Page 940 - Finance News

Govt asks Nabard to disburse Rs 21,000 crore to farmers

Shaktikanta Das said Nabard will disburse the money to farm cooperatives for onward payments to farmers

Airtel starts India's first payments bank service, to pay 7.25% interest on deposits

Begins pilot in Rajasthan; customer's Airtel mobile number to be his or her bank account number

SBI, HDFC Bank to accept UPI payments

Transactions through UPI were not picking up as daily transactions through the platform stood at a moderate figure of 10,000

Piramal to offer lease rental discounting to developers

Offers higher loan to value, flexi repayment

BRICS bank grants $350 million loan for MP road project

Project has one of the largest installed capacities among projects with similar design in China

2,071 industrialists owe Rs 3.89 lakh crore to banks: Gangwar

Gangwar says NITI Aayog has not moved any proposal to create a bad bank to hold the stresses and non-productive assets and loan recovery of banks

Allow co-operative banks to deal with demonetised currency: Bank staff to govt

District central co-operative banks are dealing with over Rs 6 lakh crore towards working capital in the country

Data breach: 73 SBI cardholders reported fraud withdrawals

SBI has informed that it has blocked about 6 lakh cards, MoS for Finance Santosh Kumar Gangwar said

Fitch says note ban impact to be mixed, retains 'negative' outlook for banking sector

Given the mixed impact, India's banking sector could remain constrained by the 'under-capitalisation' of state-owned banks

Note ban impact: Bank deposits exceed withdrawals by nearly 5 times

Between Nov 10 and 18, withdrawals stood at Rs 1,03,316 cr and deposits at Rs 5,11,565 cr

Demonetisation: Govt teams to make countrywide assessment by Friday

The teams will assess the availability of currency in the network of bank branches, ATMs and post offices

Banks get Rs 5.4 lakh cr of scrapped notes, people withdraw over Rs 1 lakh cr

On November 8, 2016 the government had withdrawn legal tender status for old 500, and Rs 1,000 currency notes

Demonetisation: RBI gives small borrowers 60 extra days to repay credit

This relief applies to dues payable between November 1, 2016, and December 31, 2016

Hit by currency purge, MFIs to go cashless

Almost all of the proposed small finance banks are expected to be launched in the next quarter

Marriage after December 30? Sorry, no Rs 2.5 lakh for you

The money can be withdrawn only from credit balance as on Nov 8 i.e the day demonetisation was announced

Demonetisation effect: GDP to fall by up to 80 bps, says DBS

Brokerage said there will be an impact on consumer goods and discretionary spending for at least 2 quarters, which will impact growth till March 2017

Insolvency & Bankruptcy Code may help unlock Rs 25K cr NPAs: Report

He said the capital released can be deployed for other productive lending which could help in credit expansion

Banks get about Rs 5.44 lakh crore worth of scrapped notes

The banks also disbursed Rs 1,03,316 crore over the counter and via ATMs between Nov 10 to Nov 18

Are your Rs 10 coins being rejected? All you need to know about India's fake currency business

While the government is trying to curb the menace of black money, India continues to grapple with fake currency coins/notes

Now, you can withdraw up to Rs 8,414 with a tap on your smartphone

This would make it harder for criminals to misuse customers' accounts by 'protecting them from card skimming'