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Latest Articles in Banking Finance

SBI Customers Take To Social Media, Complain About Transaction Failures

Another user said, '...what is the point of being in a digital world if I have to wait at a retail shop and be embarrassed because SBI servers are not working...' A message sent to the bank seeking comments did not elicit any immediate response.

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Yes Bank Aims To Disburse Rs 10,000 Cr Retail, MSME Loans In Dec Quarter

Yes Bank aims to open up to 1 lakh fresh accounts every month by leveraging technology, he said adding that it expects this trend to continue in the coming quarters.

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SBI Along With NPCI, Japan's JCB Launch Contactless Debit Card

Customers would have access to JCB PLAZA Lounge -- in-city exclusive lounges for JCB card members -- in prominent travel destinations such as Bangkok (Thailand), Orchard Road (Singapore) and Paris (France).

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Indian Bank Gets Shareholders' Nod To Set Off Accumulated Loss With Share Premium Account Balance

ICRA Ratings has said that the recent proposal by some public sector banks (PSBs) to set-off their accumulated losses against the share premium account balances could improve the ability of these PSBs to service their AT-I bonds.

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Banks In India To See Capital Decline Over 2 Years Without Fresh Infusion: Moody's

Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as operating conditions remain challenging amid the current COVID pandemic.

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Singapore's DBS Says Has Completed Takeover Of Lakshmi Vilas Bank

Southeast Asia's largest lender, which will pump in 25 billion rupees ($338 million) into its India unit, until recently had just over 30 branches in India but has now added more than 550 and 900-plus ATMs.

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RBI Policy, Global Trends To Drive Market In Holiday-Shortened Week: Analysts

India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on consumer demand bouncing back.

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Determinants Of Your Ideal Asset Allocation

What works for your friend may not work for you, and vice versa. Here are the key determinants of your ideal asset allocation, in a nutshell.

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Proposal To Allow Business Houses Into Banking A 'Good-looking' Step In 'Bad Direction': Kaushik Basu

The proposal from the recently set up Internal Working Group of the Reserve Bank of India, allowing Indian corporate houses to own and run banks is a good-looking step in a bad direction

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Banking Services To Get Affected As Unions Go On One-day Strike

Many lenders have informed their customers to use digital channels such as internet/ mobile banking and ATMs for their banking related transactions and other services.

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What You Need To Know About ‘Zero Depreciation’ In Motor Insurance

The cost for a zero-depreciation add-on cover will be approximately an additional 15 per cent over your comprehensive motor insurance policy premium. However, this additional premium can be of help since the amount you can save during claims will be higher than the cost of the add-on.

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Govt Approves Merger Of Lakshmi Vilas Bank With DBS Bank

The Union Cabinet has approved the merger of the LVB with DBS Bank India Limited, Union Minister Prakash Javadekar told reporters, adding the decision will provide comfort to 20 lakh depositors and protect the services of 4,000 employees.

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HDFC Bank M-Cap Surges Past Rs 8 Lakh Cr Mark

Shares of the company jumped 1.76 per cent to its one-year high of Rs 1,464 on the BSE.

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Lakshmi Vilas Bank Stock Tanks Over 55 Pc In 7 Trading Sessions

The government has placed Lakshmi Vilas Bank (LVB) under one-month moratorium, superseded its board and capped withdrawals at Rs 25,000 per depositor.

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The Seven Habits of Highly Successful Long-Term Savers

Here are the seven habits of those who are geared to create serious wealth from their long-term savings.

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