Page 27 - Banking
YES Bank fallout: Additional tier-1 bondholders plan legal action
The RBI's draft reconstruction plan for YES Bank states that AT-1 bondholders shall not be entitled to get any compensation from the reconstructed bank
 "YES Bank fallout: Additional tier-1 bondholders plan legal action")
FM on Chidambaram's YES jibe: Self-appointed doctors created more problems
Finance Minister Nirmala Sitharaman on Friday hit back at senior Congress leader P Chidambaram for his jibe over crisis-hit Yes Bank's loan book swelling five times under BJP rule, saying "self-appointed competent doctors" created more problems in handling crisis at three banks during the UPA regime. She blamed Chidambaram for the crisis at Global Trust Bank in July 2004 and the problems at IDBI which had to merge with on-the-verge of collapsing United Western Bank in 2006. The Congress-led UPA had come to power in May 2004 and Chidambaram was the finance minister. Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, she said the crisis-hit lender's exposure to stressed corporates dates before 2014. "The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone ...
 "FM on Chidambaram's YES jibe: Self-appointed doctors created more problems")
Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI
Most analysts believe it is a positive step for the Indian financial sector as the the government has tried to avoid a repeat of IL&FS-like crisis
 "Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI")
How much money will you get if your bank goes bust?
The Rs 5-lakh cover brings around 93 per cent of all deposit accounts and 34 per cent of the value of deposits under it
 "How much money will you get if your bank goes bust?")
Indian banking: Challenges in the new decade
Shall we see the closure of the bad loan saga in the new decade? There is no Lehman or East Asian crisis to blame; it's our own doing
 "Indian banking: Challenges in the new decade")
Number of debit cards fall by 15% to hit two-year low in 2019: RBI data
Banks have stopped issuing suo moto cards for dormant accounts and moved to chip-based cards, weeding out many accounts
 "Number of debit cards fall by 15% to hit two-year low in 2019: RBI data")
No govt pressure; compulsions are different: Rajnish Kumar on SBI's lending
At Business Standard Banking Forum 2019, India's top bankers discuss the difficulties facing the country's financial services sector and what could be the way forward
 "No govt pressure; compulsions are different: Rajnish Kumar on SBI's lending")
BS Banking Forum 2019: 'Trust factor will always keep banks ahead of tech'
Rajesh Mirjankar, MD and CEO of InfrasoftTech, says it's a popular myth that bankers do not understand technology
 "BS Banking Forum 2019: 'Trust factor will always keep banks ahead of tech'")
BS Banking Forum 2019: 'Time for NBFCs to reinvent, recalibrate to survive'
Were RBI and govt slow to react to the NBFC crisis? There was an initial feeling that it was a one-institution problem, but going forward, the issue was recognised, says V Srinivasa Rangan
 "BS Banking Forum 2019: 'Time for NBFCs to reinvent, recalibrate to survive'")
Banking with Google
Regulators need to be watchful about sensitive financial data
 "Banking with Google")
Surjan Singh, ex-banker whose bromance soured after million dollar bribes
Surjan Singh is one of three former Credit Suisse bankers who have pleaded guilty to taking millions of dollars in bribes to arrange loans for maritime projects in Mozambique.
 "Surjan Singh, ex-banker whose bromance soured after million dollar bribes")
RBI mandates 67% variable pay component for brass of private, foreign banks
The regulator said if the variable pay is up to 200% of the fixed pay, at least 50% of it should be in non-cash
 "RBI mandates 67% variable pay component for brass of private, foreign banks")
IBPS PO Prelims Result 2019 out on ibps.in: Steps to download result
IBPS PO result 2019: Selected candidates will qualify for IBPS PO Main Exam 2019
 "IBPS PO Prelims Result 2019 out on ibps.in: Steps to download result")
As safe as the banks?
India cannot aspire to be a double-digit growth economy with a dysfunctional financial system
 "As safe as the banks?")
IBPS PO 2019: Online registration for 4,336 posts ends today; know details
IBPS PO 2019: Today is the last day to apply for 4,336 Probationary Officers (PO) and Management Trainee (MT) posts. Here's what you must know
 "IBPS PO 2019: Online registration for 4,336 posts ends today; know details")
SBI PO Mains result 2019 to be released soon: Steps to download marks
The SBI PO main exam was conducted on July 20, 2019, at various centres across the country
 "SBI PO Mains result 2019 to be released soon: Steps to download marks")
Banking, govt, critical infra most targeted by hackers in 2018-19: Cisco
About 26 per cent of these overall attacks cost organisations in the country upwards of $5 million each
 "Banking, govt, critical infra most targeted by hackers in 2018-19: Cisco")
Banks near zero hour on $124-trn flows as fintechs cut their share, margins
Traditional banks must raise their game to keep customers from fleeing to the likes of TransferWise and Revolut Ltd
 "Banks near zero hour on $124-trn flows as fintechs cut their share, margins")
IBPS PO 2019 recruitment: Apply now for 4,336 posts; all you need to know
IBPS PO 2019: IBPS is looking to fill 4,336 Probationary Officers (PO) and Management Trainee (MT) posts. Here's what you must know
 "IBPS PO 2019 recruitment: Apply now for 4,336 posts; all you need to know")
Customer complaints against banks surge 25% in FY18: RBI report
The 21 offices of the banking ombudsman received 163,590 complaints in 2017-18 (FY18), marking an increase of 24.9 per cent over the previous year
 "Customer complaints against banks surge 25% in FY18: RBI report")
