Page 938 - Finance News

RBI caps group entity exposure limit for banks at 25%

RBI allows a bank to lend up to 15% of its capital funds to a single borrower and 40% to a grou

RBI warns banks and public against misinformation on social media

RBI says that people should rely on information provided on its website

Payday pressure no big deal, early Nov withdrawals reduces load: SBI

Shift to e-payments reduces load; servicing rural areas remains a challenge

HDFC Bank offers cash withdrawal services through retail stores

Facility will be available for non-HDFC Bank customers as well

Catholic Syrian Bank awaits RBI nod for Fairfax investment

The proposed Rs 1,000 crore investment will allow CSB to increase its assets 10 times

RBI's CRR move to put monthly burden of Rs 1,050 cr on banks

According to experts the move is likely to result into over Rs 3 trillion outflow from the banks

Bank unions demand adequate notes to meet cash needs of public

Reserve Bank should increase the supply of notes to meet increasing demand for money, says bank unions

RBL Bank launches Aadhaar-based disbursment of mirco loans

Bank said it is a drive towards cashless loan disbursements, which otherwise is dominated by physical cash

SBI-Bharatiya Mahila Bank merger gets competition commission nod

In August, the board of SBI cleared the merger of Bharatiya Mahila Bank and that of five associate lenders with itself

State Commission asks SBI to compensate fraud victim

SBI was asked to pay Rs 26,000 after it failed to produce a video footage of the complainant making the transaction

Banks brace for coming pay rush with salary day approaching

Branch networks will give preference to pensioners and labourers for withdrawing money

State-run banks' bad loans over Rs 6 lakh cr as on end-September

It signifies an increase of Rs 79,977 crore in NPAs in 2nd quarter over the first one, says Santosh Kumar Gangwar Minister of State for Finance

RBI relaxes withdrawal norms, encourages retailers to deposit cash

The decision is aimed at increasing valid currency notes circulation to mitigate cash crunch

Gross NPAs of PSBs jump nearly Rs 80,000 cr in Jul-Sep

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

RBI may front-load rate cut to Dec to support growth: DBS

The Monetary Policy Committee headed by RBI Governor Urjit Patel last month cut benchmark interest rates by 0.25 per cent to 6.25%

You can withdraw more than Rs 24k a week if you deposit valid currency in bank: RBI

Reserve Bank of India notification is aimed at encouraging people to deposit money in their bank accounts

After RBI's CRR spanner, banks can't cut lending rates as much as expected

Scrambling to manage liquidity, lenders want compensation to tide over the crisis

StanChart global lay-off to hit 40-50 banking staff in India

The rationale behind this exercise is to reduce duplication of work

Bandhan Bank, UCO and United Bank of India cut deposit rate

One of the factors that led to the rate cut was huge deposit mobilisation after demonetisation

ICICI Bank for rural digital push, 100 villages to be added

To create a digital ecosystem for the transaction and commercial activities in the far-flung areas of the country