ICICI, HDFC Bank among others revise working hours; here is a list of new bank timings applicable across India during lockdown
To ensure the safety of staff and customers, banks across the country have changed timings
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
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.
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
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
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
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
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
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
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
Finance and bank stocks tumbled up to 17.8 percent on Friday after Franklin Templeton MF suddenly closed some debt fund schemes
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
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
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
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.
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
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
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
Banks to commence remitting Rs 500 per month to women PMJDY (Pradhan Mantri Jan Dhan Yojana) account holders from tomorrow
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