Tag Archives: bank

Focus on cleaning bank books, rather than mergers: Raghuram Rajan

In an interview, former RBI Governor Raghuram Rajan elaborates on his stint and nuances of monetary policy Former RBI governor, Raghuram Rajan’s latest book, I Do What I Do: On Reform, Rhetoric and Resolve, was launched on Tuesday. Ahead of the launch he spoke to BusinessLine on a wide range of subjects from tackling the NPA mess and independence of the RBI to ... Read More »

Unions threaten strike over pending wage revision in IDBI Bank

AIBEA and AIBOA have jointly written a letter to the MD and CEO of the bank THIRUVANANTHAPURAM, SEPT 5:   Bank employees and officers’ unions have expressed deep concern over the long-pending wage revision in IDBI Bank. The All India Bank Employees’ Association (AIBEA) and All India Bank Officers’ Association (AIBOA) have jointly written a letter to the MD & CEO ... Read More »

27 Percent of Small Business Owners Use Same Bank Account for Business and Personal (Infographic)

Managing finances is a key priority for small businesses. Yet many business owners make financial mistakesthat may cost them dearly. For example, a new study has revealed 27 percent of small business owners use the same checking account for personal and business finances. Downsides of Using the Same Bank Account for Business and Personal While it may seem easier to consolidate all ... Read More »

HDFC Bank cuts savings account interest rate by 50 bps: As rates fall, it’s time you shift to liquid funds

HDFC Bank on Thursday announced slashing interest rate on savings accounts starting this Saturday, joining a spate of banks who underwent the similar exercise in recent weeks. According to the bank, customers who maintain a savings bank account balance of Rs 50 lakh and above will continue to earn interest rate at 4 percent per annum. Similarly, customers having a ... Read More »

Finally, PayPal Allows Instant Transfers to Bank Accounts

PayPal (NASDAQ:PYPL) users in the U.S. will soon be able to instantly transfer money to their bank accounts and have the cash show up in minutes. This is in contrast to the three to five business days it currently takes the popular payment platform to process funds.  U.S. users will be able to move the money via eligible debit cards ... Read More »

Govt to initiate PSU bank consolidation process after Q1 numbers

The government in February had approved the merger of these five associate banks with SBI. Photo: Hemant Mishra/Mint New Delhi: The finance ministry is expected to initiate the process of consolidation of public sector banks (PSBs) once the first quarter results of the current fiscal have been announced, a senior official has said. There are various things including financial performance which ... Read More »

High-end Livestreaming that Won’t Break the Bank

Cheaper and better — it’s a combination every small business owner loves hearing, but researching reliable B2B products or services to genuinely make tasks cheaper and better is far from easy. Overwhelmed by the time required to do research, small businesses will do DIY experiments with what’s affordable in video marketing. But ultimately, low-quality video and wasted time make those ... Read More »

In debt with cancer: Is your bank listening?

Tracy Jameson was diagnosed with ovarian cancer last year Some cancer sufferers who phone the Macmillan support line want to talk about death, and the process of dying. But for 25 times as many patients, it’s not their health they want to discuss. It’s their finances. Macmillan’s research shows that most cancer suffers are nearly £7,000 a year worse off ... Read More »

A further re-rating on the cards for Yes Bank?

It was a quarterly performance that ticked all boxes. Stung by the bad press of the previous quarter’s numbers, Yes Bank seems to have been determined to erase all the memories. So not just the numbers, but the quality of disclosure, too, was superior this time around. With best-in-class asset quality, strong growth momentum and a focused approach to retail banking, Yes ... Read More »

Earnings, bank shares propel S&P 500 to record high

NEW YORK, JULY 26:   The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald’s and Caterpillar and gains for bank shares. The Nasdaq also managed to set a record high despite declines in Google parent Alphabet after its results. Alphabet shares ended down 2.9 per cent. Shares of McDonald’s rose 4.8 ... Read More »