Page 23 - Banks

Appropriate governance standards at banks needed for public trust: RBI DG

Corporate governance is the cornerstone for any enterprise and it assumes a distinctly different undertone and importance for banks: RBI DG Jain

Ex-SBI chairman held for selling property at low price by declaring it NPA

Pratip Chaudhary was arrested on Sunday and will be brought to Jaisalmer on Monday.

BFSI Insight Summit: Banks and fintech firms must coexist, says Aditya Puri

Adds financial services sector has potential to leapfrog competition

Banks process nearly 2 mn e-mandates for auto-payment after RBI order

Industry estimates recurring transactions at 2.5% of total volume, and 1.5% in terms of value. Of these, 75% domestic transactions, and 85% international are below Rs 5,000

Banks must be ready for fully convertible capital account: RBI Dy Governor

Under fully accessible route, foreigners can have full access to specified securities; Over time, entire G-sec would be eligible for non-resident investment, says T Rabi Shankar

Banks extend Rs 11,168 cr loans in outreach programme during festive season

Public sector and private banks have sanctioned over 193,000 loans via 924 camps in 405 districts from October 16-20, FM Nirmala Sitharaman says in Tweet

Gross NPAs of banks may decline to 6.9% by March 2022: Report

Gross non-performing assets (NPAs) and net NPAs of banks are likely to decline to 6.9-7 per cent and 2.2-2.3 per cent, respectively, by the end of March 2022

IBPS PO exam 2021: 4,135 vacancies to be filled in 11 banks

Applications open on October 20. Candidates can apply online at ibps.in

Contenders for Citibank's retail arm still in due diligence stage

Lender may take time till December to finalise a buyer, no shortlist made so far, says a source

RBI imposes Rs 30 lakh penalty on Janata Sahakari Bank, Pune

The RBI on Monday said a penalty of Rs 30 lakh has been imposed on Janata Sahakari Bank Ltd, Pune for non-compliance with certain directions

Reviewing scheme to penalise banks for dry ATMs, says RBI

The scheme, which is aimed at ensuring availability of sufficient cash for the public through ATMs, has come into effect from October 1, 2021.

TCS' long-standing partnership with SBI extended for another 5 years

Under new contract, TCS will continue to maintain, enhance SBI's application estate around core banking, trade finance, financial reporting &, financial inclusion with new features and functionality

Indian Overseas hits 20% upper limit after RBI relaxes PCA curbs

RBI removed the public sector bank from the PCA framework after six years citing improvement in the bank's financial health

Banks disburse Rs 7,500 cr under Credit Guarantee Scheme for microfinancing

The scheme was announced by Finance Minister Nirmala Sitharaman in June

Many districts lack bank branches despite high economic activity: FM

Union Finance Minister Nirmala Sitharaman said despite the huge thrust on financial inclusion and high economic activity, there are districts in the country not having any banking presence at all.

India needs 4-5 more SBI sized big banks, says FM Sitharaman

There is an urgent need to scale up banking to meet the growing needs of the industry, she said

DICGC asks 21 stressed cooperative banks to prepare list of account holders

DICGC has also asked the banks to circulate consent form to account holders for accessing funds up to Rs 5 lakh as per the amended law within 90 days.

DICGC to pay upto Rs 5 lakh to depositors of 21 insured co-op banks

The banks include include Punjab & Maharashtra Co-Op Bank (PBC Bank) and City Co-operative Bank

Challenge for banks as outsiders Amazon, IKEA crack the finance code

Analysts say the risk for traditional lenders is that they will get pushed further away from the front end of the finance chain

Explained: How banks can lose $60 billion to cybercash highways

The Model 3 alternative may pose the biggest risk to the conventional money transfer business