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Latest Articles in banking

Banks Must Come Out With Clear Cut Policies For Settlement Of Personal Guarantees

Bankers seem to have unlimited leverage over borrowers in the case of a default. Banks are lending with covenants that disbursement and draw-down will happen only if all covenants are complied with. Borrowers tend to yield to pressure as they have timelines to meet in the pursuit of financial closure and project completion

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Banks To Remain Shut On 13-14 May

However, all the online service including online transactions, mobile banking and ATMs services will be accessible.

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2,118 Branches Of State-run Banks Closed Or Merged In Last Fiscal: RTI Reply

The highest number of 1,283 branches of Bank of Baroda were either closed or merged, according to information provided to an RTI query filed by Neemuch-based activist Chandrashekhar Gaud.

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ZinQ Technologies Aims To Clock Rs 40 Cr Revenue This Fiscal

Banking on the rising IT gadgets demand in the market as work from home and virtual learning continue in 2021, the company aims to clock Rs 40 crore in revenue this fiscal

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RBI Keeps Interests Rates Unchanged

The central bank kept the benchmark repurchase rate unchanged at 4 per cent and maintained accommodative policy stance to support growth.

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India Should Have Done More To Protect Jobs: McKinsey Official

Private equity major KKR's managing director Rupen Jhaveri said the first focus for investee companies after the lockdowns last year was to draw down on allocated working capital limits.

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RBI Withdraws Restrictions On Youth Development Co-operative Bank

The validity of the 'all-inclusive directions' was extended from time to time, the last being up to April 5, 2021.

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Banks Sanctions Rs 25,586 Cr To 1.14 lakh Stand-Up India Accounts In 5 years

Started in April 5, 2016, the scheme has benefited 93,094 women entrepreneurs with outstanding loan of Rs 21,200 crore as of March 23.

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India Will Have Heterogeneous Banking Sector In A Decade With Four Types Of Banks: Shaktikanta Das

There will be large banks having presence across the country and the world, mid-size banks present across the economy, small finance banks/regional rural banks/cooperatives to take care of the small borrowers and digital players

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Banking services in Maharashtra impacted on second day of nationwide strike

Services like cash withdrawals, cheque clearances and other business related transactions were hit across the state.

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Bank Operations May Be Hit On Mon, Tue Due To Nationwide Unions' Strike

Services such as deposits and withdrawal at branches, cheque clearance and loan approvals would be affected due to the strike.

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ICICI Bank To Bear Cost Of COVID-19 Vaccination For Employees

The bank will provide COVID-19 vaccination for its employees and their immediate family members free of cost

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Sensex Spurts 447 Pts To Reclaim 50,000-Level; Auto, IT Stocks Shine

The 30-share index swung nearly 633 points during the session, before ending at 50,296.89, showing a rise of 447.05 points or 0.90 per cent.

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Bank Officers' Unions Oppose Allowing All Private Banks In Govt Business

Private banks can now be equal partners in development of the Indian economy, furthering Govt's social sector initiatives, and enhancing customer convenience.

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Bank Credit Grows 6.2% In December Quarter: RBI

Growth in credit by private sector banks decelerated considerably to 6.7 per cent in the quarter ended December 2020 as against 13.1 per cent a year ago.

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