Bank branches to provide only essential services from March 23: IBA

The essential services such as cash deposits and withdrawals, clearing of cheques, remittances and government transactions

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

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PSB employees irked over 'omission' of regular branches in Covid-19 prevention circulars

"Such undue differential treatment has created sharp resentment in the minds of staff members. Regular footfall at the branches are far greater.... Branches are more exposed to public contact and, therefore, more vulnerable in terms of getting affected by this deadly disease, said Shubhajyoti Chattopadhyay, the general secretary of SBI Officers Association (Bengal Circle).

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

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Back to Basics: Taking account of financial health

The Yes Bank debacle has brought the focus back on the book-keeping practices of private lenders.

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

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Banks seek more time over bad loan classification

Banks have asked the regulator to allow more time before labelling a loan as bad debt, and they sought longer deadlines to meet certain capital standards as the coronavirus pandemic derails businesses, sparking concern over the financial health of banks.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3aboPSt

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RBI extends regulatory restrictions on PMC Bank by 3 months

The RBI had put a six-month regulatory restriction on the bank on September 23, 2019, after finding out certain financial irregularities, hiding and misreporting of loans given to real estate developer HDIL.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2J4U9Xd

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