Thiruvananthapuram
C
Alappuzha
Ernakulam
Idukki
Kannur
Kasaragod
Kollam
Kottayam
Kozhikode
Malappuram
Palakkad
Pathanamthitta
Thiruvananthapuram
Thrissur
Wayanad
Saturday, August 24, 2019

banking

SBI plans to establish nearly 10 lakh YONO Cash Points

State Bank of India, the country's largest lender, is planning to establish nearly 10 lakh YONO Cash Points in the country over 18 months, said its C...

SBI aims to eliminate debit cards to promote digital transactions

If the country's largest lender State Bank of India (SBI) has its way, it may herald the beginning of the end of the ubiquitous debt cards from the b...

Credit demand subdued, economy needs stimulus: SBI chief

State Bank of India (SBI) Chairman Rajnish Kumar said credit demand remains subdued and there is a need for stimulus in the economy.Though lack of cr...

Punjab & Sind Bank cuts MCLR by up to 20 basis points

State-owned Punjab & Sind Bank (PSB) said it has lowered its marginal cost of funds based lending rate (MCLR) by up to 0.20 per cent for various ...

FinMin asks PSBs to seek ideas for achieving USD 5-trillion economy

The Finance ministry has asked public sector banks (PSBs) to initiate a month-long consultation process with officers starting from branch level to s...

SBI lowers lending rates by 15 bps

Within hours of a steeper 35 basis points reduction in the repo rates by the Reserve Bank to 5.4 percent in its fourth consecutive steps, the largest...

RBI cuts interest rate by 35 bps

The Reserve Bank on Wednesday cut key interest rate for the fourth consecutive time, as it reduces repo rate by 35 basis points to 5.40 per cent to b...

Law which allowed circulation of Rs 1000 notes in 1999 scrapped

A law which allowed the Reserve Bank of India to circulate Rs 1000 denomination notes to tide over the shortage of currency in the late 1990s has bee...

RBI imposes Rs 11 cr fine on seven PSBs

The Reserve Bank on Friday said it has imposed a collective penalty of Rs 11 crore on seven public sector banks for violating norms on current accoun...

SBI reports Rs 2,312 cr net profit in Q1

Country's largest bank SBI posted a standalone net profit of Rs 2,312.02 crore for the first quarter of current fiscal, mainly driven by higher incom...

RBI panel for hike in collateral free lending

A committee constituted by the RBI has recommended increase in the collateral free lending limit to Rs 20 lakh for MSMEs and self-help groups, Parlia...

Kotak Mahindra Bank Q1 net profit jumps 33%

Kotak Mahindra Bank reported a jump of 23 per cent in its consolidated net profit at Rs 1,932 crore in the first quarter ended June 30. The private s...

DCB Bank shares plunge 14% post June quarter earnings

Shares of DCB Bank plunged 14 per cent on Wednesday after the company witnessed a rise in its bad loan proportion during the quarter ended June. The ...

RBI to come out with mobile app for currency notes identification

The Reserve Bank of India will come out with a mobile application to help visually challenged people in identifying currency notes as cash still rema...

Deposits in Jan Dhan accounts cross Rs 1 lakh cr

Deposits in bank accounts opened under 'Jan Dhan' scheme, launched about five years ago by the Modi-government, have crossed the Rs 1 lakh crore mark...

Govt expects Rs 90,000 cr dividend from RBI in FY'20

Finance Secretary Subhash Chandra Garg said the government expects Rs 90,000 crore as dividend from the RBI in the current fiscal. This is 32 per cen...

Govt to infuse Rs 70,000 cr into state-owned banks

Finance Minister Nirmala Sitharaman announced that the government will pump in 70,000 crore into public sector banks (PSBs) to strengthen them and en...

Banks see 73% spike in frauds in in FY19

Banks have reported a massive 73 percent increase in incidents of fraud worth Rs 71,543 crore in FY19, a senior Reserve Bank official said on Thursda...

State-run banks should be freed of constraints: Raghuram

Public sector banks might perform better if they are freed from some of the constraints they operate under but such freedom typically requires distan...

Govt considering giving more powers to RBI to regulate NBFCs

The government is considering strengthening the Reserve Bank's regulatory and supervisory powers over the non-banking finance companies (NBFCs), Fina...

Indian Bank draws up plan on growth, earnings

Indian Bank has laid out a business plan with clear visibility on growth, earnings and asset quality, a top official of the bank has said. The bank's...

RBI says all coins must be accepted as legal tender

The Reserve Bank of India (RBI) asked the public, casting aside their doubts, to continue accepting coins of various denominations pumped into circul...

Data related to payments to be stored only in India: RBI

The Reserve Bank said all data related to payments, including those processed abroad, must be stored only in India, notwithstanding concerns raised b...

Govt, RBI closely monitoring rupee exchange rate: Minister

The government and the Reserve Bank of India (RBI) are closely monitoring the rupee exchange rate against the dollar on an on-going basis, Finance Mi...

RBI Deputy Governor Viral Acharya quits

RBI Deputy Governor Viral Acharya, who was in-charge of the monetary policy department, has resigned six months before the scheduled end of his term,...

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 ...