Page 25 - Banking

Are you eligible for refund under interest waiver scheme? Check new rules

The government clarified that borrowers will be entitled to get a refund on an aggregate sum of Rs 2 crore borrowed from the banking system,

Credit growth inches up to 5.66% in October amid increased activity: RBI

With the unlocking process on course, festival season is expected to lead to further rise in demand for credit

HDFC Bank m-cap tripled in 6 yrs. But this rare bear on the stock still made money

After a 63% rebound from its March low, HDFC Bank's stock is too expensive given the risks related to management change and asset quality

Recovery of shadow banks in doubt as lenders take a hit from Covid-19

Average spreads on the lenders' AAA rated five-year bonds rose for the first time in four months in September

Have a wider pan-India presence after merger, says Indian Bank MD & CEO

Loan restructuring requests coming in a trickle, says Padmaja Chunduru

Now, RTGS payment system to be available around the clock, says RBI

While NEFT was made a 24x7 system in December, 2019, RTGS will also become one in December, 2020

Axis Bank joins India's top private lenders to offer pay hikes up to 12%

Axis Bank Ltd. will increase staff salaries between 4% and 12% from Oct. 1 based on performance, according to people with knowledge of the plans

Troubled lender YES Bank's Q2 loans up 1.4% over Q1FY21 to Rs 1,66,854 cr

The loan book shrunk by 2.7 per cent in six months, when compared to outstanding loans of Rs 1,71,443 crore at end of March 2020

This is not the time to lock yourself into long-term fixed deposits

If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns

Loan moratorium: SC adjourns hearing to Oct 5 as govt seeks more time

The apex court had earlier adjourned the hearing on September 10 directing that all decisions taken by the RBI, the Government of India, or the banks be placed before it for consideration

Huge liquidity surplus unlikely to be inflationary, say economists

Instead of pushing up inflation, the huge surplus liquidity, bordering at Rs 7 trillion daily, is helping in policy rate transmission and aiding govt to borrow at a cheaper rate

Turning banking on its head

The focus in banking has always been on protecting the depositors. Should the rules be rewritten, giving borrowers precedence?

HDFC's all-time low core valuations offer an interesting proposition

Trading at 1.3x price-to-book, the asking price of the mortgages business fails to capture some of the key developments

Unlock BFSI 2.0: Banking — Capital is the key

In this special Business Standard webinar, where RBI Governor Shaktikanta Das delivers the keynote address, the biggest names in the banking industry discuss the importance of capital in these times >

Ujjivan Small Finance Bank expects decline in interest, fee incomes in FY21

The surplus liquidity carried as a buffer for the crisis period has led to a slight increase in finance cost for the last week of March

Hijacking bankers to catch swindlers won't work, consolidate relationships

The biggest victim is a state-dominated banking system that recoups very little from insolvent companies

Tamil Nadu bank branches to work with 50% staff under new guidelines

Move follows objection and strike threat by unions over earlier instruction calling for 100% attendance

Top headlines: Modi unveils Taxpayer Charter; India regains $2-trn m-cap

From India regaining $2-trillion market capitalisation to Centre giving 5-month extension to renewable projects, here are top headlines this morning

Axis Bank raises Rs 10,000 cr via allotment of equity shares to QIBs

The board of the bank had last month approved the Rs 15,000 crore fund raise plan. The QIP was okayed by shareholders at the annual general meeting held on July 31, 2020

HDFC Bank cuts MCLR by 10 bps across tenors, effective from today

After the rate reduction, its overnight MCLR stands reduced to 7%, while one-month MCLR is 7.05%, according to the HDFC Bank website