Page 939 - Finance News

Utkarsh Micro Finance gets RBI's final nod for SFB

The new SFB will be named as 'Utkarsh Small Finance Bank Ltd' and is likely to start banking operations in early 2017

Accounting meets religion in challenge for Islamic banks

Banks around the globe are gearing up to implement IFRS 9 from January 2018, posing a particular challenge for many Islamic finance contracts

Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, banks are preparing themselves to face the huge rush

RBI's repo auction to inject Rs 2 lakh crore into the system

Move to provide banks the liquidity to meet the new CRR requirement announced this weekend

Bond yields to rise on incremental CRR

About Rs 3.5 lakh cr came into bank coffers as deposits between Sept 16, 2016, and Nov 11, 2016

Demonetisation: 55% of cash returned to SBI from beyond urban hubs

SBI got Rs 1.93 lakh cr from November 10-25 in cash deposits

Note ban: ICICI Bank presses into service mobile branches

This initiative is in line with the bank's commitment to extending banking services to remote locations of the country

Citi India waives debit card fees for merchants to encourage digital payments

It also acquires Rupay cards of the National Payment Corporation of India

SBI expects RBI nod on merger of associate banks soon

With the merger of all the five associates and BMB, SBI will become a global-sized bank

SBI records of loans to Adani firms cannot be disclosed: CIC

The order of the Commission came on a plea by Ramesh Ranchordas Joshi

Defending INR: RBI wades into currency pool, and swims rupee to safety

The rupee closed at 68.47 a dollar, from its previous close of 68.75 as the central bank intervened at multiple points

Banks' loans rose 7.9% in two weeks to Nov 11, says RBI

While bank deposits rose Rs 1.31 trillion to Rs 101.15 trillion in the two weeks to November 11

Axis managers under IT scanner after Rs 3.5 cr recovery

Bank claims of following due procedure

DCCBs must get tech-savvy post demonetisation: Nabard chairman

He adds they have a long way to go in offering digital services

SBI to raise Rs 5,681 crore from preferential issue to govt

The funds raised will help the bank meet global risk norms, Basel III, which will kick in from March 2019

Banks focus on a few states creating bad loans: Cibil

The highest NPAs, of over 15 per cent, are in leather, textile and steel industries

The curious case of Jan Dhan deposits spiking in West Bengal

West Bengal has the third highest number of Jan-Dhan accounts among all states, next to Uttar Pradesh and Bihar

Rs 1.20 lakh crore deposited in SBI: Arundhati Bhattacharya

The amount has been deposited during the last 15 days after demonetisation of high denomination notes

Report holds Hitachi responsible for debit card data theft

Earlier, when the news of the data theft came to light, Hitachi had denied that its systems were compromised

HDFC Bank's Aditya Puri only Indian on Fortune's top businessmen list

In its report, the magazine said that under Puri, the bank posted a net profit of $1.9 billion last year