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Latest Articles in banking

RBI Slaps Rs 3 Cr Penalty On Axis Bank, 2 Crore On Indian Overseas Bank

RBI carried out a statutory inspection of Axis Bank with reference to its financial position as on March 31, 2016

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Nirav Modi's Bankrupt US Firm Firestar Diamond Whets Buyer Interest Amid $2 Billion Fraud Probe

Firestar Diamond and its affiliates had annual sales of around $90 million, with clients such as Costco Wholesale, Macy's and JC Penney Co Inc

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‘Customers View Insurance Tools As Means Of Financial Planning’

In an interview, Ashish Vohra, CEO, Reliance Nippon Life Insurance, talks about health insurance schemes and more

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As Safe As A Bank!

The idiom has lost its meaning. The Nirav Modis of the world have shown how easy it is to short circuit internal controls and processes in our banks

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A Direct Plan Checklist

With no intermediary to assist you, you'll eventually have to befriend call centre executives at many asset management companies, to help you with your statements, your paperwork, your ongoing transactions and your service issues

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PSU Bank Privatization: Do It While You Can

While many are trying to convince the government that they sell stake in these banks, the bigger question really is this - will there be any buyer at all

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5 Types Of Mutual Fund Schemes To Consider Right Now

FMP's eliminate interest rate risk by holding their portfolio bonds t maturity, so they would serve as an ideal foil to more rate sensitive long-term debt funds, should you choose to invest into them

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PNB Adopts Strict SWIFT Controls After Mega Fraud Case

The new measures mean only PNB officers will be able to initiate messages on SWIFT, taking away the authority of clerks to do so

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Banking In 2018

2018-19 will be a year in which the banking system will have to get back on its feet despite all the aches and pains while the doctors (government and regulators) take a call on the structures that will be maintained

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State-run Banks Will Need More Capital: Uday Kotak

Kotak spoke to Clifford Alvarez on the state of the economy and banking and his franchise

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CBI Closes PNB Branch At Heart Of Fraud

Including direct loans given to companies of Modi and Choksi, Indian banks are at the risk of taking a hit of more than $3 billion after the fraud

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Banking In A Fintech World

Banks need to find new ways to keep the value intact for their customers through convenience, distribution strength, understanding of segment, service or bringing value through partners

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RBI Keeps Repo Rate On Hold: Expert Views

All but two of 60 economists in a Reuters poll predicted the repo rate would be kept on hold at its lowest level since November 2010

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RBI Keeps Repo Rate At 6.00%, Stance As 'Neutral'

Five members of the monetary policy committee voted to keep rates unchanged, with one member, Michael Patra, voting for a 25 basis points hike

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RBI Seen Holding Rates, Talking Tough On Inflation

The central bank has already been warning that inflation would return, ending a period of historically low levels that let it cut the repo rate by 2 percentage points to the current 6.0 percent over the past two years

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