Bank

RBI Move On Insolvency Proceedings Credit Positive: Moody’s

New Delhi: Moody’s Investors Service on Monday said the initiation of insolvency proceedings on 12 large loan defaulters is credit positive for Indian banks as it will improve their overall asset quality. The Reserve Bank last week said it has identified 12 large loan defaulters who account for 25 per cent of the total NPAs or bad loans in the ... Read More »

Mutual Fund Managers Continue To Snap Up Banking Shares

New Delhi: Mutual fund managers continued to be bullish on bank shares, with their allocation to the sector reaching an all time-high of over Rs. 1.44 lakh crore at the end of May, mainly due to cheaper valuations. In comparison, the figure was Rs. 90,014 crore at the end of May 2016. Banking continues to be the most preferred sector ... Read More »

RBI Governor Cited ‘High Uncertainty’ On Inflation For June 7 Policy Review

  Mumbai: Reserve Bank of India Governor Urjit Patel cited “high uncertainty” on inflation while holding the key interest rate for a fourth successive policy review, according to minutes of the June 7 meeting of Monetary Policy Committee released on Wednesday. It was the first time that a Monetary Policy Committee (MPC) member had voted against the majority decision. At ... 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 »

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 »

Sell Bank of India, NMDC; buy Apollo Tyres, Indiabulls Housing: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, “The sell calls are simply because there are many opportunities opening up in the midcaps, not in the large caps. So the Nifty is mildly bullish and the midcaps are now giving us that sense. So the Bank of India is a short sell, I am bearish on public sector undertaking (PSU) banks for ... Read More »

Buy State Bank of India on dips: Gaurang Shah

Gaurang Shah of Geojit Financial Services told CNBC-TV18, “We do remain positive on State Bank of India (SBI). One should start buying and possibly on gradual dips you could definitely go on adding to it. Policies by the government are looking positive and possibly you will see huge resolution in terms of the GNPL issues which are on the balance sheet ... Read More »

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 (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 »