Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Thursday, June 20, 2019

banking

Fund transfers via RTGS, NEFT to cost less from Jul 1: RBI

The Reserve Bank of India said it will waive all charges on fund transfer through popular RTGS and NEFT systems from July 1 and asked banks to pass o...

RBI's norms to give more headroom to lenders to resolve big ticket NPAs: Report

Reserve Bank's new guidelines to deal with bad loans will provide lenders the headroom and flexibility for resolution of large ticket stressed asset ...

RBI cuts lending rate by 0.25% to push growth

To give a boost to the sagging economy, the Reserve Bank of India  on Thursday lowered its benchmark lending rate to a nearly nine-year low of 5...

SBI Delhi circle expects over 15% growth in SME loans

With focus on SMEs, SBI Delhi circle is eying loan growth in excess of 15 per cent for the sector which is a very crucial segment of the economy and ...

SBI to mop up Rs 5,000 cr by issuing Basel III-compliant bonds

The country's largest lender SBI on Wednesday said it will raise up to Rs 5,000 crore by issuing Basel III-compliant bonds. "The meeting of executive...

RBI extends timing for fund transfer through RTGS till 6 pm

Timings for fund transfer through RTGS have been extended by one-and-a-half hours for the general public from June 1, the Reserve Bank of India said ...

PNB narrows Q4 loss to Rs 4,750 cr

State-owned Punjab National Bank said it has narrowed its loss to Rs 4,750 crore in the last quarter of the fiscal ended March 2019. The scam-hit len...

Public sector banks recover Rs 1.2 lakh cr from bad loans in 2018-19

Public sector banks (PSBs) have recovered close to Rs 1.2 lakh crore from stressed assets during the financial ended on March, primarily helped by re...

RBI to create specialised supervisory & regulatory cadre

The Reserve Bank of India's central board on Tuesday decided to create a specialised supervisory and regulatory cadre within the RBI to strengthen th...

Bank of India posts Rs 252 cr profit in Q4

State-run Bank of India on Thursday reported a profit of Rs 251.79 crore for the fourth quarter ended March 2019 owing to reduction of bad loans. The...

HDFC Bank shortlists 3 startups in Digital Innovation Summit

HDFC Bank said three start-ups from the city - Loop Reality, BluSapphire and Appnovation Technology - were declared winners at its regional Digital I...

Syndicate Bank's Q4 profit at Rs 128 cr

Syndicate Bank reported a profit of Rs 128.02 crore for the March quarter of 2018-19 financial year on a modest rise in core income and slight improv...

SBI reports net profit of Rs 838 cr in Mar 2019 quarter

Country's largest lender SBI said it has reported net profit of Rs 838.40 crore in fourth quarter of 2018-19 fiscal on a standalone basis as non-perf...

RBI's revised guidelines for resolution of stressed assets likely before May 23

The Model Code of Conduct for the Lok Sabha polls is unlikely to have any bearing on issuance of a revised framework for resolution of stressed asset...

SC directs RBI to disclose information on bank inspection report under RTI

The Supreme Court on Friday directed the Reserve Bank of India (RBI) to disclose information pertaining to its annual inspection report of banks unde...

Govt raises authorised capital of Allahabad Bank to Rs 8,000 cr

State-owned Allahabad Bank said the government has increased its authorised capital by Rs 5,000 crore to Rs 8,000 crore. The central government after...

ICICI Bank launches insta car, two-wheeler loans

Private sector lender ICICI Bank announced the launch of insta car and two-wheeler loans that will provide existing customers final sanction letters ...

RBI imposes Rs 1 lakh penalty on Lucknow-based co-op bank

The Reserve Bank on Wednesday said it has imposed a penalty of Rs 1 lakh on UP Postal Primary Co-operative Bank, Lucknow for violation of norms regar...

Bank of Maharashtra gets Rs 205 cr capital from govt

State-owned Bank of Maharashtra on Monday said the government has infused Rs 205 crore into the bank in lieu of preferential allotment of shares. The...

Govt to infuse Rs 5,042 cr into BoB

The government has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) ahead of merger of two other public sector lenders Dena Ban...

SC refuses to stay merger of Vijaya, Dena banks with BOB

Clearing decks for the scheduled merger of three public sector lenders -- Vijaya Bank, Dena Bank and Bank of Baroda -- the Supreme Court on Thursday ...

Axis Bank board to meet on Apr 25 to consider fund raising

Private sector Axis Bank on Wednesday said it will consider raising funds in Indian as well as foreign currency by issuing debt instruments at its tw...

South Indian Bank to raise Rs 250 cr via bonds issue

South Indian Bank said it would raise Rs 250 crore by issuing Basel III-compliant bonds to add up to its tier-II capital. The capital planning and in...

Expect buyer for Jet Airways by May 31, says SBI Chairman

State Bank of India (SBI) said that it expects investors for the cash-strapped Jet Airways by the end of May and promoter Naresh Goyal has option of ...

BoI raises Rs 660 cr by selling shares to employees

State-owned Bank of India (BoI) said it has raised Rs 660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The b...

RBI imposes Rs 8 cr fine on 3 banks for non-compliance in Swift operations

The Reserve Bank of India has imposed a total monetary fine of Rs 8 crore on three banks - Karnataka Bank, United Bank of India and Karur Vysya Bank ...

Ravneet Gill takes charge as Yes Bank MD, CEO

Yes Bank said Ravneet Gill has taken charge as its MD and CEO with immediate effect for a tenure of three years. "Ravneet Gill has joined Yes Bank as...

Link your PAN with bank for refunds: I-T to taxpayers

The Income Tax Department will 'only' issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with...

Govt to infuse Rs 48,239 cr in 12 PSU banks

The Finance Ministry announced to pump in Rs 48,239 crore in 12 public sector banks (PSBs) to help them maintain regulatory capital requirements and ...