Tag Archives: bank

Don’t panic on that WhatsApp message! No bank is closing down

There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors’ money is safe, according to Finance Ministry and the Reserve Bank of India (RBI). Since last few weeks, Whatsapp Groups have seen a barrage of messages claiming closure of nine public sector ... Read More »

Don’t panic on that WhatsApp message! No bank is closing down

There are increasing number of messages on WhatsApp and other social media platforms informing people about closure of nine banks. However, these are baseless, untrue and all depositors’ money is safe, according to Finance Ministry and the Reserve Bank of India (RBI). Since last few weeks, Whatsapp Groups have seen a barrage of messages claiming closure of nine public sector ... Read More »

AU Small Finance Bank now among the top 20 NBFCs by market capitalisation

The stock has gained 30% after its robust debut on July 10 MUMBAI, JULY 13:   Within three days of listing, the market capitalisation of AU Small Finance Bank (AU SFB), which got converted from a non-banking finance company to a bank only in April 2017, is larger than PSU banks such as IDBI Bank, Union Bank, Dena Bank and Bank ... Read More »

AU Small Finance Bank crosses Rs 600-mark, up 77% over issue price

AU Small Finance Bank shares continued to rally for third consecutive session since listing, crossing the Rs 600-mark and hitting a new high of Rs 634.80 on Wednesday. The stock surged more than 77 percent from its issue price of Rs 358. On listing day, i.e. Monday, it rallied nearly 52 percent from issue price. It means there has been a ... Read More »

Bank of England: pay figures will fuel raging interest rate debate

Bank of England may be amenable to higher rates of interest. Photograph: Hannah Mckay/Reuters There is more fuel for the raging debate around UK interest rates this week, with official figures on pay growth out on Wednesday. Investors and policymakers alike are looking for any signs that a tight labour market can translate into faster pay growth, a trend that ... Read More »

Axis Bank Launches Super Bike Loans; To Fund 95% Of Costs

Mumbai: As the higher engine displacement ‘super bikes’ catch fancy of the Indian consumer, Axis Bank on Wednesday introduced a special loan product, offering to fund up to 95 per cent of the costs. The loans, which are for motorcycles with an engine displacement of over 500 cubic centimetres (cc), will come at a price tag of 10-11 per cent ... Read More »

Deutsche Bank rejects US Democrats’ call for Trump finance details

The logo of Deutsche Bank is seen at its headquarters ahead of the bank’s annual general meeting in Frankfurt, Germany May 18, 2017. Deutsche Bank has loaned the Trump organization millions of dollars for real-estate ventures. REUTERS/Ralph Orlowski Deutsche Bank’s external counsel in Washington, D.C. rejected on Thursday demands by US House Democrats to provide details of President Donald Trump’s ... Read More »

Govt makes fresh attempt to revive IDBI Bank

Privatisation of IDBI Bank might be further delayed, with the government making a fresh attempt to revive the state-owned lender after fresh slippages were reported over the last two quarters that derailed the stake sale plan. The recovery plan includes capitalisation through non-core assets sale, hiving off subsidiaries, controlling expenses and remodelling the business. The qualified institutional placement (QIP) plan ... Read More »

Bank employees body questions need for turnaround plan for 10 weak govt banks

In March, the centre had asked weak public sector banks to come up with turnaround plans by setting stiff targets for improving asset quality, bad loan recovery, cost control, capital utilization, etc. Photo: Mint Mumbai: The All India Bank Employees’ Association (AIBEA) has questioned the purpose of a turnaround plan for 10 weak public sector banks (PSBs) identified by the ... 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 »