Thiruvananthapuram
29 C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Sunday, May 27, 2018

banking

SEBI warns PNB for late disclosures in Nirav Modi scam

PNB said that markets regulator SEBI has warned it for delay in disclosures to stock exchanges about the USD 2 billion fraudulent transactions allege...

Two independent directors of IDBI Bank quit

Two independent directors Ninad Karpe and S. Ravi have resigned from the board of state-owned IDBI Bank days after CBI filed FIR in connection with R...

PNB scam: RBI declines to share copies of inspection reports

The Reserve Bank of India (RBI) has declined to share inspection reports for scam-hit Punjab National Bank (PNB), citing RTI clauses that bar disclos...

Cash situation at ATMs improving, says SBI

India’s largest lender SBI said that cash availability at its ATMs has increased in the past 24 hours following reports of currency shortages a...

RBI net buys USD 1.665 bn of U.S currency in February

The Reserve Bank continued to remain a net purchaser of the U.S currency in February after it had bought USD 1.665 billion from the spot market. Duri...

HDFC hikes lending rate by up to 0.20%

Largest mortgage player HDFC upped its lending rates by up to 0.20 per cent, in line with similar moves by commercial banks. The increase in the Reta...

RBI bars banks from dealing with virtual currencies

The Reserve Bank of India (RBI) barred banks and financial institutions from dealing with virtual currencies including Bitcoins and said that it was ...

RBI keeps interest rate unchanged, lowers inflation projection

The Reserve Bank kept the key interest rate unchanged but cut its inflation forecast on lower food prices, sparking a rally in the stocks and bond ma...

PSU banks wrote off Rs 2.42 lakh crore loans in 3 yrs: Govt

Public sector banks (PSBs) wrote off Rs 2.42 lakh crore worth of loans between April 2014 and September 2017, the Rajya Sabha was informed. Writing-o...

Rs 59 cr fine on ICICI Bank for violating securities sale norms

The Reserve Bank has imposed a penalty of Rs 58.9 crore on the country’s leading private sector lender ICICI Bank for violating central bank...

SBI hikes interest rates on fixed deposits above 2 yrs

The State Bank of India, India’s largest bank, has increased the interest rates on its retail domestic term deposits (below Rs 1 crore) by up to 25 b...

'Metro Plus' card for IndusInd Bank customers launched

The Delhi Metro, in association with IndusInd Bank, launched a dual purpose Metro Plus’ debit card that will enable customers of the bank to us...

Bank of India shuts office in Yangoon

State-owned Bank of India said it has closed down its operations of representative office in Yangoon (Myanmar) from mid-January. “The Ministry ...

Kerala govt expect to get RBI nod for Kerala Bank

Reserve Bank of India clearance for the Kerala Bank, an ambitious concept of CPI-M led LDF government, is expected by the end of March. This was stat...

SBI closes 41.16 lakh savings accounts

State Bank of India has closed as many as 41.16 lakh savings accounts between April-January in the current fiscal year for not maintaining the averag...

RBI discontinues LOUs/LOCs issuance for trade credit for imports

The Reserve Bank of India (RBI) announced discontinuation of the issuance of Letters of Undertaking (LOUs) and Letters of Comfort (LOCs) for trade cr...

SBI reduces charges on non-maintenance of minimum balance

The State Bank of India reduced its charges on non-maintenance of an average monthly balance (AMB) in savings account by up to 75 per cent, effective...

PNB may be given 1 yr to provision against Rs 12,646 cr fraud

The Reserve Bank may provide four quarters to Punjab National Bank (PNB) for making provisions against the country’s biggest ever banking fraud...

PNB may be given 1 yr to provision against Rs 12,646 cr fraud

The Reserve Bank may provide four quarters to Punjab National Bank (PNB) for making provisions against the country’s biggest ever banking fraud...

FinMin tells banks to collect passport details of big borrowers

The Finance Ministry has directed state-owned banks to obtain passport details of all borrowers, who have taken loans in excess of Rs 50 crore, withi...

RBI slaps Rs 3 cr penalty on Axis Bank, 2 cr on IOB

The Reserve Bank said it has imposed a penalty of Rs 3 crore on Axis Bank for violation of NPA classification norms, and Rs 2 crore on Indian Oversea...

Good news! SBI hikes deposit rates

State Bank of India (SBI) hiked its retail deposit rates by 10-50 basis points (bps) across various maturity baskets. In an announcement on its websi...

SBI set for restructuring its business in U.K

State Bank of India (SBI) is set for a major restructuring of its business in the U.K from April, India’s largest state-owned bank has said. SB...

Enough assets to meet any liability, says scam-hit PNB

State-owned PNB said it has followed lawful avenues to recover its dues following Rs 11,400 crore swindling of funds allegedly by jewellery designer ...

SBI Card cautions customers against Bitcoin investment

SBI Card cautioned customers of risks associated with bitcoin and other crypto-currencies, but did not ban use of its credit card for such investment...