BANKS

Citi appoints Arjun Chowdhry as head of global consumer banking, India

Arjun Chowdhry will join the Asia consumer leadership team, ensuring alignment with global and regional priorities and attracting the right...

Banks' low profitability, weak asset quality pose difficulty in boosting digitisation: S&P

In its report titled 'Tech Disruption in retail banking: Top tier banks lead the change', S&P said India's digital disruption, however, pos...

Plea in Delhi High Court against Lakshmi Vilas Bank-DBS merger says shareholders shortchanged

The petition was listed before a bench of Chief Justice D N Patel and Justice Jyoti Singh on January 13, but was adjourned to February 19 a...

Banks parked Rs 2 trillion excess cash amid RBI signalling

The cut-off yield, above which banks cannot claim a rate for parking excess cash, was at 3.55 percent. That was higher than the average mar...

IDFC First Bank enters credit card business

Generally, the annual percentage rate or the APR for other banks ranges from 34-40%. Customers can also use interest-free cash withdrawal f...

Govt decides not to issue anymore zero coupon bonds for banks’ recapitalisation

The government had relied on zero coupon bonds for the first time last year when it used it to infuse Rs 5,500 crore in state-owned-Punjab ...

Banks rely on farmers for new loans

Economists attribute this trend to farm sector doing better than the urban-centric sectors like industries and services during the pandemic...

RBI imposes Rs 2 crore penalty on Deutsche Bank

The action, the RBI added, was based on the deficiencies in regulatory compliance and was not intended to pronounce upon the validity of an...

Real bank stress may be hidden by easy liquidity: RBI's Shaktikanta Das

The extraordinary easy liquidity policies of the Reserve Bank of India (RBI) have helped banks report strong financial parameters but these...

Axis Bank announces no penalty on premature closure of term deposits

“The objective of this customer-friendly feature is to inculcate and encourage retail customers to go for long-term savings without worryin...

Indian banking's digital drive is looking increasingly bright for banking correspondents

Thanks to their role in taking banking and financial services to the last mile, several ecommerce players are interested in tapping them to...

View: Bad bank is a good idea, but India's debt-laden banks need a better plan

How does one make bad loans seamlessly move from banks to investors who love dealing in junk? How does one make such deals part of a normal...

The future of banking: Lessons from the DBS takeover

The credit-starved Indian market provides a opportunity for universal banks to explore and grow profitably.

Shivalik Bank gets license as Small Finance Bank

Shivalik bank has over four lakh customers and a total business size of Rs 1,800 crore as on March 31, 2020. The total advances stood at Rs...

Banks pass on less than half of rate cuts signalled by the Reserve Bank of India since March

Despite the RBI signaling 115 basis point(one bps is 0.01%) reduction of its benchmark repo rate - the rate at which it lends to banks - si...

Bank of Baroda launches WhatsApp banking services

The lender is offering services such as balance enquiry, mini statement, cheque status enquiry, cheque book request, blocking debit card an...

Post Office Savings Bank likely to be interconnected with other banks by April

The postal department during the lockdown was at the frontline to deliver essential parcels when rail, road and air traffic were grounded a...