Banks

Showing of 41 - 60 from 778 results
Banks - Total results - 778
Banks can save up to Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: Report
Business

Banks can save up to Rs 7,400 cr from lending against CRR, earn Rs 480 cr in additional profits: Report

The RBI, at the previous monetary policy review on 6 February, adopted a policy tool by allowing banks to lend against their CRR to three targeted segments -- retail loans to the auto, housing and MSME sectors.

No instructions to banks to phase out Rs 2,000 notes, says Finance Minister Nirmala Sitharaman
Business

No instructions to banks to phase out Rs 2,000 notes, says Finance Minister Nirmala Sitharaman

Banks have started dispensing more of Rs 500 notes than Rs 2,000 denomination notes, a move seen as gradual phasing out of the high denomination currency note

Government needs a pool of quality advisers to revive growth; economists can save economy, not historians
Business

Government needs a pool of quality advisers to revive growth; economists can save economy, not historians

Sitharaman, who took over the Union finance minister’s hot seat from late Arun Jaitley, had just delivered a disappointing national Budget that fell way short of expectations

Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC
Business

Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC

The RBI said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks involved in the trading of virtual instruments.

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath
Business

India should focus on structural reforms, clean-up of banks and labour reforms: IMF Chief Economist Gita Gopinath

With economic growth slowing to a six-year low, IMF Chief Economist Gita Gopinath says the government should undertake structural reforms such as bank clean-up and labour reforms to address the slowdown in domestic demand

If govt reduces its stake in PSU firms to 50%, they will work more efficiently: Vedanta chief Anil Agarwal
Business

If govt reduces its stake in PSU firms to 50%, they will work more efficiently: Vedanta chief Anil Agarwal

Vedanta Resources Chairman Anil Agarwal on Monday said if the government reduces its stake in public sector companies and banks to 50 percent, they will work more efficiently

Banks cut MCLR after RBI keeps repo rates unchanged; here is a look at revised interest structure
Business

Banks cut MCLR after RBI keeps repo rates unchanged; here is a look at revised interest structure

On 9 December, the country's largest lender SBI announced the reduction in its marginal cost of MCLR by 10 basis points across all one-year products.

Indian banks need $7 bn additional capital by 2020-21 to support loan growth, cover for bad loans: Fitch Ratings
Business

Indian banks need $7 bn additional capital by 2020-21 to support loan growth, cover for bad loans: Fitch Ratings

Indian banks need an additional $7 billion (Rs 50,000 crore) equity by 2020-21 to support loan growth and cover for bad loans, Fitch Ratings said on Tuesday adding a slowing economy could exacerbate asset-quality tension for a sector grappling with weak recoveries and ageing provisions

Lenders get into lazy banking as they face slowdown blues, invest greater proportion of deposits in G-secs
Business

Lenders get into lazy banking as they face slowdown blues, invest greater proportion of deposits in G-secs

The idea behind cutting the SLR is that banks will need to invest a lower proportion of their deposits in G-secs and in the process they will have more money to lend.

Banks write off over $30 bn of loans in year to 30 June; underlying problem remains
Business

Banks write off over $30 bn of loans in year to 30 June; underlying problem remains

Indian banks wrote off more than $30 billion worth of bad debt in the year to 30 June, helping to lower stressed loans on their books by 8.5 percent, according to central bank data reviewed by Reuters

RBI asks banks not to charge savings bank account holders for NEFT transactions from 1 January
Business

RBI asks banks not to charge savings bank account holders for NEFT transactions from 1 January

Come January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system

Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings
Business

Banks to face capital shortfall of Rs 3.5 lakh cr in event of systemic crisis in NBFC sector: Fitch Ratings

Banks would face a capital shortfall of about $50 billion (about Rs 3.5 lakh crore) in the event of a systemic crisis in the non-banking financial company (NBFC) sector, according to a study by global rating agency Fitch

Banks need to rapidly reinvent to strengthen profitability, boost returns: McKinsey report
Business

Banks need to rapidly reinvent to strengthen profitability, boost returns: McKinsey report

At a time when growth is slowing, productivity gains are fading and digital pressures are on the rise, the banking sector should urgently consider radical measures to strengthen profitability and boost returns, says a report

Public sector banks disburse over Rs 81,700 cr during nine-day loan mela: Finance Ministry
Business

Public sector banks disburse over Rs 81,700 cr during nine-day loan mela: Finance Ministry

The Finance Ministry on Monday said loans worth Rs 81,781 crore were disbursed during the nine-day outreach programme or loan mela organised by banks that began on 1 October

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report
Business

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report

As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.

Low demand and reluctance to invest to blame for slowdown in economy, says Yashwant Sinha
Business

Low demand and reluctance to invest to blame for slowdown in economy, says Yashwant Sinha

Corporate, PSU sectors have suffered in the last year. The demand in the economy, which is the growth engine, has come crashing down, Sinha said

Firstpost Editor's Picks: Citizenship Amendment Bill, Nirmala Sitharaman on auto sales, Section 375 movie review; today's must-read stories
India

Firstpost Editor's Picks: Citizenship Amendment Bill, Nirmala Sitharaman on auto sales, Section 375 movie review; today's must-read stories

Firstpost Editor's Picks: Citizenship Amendment Bill in north east, Nirmala Sitharaman on drop in auto sales, Section 375 movie review; today's must-read stories

Banks report reduction in bad loans; seek steps to address stress in NBFCs: FICCI-IBA survey
Business

Banks report reduction in bad loans; seek steps to address stress in NBFCs: FICCI-IBA survey

More than half of the bankers have reported a reduction in bad loans, and sought capital infusion in public sector lenders as well as steps to address stress in the NBFC segment, a survey by industry body FICCI said on Tuesday

Bankers worry DSP Mutual Funds' legal action will delay rescue of DHFL; other creditors may be pushed to take legal action
Business

Bankers worry DSP Mutual Funds' legal action will delay rescue of DHFL; other creditors may be pushed to take legal action

In July, DHFL said it was "undergoing substantial financial stress" and may not survive as a going concern

Mac Miller, Free Nationals' 'Time', Tyler the Creator's ‘Earfquake’: Best music of 2019 yet
Entertainment

Mac Miller, Free Nationals' 'Time', Tyler the Creator's ‘Earfquake’: Best music of 2019 yet

'Time' almost seems like a tribute as the song was released just months after Mac Miller’s passing.