World Bank to reduce lending to China
The bank, which is led by former US Treasury official David Malpass, defended its approach in a brief statement. "World Bank lending to China has fallen sharply and will continue to reduce as part of our agreement with all our shareholders including the United States. "We eliminate lending as countries get richer," it said.
Banks’ economic apartheid towards SMEs must end
The SME sector is facing some sort of economic apartheid from lenders which means “separatene...
Andhra Bank to forgo call option on bonds
A call option is an exit route for investors.
Share market update: Bank shares mixed; Yes Bank slips 5%
The Nifty Bank index was trading 0.29 per cent up at 31805.35 .
Buzzing stocks: Vodafone Idea, YES Bank, RCom, ICICI Bank
YES Bank (Rs 288.06 crore) was leading the pack of most active stocks in value terms.
Online banking restored: HDFC Bank
Responding to customers, the bank said that the “technical glitch” has been rectified. “Our net banking and mobile banking platforms have now stabilised,” the lender said.
RBI investigating 'net banking' breakdown at HDFC Bank
Following the outage, several HDFC customers were unable to access their salary accounts to make bill payments.
Private banks get to invest client money as FPI: But will it meet client objectives?
The Sebi regulations and guidelines seem to be silent on this aspect.
Bet on YES Bank for 20-25% upside in a month: Sudip Bandyopadhyay
Among other larger banks, we have a positive view on Axis Bank as well as ICICI Bank.
RBI writes to Fin Min seeking changes in Banking Regulation Act
The Reserve Bank of India (RBI) has written to Finance ministry seeking changes in the Banking Regulation Act. Changes like authority to con...
Axis Bank’s Jairam Sridharan resigns as CFO
Axis Bank’s Jairam Sridharan has resigned from the post of group executive and chief financial officer, the lender informed bourses on Frida...
Maharashtra government wants PMC Bank to merge with MSC Bank
"The government stands behind the PMC Bank depositors. I have spoken with the MSC Bank director and asked him to consider a merger of the two banks to provide relief to the depositors," Patil told mediapersons here this afternoon. He assured that the state's apex cooperative banking entity.
Five of top-10 most valued firms add Rs 56,877 crore in m-cap
The m-cap of TCS jumped Rs 26,360.5 crore to Rs 7,96,612.51 crore at close on Friday.
Anuranjita Kumar announces exit from the Royal Bank Of Scotland
Anuranjita Kumar joined the bank in September 2017 after a 22-year stint at Citi in September 2017. Here she spearheaded a variety of initiatives, especially in the D&I space including a medical cover for LGBT couples and creating an industry cohort for improved growth prospects for women in the technology space through the ‘Women In Tech Forum’ amongst others.
NCLT admits Bank of India's insolvency process against RNA Corp
The public sector lender had granted a loan of Rs 75 crore to RNA Corp in October 2013 and the builder defaulted on repayment of this loan in December 2014, since then the account has been classified as a non-performing asset. The bank has claimed total dues worth Rs 80.73 crore including the principal loan, interest, penal interest and legal expenses.
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