Page 60 - Banking Sector

'My money is gone now': Customers panic as RBI curbs activities at PMC Bank

The sudden move caused PMC Bank depositors to panic and led to protests and long queues outside the bank's branches

RBI places restrictions on Punjab & Maharashtra Co-op Bank's biz for 6 mths

Supersedes board, appoints admin; exposure to HDIL bone of contention

Lower tax rates won't change fundamental concerns for banking stocks

Nifty Bank index has gained 14.2 per cent since Friday; experts advice investors book profit in banking stocks as tax cut doesn't address growth and asset quality concerns

HDFC Bank to organise 1,000 grameen loan melas in next 6 months

These grameen loan melas will be held across more than 300 districts and cover around 6,000 villages across India

Bank stake sales in insurance, mutual fund subsidiaries hit a wall

Lenders await RBI norms on holdco structure; guidelines are likely to be finalised by year end

How American banks beat European peers to rule the global financial system

A decade ago, they almost brought down the global financial system. Now they rule it

Secondary loan mkt may completely change India's banking landscape: Experts

In India, there is a well established secondary market for stressed loans

Mega merger of PSBs: What happens to the bank managing directors now

Here's a list of bank MDs and the date they are due for retirement

150,000 bankers to discuss how to make India $5-trillion economy by 2024

To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened

FinMin asks PSBs to begin consultation process to achieve $5-trn economy

It also aims to find out the role of PSBs as active partners in the Indian growth story for the next five years

RBI may cut interest rates by 40 bps before end of FY20: Fitch Solutions

RBI has cut interest rates four times this year

From auto to banking, grumble of slowdown is getting louder for India Inc

The companies' combined net profit declined by 10.1 per cent yoy during June '19 quarter against 26.2 per cent yoy growth a year ago

Banks, national distributors skip mutual funds for insurance, PMS

Move follows regulatory diktat to reduce total expense ratio, shift to trail commissions

YES Bank appoints Anurag Adlakha as chief financial officer, replaces Ahuja

Adlakha was earlier senior group president and head of financial management & strategy

Basic savings accounts in co-op banks should be made free, says RBI

The BSBD Account shall be considered a normal banking service available to all, RBI said

Union Bank of India Q1 net profit rises 73% as provisions decline

The net interest income of the lender saw a 4 per cent decline at Rs 2,519 crore in this quarter

50 years of socialism

The real reason that the banks had to go was political: the nature of Indira Gandhi's rivals in the Congress

No, private sector banks were not blameless; nationalisation was inevitable

Bank nationalisation was not driven by leftist ideology but by a sense of drift in the country and by banks dragging their feet on serving rural areas

IndusInd Bank Q1 net profit jumps 38% at Rs 1,433 cr; gross NPAs at 2.15%

The bank had posted a net profit of Rs 1,035 crore in the corresponding period of the preceding fiscal ended March 2019

HSBC, Stanchart, Citi top charts in customer experience: Kantar report

Kantar today throws up interesting insights and also reflects the huge gap between reality and perception that exists in the sector