Private Banks

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Private Banks - Total results - 51
Finance ministry allows all private sector banks to participate in government-related businesses
Business

Finance ministry allows all private sector banks to participate in government-related businesses

This step is expected to further enhance customer convenience, spur competition and raise efficiency in customer services, a ministry statement said

Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'
Business

Unions oppose Centre's move to allow private sector banks in govt business, term it 'unfair'

The AIBEA said the move will make it more difficult for public sector banks to lend to weaker and priority sectors at concessional rates of interest

Centre lifts embargo on grant of government business to private banks, says Nirmala Sitharaman
Business

Centre lifts embargo on grant of government business to private banks, says Nirmala Sitharaman

Private banks can now be equal partners in the development of the Indian economy, the Union finance minister added

FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal
Business

FII ownership in Nifty-500 hits five-year low during Q4; promoter holdings up post-COVID-19 outbreak: Motilal Oswal

Both FIIs and domestic institutional investors (DIIs) increased stake in telecom on a quarter-on-quarter basis by 190 and 220 basis points respectively.

Sensex settles 416 points higher at 31,743, Nifty below 9,300-mark; IndusInd Bank, Britannia among major gainers
Business

Sensex settles 416 points higher at 31,743, Nifty below 9,300-mark; IndusInd Bank, Britannia among major gainers

At close, the Sensex was up 415.86 points or 1.33 percent at 31743.08, and the Nifty was up 127.90 points or 1.40 percent at 9282.30. About 1,286 shares have advanced, 1076 shares declined, and 180 shares are unchanged.

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

Full list of bank holidays in October 2019: Banks to remain shut on 11 days, including Dussehra, Gandhi Jayanti, Diwali
India

Full list of bank holidays in October 2019: Banks to remain shut on 11 days, including Dussehra, Gandhi Jayanti, Diwali

Customers must note that as per Reserve Bank of India (RBI) notification and rules, all banks including public, private, foreign, cooperative are shut on all Sundays and second and fourth Saturdays of the month.

RBI annual report: Bank fraud touches Rs 71,543 cr in 2018-19, records 74% jump from previous year
Business

RBI annual report: Bank fraud touches Rs 71,543 cr in 2018-19, records 74% jump from previous year

The number of cases of frauds reported by banks saw a jump of 15 percent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 percent in the year, RBI's annual report showed

Top private sector banks cut interest rates on deposits by up to 0.25% over last week
Business

Top private sector banks cut interest rates on deposits by up to 0.25% over last week

Top private sector lenders have cut their interest rates on deposits by up to 0.25 percent over the last week, officials said on Monday

RBI governor Shaktikanta Das to meet bank heads on 21 February on transmission of rate cut to borrowers
Business

RBI governor Shaktikanta Das to meet bank heads on 21 February on transmission of rate cut to borrowers

Earlier this month, the RBI cut the benchmark interest rate by 0.25 percent to 6.25 percent.

RBI governor Shaktikanta Das to meet private sector and cooperative banks next week
Business

RBI governor Shaktikanta Das to meet private sector and cooperative banks next week

Shaktikanta Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due to differences with the government.

Make sure private banks stay in Indian hands: RSS affiliate to new RBI governor
Business

Make sure private banks stay in Indian hands: RSS affiliate to new RBI governor

"There is a need for the new RBI Governor to rethink the regulatory framework for private bank ownership. None of us wants India homegrown banks to be allowed in the hands of foreign players." RSS affiliate, Swadeshi Jagran Manch said

NPA provisions for banks may stay elevated till fiscal year 2019-20: India Ratings report
Business

NPA provisions for banks may stay elevated till fiscal year 2019-20: India Ratings report

Banks are witnessing a spurt in asset quality stress in the non-corporate segment and the overall loan loss provisions for lenders are expected to stay elevated till fiscal year 2019-20, an India-Ratings report said

PSBs should have operational freedom like private players to deal with issues, says Bank of India non-executive chairman
Business

PSBs should have operational freedom like private players to deal with issues, says Bank of India non-executive chairman

Most of the problems in the banking sector are due to operational issues rather than ownership issues, Bank of India non-executive chairman G Padmanabhan said

NPA resolution: Sunil Mehta-led panel to issue operational guidelines for inter-creditor agreement
Business

NPA resolution: Sunil Mehta-led panel to issue operational guidelines for inter-creditor agreement

The inter-creditor agreement (ICA), under the Project Sashakt, seeks to resolve loans under Rs 50 crore or more which are under consortium lending but under Rs 500 crore

Banks' bad loans mound declines for the first time in five quarters; the NPA mess explained in 7 charts
Business

Banks' bad loans mound declines for the first time in five quarters; the NPA mess explained in 7 charts

seven charts throw more light on the bad loans crisis that has engulfed the nation's banking sector.

Over half of bank deposits contributed by individuals; NRI deposits record highest growth: RBI data
Business

Over half of bank deposits contributed by individuals; NRI deposits record highest growth: RBI data

On an outstanding basis, public sector banks held around two-thirds of total deposits, the RBI said.