Tag Archives: bank

Bank credit: can’t be business as usual, says RBI Deputy Governor N.S. Vishwanathan

RBI’s Vishwanathan says stressed asset norms aimed at changing behaviour of lenders and borrowers The Reserve Bank of India’s latest norms for the resolution of stressed assets are aimed at warding off further risks to the banking sector from lending operations, according to RBI Deputy Governor N.S. Vishwanathan. Speaking at the National Institute of Bank Management on Wednesday, Mr. Vishwanathan ... Read More »

IDBI Bank to close loss-making branches, limit NPAs and focus on retail to get out of PCA: Deputy MD

IDBI Bank hopes to come out of the regulatory restrictive Prompt Corrective Action (PCA) after taking a host of measures, including closure/merger of branches, conversion of 31 loss-making branches into outlets, divestment in non-core assets, setting up of separate stressed assets management group and focus on retail and good quality corporate business. Amid talks of part stake sale by the ... Read More »

High provisions may dent bank profits this quarter

“We expect PNB to report a large loss owing to higher provisions.” MUMBAI: Higher provisions due to rising non-performing assets, losses on account of marked-to-market investments in government securities and uncertainty on leadership will weigh on banks as they set to report fourth-quarter results. Analysts expect net profits of large banks to fall as elevated provisions continue to take a ... Read More »

After Tencent and Ctrip, Bank of East Asia eyes more partners for virtual banking

Bank of East Asia, which has teamed up with internet giant Tencent Holdings and online travel provider Ctrip, is seeking more tech partners to develop its virtual banking services, according to deputy chief executive Adrian Li Man-kiu. Hong Kong Monetary Authority, the city’s central bank, which is aggressively pushing the local banking sector to develop fintech, plans to issue its ... 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 »

How Fintech is Bridging the Big Bank Gap

Big banks have always been averse to risk.  They also tend to view small and medium-sized businesses as high-risk, choosing to restrict investment, in terms of both lending and services, for the SMB market. A 2015 credit survey by the Federal Reserve found that smaller institutions were 18 percent more likely to approve a small business loan than big banks, while SMBs ... 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 to a March 2016 Federal ... Read More »

Another Bank Says Its Credit Cards Can’t Be Used to Buy Bitcoin

The U.K. banking group Lloyds has banned its customers from using their credit cards to buy bitcoin and other cryptocurrencies. The move comes just a couple days after U.S. banks—from Bank of America and J.P Morgan to Citigroup, Discover and Capital One—told their customers not to buy virtual coins on credit. “Across Lloyds Bank, Bank of Scotland, Halifax and MBNA, we do not accept ... Read More »

India Post Payments Bank pan-India rollout from May

India Post Payments Bank plans to roll out its branches across India from May 2018 with an investment of about Rs 1,450 crore, Postal secretary Ananta Narayan Nanda said on Monday. “By April, all our systems will be ready. We will start rolling out all India Post Payments Bank (IPPB) branches between May and September,” Nanda told PTI. He said ... Read More »

How misadventures of Bank of Baroda dragged it into South Africa’s political crisis

The Bank of Baroda headquarters is pictured in Mumbai.(Reuters File) In June 2017, an anodyne footnote to the Bank of Baroda’s (BoB) quarterly results mentioned a fine levied by the South African Reserve Bank (SARB), headquartered in Pretoria. The sum — Rs 5.45 crore — was insignificant for an institution the size of BoB. No further details were given; the ... Read More »