Bank

Bull’s Eye: Buy Ceat, Godrej Industries, Bank of India, Rajesh Exports, Rel Infra

Bull’s Eye, CNBC-TV18’s popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest. Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well. This week, Kunal Saraogi, ... Read More »

U.S. Bank and Sage Announce AP Optimizer to Streamline Invoice Payments

U.S. Bank (NYSE:USB) and Sage (LON:SGE) announced this week at Sage Summit 2016 in Chicago a new partnership that will benefit Sage customers in the U.S. and Canada. The partnership centers around the introduction of AP Optimizer, an application built by U.S. Bank that lives inside the Sage Live accounting platform. Its purpose, according to Bradley Matthews, head of Middle Market ... Read More »

State Bank of India share sale probably to qualified investors: Chairman

Arundhati Bhattacharya, Chairman of State Bank of India, with managing directors Rajnish Kumar and B. Sriram at a press conference in Mumbai on April 3, 2017. Photo; Paul Noronha Bhattacharya said that SBI would likely opt for selling the shares via QIP, a method under which a listed company can issue equity shares and some other securities to a select ... Read More »

State Bank of India (SBI) cleared on cash transaction charges: Rs 25 will be charged but only …

SPECIAL THINGS 25% charge per withdrawal on withdrawal of money from SBI Bank Big ATM Media reports that SBI would charge 25 rupees for all ATM transactions SBI Bank has given clearance in this regard. New Delhi: Country’s largest bank, State Bank of India (SBI) has made changes in the service charge of some cash transactions related to ATM withdrawals, ... Read More »

Punjab National Bank Cuts Lending Rates For Select Maturities

Punjab National Bank has trimmed the marginal cost based lending rates by 0.05 per cent. New Delhi: State-owned Punjab National Bank (PNB) has cut marginal cost based lending rates by 0.05 per cent for select maturities to be effective from next month. “The bank has reduced marginal cost of funds based lending rate (MCLR) with effect from June 1, 2017,” ... Read More »

Resolving stressed assets in public sector banks

The Reserve Bank of India (RBI). Photo: Pradeep Gaur/Mint The Reserve Bank of India (RBI) top brass has been batting for a number of ways to resolve public sector bank problems. In a lucid speech, deputy governor Viral Acharya suggested options like raising private capital, mergers, and divestments. RBI governor Urjit Patel, in the Third Kotak Family Distinguished Lecture delivered ... Read More »

The 3 payment banks have plans for your money

MUMBAI, MAY 24:   With three players launching their payments bank services, consumers now have more choice for their banking needs. Going by the rate of interest being offered for deposits, Airtel seems to be the most aggressive. The telecom operator’s payments bank provides the highest interest raṭe on deposits at 7.2 per cent, followed by India Post at 5.5 per ... Read More »

Banks’ asset quality woes not over yet

The bulk of asset quality recognition for public sector banks is over at the end of March quarter, but analysts spot no encouraging trends yet. Photo: Pradeep Gaur/Mint Mumbai: The bulk of asset quality recognition for public sector banks is over at the end of March quarter, but analysts spot no encouraging trends yet. During the quarter, outstanding public sector ... Read More »

What the Heck is Happening at Your Bank These Days?

If you’re like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking account balances with a few mouse clicks. Digital banking is undeniably gaining ground over the old brick-and-mortar process. But about 84 percent (PDF) of banking customers still visit branches at least occasionally, according ... Read More »

This Caribbean Bank Wants Chinese Money No One Else Will Touch

The global campaign against money laundering combined with the Panama Papers made the Caribbean islands of sun, sand and offshore banking a near no-go zone for the world’s biggest banks. So the British Virgin Islands has a solution: a bank to service offshore companies, many of them from China, locked out of the global banking system by HSBC Holdings Plc, ... Read More »