Equitas Small Finance Bank steps up digital banking services
A senior bank official said the service was being offered as the nationwide lockdown has been extended till May 3 and would help customers avoid visiting branches. He said customers can open Selfe Fixed Deposit online for value upto Rs 90,000 by providing Aadhar and PAN details.
Yes Bank appoints Neeraj Dhawan as chief risk officer
The board of directors, vide their resolution dated May 1, 2020, appointed Neeraj Dhawa...
Bank of Maharashtra introduces new external benchmark based lending rate, cuts MCLR
For overnight, one month, three months and six months, MC...
3 months for PSBs to build PCGS 2.0 portfolio
Public sector banks have three months to build up their portfolios to be eligible for the extended Partial Credit Guarantee Scheme (PCGS 2.0), which will be based on actual amounts disbursed within this period, according to guidelines released by the finance ministry on Thursday.
‘Leave deficit monetisation to RBI’
The chairman of the Fifteenth Finance Commission, NK Singh, said on Thursday the issue of monetisation of fiscal deficit should be left to the judgement of the Reserve Bank of India, the government’s principal debt manager
Finance Minister Nirmala Sitharama to meet PSU bank chiefs on Monday; to review credit flow
The meeting, to be held via video-conferencing, will also take stock of interest rate transmission to borrowers by banks and progress on moratorium on loan repayments, sources said. The deployment of excessive funds by banks under the reverse repo route may also come up for discussion on Monday.
Bank credit up 6.74% to Rs 102.69 lakh crore; deposits rise 9.82%
In the previous fortnight which ended on April 10, 2020, bank credit had grown by 7.20 per cent and deposits by 9.45 per cent.
Standard Chartered extends medical coverage, domestic relocation benefits to LGBT+ partners of employees
Employees will now be able to declare a LGBT+ partner as an eligible beneficiary under the bank’s medical reimbursement policy. The declared partner will also get covered under the domestic relocation policy.
Banks lend whopping Rs 1.15 lakh crore to NBFCs in March
Banks lend whopping Rs 1.15 lakh crore to NBFCs in March, the highest on month since 2008.
Instances of cloned ATM cards in Delhi; affected customers to get refund: SBI
As a caution and safety measure for customers, SBI has also advised the account holders to change the ATM PIN at regular intervals, cover ATM/POS keypad while entering the PIN, memorize the security transaction number rather than writing it down on the card or anywhere else.
RBI's liquidity plan for non-bank lenders falters
"Given the lack of risk appetite in banks, a structure with partial credit guarantee by the government maybe the only viable option to ease liquidity challenges of NBFCs," said Vydianathan Ramaswamy, Director, Ratings, Brickwork Ratings.
India pushes lending, asks banks for daily reports
The finance ministry, in a letter dated April 17, asked banks to furnish detailed data on new loans, including particulars on what sectors were getting them.The push comes after a recent 75 basis point rate cut by the RBI, and at a time when the banking system is flush with liquidity pumped in by the RBI to spur new lending and revive flagging growth.
HDFC Bank introduces mobile ATMs in Kolkata
All necessary precautions in terms of maintaining social distancing and sanitisation are being taken to ensure health safety of staff and customers at these facilities.
RBI may raise promoter holding cap in private banks
RBI has been reworking the shareholding norms to ensure parity among all players.
Indian Bank cuts lending rate by 30 basis points
The RBI reduced benchmark repo rate by 75 basis points to 4.40 per cent in the bi-monthly Monetary Policy Committee meeting on March 27.
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