be identified for initiation of PCA under risk threshold 1, if it had a negative ROA for two consecutive years, under risk threshold 2 if its ROA was negative for three consecutive years, and under risk threshold 3 if the ROA was negative for four consecutive years. from Banking & Finance – The Financial Express https://ift.tt/3bCqq...

Read more »

Pratip Chaudhuri's arrest: New rules say police needs prior nod to act against PSU officials

The Department of Personnel & Training circular, published about a couple of months ago and after the arrest of Bank of Maharashtra executives in another NPA case, had laid down standard operating procedures (SOPs) for action against government officials from Banking/Finance-Industry-Economic Times https://ift.tt/2YbdB...

Read more »

Bank of India Q2 PAT rises 99.9% on lower provisions, higher other income

The lender’s total provisions before tax fell 56.3% year on year (YoY) to Rs 894 crore in the July-September period. from Banking & Finance – The Financial Express https://ift.tt/3nVSd...

Read more »

SBI former chairman arrest matter in court, Govt can't intervene

The due process of law would have to be followed and there is very little the government can do, people privy to the development said. from Banking/Finance-Industry-Economic Times https://ift.tt/3wd5D...

Read more »

Updating credit assessment: Banks eye common social, climate framework

Banks to include climate risk as part of risk management policy. IBA to coordinate for a common framework. from Banking/Finance-Industry-Economic Times https://ift.tt/3BQ90...

Read more »

RBI chief Shaktikanta Das asks bank heads to remain vigilant

He also urged them to continue providing necessary support as the revival is still fragile. from Banking/Finance-Industry-Economic Times https://ift.tt/2Y7ms...

Read more »

Stressed asset sales should take place earlier: RBI report

The RBI-appointed committee also recommended that the minimum net owned funds requirement for asset reconstruction companies should be doubled to two billion rupees. from Banking/Finance-Industry-Economic Times https://ift.tt/3ExVP...

Read more »

RBI spells out rules for a bank to exit prompt corrective action framework

​​A bank is generally placed under the framework based on the audited annual financial results. However this does not bar RBI from imposing restrictions on any bank during the course of a year in extreme cases. from Banking/Finance-Industry-Economic Times https://ift.tt/3GJfN...

Read more »

PNB Housing Finance board approves Rs 2000 crore fundraising plan

The mortgage lender said it would also be evaluating other alternatives to raise capital. Its capital adequacy ratio stood at 20.7% at the end of September, higher than regulatory stipulation of 15%. “The primary objective is to raise capital to support the growth of the company,” the company said. from Banking/Finance-Industry-Economic Times https://ift.tt/3w7yx...

Read more »

RBI gearing up to fintech challenge, asks banks to be vigilant too

Banks need to be agile and creative to stay ahead of the digital curve, but banks will have to align their products in compliance with existing laws and regulations. from Banking/Finance-Industry-Economic Times https://ift.tt/3w7lu...

Read more »

Sundaram Finance Holdings seeks to consolidate foundry business

Plans additional investment of €2 million in Italian arm from Business Line - Money & Banking https://ift.tt/3nRZj...

Read more »

Shiba Inu, Dogecoin most-traded cryptos in India

Surpass Bitcoin, Ethereum in trading volumes between April and October from Business Line - Money & Banking https://ift.tt/2ZIZe...

Read more »

Banks sanction Rs 63,574 cr under credit outreach initiative: Finance Ministry

Similar outreach programmes were held between October 2019 and March 2021 by banks and fulfilled all kinds of credit requirements of the RAM sector (Retail, Agriculture and MSME). from Banking/Finance-Industry-Economic Times https://ift.tt/3GKF3...

Read more »

Bank of India Sep Q2 profit soars nearly 100% to ₹1,051 cr

On a sequential basis, net profit improved by 45.97 per cent from Business Line - Money & Banking https://ift.tt/3wa54...

Read more »

Niyogin Fintech to invest Rs 100 crore; gross transaction value crosses Rs 2,000 crore

The company caters to India’s underserved MSMEs and rural individuals and is engaged in diversified segments such as rural tech, credit and wealth tech. It also operates on a hybrid model where it provides technology solutions across its different segments to its partners, who in turn handle the physical leg of customer servicing for a revenue share. from Banking/Finance-Industry-Economic Times https://ift.tt/3EG0Y...

Read more »

SBI launches pre-approved two-wheeler loan scheme ‘SBI Easy Ride’

Customers can apply for the Easy Ride loan for an amount up to ₹3 lakh at an interest rate of 10.5 per cent per annum onwards from Business Line - Money & Banking https://ift.tt/3BxvD...

Read more »

Bank of Baroda signs MoU with NCDEX e-Markets

To become a “clearing bank” for handling financial transactions in NeML marketplace from Business Line - Money & Banking https://ift.tt/3pZrz...

Read more »

Bank of India standalone net profit almost doubles to ₹1,051 cr in Q2

Performance boosted by robust growth in other income and steep decline in loan loss provisions from Business Line - Money & Banking https://ift.tt/31djk...

Read more »

We remain optimistic on growth, says ICICI Lombard CEO

No revision in TP motor rates is a concern from Business Line - Money & Banking https://ift.tt/3CGyw...

Read more »

PhonePe launches tokenisation solution

PhonePe SafeCard supports all major card networks from Business Line - Money & Banking https://ift.tt/2Y6al...

Read more »

NPA position of Indian Banks indicates gradual improvement: CARE Ratings

GNPA ratio has improved to 6.97% as at September-end 2021 from Business Line - Money & Banking https://ift.tt/31bUy...

Read more »

ICICI Lombard ties up with Vega Helmets

To offer personal accident insurance cover on every online purchase of Vega helmet from Business Line - Money & Banking https://ift.tt/3bzQh...

Read more »

Kerala Financial Corporation announces special loans for MSMEs

To help execute work orders, discount pending bills from Business Line - Money & Banking https://ift.tt/3mAPZ...

Read more »

Former SBI chairman Pratip Chaudhuri's arrest: Bankers shocked over ‘high-handed’ move

There was reportedly no notice or formal summons in a decade-old soured-loan case which has shaken the banking sector, stoking concerns the incident could delay decision making in multi-billion-dollar recovery initiatives of several lenders. from Banking/Finance-Industry-Economic Times https://ift.tt/3BG44...

Read more »

Deutsche Bank ready to be NPS custodian for just Rs 100 per year

The existing custodian, Stock Holding Corporation of India, a large depository participant owned by public financial institutions, charges close to ₹19 crore for the job. Other institutions in the race for the custody mandate of the National Pension Scheme (NPS) have quoted fees of more than ₹1crore. from Banking/Finance-Industry-Economic Times https://ift.tt/3ECTe...

Read more »

Bandhan Bank gets empanelled as agency bank of RBI

As an agency bank of the RBI, authorised to undertake government business, the bank will be able to handle transactions related to collection of state taxes and revenue receipts such as the GST and VAT; collection of stamp duty and pension payments on behalf of the central and state governments. from Banking & Finance – The Financial Express https://ift.tt/3myls...

Read more »

Unity Bank begins operations, paving way for merging PMC

The 12th small finance bank begins operations with over Rs 1,100 crore of equity capital, over 2 lakh customers and an asset base of over Rs 2,400 crore which comes from the existing MSME and MFI credit business of the Centrum Group, Jaspal Bindra, group executive chairman and also the non-executive chairman of Unity Bank, told PTI on Monday. from Banking/Finance-Industry-Economic Times https://ift.tt/3EGEP...

Read more »

Yes Bank appoints Sharad Sharma as non-executive director

​​He was Managing Director of State Bank of Mysore during the period from August, 2012 to April 2016, where he was seconded from State Bank of India (SBI). from Banking/Finance-Industry-Economic Times https://ift.tt/3CCBz...

Read more »

Banks face pressure on NIM as they lower rates to outsmart rivals

Five of the seven state-owned banks that have announced their quarterly earnings so far have reported lower NIM for the September quarter. These banks, however, managed to report a rise in net profit largely on account of bad loan recovery and write-back of provision made in earlier quarters. from Banking/Finance-Industry-Economic Times https://ift.tt/31bsi...

Read more »

Insurance claim liable to be rejected if lapsed on account of non-payment of premium: SC

The top court was hearing an appeal filed by the LIC against NCDRC judgement that had set aside the order passed by the State Commission from Business Line - Money & Banking https://ift.tt/3GFzj...

Read more »

HDFC reports 31.7% jump in standalone net profit in Q2

Its total income increased by 4.2% to ₹12,226.39 crore; Demand for home loans remain strong from Business Line - Money & Banking https://ift.tt/3w4Lc...

Read more »

Insurance claim liable to be rejected if lapsed on account of non-payment of premium: SC

An insurance claim can be rejected if the policy has lapsed on account of non-payment of premium, said the Supreme Court which stressed that the terms of an insurance policy have to be strictly interpreted. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZOjL...

Read more »

Aditya Birla Capital reports 43% jump in Q2 net profit

Marks its highest ever consolidated quarterly profit from Business Line - Money & Banking https://ift.tt/3w5Nj...

Read more »

Muthoot Finance launches ‘special Diwali Dhamaka’ campaign

The offer comes with a host of value-added benefits from Business Line - Money & Banking https://ift.tt/3GEkw...

Read more »

Former SBI Chairman Pratip Chaudhuri arrested in loan scam case

The case is related to a hotel property owned by Godawan group that SBI seized after it was declared as a NPA from Business Line - Money & Banking https://ift.tt/3jUf9...

Read more »

SBI issues clarification on Pratip Chaudhuri, points to 'factual inaccuracies in complainant's version'

The State Bank of India has issued a clarification in the alleged loan scam case involving former Chairman Pratip Chaudhuri,says the asset in focus was sold with due process in March 2014, after Chaudhuri retired from the bank in Sep 2013. The company further says that there are factual inaccuracies in the complainant’s version submitted to the court and that the bank was never a party to it. from Banking/Finance-Industry-Economic Times https://ift.tt/3jXNy...

Read more »

HDFC Q2 results: Net profit rises 32% YoY, beats Street’s estimate

The non-bank lender’s total revenue from operations rose 4.1 per cent on-year to Rs 12, 215.95 crore in the quarter. from Banking/Finance-Industry-Economic Times https://ift.tt/3bsS0...

Read more »

Banks look to attract more home loan customers during festive season

Most banks have announced reduction in home loans interest rates even as rates for other loans have been left more or less unchanged from Business Line - Money & Banking https://ift.tt/3BKEJ...

Read more »

HDFC Q2 net profit up 32%

The net interest income for the half year ended September 30 stood at ₹8,255 crore from Business Line - Money & Banking https://ift.tt/3GHgj...

Read more »

UPI hits new record with ₹7.71-lakh crore worth of transactions in October

This was a 56% jump from ₹6.54 lakh crore worth transactions in September from Business Line - Money & Banking https://ift.tt/3CAUK...

Read more »

Bandhan Bank now an Agency Bank of RBI, to conduct govt business

The Reserve Bank of India has now appointed Bandhan Bank as an Agency Bank of the RBI to conduct government business. from Banking/Finance-Industry-Economic Times https://ift.tt/3pVRg...

Read more »

Capri Global Capital Q2 standalone net dips 21% to ₹41 crore

Growth in total expenses outstrip growth in total income from Business Line - Money & Banking https://ift.tt/3BK5f...

Read more »

Lenders fuel higher consumer spending in India with easy credit

Businesses are expecting sales during Diwali will pick up to levels seen before the pandemic struck early last year. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZHrr...

Read more »

RBI extends validity of Kapol Co-operative Bank

The Central bank has extended the validity by six months up to April 30, 2022 from Business Line - Money & Banking https://ift.tt/3GHhZ...

Read more »

Policybazaar founders to cut sale of own shares in IPO by 85-90%

Sources aware of the matter said the increased interest in tech IPOs and the headroom for further growth in its business as well as likely valuation after the share sale led to the founders reducing their OFS by 85-90% by value. from Banking/Finance-Industry-Economic Times https://ift.tt/31e5E...

Read more »

Surge in non-Covid health cover claims, average ticket size: ICICI Lombard CEO

Covid-related claims fall as 2nd wave ebbs from Business Line - Money & Banking https://ift.tt/2ZEUR...

Read more »

Axis AMC raises Rs 400 crore via Growth Avenues AIF-I

The fund has achieved the first close with investments from family offices, high networth individuals (HNIs) and non-resident Indians (NRIs). The fund will be investing primarily in mid-to-late stage technology-enabled companies with scaleable business models and a favourable risk-return profile. The sector-agnostic fund will be investing in companies catering to latent demands with multiyear growth potential and differentiated business model. from Banking/Finance-Industry-Economic Times https://ift.tt/3GBCj...

Read more »

Kirloskar Ferrous makes ISMT a Rs 670 crore non-binding offer

The non-binding offer equates to 20 paise on a rupee on total loans, including the interest component. ISMT had a term loan of Rs 3,359 crore, including interest, as of June 30, 2020, according to a disclosure made by the company to the Bombay Stock Exchange. from Banking/Finance-Industry-Economic Times https://ift.tt/2ZJvN...

Read more »

SBI research sees higher job formalisation rate this fiscal

It asked the government to ensure that the existing tax structure is favourable to the taxpaying population, which constituted 8.5% of the total population and cross-subsidised 91.5% of the population. from Banking/Finance-Industry-Economic Times https://ift.tt/3q27h...

Read more »

PSBs told to revise staff accountability policies for NPAs

The new guidelines - Staff Accountability Framework for NPA Accounts up to ₹50 crore (Other than Fraud Cases) - are aimed to protect the commercial decisions taken by bank employees and quicker resolution of vigilance cases taking into account the past track record of such staff. from Banking/Finance-Industry-Economic Times https://ift.tt/3CJxf...

Read more »

To ease lending, FinMin moves to boost bankers’ morale, growth

Broad guidelines issued on staff accountability for NPAs up to ₹50 cr from Business Line - Money & Banking https://ift.tt/31keT...

Read more »

IBA welcomes proposed staff accountability norms

Revised norms from April 1, 2022, a morale booster, says the association from Business Line - Money & Banking https://ift.tt/3mxxb...

Read more »

Ujjivan Financial Service okays amalgamation with Ujjivan SFB

Subject to approval of Reserve Bank of India, SEBI, NCLT and public shareholders from Business Line - Money & Banking https://ift.tt/3bq95...

Read more »

Benchmark yield can breach the 6.4% mark

Lack of RBI support may push it higher, say dealers from Business Line - Money & Banking https://ift.tt/3nIZe...

Read more »

Why gold loans continue to glitter in these trying times

As economy unlocks, micro enterprises, individuals are turning to gold loans for working capital, personal needs from Business Line - Money & Banking https://ift.tt/2ZDy9...

Read more »

Finance Ministry issues uniform norms for accountability to protect bonafide decision of bankers

​​Stressing that the new guidelines will surely boost the morale of the PSBs employees immensely, it said banks will have to complete staff accountability exercise within six months from the date of classification of the account as NPA. from Banking/Finance-Industry-Economic Times https://ift.tt/2Y521...

Read more »

60 per cent of Indian shoppers used digital payments multiple times each week during festive season: Report

Concerns over digital payments fraud have decreased from Business Line - Money & Banking https://ift.tt/3CBkc...

Read more »

Stressed PMC Bank customers not to get Rs 5 lakh deposit cover in first lot: RBI

The Reserve Bank of India (RBI) had imposed restrictions on the withdrawal of deposits from these stressed banks. Of the 20 banks, 10 are from Maharashtra, five from Karnataka, and one each from Uttar Pradesh, Kerala, Rajasthan, Madhya Pradesh, and Punjab. from Banking/Finance-Industry-Economic Times https://ift.tt/3EzNR...

Read more »

Indian Bank reports ₹266.73 crore worth of fraud to RBI

Nature of fraud for all three accounts has been specified as “Diversion of funds” from Business Line - Money & Banking https://ift.tt/3w2jQ...

Read more »

Confident that NPAs will reduce ‘substantially’ in next few months: Bandhan Bank

The bank on Friday reported a whopping net loss of Rs 3,008.59 crore for the second quarter on the back of Rs 5,577.92 crore provisions as the lender saw a huge surge in bad loans. from Banking & Finance – The Financial Express https://ift.tt/3GFPX...

Read more »