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HSBC's FO union said on its website that the departures will take place on a voluntary basis, but if there were not enough volunteers, there would be "layoffs for economic reasons".

Reshaping Customer Experience Via Technology

Deepak Sharma.

The banking and financial services sector is at the forefront of combining technology with touch to build new business models and provide superior customer experience

Banking Sector Needs Recapitalisation Of Rs 4 Lakh Crore: Uday Kotak

State Bank of India (SBI) Chairman Rajnish Kumar said the country needs to invest heavily in agriculture and infrastructure sectors.

Moody's Downgrades 11 Indian Banks, 11 Nfis, 11 Infra Majors, 4 Issuers

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles

Indian Banks' Loans Rose 6.5% In Two Weeks To May 8 - RBI

Non-food credit fell 376.01 billion rupees to 101.83 trillion rupees, while food credit rose 165.91 billion rupees to 692.35 billion rupees.

Banking In The Covid Times

Poornima Vasdev

In the pre-COVID world, 50% or more of customers were still walking into bank branches and that entire load has now shifted online.

India Pushes Lending, Asks Banks For Daily Reports

The Indian economy is in a slump with tens of millions of jobs in jeopardy amid a 40-day nationwide lockdown to stem the spread of the new coronavirus.

Policy Stimulus To Provide Companies, Banks Only Partial Relief In Credit Downturn: Moody's

Weaker economic prospects and widespread financial market upheaval will translate into a more adverse credit landscape for the region's banks in 2020 and 2021.

China's Central Bank To Step Up Easing, Won't Borrow Fed Playbook

Economy

The PBOC is likely to cut the LPR on April 20, following a 20 basis point cut in the 7-day reverse repo rate on March 30, and trim the benchmark deposit rate in the coming months as consumer inflation is expected to ease

Some Banking Systems May Need Help In Worst-Case Scenario - IMF

Economy India

Adrian and Narain also warned that as with the last financial crisis, global coordination was "imperative."

India Orders Banks To Remain Open During Lockdown

India now has over 1,000 cases of the coronavirus of whom 29 have died, the health ministry said on Monday.

Indian Banks Plan To Shut Down Most Branches During Lockdown

Economy India

India is still very much a cash society and banks have been exempted from a 21-day lockdown that began this week as they are considered an essential service.

Indian Government Asks Banks To Provide Liquidity Support To Corporates

Economy India

India's largest lender, State Bank of India (SBI), has already rolled out this emergency credit line and the other state-owned lenders are also expected to follow suit shortly.

Troubled Lender Yes Bank Reports Wider-Than-Expected Loss