Bank

Senior citizens, important note for you! From KYC to doorstep banking, all services that your bank has to provide

As a senior citizen, one may submit the KYC documents and Life Certificate to the bank sitting at home. With digital banking on the rise, nowadays not many bank savings account holders visit bank branches. However, not many senior citizens may be well versed with the technology and may still prefer making a visit to the bank branch for their ... Read More »

Cheaper loans not possible without deposit rate cut: HDFC Bank CEO Aditya Puri

In the last quarter, many banks had increased deposit rates fearing that there will be a liquidity crunch in the system, due to which their MCLR has also become higher. File Photo New Delhi: The Reserve Bank of India slashed repo rate, the rate at which the central bank lends money to banks, by 25 basis point earlier this month ... Read More »

Jet Airways climbs 7% on bank-led provisional resolution plan, posts loss in Q3

Jet Airways shares rallied 7.5 percent in morning on Friday after board approval for bank-led provisional resolution plan. The stock was quoting at Rs 238.40, up Rs 12.60, or 5.58 percent on the BSE, at 09:57 hours IST. “The bank led provisional resolution plan proposes restructuring under the provisions of the ‘RBI Circular’ in order to meet a funding gap ... Read More »

Kia Motors joins hands with Axis Bank

Kia Motors on February 11 said it has tied up with Axis Bank for banking and financing solutions. As a part of this agreement, the private sector lender will now offer one-stop banking and financing solutions such as inventory funding, cash credit, auto loans and fast tags to the dealers and customers of Kia Motors. “This partnership with Axis Bank ... Read More »

RBI reduces risk weights for bank lending to NBFCs

The Reserve Bank of India (RBI) has decided to assign risk weights for the rated exposures of banks to all non-banking financial companies (NBFC) to facilitate credit flow to the sector that is reeling under liquidity pressure post IL&FS defaults in August. The guidelines will be out by February end. “With a view to facilitating flow of credit to well-rated ... Read More »

ICICI Bank loan case: CBI transfers officer for delay in probe

“There was a strong suspicion that he might leak information about the ensuing searches.” The CBI is conducting an internal inquiry into the suspected role of Superintendent of Police Sudhanshu Dhar Mishra in the alleged delay in probing the ICICI Bank loan fraud case. Mr. Mishra, the supervisory officer, was transferred from the Bank Security and Fraud Cell (Delhi) to ... Read More »

Red flags relevant but why silence in our case, ask govt bank officers

Two former CEOs of public sector banks who are now facing charges filed by the CBI. IT is not often that a Union Cabinet minister goes public to criticise the “investigative adventurism” of the CBI which is under his government’s watch. On Friday, Jaitley wrote in his blog: “Sitting thousands of kilometers away when I read the list of potential ... Read More »

Yes Bank picks Deutsche India’s Ravneet Gill as Rana Kapoor successor

Yes Bank has received RBI’s approval to appoint Ravneet Gill as the MD CEO. (Image: Facebook) Private sector lender Yes Bank Thursday named Ravneet Singh Gill, currently heading Deutsche Bank India, as the managing director and chief executive to succeed Rana Kapoor, whose term ends on January 31. The Reserve Bank had last September asked Rana Kapoor, who is one ... Read More »

Forget privatisation, govt has hugged its banks tighter

The government in its rescue mission has increased its hold on banks in direct contrast to what it had promised in 2014. Photo: Bloomberg A stitch in time saves nine. The government has, over the years, received advice from numerous quarters to reduce its stake in public sector banks (PSU banks) to below 51%, so that these lenders have sufficient ... Read More »

SBI to raise at least $1 billion via overseas bonds

Mumbai: The country’s largest lender State Bank of IndiaNSE 0.50 % (SBI) is raising at least $1 billion by selling bonds to overseas investors in what is the largest such sale from the country since January 2018. The state owned lender is issuing the bonds in two tranches, one a three year and another a five year as its seeks to shore up funds ... Read More »