Page 883 - Finance News

SBI reduces NEFT, RTGS charges up to 75% effective from July 15

Additionally, bank has also waived charges for fund transfer of upto Rs 1,000 done through IMPS

Lack of machines delayed counting of banned notes: RBI chief tells panel

Panel gives RBI Governor Urjit Patel 15 days to submit data on deposits of demonetised currency

Slow to start, banks wrestle with insolvency regime

As on July 10, 112 such announcements have been made and banks account for just 17 announcements

Bond market buzzing as foreign investors pump $1.2 bn in a single day

Dealers expect RBI to sell another Rs 20,000-cr worth of bonds

PSBs continue to lag behind private banks in MF sales in FY17

Some of the public banks showed improvement; much more still needs to be done

High bank charges hurt voters, too

Both the govt and RBI have been ignoring high charges banks impose on their customers

RBI keeping a close watch on transactions involving cryptocurrencies: Patel

In April, finance ministry made an inter- disciplinary committee to examine existing framework

RuPay credit cards operational since June 15: NPCI chief

He said NPCI is also in talks with private banks to issue Rupay Credit Cards

RBI to release Rs 2,000 cr to meet currency crunch in Telangana: Dattatreya

An amount of Rs 9,000 crore was released to the banks by the RBI by June 2017: Dattatreya

Andhra Bank plans to raise up to Rs 1,000 crore via QIP in next five months

The lender is looking to close the QIP issue by December

Haircut needed to resolve NPAs, says Rangarajan

A haircut is the term for write off a lender accepts on a debt payment when a borrower can't repay

Bankruptcy Code: First set up ecosystem for IBC, says SBI's Bhattacharya

Availability of data, track records of lenders and selection of panel of judges are part of IBC

RuPay to tap premium customers as banks renew deals with Visa, Mastercard

RuPay has 42% of total debit cards; yet it contributes only 16% of full PoS, e-commerce transactions

IndusInd Bank's Q1 net profit rises 26%

Net interest margin, the difference between yield on advances and cost of fund, was flat at 4%

HC adjourns StanChart appeal hearing in Essar Steel insolvency to next week

London-based lender had appealed last Wednesday for the quashing, contending Essar suppressed facts

SBI questions Bengal's absorption ability as state FM asks for better CDR

Amit Mitra has asked SBI to improve CDR in West Bengal

Foreign investors seek Sebi relief on p-note ban

Ask for a 3-month extension to roll over their July positions; say curbs will kill the p-note market

Banking consolidation: RBI ex-governor Rangarajan bats for M&As among banks

Recently, the State Bank Of India merged five associates with itself

Amid low credit demand, NPAs, RBI's Mundra tells banks to focus on MSMEs

Lenders should look at small businesses as potential area of growth and not as compliance: Mundra

SBI to study spending habits, to put more retail products in digital space

SBI would be married to analytics to study spending habits of the consumers: Arundhati Bhattacharya