Page 18 - Banking

Banking system to be capital constrained, needs $18 bn in 3 years

Opportunity for banks is substantial if they can successfully address their current stresses and re-invent business model

Rs 3,35,000 cr of black money may be wiped out in demonetisation drive

This step by the government is a death blow to the cash component of black money, said a Think Tank

IT spend of banking, securities firms to hit $7.8 bn: Gartner

There is a lot of investment from banks to leverage digital technologies in order to enhance the customer facing platforms

5 banks that have announced scaling down India ops recently

HSBC plans to wind down its P-notes business, FirstRand Bank to shut retail operations

India less vulnerable to banking distress risks than China

A report by Bank for International Settlements suggests heightened risk of banking distress in a number of emerging market economies

Private banks take bigger hit on loan sales to ARCs

A closer look at these transactions reveals that private sector banks sold loans at much steeper discount rate to ARCs than public sector banks

Nation-wide bank strike hits daily operations

Cheque clearances, cash deposits get affected as 10 lakh employees are striking against Centre's policies for the sector

Banking complaints up 35% in AP, Telangana in FY16

SBI continued to account for largest share with 26.2% complaints in 2015-16, share of its associate banks was 9%

IDFC Bank snaps up Grama Vidiyal Microfinance

This is a first-of-its-kind transaction where a bank has taken over a microfinance institution (MFI) and made it a subsidiary

CVC calls for foolproof system to verify bank customers' data

The banks, at present, do not have an online facility to verify the documents given to them

Higher remittances could aid fee income of select banks

Federal Bank, City Union Bank, and South Indian Bank are seen as key beneficiaries

Banking: Rajiv Anand

Is it possible to get an add-on international credit card for my daughter, who will be going abroad for higher studies ? What are the options? Yes, it is possible to get an add-on international credit card for your daughter on the basis the internationally accepted credit card issued by your existing bank. Once you complete the Know Your Customer requirement for your daughter, post the bank will issue the card. In fact, with the advent of Chip and Pin technology, the transactions have become far more safe and secure. Alternatively, you can also give your daughter an internationally enabled debit card or a prepaid forex card. These are much better options compared to cash.Can I take a home loan to build a house on a plot in my mother's name? Or should we take a joint loan? Since she is retired, can she get a loan? If the plot is in your mother's name, you should apply for the loan with your mother as a co-borrower, as all property owners are required to be part of the loan structure. H

PSB losses on higher provisioning; will provide more funds: Arun Jaitley

He said PSBs made operating profits of Rs 1.40 lakh crore in 2015-16 indicating that their performance was not as bad as being projected

Banking system in the midst of a revolution: Rajan

Central bank looking at exploring more niche banks like custodian banks, wholesale banks and long-term financing banks

Draw up board approves financial inclusion plans, govt tells banks

Govt has asked banks to make the plans an integral part of their corporate strategies to widen reach of banking services