Page 936 - Finance News

Withdrawal limit may ease after 80% new notes re-channelised

The withdrawal limit from banks is Rs 24,000 a week, including a maximum of Rs 2,500 from ATMs per day

RBI just capped withdrawal from certain bank accounts

If you have deposited Rs 2 lakh since Nov 9 and have Rs 5 lakh in account, restrictions apply

SC wants MBA grads, lawyers to prepare report on bad loans of public banks

As on September 30, gross NPAs of public sector banks rose to Rs 6,30,323 crore as against Rs 5,50,346 crore by June end

Small finance banks require up to Rs 60k crore of non-equity funds by FY20: IndRa

The current funding mix for MFIs includes bank debt, other borrowings and equity, with bank debt being the largest proportion in the mix

State Bank of Mauritius to improve asset quality before converting into Indian subsidiary

Apart from SBM, DBS and ABN Amro Bank have also applied to RBI to convert their franchisees to local subsidiaries

Banking ombudsman sees an uptick in complaints by 21% in FY16, says RBI

The maximum numbers of complaints were received by public sector banks with 35% of the complaints

Banking system to be capital constrained, needs $18 bn in 3 years

Opportunity for banks is substantial if they can successfully address their current stresses and re-invent business model

Bank loans shrink by Rs 61,000 crore in fortnight after demonetisation

The year-on-year growth in credit was just 6.6%, down from 9.3% a year ago

Airtel Payments Bank to charge 0.65% cash withdrawal fee

The bank is offering interest rate of 7.25 per cent per annum on savings accounts

RBI denies plans to cancel Axis Bank's licence

Recently, Axis Bank has suspended 19 of its employees for being involved in money laundering

Bank of Baroda in talks to buy Central Bank's housing finance arm

Looks to strengthen its position in the home loan segment

Rural co-op banks grouse at RBI fiat on old notes

Employees of rural cooperative banks agree that technological backwardness, political intervention add to woes of the sector

Banks slash funding to MFIs

Banks are even holding back on sanctioned lines of credit to micro finance institutions

I-T dept conducts survey at Axis Bank Delhi branch

Axis Bank said it is cooperating with the agency

PPI issuers asked to conduct security audit to check fraud

At a time, when the govt is urging people to go in for digital transactions in a big way

Banks' loans rose 6.6% y-o-y in two weeks to Nov 25: RBI

In the same period the deposits rose 15.9 per cent

Paytm rolls out 'App Password' to secure wallet even if phone is lost

The App password feature is currently available in the latest Android App.

Demonetisation: CMs, bankers meet RBI guv to discuss road map to go cashless

The committee will discuss and bring about a roadmap for complete digital shift for the Indian economy

Why RBI's optimism may be misplaced

As most analysts expect note ban to sharply hit GVA growth in Q3 and Q4, the central bank's stance is being called into question

RBI may cut rates by up to 50 bps next year: Report

On Wednesday, it surprised many with a status quo on policy, premised on upside risk to Q4 inflation and limited transient growth drag owing to demonetisation