View: Private banks need to realign with emerging realities
By removing cross-border headaches, and giving clients an online platform to trade, a bank improves its operations and provides a niche competitive service to clients that rivals that of the online brokers.
HDFC Bank's assets to show minimal signs of Covid stress
The Mumbai-based bank reported a healthy profit after tax growth of nearly 18% at th...
Here's how non-bank lenders plan to raise money
RBI has planned a Rs 50,000-crore liquidity infusion through TLTRO 2.0 for NBFCs.
PSB banks merger: 10 banks to bear the name of 4 anchor banks
The government has also decided to follow the Bank of Baroda-style branding where all the merging bank logos will be displayed for higher customer recall. For example, Indian Bank which is the anchor bank for its merger with Allahabad Bank will retain the name. Its new brand identity will carry the logo of both the banks, chief executive Padmaja Chunduru said.
IMPS transfers in April plunge to 2-year low
April immediate payment numbers are a two-year low, according to data from the NPCI.
Here's how some banks plan to support exporters, but procedural delays play spoilsport
Exporters have made a pitch to the govt to also allow them to rollover the forward contracts without any penalty.
HDFC Bank shortlists three names to replace Aditya Puri as CEO
The lender has three contenders to succeed the 69-year-old banking veteran.
Banking has faced only minimum disruption: Shaktikanta Das
“Banks have been required to put in place business continuity plans to operate from their disaster recovery sites and to identify alternate locations for critical operations so that there is no disruption in customer services,” Das said.
Not offering emergency loans through YONO platform: SBI
Media reports have stated that the public sector lender is offering emergency loans of up to Rs 5 lakh within '45 minutes'. The loans will be given at an interest rate of 10.5 per cent and EMIs will start after a period of six months, the reports said. SBI said that it is in the process of introducing a pre-approved personal loan offering through YONO.
Supreme Court directs RBI to ensure implementation of moratorium in letter and spirit
While the three judge bench of justices NV Ramana, Sanjay Kaul and BR Gavai, disposed the matter because the petitioners were not borrowers, it also noted that that the counsel for the petitioner had submitted that the RBI guidelines on moratorium had not been implemented.
Now, banks mulling extending moratorium benefits to NBFCs
Non-bank lenders or NBFCs have been demanding this moratorium, saying after all they too are borrowers.NBFCs predominantly depend on banks for their funding needs.
Daily banking operations running with minimum disruptions: RBI Governor
Daily operations of banks are running despite the business continuity challenges faced by financial institutions since the nationwide lockdown to curb the spread covid-19 was imposed by the Government of India from March 25, RBI governor Shaktikanta Das said on Friday.
Banks that skirted India’s bad loans can’t escape lockdown
The final bastion in India’s $1.6 trillion banking sector faces a test of its resilience.
Bank of Baroda rolls out mobile ATM in Mumbai
The lender is also planing to take the ATM to the business correspondent touchpoints or branches in view of the withdrawal of Rs 500 by women beneficiaries of the Prime Minister Jan Dhan Yojana accounts.
Banks to ask RBI for softer NPA norms, Government cover for SME loans
Staring at a double blow of rising delinquences and falling loan demand, banks are all set to request the Reserve Bank of India (RBI) for extraordinary relaxations in accounting of non-performing assets (NPAs) and could also seek government guarantees for loans to small and medium enterprises (SMEs).
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service