Page 464 - Finance News

Delhi HC extends till November 31 deadline to seed Aadhaar with UAN

The Delhi High Court has extended till November 31 the deadline for the seeding of the Aadhaar number along with the Universal Account Number (UAN) and its verification

RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank

The Reserve Bank has imposed a penalty of Rs 79 lakh on Apna Sahakari Bank, Mumbai for non-compliance with certain directions, including on NPA classification

RBI announces revised rules for securitisation of standard assets

The Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to have a comprehensive board-approved policy for such transactions.

Mispricing of risks a concern given there is ample liquidity : SBI chairman

Country's largest lender State Bank of India (SBI), the country's largest lender, Friday said that mispricing of risks is a cause of concern given the fact that there is ample liquidity in the system.

New recurring payment norms from Oct 1: Banks, card issuers in a tizzy

Customers are being notified about changes, and alternative methods of payments

Bank deposits rise 12% in FY21 on higher CASA growth: RBI data

Among institutional categories, the household sector held 64.1 per cent share in total deposits

Karur Vysya Bank cuts base rate, benchmark prime lending rate

Private sector lender Karur Vysya Bank on Thursday said it has cut the base rate and the benchmark prime lending rate to 8 per cent and 13 per cent, respectively, effective Friday.

HC reserves orders on bail pleas of wife, daughters of Yes Bank founder

The Bombay High Court reserved the orders on bail applications of Yes Bank founder Rana Kapoor's wife Bindu Kapoor and daughters Radha and Roshini Kapoor in an alleged corruption case involving DHFL

RBL Bank MD Vishwavir Ahuja gets shareholders' nod at AGM for fourth term

Ahuja, a veteran with close to 35 years of experience, joined RBL in 2010 and has been successful in transforming it into a vibrant, new-age bank

LIC HFL extends lowest home loan offer of 6.66% for loans up to Rs 2 cr

Mortgage financier LIC Housing Finance (LIC HFL) on Thursday extended its lowest home loan rate of 6.66 per cent for home loans up to Rs 2 crore.

RBI must deal more with consumers, review rules impacting them: CUTS talks

Experts at discussion say approach favouring of banks over consumers may make the latter move away from the digital economy towards cash

Bank of India to raise up to Rs 1,800 cr in capital via tier-II bonds

Crisil upgrades rating for Tier-I bonds to "AA" reflecting the lender's improved capital ratios and greater ability to make future coupon payments

Health insurance dominates premium mop-up; motor and crop recover

General insurers have seen Covid-related health claims mount, especially after the second wave of the pandemic

Depositors of 21 stressed cooperative banks to get Rs 5 lakh by November

The DICGC in a statement said only those depositors who have submitted their willingness to the insured banks would get money

Bank officers' union extends support to 'Bharat Bandh' by farmers on Sep 27

The All India Bank Officers' Confederation (AlBOC) on Wednesday extended its support to the 'Bharat Bandh' called by Samyukta Kisan Morcha on September 27

FinMin suggests restarting decades-old apprenticeship scheme in railways

The Finance Ministry has recommended the railways restart a 94-year-old apprenticeship scheme, which was discontinued in 2015

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

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

DICGC to pay upto Rs 5 lakh to depositors of 21 insured co-op banks

The banks include include Punjab & Maharashtra Co-Op Bank (PBC Bank) and City Co-operative Bank

HDFC launches festive offer; cuts home loan interest rate to 6.7%

Customers can avail of new home loans starting at an interest rate of 6.70 per cent per annum, irrespective of the loan amount or employment category

Retail depositors earning negative returns; relook taxes on interest: SBI

If not for all the depositors, the taxation review should be carried out for at least the deposits made by senior citizens who depend on the interest for their daily needs, the SBI economists said