Page 16 - Banking

Singapore's Caladium ups stake at Bandhan Bank by 1% via market purchases

It now holds 72 million shares in the lender

Govt directs banks to remain operational during 21-day lockdown: Report

Banks have also been asked to ensure welfare cash schemes that are part of a $22.6 billion government stimulus reach the poor

No certainty of success with YES bailout plan

Unless a resolution mechanism designed for a quick turnaround of stressed financial institutions is implemented, we will continue to lurch from one crisis to the next

Long live the taxpayer: Big banks don't fail and that is by design

It is standard practice in all countries and its origins lie in the creation of the US Fed in 1915

YES Bank fallout: Additional tier-1 bondholders plan legal action

The RBI's draft reconstruction plan for YES Bank states that AT-1 bondholders shall not be entitled to get any compensation from the reconstructed bank

FM on Chidambaram's YES jibe: Self-appointed doctors created more problems

Finance Minister Nirmala Sitharaman on Friday hit back at senior Congress leader P Chidambaram for his jibe over crisis-hit Yes Bank's loan book swelling five times under BJP rule, saying "self-appointed competent doctors" created more problems in handling crisis at three banks during the UPA regime. She blamed Chidambaram for the crisis at Global Trust Bank in July 2004 and the problems at IDBI which had to merge with on-the-verge of collapsing United Western Bank in 2006. The Congress-led UPA had come to power in May 2004 and Chidambaram was the finance minister. Addressing a press conference after the RBI superseded the board of Yes Bank and placed withdrawal restrictions, she said the crisis-hit lender's exposure to stressed corporates dates before 2014. "The exposure of Yes Bank to some of the very stressed corporates has been before 2014. These are public domain names and I am not violating any customer privacy Anil Ambani (Group), Essel Group, DHFL, IL&FS (and) Vodafone ...

Infuse capital in YES Bank; acquiring it will be disaster: Analysts to SBI

Most analysts believe it is a positive step for the Indian financial sector as the the government has tried to avoid a repeat of IL&FS-like crisis

How much money will you get if your bank goes bust?

The Rs 5-lakh cover brings around 93 per cent of all deposit accounts and 34 per cent of the value of deposits under it

Indian banking: Challenges in the new decade

Shall we see the closure of the bad loan saga in the new decade? There is no Lehman or East Asian crisis to blame; it's our own doing

Number of debit cards fall by 15% to hit two-year low in 2019: RBI data

Banks have stopped issuing suo moto cards for dormant accounts and moved to chip-based cards, weeding out many accounts

No govt pressure; compulsions are different: Rajnish Kumar on SBI's lending

At Business Standard Banking Forum 2019, India's top bankers discuss the difficulties facing the country's financial services sector and what could be the way forward

BS Banking Forum 2019: 'Trust factor will always keep banks ahead of tech'

Rajesh Mirjankar, MD and CEO of InfrasoftTech, says it's a popular myth that bankers do not understand technology

BS Banking Forum 2019: 'Time for NBFCs to reinvent, recalibrate to survive'

Were RBI and govt slow to react to the NBFC crisis? There was an initial feeling that it was a one-institution problem, but going forward, the issue was recognised, says V Srinivasa Rangan

Banking with Google

Regulators need to be watchful about sensitive financial data

Surjan Singh, ex-banker whose bromance soured after million dollar bribes

Surjan Singh is one of three former Credit Suisse bankers who have pleaded guilty to taking millions of dollars in bribes to arrange loans for maritime projects in Mozambique.

RBI mandates 67% variable pay component for brass of private, foreign banks

The regulator said if the variable pay is up to 200% of the fixed pay, at least 50% of it should be in non-cash

IBPS PO Prelims Result 2019 out on ibps.in: Steps to download result

IBPS PO result 2019: Selected candidates will qualify for IBPS PO Main Exam 2019

As safe as the banks?

India cannot aspire to be a double-digit growth economy with a dysfunctional financial system

IBPS PO 2019: Online registration for 4,336 posts ends today; know details

IBPS PO 2019: Today is the last day to apply for 4,336 Probationary Officers (PO) and Management Trainee (MT) posts. Here's what you must know

SBI PO Mains result 2019 to be released soon: Steps to download marks

The SBI PO main exam was conducted on July 20, 2019, at various centres across the country