Banks

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Banks - Total results - 769
Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings
Business

Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings

With incremental bank lending making up the bulk of the government's nearly Rs 21 lakh crore stimulus package, lenders face significant asset quality challenges which can increase their dud loan ratios by up to 6 percentage points over the next two years, warns a report

Banks need to push digital plans now; pandemic an opportunity to revive products, services: Former RBI deputy governor
Business

Banks need to push digital plans now; pandemic an opportunity to revive products, services: Former RBI deputy governor

Asserting that data confidentiality and infrastructural challenges are critical in the banking industry, Khan said many banks lack common shared repositories and databases, which have now become important.

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
Business

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises (MSMEs) will encourage banks to lend more to the sector, bankers said

SEBI eases compliance norms on consolidated results for banks, insurance companies
Business

SEBI eases compliance norms on consolidated results for banks, insurance companies

Markets regulator SEBI on Tuesday gave relaxation to listed banks and insurance companies for publishing consolidated financial results for June quarter in the wake of coronavirus pandemic

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
Business

Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation

Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown.

Coronavirus Outbreak: RBI grants more time to banks to file regulatory returns with delay of up to 30 days
Business

Coronavirus Outbreak: RBI grants more time to banks to file regulatory returns with delay of up to 30 days

RBI further said "no extension" in timeline is permitted for submission of statutory returns like returns related to CRR/SLR.

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes
Business

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes

As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.

Coronavirus Outbreak: Banks have done nothing to help retailers to tide over lockdown crisis, says industry body
Business

Coronavirus Outbreak: Banks have done nothing to help retailers to tide over lockdown crisis, says industry body

Banks have done "sweet nothing" to provide financing to retailers to tide over the lockdown crisis, and the government intervention is needed to avoid mass unemployment in the sector, according to RAI

Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally
Business

Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally

Investor wealth on Friday fell by Rs 2,00,006.26 crore as markets snapped a two-day rally, with the BSE benchmark tumbling 536 points

Finance, bank stocks tumble up to 17.8% after Franklin Templeton MF suddenly closed 6 debt fund schemes
Business

Finance, bank stocks tumble up to 17.8% after Franklin Templeton MF suddenly closed 6 debt fund schemes

Finance and bank stocks tumbled up to 17.8 percent on Friday after Franklin Templeton MF suddenly closed some debt fund schemes

TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids
Business

TLTRO 2.0: Banks scupper RBI plan to offer special liquidity to NBFCs as repo auction gets 50% bids

As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer

Coronavirus Outbreak: Moody's says loan moratorium may lead to greater build-up of credit losses for banks
Business

Coronavirus Outbreak: Moody's says loan moratorium may lead to greater build-up of credit losses for banks

The loan moratorium extended by banking regulators in countries like India and China to deal with the liquidity crunch amid COVID-19 crisis will provide temporary relief to borrowers, but will constrain banks from taking proactive recovery actions

Coronavirus Outbreak: RBI bans banks, cooperatives from paying dividends
Business

Coronavirus Outbreak: RBI bans banks, cooperatives from paying dividends

The Reserve Bank on Friday debarred all commercial and cooperative banks from paying dividends to shareholders and promoter groups as the regulator fears the Covid-driven economic shocks would continue longer and may put the health of the financial system at risk

RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman
Business

RBI measures to boost liquidity, incentivise banks to lend more to revive economy: Nirmala Sitharaman

In order to increase credit to farmers, MSMEs and housing sector, RBI announced a special refinance facility totalling Rs 50,000 crore for NABARD, SIDBI and the National Housing Bank, she said.

Coronavirus Outbreak: Banking, insurance operations to continue during extended lockdown, says govt
Business

Coronavirus Outbreak: Banking, insurance operations to continue during extended lockdown, says govt

Issuing fresh guidelines for the second phase of the lockdown, which will be in effect till 3 May, the government on Wednesday said important financial services like banking and insurance will continue to function during the period to help people meet their financial needs

Coronavirus Outbreak: Govt to deposit Rs 1,000 in women PMJDY accounts in next two months in equal instalments
Business

Coronavirus Outbreak: Govt to deposit Rs 1,000 in women PMJDY accounts in next two months in equal instalments

Urging people not to believe rumours, the finance ministry on Thursday said Rs 500 has been deposited in each PMJDY account held by women for April and Rs 1,000 more will be given over the next two months in equal instalments

IBA directs banks to deposit Rs 500 in Jan Dhan accounts held by women starting today
Business

IBA directs banks to deposit Rs 500 in Jan Dhan accounts held by women starting today

Indian Banks' Association (IBA) has directed all banks to start depositing Rs 500 per month into Jan Dhan Yojana accounts held by women starting 3 April.

Coronavirus Outbreak: Banks to commence remitting Rs 500 per month to women PMJDY account holders from tomorrow
Business

Coronavirus Outbreak: Banks to commence remitting Rs 500 per month to women PMJDY account holders from tomorrow

Banks to commence remitting Rs 500 per month to women PMJDY (Pradhan Mantri Jan Dhan Yojana) account holders from tomorrow

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium
Business

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium

Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India