BANKS
Banks review services policy for WhatsAppHDFC Bank, which was earlier offering customers the option to obtain bank account balances through WhatsApp banking, has discontinued the f...
- Yes Bank better placed on bad loans, but has miles to go
The stressed book now exceeds ₹18,000 crore, and that includes advances still not labelled non-performing assets (NPAs) because of a Suprem...
- UAE central bank slaps over Rs 13 crore monetary sanction on Bank of Baroda
The Central Bank of the United Arab Emirates has imposed a financial sanction of AED 6,833,333 (amounting to Rs 13.56 crore) on Bank of Bar...
- Union Bank completes IT integration of all Andhra Bank branches with itself
The entire migration has been completed at record time with least inconvenience to customers i.e. without affecting any change in their acc...
- PMLA case: HC refuses bail to Yes Bank founder Rana Kapoor
The central agency is conducting an investigation against Kapoor, his wife, and their three daughters over a sum of Rs 600 crore received b...
- All India Bank Depositors’ Association seeks end to ATM ‘decline fee’
Each time a person without adequate balance in his/her account tries to withdraw cash from an ATM or uses debit cards to make a payment, th...
- SEFL debt repayment: After banks, regulators to appeal against NCLT order
Banking sources told TOI that the RBI too will file a petition in the coming days as the NCLT had stopped all government or regulatory auth...
- RBI opens Rs 7000 cr window for DBS Bank
The Reserve Bank of India (RBI) is said to have extended nearly Rs 7,000 crore in special liquidity assistance to DBS Bank India Ltd to mee...
- HDFC Bank submits plan of action to RBI, hopes to fix outage issue in 3 months
The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Based on the satisfact...
- RBI imposes Rs 2 crore penalty on Standard Chartered Bank
The monetary penalty has been imposed on the bank for non-compliance with certain directions contained in the 'Reserve Bank of India (Fraud...
- Ahead of banking recapitalisation, taking stock of the country's banking sector
A bad bank is an entity that acquires NPAs from banks, leaving them to focus on core banking matters.
- Public sector banks lead in loan revival as private banks fear defaulting
Public sector banks are seeing their loan book growing across all major segments agriculture, retail, MSMEs, personal loans except corporat...
- HDFC, ICICI, SBI remain systemically imp banks: RBI
The Reserve Bank had issued the framework for dealing with D-SIBs in July 2014. The D-SIB framework requires the central to disclose the na...
- HDFC Bank submits outage control plan
The bank is working on multiple immediate and long-term solutions as part of its internal review. “The action plan that the bank is working...
- IDFC First Bank enters credit card business
Generally, the annual percentage rate or the APR for other banks ranges from 34-40%. Customers can also use interest-free cash withdrawal f...
- Banks rely on farmers for new loans
Economists attribute this trend to farm sector doing better than the urban-centric sectors like industries and services during the pandemic...
- Indian banking's digital drive is looking increasingly bright for banking correspondents
Thanks to their role in taking banking and financial services to the last mile, several ecommerce players are interested in tapping them to...
- Shivalik Bank gets license as Small Finance Bank
Shivalik bank has over four lakh customers and a total business size of Rs 1,800 crore as on March 31, 2020. The total advances stood at Rs...
- Bank of Baroda launches WhatsApp banking services
The lender is offering services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card an...
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