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Latest Articles in banks

RBI Makes Massive Reduction In Repo Rate By 75 Basis Points & Forecasts Global Recession Amid Crisis

The RBI's Monetary Policy Committee (MPC) has voted in favour of an interest rate cut to the tune of 75 basis points. Repo rate is down to 4.4 per cent. Shaktikanta Das announced measures through which a total Rs 3,74,000 crore will be made available to the country's financial system.

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Indian Government Asks Banks To Provide Liquidity Support To Corporates

Banks have been asked to make available an additional 10% in funds over and above sanctioned working capital loans, but not exceeding 2 billion rupees ($26.33 million) per loan account as part of the emergency measures

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Financial Firms Around The World Ramp Up Contingency Plans As Coronavirus Hits

Morgan Stanley also confirmed that an employee at its Purchase, New York, campus, roughly 45-minutes north of Manhattan, tested positive for the virus.

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RBL Bank Quashes Speculation Over Viability, Stock Up By 10%

RBL business segments are doing well and it continues to expand presence across newer geographies by adding branches and are also hiring more people as previously planned.

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Government Puts In Place Measures To Protect Commercial Decision-Making By Banks

The government has also modified its 2015 framework on large-value frauds doing away with the personal responsibility of MDs and CEOs of public sector banks.

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Equities Fall On Profit Booking, Banks Under Pressure

The BSE S&P Sensex was 77 points lower at 41,498 while the Nifty 50 slipped by 12 points to 12,234.

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Banks To Push For New EU Access Plan After UK Election

With Prime Minister Boris Johnson vowing to take Britain out of the EU on January 31, major banks are set to make a fresh push for access to the bloc.

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Banks Will Ensure Bill Discounting Facility For MSMEs To Ease Liquidity: Sitharaman

On the merger of banks, everything is going smoothly, the bank boards have all been on board, they have taken the necessary steps to keep that process going smoothly, the minister said.

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Realtors' Rising Cash-Crunch Poses More Risks To Banks: Report

Banks also have indirect exposure to the real estate sector through their lending to NBFCs and HFCs, which also lend to developers.

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Sitharaman To Hold Review Meeting With Public Sector Banks Today

The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility. Some PSBs offer doorstep banking for citizens over 70 years of age and differently-abled customers.

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Sensex, Nifty End Higher On Rally In Banks, Autos

The Nifty closed 0.85 per cent up at 11,075.90, while the Sensex ended 0.76 per cent higher at 37,384.99. For the week, the Nifty and the Sensex posted gains of 1.18 per cent and 1.09 per cent, respectively.

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There Will Not Be Single Job Loss Due To Merger Of Banks: FM

She was replying to a question on the bank employees unions opposing the merger plan on the ground it would lead to loss of jobs.

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Sensex, Nifty End Lower; Banks Among Top Losers

The broader NSE Nifty closed down 0.89 per cent at 10,948.30, while the benchmark BSE Sensex ended 1.02 per cent lower at 37,068.93.

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RBI Rules Out Asset Quality Review Of NBFCs For Now

IL&FS group's failure has made banks highly risk averse to the NBFC sector, leading to a severe liquidity crunch.

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