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- Tuesday 25 Feb 2020
banks
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RBI asks issuers to provide facility to switch on, off cards to prevent frauds
Mumbai: The RBI on Wednesday asked banks and other card-issuing companies to provide a facility to customers to switch on and off their debit or credit cards, a…
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Banking sector net NPA may improve to 3.2% by FY20 end: ICRA report
Mumbai: Aided by better recoveries and declining slippages, overall net non-performing assets (NPAs) of the banking sector are likely to improve to 3.2-3.3 per cent by the end…
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Merger of banks is fatal to economy: Amarjeet Kaur
Mangaluru: All India Trade Union Congress (AITUC) National General Secretary, Amarjeet Kaur said that the Bank merger and direct foreign investment policies by the central government is fatal…
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For banks, data on your spending habits could be a gold mine
New York: There’s a powerful new player watching what you buy so it can tailor product offerings for you: the bank behind your credit or debit card. For…
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Time has come for banks to link loans, deposits to repo rate: RBI Gov Das
Mumbai: After over a dozen public sector banks, including State Bank of India, have voluntarily linked their loans and deposits pricing to the repo rate, Reserve Bank of India…
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Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19
Mumbai: Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said on Thursday. Till…
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RBI holds meeting over coin-storage crisis of banks in Shirdi
Shirdi: The Reserve Bank of India has instructed nationalised banks to continue to accept coins deposited by the famous Saibaba temple at Shirdi in Maharashtra, the temple’s managing…
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RBI to focus on governance reforms in banks, non-banking sector in coming months: Das
Pune: Attributing frauds in the banking sector to absence of effective controls, RBI Governor Shaktikanta Das Saturday said focus of the central bank in coming months will be…
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Govt announces Rs 48,239 crore recapitalisation plan for 12 PSBs
New Delhi: The Finance Ministry on Wednesday announced to pump in Rs 48,239 crore in 12 public sector banks (PSBs) in this fiscal to help them maintain regulatory…
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India needs fewer and mega banks: Jaitley
New Delhi: Finance Minister Arun Jaitley on Monday said India needs fewer and mega banks to achieve economies of scale in the sector. After the amalgamation of five…
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Banks recover Rs 40,400 crore from defaulters: RBI report
Mumbai: Banks have seen a significant improvement in recovery of stressed assets helped by the Insolvency and Bankruptcy Code (IBC) and amendments in the Securitisation and Reconstruction of…
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Rupee rallies 40 paise, ends at 69.95 to a dollar
Mumbai: The rupee jumped 40 paise on Friday to finish at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and…
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Keep more capital buffer for your own interest: RBI ED to banks
Mumbai: Reserve Bank executive director Sudarshan Sen has exhorted banks to maintain higher capital levels than the regulatory mandate to see through business cycles and crises, warning those…
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Banks showing positive signs but fundamentals still weak: Report
Singapore: Notwithstanding the positive signs in the Indian banking sector, fundamentals still remain a long way from returning to “healthy level”, a DBS report said Friday. According to…
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Govt hikes interest rate on small savings by up to 0.4 per cent
New Delhi: The government has raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4 per cent for the October-December quarter, in line…
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Need To Blend Subsidy With Investment To Enhance Agri Sector Growth: Arun Jaitley
New Delhi: Finance Minister Arun Jaitley on Tuesday made a case for blending subsidy with investment to augment farm sector growth and make it sustainable and self-sufficient. He also said…
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NPAs in education sector on the rise
New Delhi: Bad loans in the education sector have shown a rising trend in the past three financial years with NPAs nearing 9 per cent of the outstanding by…
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Banks take about 70,000-cr. hit due to frauds in last 3 years
New Delhi: Indian banks reported a total loss of about 70,000 crore due to frauds during the last three fiscals up to March 2018, the Rajya Sabha was…
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Banks have given Rs 6 lakh cr Mudra loans to 12 cr beneficiaries: PM
New Delhi: As part of government’s scheme of funding the unfunded, Prime Minister Narendra Modi today said banks and financial institutions have given Rs 6 lakh crore to…
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RBI asks banks to stop services to those dealing in virtual currencies
New Delhi: Reserve Bank today directed all regulated entities including banks not to provide services to businesses dealing in virtual currencies like bitcoins, so as to protect consumer…
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Jammu: The Pakistan Army on Tuesday lobbed mortars and fired from small arms to target forward posts and civilians areas along the LoC in Jammu and Ka....
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Bengaluru: Days after a young woman, Amulya Leona, was arrested and charged with sedition for saying ‘Pakistan Zindabad’ at a rally in Bengaluru, ....
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New Delhi: A plea has been moved in the Delhi High Court seeking directions to the Centre to extend the ban on cow slaughter to include bulls, bullock....
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Singapore: The Monetary Policy Committee (MPC) of the Reserve Bank of India is likely to consider the developments around COVID-19, which has resulted....
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Tokyo: A Japanese man who received his certificate as the world's oldest man with a raised fist and big smiles earlier this month has died at 112. ....
