Page 46 - Banks

Bank shares erase early gains as RBI keeps repo rate unchanged

PNB, Federal Bank, BOB and YES Bank were down 2% to 4% from intra-day highs

Phishing website spoof 26 banks, including SBI, ICICI: US Report

Researchers from US-based cyber security company FireEye have claimed discovering malicious phishing websites created by cyber criminals that spoof 26 Indian banks to steal personal information from customers.

Short-on-cash banks approach RBI to brace for pay day

With pay day knocking at the door, banks are preparing themselves to face the huge rush

Deposits above Rs 2.5 lakh: Don't panic if you receive the I-T notice

If you are unable to give a satisfactory explanation about source of income, proceedings and penalties can follow

Cash-stuffed banks grapple with storage, hike cover

The problem of currency accumulation is acuter in smaller and rural branches, which are running short of staffs

Co-op banks approach RBI as PSBs limit cash flow to them

There are 1,579 cooperative banks across the country and they have 10,000 branches and close to 3,000 ATMs

Incremental stress on bank books coming down, says RBI official

Public sector bank executives said the fall in addition was small but reflected gradual changes due to a slew of steps to control NPA slippage

Banks face weak third quarter

But they may emerge stronger than NBFCs in three-six months

Banks expect 5/25, SDR cases to increase as new debt resolution scheme kicks in

NPAs and provisioning requirement for banks to come down

Cashless and worried, millions spend hours outside banks for new currency

Banks still haven't got the new set of Rs 500 notes as customers were given a mix of Rs 2,000 and Rs 100 notes

Long queues outside: Banks to remain open till 9 pm for 3 days, no ATM charges till 31 Dec

Bankers have also been advised not to take additional leaves for the next one month

Banking shares extend rally; SBI, Kotak Mahindra Bank hit 52-week highs

SBI, IOB, Vijaya Bank, Uco Bank, United Bank Syndicate Bank and Allahabad Bank were up 5%-7% on the NSE.

Govt orders probe into debit card data breach

641 customers of 19 banks identified as victims so far; banks issue advisory to customers

Letters: Use with discretion

With reference to Dev Chatterjee and Abhijit Lele's report, "Banks want promoter's guarantees for new loans" (September 20), mounting pressure due to rising stressed assets is prompting lenders to ask for personal guarantee from promoters and chief executive officers of companies while offering fresh credit facilities or rescheduling existing facilities to borrowers. However, to what extent the personal guarantee is worthy is a matter that can be analysed only when lenders go for the realisation of personal assets.Obviously, all outstanding non-performing assets have not risen because of financial mismanagement or malfeasance. Therefore, while granting and delivering credit facilities, it is imperative that bankers assess and recognise a particular client's need to obtain various primary and additional securities to secure his or her debt.Asking for personal guarantee may discourage entrepreneurs from starting a new business enterprise or taking over an existing one. Under the Strategi

Banks want promoters' guarantee for new loans

Stressed assets sale stalled as bidders refused to give such guarantees

Next round of capital infusion in public sector banks post Q3 results

Government in July had announced the first round of capital infusion of Rs 22,915 crore for 13 banks

Banks should identify key areas for certification of staff: RBI committee

RBI had constituted a Committee on Capacity Building in July 2014, under the chairmanship of former executive director, G Gopalakrishna

Economy's financial parameters improved in April-June: Survey

The economic activity index stood at 51.8 compared to 64.6 in the previous quarter

GST might push up banks' operating expenses

The effective tax rate for fee-based services of banks may rise from present 15% to 18%

Private banks' grow retail advances book led by unsecured loans

Lenders say the rise of credit bureaus and easy monitoring of credit scores have helped them check delinquencies