Debit card data fraud: What waits ahead for the banks?
The Finance Ministry has asked various agencies, including the Reserve Bank of India, which are looking into the largest banking security breach involving over 32 lakh debit cards to submit their report in 10 days.
Oct 23, 2016, 23:43 PM IST
Finance Ministry to hold meeting with top management of banks on NPAs today
In order to discuss the bad loans problem existing in specific sectors, Finance Ministry has called a meeting with senior managers of banks on Monday. The agenda of meeting will be focussed on non-performing assets (NPAs) in sectors like steel, power and infrastructure, sources said.
Oct 23, 2016, 19:19 PM IST
Leading banks planning to move out of UK before Brexit
Most of the leading banks based in the UK could begin to pull-out of the country early next year because of uncertainty about Britain's exit from the EU and increasing fears over the impending Brexit negotiations, a top banking association has warned.
Oct 23, 2016, 18:51 PM IST
Banks looking at 'resolution' of Rs 1.5 lakh crore worth stressed assets in coming months
Enthused by speedy recovery of loans worth USD 2.5 billion by three lenders including ICICI Bank within days of mega USD 13-billion Essar deal, banks are now looking at resolution of stressed assets totalling Rs 1.25-1.50 lakh crore (nearly USD 20 billion) in coming months.
Oct 23, 2016, 17:38 PM IST
Debit card fraud: Police claims number of affected cards can be 6.5 million!
As the probe over data breach widens, investigative agency and police claim the number of affected debit cards can be as high as 6.5 million
Oct 22, 2016, 16:59 PM IST
Yes Bank reports a 31.3% jump in net profit to Rs 802 crore
The bank had recorded a net profit of Rs 610.4 crore in the corresponding quarter last fiscal, Yes Bank said in a statement.
Oct 20, 2016, 17:40 PM IST
Is internet banking a risk due to cyber threats?
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Oct 19, 2016, 23:29 PM IST
Axis Bank cuts lending rate by 0.05% across tenors
Private sector Axis Bank has cut the marginal cost of fund based lending rate by 0.05 percent across all tenors, effective tomorrow (Tuesday).
Oct 17, 2016, 19:26 PM IST
These top banks warn they could leave Britain in 2017: Know why!
Top bankers warned on Tuesday they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the EU.
Oct 11, 2016, 21:21 PM IST
RBI issues operational guidelines for Payment, Small Finance Banks
The RBI released on Thursday its operating guidelines for Payment Banks and Small Finance Banks, noting the prudential regulatory framework for the entities under the two categories will largely be drawn from the Basel standards.
Oct 06, 2016, 19:33 PM IST
Lodha committee tells banks to halt BCCI disbursements
The panel also cited the July 18 Supreme Court verdict, which had told the BCCI to "cooperate and act in aid of the Committee and its directives".
Oct 03, 2016, 14:58 PM IST
CBI registers case against ex-CMD of Canara Bank
CBI has registered a case against former Chairman-cum-Managing Director of Canara Bank R K Dubey for allegedly allowing deviations in sanctioning credit limits to a company during his tenure as Executive Director at Central Bank of India.
Sep 30, 2016, 19:48 PM IST
'GDP to bank credit growth link weakening due to alternatives'
Historical correlation between GDP growth and banks' credit expansion is fast eroding due to proliferation of other institutions, and lenders will have to make a slew of changes to regain their share, Reserve Bank Deputy Governor S S Mundra Wednesday said.
Sep 28, 2016, 16:53 PM IST
Four PSBs probing Jan Dhan account deposits: Arun Jaitley
Four state-run banks are probing whether the money in some financial inclusion scheme Jan Dhan accounts was deposited by the account holders themselves, or by business correspondents to keep the number of zero-balance accounts low, Finance Minister Arun Jaitley said on Friday.
Sep 16, 2016, 18:06 PM IST
FM Arun Jaitley to review performance of state-run banks today
Finance Minister Arun Jaitley is undertaking a quarterly performance review of state-run banks here on Friday not just to see the progress of various financial inclusion schemes, but also look at the overall health of the banking system, officials said.
Sep 16, 2016, 07:21 AM IST
Adhere to timeline on EMV chip based cards: RBI to banks
RBI on Thursday asked banks to replace existing magnetic stripe only cards to EMV Chip and PIN cards by the deadline of December 2018 and no extension will be given.
Sep 15, 2016, 19:04 PM IST
Next round of capital infusion in PSBs post Q3 results
Government has set parameters for public sector banks for receiving capital support and only those lenders which fulfil the criteria post third quarter results would be eligible for funds.
Sep 04, 2016, 12:58 PM IST
RBI asks banks to lay down clear policy on stressed asset sale
Amid rising NPAs, RBI on Thursday asked banks to put in place clear policies for sale of stressed assets to securitisation and reconstruction firms and secure two external valuation reports in case the exposure tops Rs 50 crore.
Sep 01, 2016, 19:42 PM IST
SC asks banks to respond to Vijay Mallya's plea against contempt notice
Giving ten days time to the SBI to file its response, the bench of Justice Kurian Joseph and Justice Rohinton Fali Nariman gave Mallya a week`s time to file his rejoinder as it directed the hearing of the matter on September 27, 2016.
Aug 29, 2016, 13:17 PM IST
Vijay Mallya deliberately concealing his assets, banks to SC
Banks on Monday told the Supreme Court that Vijay Mallya deliberately didn't make full disclosure of his assets including 40 million dollars he received in February.
Aug 29, 2016, 12:02 PM IST
