Page 21 - Banks

RBI releases report on trend and progress of banking in India: Highlights

Return on assets of SCBs improved from 0.2 per cent at end-March 2020 to 0.7 per cent at end-March 2021, aided by stable income and decline in expenditure, states the report

BFSI: Retail vertical looks set to drive credit growth, says CRISIL

Within banks, credit issued to the retail segment, which was up 4 per cent as of October 2021, is expected to log 12-14 per cent growth this fiscal

Rs 6,000-cr Bank of Baroda scam: CBI files 2 supplementary chargesheets

In the chargesheets filed before a special CBI court, the central agency has alleged that a group of people opened accounts and deposited funds in them through various other accounts

Banks' better NPA recovery, declined provisioning to continue in 2022: ICRA

The improvement in such parameters has helped realise better profitability for the banks, the rating agency said

Banks, fintechs' competition must lead to collaboration: Accenture exec

Regulated Central Bank Digital Currency is a 'promising solution for an increasingly digital world', says Sonali Kulkarni.

RBI cautions banks' chiefs on risk involved in cryptocurrency trade

The central bank, on the other hand, has been vocal against crypto currencies

RBI refuses to relax asset classification, provisioning norms for NBFCs

This will give rise to bad debt numbers of such para banks on technical grounds while making asset quality norms standardised across banks and NBFCs

Bank strike total across West Bengal, customers inconvenienced

Most of the ATMs ran dry due to the lack of replenishment

Yes Bank board to consider raising funds via various instruments on Dec 21

The bank has, however, not specified how much money it intends to raise

Capital norms for operational risks of banks to be revised: RBI

The revised directions will apply to all commercial banks in India

NatWest fined 264.8 million pounds in money-laundering case

British bank NatWest was fined 264.8 million pounds (USD 354.30 million) on Monday for failing to comply with money laundering rules

What does a scheduled bank status mean for Paytm Payments Bank?

After a choppy IPO debut, Paytm received the RBI nod to operate as a scheduled payments bank. How does it change things for the company? This report makes sense of Paytm Payments Bank's new status

Bank of Maharashtra slashes retail lending rates by up to 40 bps

The Pune-based lender's outstanding home loans stood at Rs 19,112 crore as of September 2021

The good and not so good of new bank ownership norms

Isn't it time to review the 'fit and proper' criteria for banking licence, particularly with reference to individuals applying for it?

Banks want more time to meet card-on-file tokenisation norms

Tokenisation is the process of replacing the debit and credit card numbers with a set of characters or tokens

Measures taken to protect bona fide commercial decision of banks: FM

This is to alleviate the fear of any unwarranted hardships to officials or senior executives taking key decisions: FM

RBI imposes curbs on Nagar Urban Co-op Bank, caps withdrawals at Rs 10,000

The restrictions, imposed through directions under the Banking Regulation Act (as applicable to co-operative societies), 1949, shall remain in force for a period of six months

China central bank cuts reserve requirement ratio as economy slows

The People's Bank of China will reduce the reserve requirement ratio by 0.5 percentage point for all banks except those that are already on the lowest level of 5%, according to a statement

What are the types of bank accounts in India?

India has different types of bank accounts for different purposes. Find out the various types of accounts that can help you decide which one suits your requirements best

Indian banks behind on digital adoption, it's time to wake up: Uday Kotak

Says banks must be able to feed huge data being churned out by the financial system into analytics and ML. Turnaround time must give an MSME clarity on a loan in minutes, if not seconds