Banks

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Banks - Total results - 777
PM urges banks to support wealth and job creators, work proactively to improve India's balance sheet
India

PM urges banks to support wealth and job creators, work proactively to improve India's balance sheet

The prime minister also said that the recently set up National Asset Reconstruction Co (NARCL) would help resolve Rs 2 lakh crore of stressed assets

Economic recovery taking hold, private investment should resume, says Shaktikanta Das
Business

Economic recovery taking hold, private investment should resume, says Shaktikanta Das

Lauding tech entrepreneurs, the RBI governor said the country has emerged as a top performer in the startup landscape, attracting billions of foreign capital

DICGC asks 21 stressed cooperative banks to prepare list of account holders
Business

DICGC asks 21 stressed cooperative banks to prepare list of account holders

DICGC has also asked the banks to circulate consent forms to account holders for accessing funds up to Rs 5 lakh as per the amended law within 90 days

Western Union restarts money transfers to Afghanistan to ease financial burden on US-based Afghans' families
World

Western Union restarts money transfers to Afghanistan to ease financial burden on US-based Afghans' families

Remittances from Afghans living abroad are crucial for the impoverished country's economy and amounted to almost $789 billion last year, according to the World Bank.

Investing in Bitcoin? You may want to know about 'satoshi' before shopping
World

Investing in Bitcoin? You may want to know about 'satoshi' before shopping

Bitcoin: El Salvador embraces the cryptocurrency but not at the cost of US dollar

RBI says banks can't stop customers from dealing in virtual currencies, must not cite April 2018 order
News & Analysis

RBI says banks can't stop customers from dealing in virtual currencies, must not cite April 2018 order

A few banks in India have warned users that if they continue to deal in virtual currencies, their cards may be suspended.

Banking operations likely to be impacted today and 16 March as bank unions call for strike
India

Banking operations likely to be impacted today and 16 March as bank unions call for strike

The United Forum of Bank Unions, an umbrella body of nine unions, has called for the nationwide strike to protest against the proposed privatisation of two state-owned lenders

Stop banks from offering cashbacks on online purchases, CAIT demands in letter to Nirmala Sitharaman
Business

Stop banks from offering cashbacks on online purchases, CAIT demands in letter to Nirmala Sitharaman

The traders’ body called for immediate action to stop the practice and a thorough probe into why banks were extending discounts only on purchase from designated e-commerce portals

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