Page 89 - Banks

Maruti Suzuki seeks better lending terms for dealers amid liquidity crunch

As sales falter, banks tighten lending norms for auto dealers

Banks may seek consent before allowing transfer of funds to your account

The move is a follow-up to instances of illicit deposits - after demonetisaton - in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana

Banks may take majority stake in DHFL, convert part of debt into equity

DHFL owes banks Rs 40,600 crore. It also has a liability of Rs 45,380 crore to pay the holders of debentures and bonds

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

Slow revenue growth of top four US banks likely to affect Indian IT firms

According to the HSBC report, top line growth of the top four US banks fell to around 2 per cent in the second quarter ended June this year, as compared to around 5 per cent in the previous year

63% banks report decline in NPA in infra sector in six months: Ficci-IBA

57 per cent of banks surveyed said engineering goods has seen a reduction in NPA levels

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

Basic savings accounts in co-op banks should be made free, says RBI

The BSBD Account shall be considered a normal banking service available to all, RBI said

Valuations of banks could go up in 12 months: Morgan Stanley's Anil Agarwal

The challenge for wholesale-funded institutions whether it's a bank, non-bank or housing finance company, is that they cannot lend because they are struggling with liquidity, says Anil Agarwal

No, private sector banks were not blameless; nationalisation was inevitable

Bank nationalisation was not driven by leftist ideology but by a sense of drift in the country and by banks dragging their feet on serving rural areas

Sector watch: Are banks looking at a stable June 2019 quarter?

Experts see stability to return to the liquidity-crisis hit sector, but caution that the financial sector is not completely out of the woods yet

Injunction On Bank Guarantee Upheld

Injunction On Bank Guarantee Upheld

State-run banks may get flexibility in deciding employees' salaries

Workmen and officer unions likely to hammer out separate deals

Bank digitisation creates new jobs: Robot programmer to blockchain expert

The shift towards digitisation has also led to the growing importance of digital officer

Wilful defaulters in nationalised banks up by 60% in five years: Govt

Recovery of Rs 7,654 crore has been done from wilful defaulters' accounts during the last five financial years, said the Finance Minister

Banks want current tax benefits extended to three-year deposits

Non-banking finance firms sought an exemption from the requirement to deduct tax at source (TDS) for interest payments

Bank credit, deposit growth lose momentum; non-food credit increases 11.9%

Non-food credit increased 11.9% in April from 10.7 percent in April 2018

Travails of a 'priority' customer

One of the pleasures of visiting your bank branch in a small town is that you are immediately shown into the manager's room

Investors likely to be tight-fisted as private banks look to raise capital

As a clutch of private banks set out to raise capital, the quality of assets and governance will hold the key more than ever before as to how the sector is seen from hereon

Banks take 57% haircut in 94 cases worth Rs 1.75 trillion resolved in FY19

As of March, there were 1,143 cases pending at various bankruptcy tribunals, and 32 percent of them are pending for over 270 days