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Indian Banks
Lenders in talks to sell some non-core assets of Future Group
MUMBAI Lenders at Future Retail Ltd are in initial talks about whether they should take a more active role in offloading some of the group's non-core assets in a bid to collect their loans, a person familiar with…
Bank’s final stage capital injection could take shape in Q4
NEW DELHI : The government is proposing to recapitalize public sector banks (PSBs) that have emerged from the Reserve Bank of India (RBI) Quick Corrective Action (PCA) framework and may need additional funds to…
2021 was about high risk and high return
While term deposits gave negative returns after adjusting for inflation and gold was a losing investment (all returns were as of December 17), stock prices surged and cryptos exploded. It was also the year when sectors…
In Parliament: Crypto and banking privatization bills postponed
Before the winter session, the government had listed 26 new bills, including the three bills above. However, the three bills as well as the one on reforms in the electricity distribution sector appear to have been withdrawn from the…
Cnbctv18 Presents Financial Services Cloud Symposium Powered by Aws
Digital transformation amidst disruptionWith the rapid adoption of digital across all touchpoints with consumers across industries, the financial services industry in India has started to disrupt itself through FinTech using enablers (like…
Banks write off Rs 2.02 lakh crore in FY21; Rs 10.7 lakh crore crore in the last 7 years
Banks wrote off Rs 2,02,781 of bad debts in the fiscal year ended March 2021 when the Covid-19 pandemic hit the country and the Reserve Bank of India (RBI) allowed banks to announce relief as a moratorium on loans for borrowers.
Along with…
US inflation hits its highest level in 40 years; should India be worried [details]
Booster shots needed to protect people from Omicron variant, according to BioNTech…
RBI policy to steer Indian stock markets; RIL, Nestlé India, Vedanta in brief
MUMBAI: Indian stock markets will take inspiration from the Reserve Bank of India's monetary policy statement on Wednesday, while SGX Nifty futures suggest a positive opening for domestic benchmarks.…
Top 5 banks offering the highest interest rate on senior term deposits
Top 5 Senior Citizen Bank Fds for 1 year of service For a one-year term, Fd seniors can earn a maximum of 6.5% per annum interest compounded quarterly. Again, Yes Bank, IndusInd Bank and RBL Bank top the rankings.…
Explained: What’s in ART, surrogacy bills
Wednesday, Lok Sabha passed away Assisted Reproductive Technology Regulation Bill 2020, which provides for the safe and ethical practice of assisted reproductive technology (ART) services in the country.
Another key bill to protect women's…
Despite the privatization of PSU banks, low cost banking needs a digital approach
Web exclusivity
The banking perimeter is much larger than what can be read from the current rate of growth of credit to industry, which only increased to 4.1% in October 2021 against…
Branches added by banks in FY21 at decade low
Banks added just 1,383 branches in FY2021, the lowest in a decade, as banking through alternative channels such as digital and commercial correspondents (BCs) gained ground in the past. in the midst of the Covid-19 pandemic.Banks…
“Financing sustainable agriculture to fight climate change” | Chandigarh News
Bathinda: The CFA Institute, a global association of investment professionals, has called on Indian banks, venture capitalists, multilateral development institutions and policy makers to catalyze private capital for sustainable…
SBI, Axis, Canara Expected To Increase Rs 7,500 Crore Via AT I Bonds By 2022
Three commercial banks, including State Bank of India (SBI), Canara Bank and Axis Bank, are expected to raise around Rs 7,500 crore through additional Tier I (AT I) bonds by the end of December 2021 They will benefit from being…
New India Co-op Bank suffers loss and does not pay dividends
Maharashtra-based New India Cooperative Bank recorded a net loss of Rs 6.14 crore in fiscal year 2020-21. Earlier, i.e. in 2019-2020, the bank made a net profit of 5.17 crore rupees.In addition, the bank did not announce any dividends for…
Heritage Week: ASI and INTACH officials focus on the fate of unprotected structures
The centuries-old Patna Collectorate spanning 12 acres and although it is one of the last signatures of Dutch architecture in Bihar and featuring high ceilings, huge doors and hanging skylights, n is not protected by ASI or the state…
IBA in trouble for helping former SBI Chairman Pratip Chaudhuri
The Association of Indian Banks (IBA) is unsure whether it can offer assistance to former State Bank of India (SBI) Chairman Pratip Chaudhuri in the recent case of alleged mispricing of a distressed asset , said a…
Latest Updates: National Grid Predicts Top End Profits on Soaring Energy Prices
Nvidia said on Wednesday that it still believes its planned acquisition of Arm will benefit customers of the UK chip design company and the industry as a whole, just a day after the UK launched a national security investigation into the…
With the acquisition of Air India by Tatas, we will have responsible competition: CEO of IndiGo
With the aviation industry facing massive headwinds over the past two years, IndiGo has also been hit hard. Activity area spoke with Ronojoy Dutta, CEO of IndiGo, to understand the company's flight plan to compete with a host of new…
Chhath Puja celebrated in the United States by American Indians
The Chhath Puja was celebrated with religious fervor by American Indians in the United States.
Hundreds of Indian Americans have flocked to the banks of rivers, lakes and makeshift bodies of water across the…
The North Texas Food Bank recognizes the $ 150,000 commitment of
Dallas, Nov. 08, 2021 (GLOBE NEWSWIRE) - The North Texas Food Bank (NTFB) hosted a special event at its Perot Family Campus in Plano on Saturday, November 6, 2021, to recognize HungerMitao's sponsorship of a distribution truck food…
No Ram Rajya yet | Indian express
It was Ayodhya's images this Diwali that inadvertently highlighted to me the flaws in politics and governance in the ânew Indiaâ. The first image was of the Chief Minister wearing a saffron turban to…
S1FY22 Report: Slow Growth in Business Lending, Low Margins Affect Big Banks’ NIIs
PNB management attributed the decrease in the NII to the one-time impact of a legal embargo on the recognition of bad debts during the September quarter of fiscal year 21.As loan growth in the corporate segment slowed and low interest…
CBI files new case against Topworth Group and its promoters
THE CENTRAL Bureau of Investigation (CBI) has registered a new case against Mumbai-based Topworth Steel and
Power Pvt Ltd, its promoters Surendra Lodha and Abhay Lodha, and officials unknown for alleged loan fraud of Rs 63.10 crore. The…
IBA welcomes the proposed staff accountability standards
Our office The finance ministry's decision to ask public sector banks (PSBs) to complete the staff accountability exercise within six months from the date an account is classified as non-performing asset (NPA ), will boost employee…
Protesters target London banks ahead of climate summit – The Indian Panorama
London (TIP): Protesters began rallying on October 29 in the heart of London's historic financial district to lobby against the use of fossil fuels ahead of the start of the United Nations climate summit in the Scottish city of…
Closing bell: Sensex, Nifty drops more than 1% for second day, private banks pull the market the…
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Indians paid 9,700 crore rupees in hidden exchange fees
MUMBAI: Indians paid nearly Rs 9,700 crore in hidden fees in inflated exchange rates while making remittances in 2020. This is over a third (36%) of the total fee of 26 Rs 300 crore Indians paid to send money over their country borders.…
Multilateral development banks should step up private capital mobilization for inclusive green…
NEW DELHI: Multilateral development banks like AIIB must step up private sector capital mobilization for inclusive and green development, Finance Minister Nirmala Sitharaman said on Tuesday. Attending the sixth annual meeting of the Board…
DBS Bank India finalizes its first active loan
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DBS Bank India announced the first active transition of an existing loan and derivative to new benchmarks.
DBS successfully transitioned some of the existing loan and derivative…
Here’s everything you need to know about the new bank locker rules
New Delhi | Jagran Business Office: The Reserve Bank of India (RBI) has decided to change the rules for bank lockers and announced new guidelines for safe deposit in lockers and safe custody facilities offered by banks. The…
RBI publishes draft standards to implement Basel III capital framework for AIFIs – The New…
Through Express news service
The RBI on Friday released a draft framework on the general guidelines for the implementation of the Basel III capital framework for all Indian financial institutions (AIFI),…
Opening of the subscription to the sovereign gold bond on October 25
Investors will be indemnified at a fixed rate of 2.50 percent per annum payable semi-annually on the face valueSovereign Gold Bonds: The next tranche of 2021-22 gold sovereign bonds will be open for subscription for five days from October…
October 20 News Headlines: Aryan Khan Moves Bombay HC; SC withdraws UP government in Lakhimpur…
Aryan Khan | Photo credit: ANI
Highlights
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Restructuring expected to be highest for MSMEs, would lead to an 18% jump in stressed workers this…
In September, the government extended the ECLGS until March 31, 2022, or until guarantees for the overall cap of Rs 4.5 lakh crore are issued, whichever comes first.Credit and financing for MSMEs: Banks' gross non-performing assets…
Sensex wins 400 points; Clever around 18,500; banks, metallic lead
Markets were going strong when trade opened, with Sensex surging more than 500 points to a record 61,863.09. Nifty was hovering around 18,500 points. Asian markets struggled on Monday as inflation concerns returned to the fore,…
Wall Street Banks Return to Profits When Fed Withdraws Stimulus
Wall Street banks have been among the biggest beneficiaries of the pandemic-era trade boom, fueled by the massive injection of liquidity by the Federal Reserve into financial markets.
As the central bank nears the time to start cutting…
“With the road fully accessible, efforts are being made to further liberalize REIT debt…
T Rabi Sankar, Deputy Governor of the Reserve Bank of India (RBI), at the 5th annual Indian Association of Foreign Exchange Traders (FEDAI) day, said on Friday that there was an effort to further liberalize flows of the REIT's debt, with…
Deciphering the RBI’s Monetary Policy Statement
The RBI's Monetary Policy Committee kept key rates unchanged and maintained an accommodative stance in its October review. As expected, the policy statement was conciliatory. Clearly, Mint Road does not yet want to label the ongoing…
Pandora Papers Explained: How The United States Is Helping Wealthy Foreigners Protect Their Assets
A mention of "tax havens" usually conjures up images of sunny Caribbean escapes like the Cayman Islands or the button-up shores of Switzerland. Not South Dakota.
But a report detailing how world leaders and some of the richest people on…
Most PSUs on Government Privatization List Created by Private Sector: Sanyal
Senior economic adviser Sanjeev Sanyal also said the government would not hesitate to create new public sector entities where needed.
Defending the privatization policy, Senior Economic Advisor Sanjeev Sanyal said on Saturday…
Fitch lowers India’s GDP growth forecast for fiscal 22 to 8.7%
Projections for 2021-22 compare to a 7.3% contraction recorded in the last fiscal year and 4% growth in 2019-20
Fitch Ratings cut India's economic growth forecast to 8.7% for the current fiscal year, but raised the GDP growth…
Stocks to watch: RIL, ZEEL, Sobha, Lupine, Nazar Tech, Titan, Inox Wind
Shrewd futures on SGX rose 149 points to 17,777.50 around 8:45 am, indicating a start of a spread for benchmarks on Thursday. Here are the main actions to follow during today's session:
RIL: A few days after the breakdown of…
On the Pandora Papers List: An IRS Officer and Former Chief IT Commissioner
Two former Indian Revenue Service agents, one who was arrested for alleged bribery and money laundering, and another who was chief income tax commissioner, have bank accounts in Switzerland, according to an investigation of Pandora Papers…
Odisha: In Maoist Affected Quarter, Spotty Electricity, Internet Means Long Lines In Front Of Banks
Tilotama Majhi stands in a long line outside the Musanal branch of the State Bank of India, cradling his toddler son. This is her second visit to the bank in three days and she still doesn't know if she can withdraw the 1,000 rupees she…
DoT asks 3 weeks to review telecom decision
New Delhi: The government plans to withdraw lawsuits against the telecommunications companies, involving disputes of approximately ??40,000 crore, according to a source.
With this in mind,…
rbi: the RBI allows banks to write off additional liabilities after the review of family pensions
MUMBAI: The Reserve Bank on Monday authorized banks to write off the additional liability for the family pension review over five years from 2021-2022. Banks, the RBI said, will be required to appropriately disclose the accounting policy…
Amazon Great Indian Festival: Best Food Bank Deals You Can’t Miss
Power Banks can save your life when your smartphone is running out of charge and you can't find a power outlet. Here are some great food bank deals you can get as part of Amazon's Great Indian Festival sale. STRONG POINTSThe Ambrane 5000…
RBI clears Emirates NBD bank to open two more branches in India: Goyal
Dubai: Amid growing business ties between India and the United Arab Emirates, the Reserve Bank of India has authorized Emirates NBD, the public bank of the United Arab Emirates, to open two additional branches in India, Commerce…
HSBC India offers 6.45% home loans on balance transfers
MUMBAI : HSBC India has cut its mortgage interest rates by 10 basis points (bps) 6.45% per annum for customers who transfer their home loans to the bank.
This special rate, the…
Public holidays in October 2021, India: List of bank closing days
Banks will remain closed for a total of twenty-one days in October due to the October 2021 public holidays. According to the Reserve Bank of India's (RBI) holiday calendar listing, the twenty-one public holidays are State…
India’s current account becomes in surplus during June quarter
MUMBAI: India's current account balance turned in surplus during the three months of April to June, largely due to a shrinking trade deficit, the Reserve Bank of India said on Thursday in a statement. Analysts, however, predicted that the…
Zee Entertainment, Coal India, HDFC AMC, NTPC, IndusInd Bank, Indian Overseas Bank at a glance
SGX Nifty was trading with losses Thursday morning. (Photo: REUTERS)SGX Nifty was signaling a flat to negative start for domestic stocks on Thursday morning. Sensex and Nifty have already corrected for two consecutive days, but still…
RBI Removes Indian Overseas Bank From Rapid Remedies Framework
The Reserve Bank of India took public sector lender Indian Overseas Bank (IOB) out of the Rapid Corrective Action Framework (PCA) (PCA) on Wednesday due to improving its financial and credit profile. The move gives the…
dhfl: ED attaches the assets of Rs 578cr from Wadhawans
MUMBAI: The Directorate of Enforcement (ED) provisionally seized assets worth Rs 578 crore (Rs 57 million) from Wadhawan Global Capital UK Ltd (WGCL) in a fraud case involving Dewan Housing Finance Corporation Ltd (DHFL). The attached…
Indian Bank integrated as partner bank for offline and online cash collection
Outlook
September 28, 2021 7:34 PM IST
Indian Bank integrated as partner bank for offline and online cash collection
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Half of October are public holidays | Calcutta News
Calcutta: There is bad news for retirees and those who need to go to the bank. All banks are said to be closed for almost half of October, the holiday month. In West Bengal, a total of 14 days would be public holidays in October, making…
Humiliated tech moguls swear allegiance to Xi’s vision
NEW DELHI: Chinese tech moguls have lined up to pledge their support for President Xi Jinping's "common prosperity" policy and the market's disruptive regulatory assault on the digital sector, at the country's annual internet conference .…
The Reserve Bank of India’s green focus is likely to change the way it is funded
As the world suffers from out-of-season rains and cyclones, sporadic forest fires that last for days, burning assets worth billions to ashes, extreme weather events have become a crucial…
Israeli troops kill four Palestinians in West Bank clashes – the New Indian Express
Through Associated press
JERUSALEM: At least four Palestinian gunmen were killed in shootings with Israeli security forces during a massive West Bank arrest operation against Islamic militant group Hamas on…
Government Provides Quality Health Care to 500 Million Indians, Prime Minister Modi Says to Global…
New Delhi: Prime Minister Narendra Modi addressed the Global Citizen Live event on Saturday and said the central government provides free, quality health care to 500 million Indians. He added that it was good news that…
Checkbook of these 3 PSU banks to become invalid from next month. Details here
Checkbook holders of three public sector banks - Allahabad Bank, Oriental Bank of Commerce and United Bank of India - are advised to apply for a new checkbook as their old existing checkbook will become invalid from…
bad bank: the stages of good, bad and agla: it seems that there is only one way for the bad bank of…
From storytellers on Dalal Street to lawmakers in Delhi, everyone is banking on the wrong bank to do a good job. Shares of state-owned banks rose last week, with the largest lender, the State Bank of India (SBI), reaching a new high, when…
Indian Sensex Breaks 60,000 Tech Bar, Bank Stocks Rise
A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India on March 6, 2020. REUTERS / Francis MascarenhasBENGALURU, Sept.24 (Reuters) - India's benchmark Sensex broke the 60,000 mark for the first time on Friday, driven by…
EXIM Bank of India: India signs a pact for social housing in the Maldives
EXIM Bank of India has entered into agreements with Fahi Dhiriulhun Corporation Limited (FDC) of the Maldives to provide credit to buyers of approximately $ 228 million for the construction of 4,000 social housing units in Phase II of…
Bank of India to raise up to Rs 1,800 crore via Basel-III Level II NTMs
NCDs will have a base issue of Rs 1,000 crore, with an over-subscription retention option of Rs 800 crore. "The date of the tender has not yet been set, but the probable date is September 28 or 29," said an arranger familiar with the…
Indian stocks end flat as private banks lag; media actions explode
BENGALURU (Reuters) - Indian stocks closed flat on Wednesday as major private bank shares fell and offset large gains from Coal India, while media companies soared on news of the merger of Zee Entertainment with a rival.
The…
Ignore volatility, invest additional liquidity in a Chinese fund: Edelweiss MF
Edelweiss Asset Management Company, which has a fund of funds (FoF) feeding the JP Morgan Greater China fund, has asked its investors with available cash to invest more in the fund.
Recent…
Karnataka: the BJP bets on the stands to establish itself in the JD (S) Mandya bastion | Latest…
The Bharatiya Janata Party (BJP) worked to mobilize support in the Mandya district of Karnataka, about 100 km from Bengaluru, keeping in mind the zilla and taluka panchayat elections although the polling dates have not yet been…
Akash Deep relies on Indian Premier League net profit
He is delighted to have joined the Royal Challengers Bangalore…
Kapoor: Yes Bank-DHFL case: Rana Kapoor’s wife, her daughters placed in pre-trial detention
MUMBAI: A CBI special court in Mumbai on Saturday denied bail to the wife and two daughters of Yes Bank founder Rana Kapoor in a counterpart case involving private sector lender DHFL and placed them in pretrial detention for 14 days.…
Indian stocks hit highs, envision weekly 2% jump as banks extend rally
A broker reacts by trading on his computer terminal at a brokerage firm in Mumbai, India on February 26, 2016. REUTERS / Shailesh Andrade / File PhotoBENGALURU, Sept. 17 (Reuters) - Indian stocks hit all-time highs on Friday and were on…
Ministry of Finance calls on Association of Indian Banks to play “pivotal” role in…
Through PTI
NEW DELHI: The Ministry of Finance on Wednesday September 15, 2021 asked the Association of Indian Banks (IBA) to play a central role in the resurgence of the economy during the 75th year of India's…
India’s foreign exchange reserves increase by $ 8.895 billion to a record high of $ 642.453…
India's foreign exchange reserves rose $ 8.895 billion to a record high of $ 642.453 billion in the week ending September 3, 2021, according to data from the Reserve Bank of India (RBI). According to RBI data, foreign exchange reserves…
Thinking of opening a zero balance savings account? Here is a list of banks with the best interest…
Since maintaining a minimum balance in a savings bank account is a difficult task, many people prefer a zero balance savings account where they are not required to maintain a minimum balance. Most banks require their customers to maintain…
You must beware! If you received this message on behalf of ‘Govt Yojana’. It’s a…
You have received a message telling you that your bank account has been credited with ??2,67,000 under âGouv. Yojana â?
If so, then beware of these misleading…
Bank of India share price: Biggest winners and losers of the day: Zen Tech soars 20%; Bank of India…
New Delhi: After a strong recovery, the domestic stock market paused on Wednesday and stabilized lower, thanks to profits on computer, financial and metal stocks. Despite favorable GDP data, benchmarks were unable to maintain their…
Goldman Sachs, Kotak, ICICI among 10 banks shortlisted to handle LIC IPO
A man talks on a cell phone outside the branch of the Life Insurance Corporation of India (LIC) in Mumbai. Photographer: Himanshu Bhatt / NurPhoto / Getty Images via Bloomberg
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Sebi orders the thaw of bank accounts, demat, MF folios of Rana Kapoor
NEW DELHI: Market regulator Sebi on Wednesday ordered the thaw of bank accounts as well as stock and mutual fund holdings of Rana Kapoor, former managing director and CEO of Yes Bank. Kapoor is currently in judicial custody after being…
Borrowers cautioned against rushing to court in repossession cases
Chennai: While rejecting a plea in this regard, the First Bench consisting of Chief Justice Sanjib Banerjee and Justice PD Audikesavalu said: âIt is elementary that the courts do not rewrite contracts on behalf of the…