Banks

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Banks - Total results - 778
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

Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later
Business

Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later

The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive
Business

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive

Several reports have stated that despite the central bank's guidelines, borrowers were receiving messages reminding them that their EMI is due.

Coronavirus Outbreak: Centre asks states to ensure normal functioning of banks, ATMs during lockdown
Business

Coronavirus Outbreak: Centre asks states to ensure normal functioning of banks, ATMs during lockdown

The Centre has asked all states and Union Territories to ensure normal functioning of banks and ATMs during the lockdown period as the Rs 27,500-crore financial package announced under the Prime Minister Garib Kalyan Yojana will be disbursed in coming days

Coronavirus Outbreak: Vijay Mallya asks FM to consider his offer to repay Kingfisher Airlines' dues in 'time of crisis'
Business

Coronavirus Outbreak: Vijay Mallya asks FM to consider his offer to repay Kingfisher Airlines' dues in 'time of crisis'

Embattled liquor baron Vijay Mallya, on Tuesday asked Finance Minister Nirmala Sitharaman to consider his repeated "offer to repay 100 percent" of the amount borrowed by now-defunct Kingfisher Airlines, in this time of coronavirus pandemic

Coronavirus Outbreak: Govt orders banks to remain open during lockdown, ensure welfare cash schemes to beneficiaries
Business

Coronavirus Outbreak: Govt orders banks to remain open during lockdown, ensure welfare cash schemes to beneficiaries

On Sunday night, State Level Bankers’ Committee of West Bengal issued an advisory to all the banks in the state to remain operational on all working days.

Realtors say RBI decision to cut key rates, give 3-month moratorium to boost liquidity, ease debt pressure
Business

Realtors say RBI decision to cut key rates, give 3-month moratorium to boost liquidity, ease debt pressure

The RBI cut repo rate to 4.4 per cent and reduced the cash reserve ratio maintained by the bank by 100 basis points. The reverse repo rate was cut by 90 bps to 4 per cent.

Coronavirus impact to bring more worries for Indian banks, says Fitch; revises down operating environment score for critical sector by notch
Business

Coronavirus impact to bring more worries for Indian banks, says Fitch; revises down operating environment score for critical sector by notch

The coronavirus-related worries are likely to aggravate difficulties for Indian banks, ratings agency Fitch said on Thursday, revising down the operating environment score for the critical sector by a notch

Govt asks state-run banks to provide liquidity support to corporate borrowers; SBI rolls out emergency credit line
Business

Govt asks state-run banks to provide liquidity support to corporate borrowers; SBI rolls out emergency credit line

Small businesses have been approaching banks to provide additional liquidity support, also warning that loan repayments may be delayed.

The Cryptocurrency Verdict: On the need for interim clarity as the RBI mulls over regulation
News & Analysis

The Cryptocurrency Verdict: On the need for interim clarity as the RBI mulls over regulation

Interim clarity from the RBI is an urgent necessity, as services from banks and service providers are yet to resume in full swing.

Indian banks to appeal for relief on bad loans amid coronavirus concerns; lenders witness signs of loan repayment delay from small businesses
Business

Indian banks to appeal for relief on bad loans amid coronavirus concerns; lenders witness signs of loan repayment delay from small businesses

As fear grips the nation amid health concerns, Indian banks - already burdened with some $140 billion in bad loans - worry their balance sheets could be hit further as businesses grind to a standstill.

Banks can save Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: SBI research report
Business

Banks can save Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: SBI research report

Banks can save up to Rs 7,400 crore in CRR benefits under the new dispensation of targeted lending using their cash reserve ratios, and the incremental credit flow through this can be Rs 1.85 lakh crore, helping them earn Rs 480 crore in additional profits in FY21, SBI Research said