Page 768 - Finance News

Brace for costlier home, auto loans as SBI raises lending rates by 20 bps

SBI) has increased the lending rate by 20 basis points across all tenors up to three years

RBI's new cash logistics norms might disrupt functioning of ATMs: IBA

RBI should relax net worth and security rules to prevent interchange costs from shooting up, say banks

Banking services at doorstep: Modi to launch India Post Payments Bank today

The IPPB will have 650 branches and 3,250 access points across the country

India Post Payments Bank launch today: Postmen to deliver banking services

Ahead of India Post Payments Bank launch, men in khaki have been trained by NIBF

Private banks lead deposit mobilisation and credit growth, says RBI

Private banks also saw higher credit growth than their public and foreign counterparts

Lending to power sector projects will have to stop: State Bank of India

The power sector loans are facing a slew of problems due to a changes in non-performing assets recognition after the February 12 RBI circular

Banks' loans rise 12.9 % in two weeks to Aug 17; deposit up by 8.3 % : RBI

Bank deposits fell 719.00 billion rupees to 115.11 trillion rupees in the two weeks to Aug. 17

Forex reserves jump to $401.293 bn on the back of rise in currency assets

Gold reserves rose by $ 35.7 million to $ 20.763 billion

PNB plans to sell its entire holding of 0.11% in NSE for over Rs 480 mn

The divestment of the stake in the NSE is expected to fetch at least Rs 483.5 million to the bank

PNB's Sunil Mehta elected chairman of the Indian Bank's Association

Dina Bandhu Mohapatra, Managing Director & CEO, Bank of India, elected as the body's Deputy Chairman

Rotate employees in sensitive posts to check frauds: CVC directs banks

The move assumes significance as many big-ticket frauds have been reported recently from the banks

Banks to remain open in Sept 1st week, ATMs to be fully functional: FinMin

The Ministry said banks will remain open during the week, observing holidays only on Sunday, September 2, and second Saturday, September 8

RBI allows Rana Kapoor to continue as YES Bank MD & CEO till further notice

In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the CEO & MD for three years, subject to final approval from the Reserve Bank of India

Demonetisation to bad loans, Urjit Patel navigates choppy waters in 2 years

Urjit Patel also came down heavily on banks hiding their bad debts

Home, personal loans drive household debt to 4% of GNDI, highest in 7 yrs

Growth in credit card outstanding has been the fastest compared to other personal loan segments

ICICI Bank votes for Kochhar's reappointment to ICICI Securities board

Chanda Kochhar is currently under investigation for charges of conflict of interest over a loan given to the Videocon group, which had business dealings with her husband

Better bond yields in last one year boost short-term paper volume: ICRA

Excess reliance on short-term debt poses rollover risks and hence liquidity risks for the borrowers

Microfinance sector registers a growth of around 39% in loan portfolio

Cashless disbursements by NBFC-MFIs now account for 87% of the total disbursements

Why is the RBI interested in digital currency but wary of bitcoins?

For a digital currency to be popular, internet penetration as well as digital literacy need to be greatly improved, say experts

ICICI Bank backs Chanda Kochhar's appointment on board of ICICI Securities

Kochhar, the CEO and MD of ICICI Bank, had been sent on leave after the bank appointed former Supreme Court judge B N Srikrishna to probe allegations of conflict of interest against her