Thiruvananthapuram
26 C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Sunday, July 22, 2018

banking

RBI to issue new Rs 100 notes shortly

  The Reserve Bank of India will shortly release the new Rs 100 currency note, the Central Bank said in a press release.The new currency note wi...

IDBI Bank seeks govt nod for majority stake sale to LIC

The board of IDBI Bank decided to seek the government's decision on LIC's proposal to acquire up to 51 per cent stake in the debt ridden bank. The bo...

LIC gets board's nod to buy majority stake in IDBI Bank

The LIC board gave approval to the insurance behemoth to acquire IDBI Bank by raising stake to 51 per cent via preferential shares, Economic Affairs ...

PNB's big wilful defaulters' dues fall to Rs 15,354 cr in June

Dues from big wilful defaulters of Punjab National Bank fell by 0.87 per cent to Rs 15,354.52 crore on June 30 compared to previous month, the bank d...

Banks working closely with U.K authorities to recover dues from Mallya: SBI MD

Indian banks are working very closely with the U.K authorities to recover maximum out of assets owned by Vijay Mallya after a British court allowed t...

Unsecured bank loans rise four-times in FY15-18: Report

Banks' unsecured loan book has grown four times the bank credit during the past three years, helped by a rise in discretionary spending, technology-d...

SBI, other banks using AI big time to improve efficiency, cut costs

Indian banks, including state-owned SBI and Bank of Baroda, have started deploying artificial intelligence (AI) in a big way to improve efficiency, d...

LIC gets IRDAI nod to buy stake in IDBI Bank

Insurance regulator IRDAI permitted LIC to pick up to 51 per cent stake in the debt ridden IDBI Bank, sources said.LIC currently hold 11 per cent sta...

RBI proposes Board of Management in Urban Co-operative banks

The RBI proposed that all Urban Co-operative Banks (UCBs) having deposits of over Rs 100 crore will have to set up a Board of Management within one y...

Chanda Kochhar to remain on leave till probe over: ICICI Bank

The ICICI Bank announced that its CEO Chanda Kochhar will be on leave till the completion of the internal enquiry against her in the Videocon loan sc...

RBI Governor assures steps to strengthen banking system

RBI Governor Urjit Patel faced tough questions from a parliamentary panel on bad loans, bank frauds, cash crunch and other issues even as he assured ...

PSU banks suffer whopping Rs 87,000 cr loss in 2017-18 fiscal

Losses of public sector banks crossed a whopping Rs 87,300 crore in 2017-18 fiscal, topped by scam-tainted Punjab National Bank which took a hit of n...

Syndicate, OBC, Bank of India raise rate by up to 0.15%

Joining peers, three state-owned lenders announced raising interest rate in the range of 0.05-0.15 per cent. Bank of India has hiked the marginal cos...

RBI launches Financial Literacy Week, focus on consumer protection

The Reserve Bank of India launched Financial Literacy Week across the country with customer protection as its main theme. The event will focus on cre...

SBI to modify rules for startup investments

Country's largest lender SBI, which has not been able to invest in fintech startups despite earmarking funds, is now looking to modify rules to kicks...

SBI hikes interest rate on fixed deposits

India's biggest lender State Bank of India (SBI) has revised its interest higher on retail fixed deposits or FDs below Rs 1 crore. The revised rate o...

Banking services impacted as PSU staff goes on 2-day strike

Banking activities in public sector banks across India have been interrupted as employees go on two-day nation-wide strike against the meagre 2 per c...

RBI appoints Sudha Balakrishnan as its first CFO

Sudha Balakrishnan, until recently the vice-president of National Securities Depository Ltd (NSDL), has been appointed the first chief financial offi...

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...

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