Page 879 - Finance News

Cut in SBI's savings rate: Banks' margin to benefit

Many banks are waiting for RBI's policy action to decide on savings bank rate after SBI's move

Monetary policy review: All eyes on RBI today

The six-member monetary policy committee might cut rates on Wednesday

RBI directive on auditors to benefit second-tier firms

For every statutory audit of mid-size to large banks, an audit firm gets Rs 50 lakh to Rs 1.5 crore

PSU banks need Rs 1.9 lakh cr additional capital by March 2019: S&P

Public sector banks will need substantial capital to make large haircuts on loans

PNB board approves plan to raise Rs 3,000 cr equity capital

PNB said its board of directors have called general meeting of shareholders on Sept 12

Airtel Payments Bank to use HPCL's 14k fuel stations as banking points

Now, Airtel Payments Bank customers can use HPCL fuel stations to avail banking services

NPA framework: Ordinance to empower RBI actually gives more teeth to govt

Business Standard evaluates likely implications of the ordinance to amend Banking Regulation Act

Now, you can make payments with SBI debit cards via Samsung Pay

SBI debit card users can also avail introductory cashback benefits up to Rs 500

Taken corrective action to comply with KYC norms: Union Bank on RBI penalty

RBI levied penalties of Rs 2 cr and Rs 1 cr on the bank in 2 separate incidents of non-compliances

Following Mundra's retirement, RBI reallocates deputy governor portfolios

Mundra's other minor portfolios were split among remaining deputy governors

RBI policy tomorrow: Key interest rate expected to be cut by 25 bp

Citing inflation at 5-year low, deceleration in factory output, Assocham requested for rate cut

Bank staff's high targets behind mis-selling of investment products: RBI

Lack of co-ordination between back and front office, impacted customer protection: S S Mundra

Following complaint, RBI fines Union Bank Rs 3 cr for KYC non-compliance

RBI imposed penalty of Rs 2 crore and Rs 1 crore under the provisions of Banking Regulation Act

Deposit-heavy banks to gain most from SBI's savings rate cut to 3.5%

Banks with high deposits also include PNB, HDFC Bank, ICICI Bank, Axis Bank, BoB and Canara Bank

SBI does a first, cuts savings rate to 3.5% on deposits up to Rs 1 cr

50-bps reduction may prompt others to follow

RBI asks banks to enable account number portability

In such cases, the Deputy Governor suggested that the customer "must be compensated immediately"

RBI's Mundra raps banks on customer service

Mundra was addressing bankers at the annual banking ombudsman conference, held on July 25

ICICI Bank pips HDFC Bank as most popular stock for MFs

So far in 2017, shares of HDFC Bank gained 48%, while those of ICICI Bank have added 18%

Small MFIs in Odisha battle credit crunch

MFI remains one of the costliest models of financial inclusion

SBI cuts savings rate by 0.5%; 90% customers to be impacted

SBI's savings bank account base is of around Rs 9 lakh crore