Loan dues can be recovered from debtor's savings account: Madras High Court
If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench here on Saturday.
Jun 18, 2016, 17:23 PM IST
With loads of gold, Tirupati looks for banks with high rates
The management of Tirupati Balaji Temple in Andhra Pradesh has said it will look for banks that offer highest interest rates for its gold available for investment.
Jun 17, 2016, 16:21 PM IST
Banks hit as Wall Street sinks amid Brexit worries
Wall Street tumbled a fourth straight day Tuesday as mounting worries over Britain`s coming Brexit vote hit especially shares of big banks.
Jun 15, 2016, 02:39 AM IST
Tata Communications installs 8,000 ATM units across the country
Tata Communications today said its white label automated teller machines (ATM) arm has put 8,000 units across 4,600 towns of 20 states in the country till now.
Jun 09, 2016, 22:18 PM IST
Vijay Mallya case: DRT advises banks to coordinate recovery of Rs 2000 crore
The Debt Recovery Tribunal Tuesday advised SBI-led consortium of banks in Vijay Mallya case to make coordinated efforts among themselves to recover around Rs 2000 crore parked in courts in the country and reduce losses to the tune of over Rs 9000 core incurred by the banks.
Jun 07, 2016, 21:23 PM IST
To tackle bad loans, RBI proposes formation of dual funds by banks
In order to tackle the burning problem of sticky loans and debt-heavy companies, Reserve Bank of India (RBI) has proposed formation of dual funds by banks which may help in solving the tricky situation.
Jun 04, 2016, 10:29 AM IST
Read to know how much interest these private banks offer on savings accounts!
Read to know how much interest these private banks offer on savings accounts!
Jun 04, 2016, 09:38 AM IST
Govt's solution for bad loans: Merge state-owned banks to 6 from 27
Vinod Rai, a 68-year-old former auditor general of India, said consolidation has already begun with State Bank of India`s move to absorb five subsidiaries and Bharatiya Mahila Bank, a bank for women set up in 2013.
May 24, 2016, 18:01 PM IST
India Post payments bank will be functional by March 2017: Ravi Shankar Prasad
India Post's payments bank will start functioning from March 2017 and serve as a wider platform to implement financial inclusion programmes, IT & Communications Minister Ravi Shankar Prasad said Sunday.
May 22, 2016, 17:40 PM IST
What to do when ATM transaction fails, but amount gets debited from account?
As per RBI guidelines, in case of non-disbursal of cash from the ATM of your bank or any other contact nearest branch of bank where you have account.
May 21, 2016, 20:33 PM IST
SBI associate banks staff goes on strike today against merger
A section of employees of five associate banks of SBI went to on strike Friday against their proposed merger with parent.
May 20, 2016, 08:16 AM IST
HDFC Bank seeks nod to up authorised share capital to Rs 650 crore
HDFC Bank Thursday said it will seek shareholders' approval to hike the authorised share capital of the bank to Rs 650 crore.
May 19, 2016, 17:26 PM IST
SBI seeks govt nod for acquisition of associate banks, BMB
Top state-run lender SBI Tuesday proposed merger of its five associate banks and newly created Bharatiya Mahila Bank (BMB) with itself and sought government's approval for the same -- a major bid to consolidate the public sector banking space.
May 17, 2016, 19:15 PM IST
Bank employees union calls for nationwide strike on Aug 29
An umbrella body of bank unions has called for a nationwide strike on August 29 to protest against the government's banking reforms.
May 12, 2016, 18:35 PM IST
Credibility low as bankers have cried wolf too often: Raghuram Rajan
Bankers may have a low credibility for having "cried wolf too often", RBI Governor Raghuram Rajan said even as he appeared favouring their case for easing of strict capital control measures to boost growth.
May 11, 2016, 20:07 PM IST
RBI proposes norms for on-tap bank licenses, rules out big business houses
The Reserve Bank of India (RBI) on Thursday unveiled norms for on-tap universal banking licenses leaving out big business houses such as Reliance, Tata and Birla which were aggressively trying for floating universal banks.
May 06, 2016, 09:18 AM IST
Canara Bank revises lending rates based on MCLR
Public sector Canara Bank on Wednesday said it has revised the lending rates based on the marginal cost of funds (MCLR) for May to 8.80-9.35 percent.
May 04, 2016, 17:42 PM IST
Kingfisher House auction: Lenders begin revaluation in a bid to sell it
Almost two months after it proved to be a flop show, lenders have begun a fresh valuation process of auctioning Kingfisher House, the headquarter of Vijay Mallya's now defunct Kingfisher Airlines.
May 04, 2016, 16:35 PM IST
I am neither a borrower or a judgement debtor, says Vijay Mallya
Liquor baron Vijay Mallya, facing a case of loan default of over Rs 9,400 crore, Tuesday tweeted that I am neither a borrower or a judgement debtor.
May 03, 2016, 10:46 AM IST![Qatar National Bank says its systems were "fully secure" following cyber attack](https://english.cdn.zeenews.com/sites/default/files/styles/zm_700x400/public/2016/05/01/483969-qnb.jpg "Qatar National Bank says its systems were "fully secure" following cyber attack")
Qatar National Bank says its systems were "fully secure" following cyber attack
Qatar National Bank said on Sunday that its systems were "fully secure" following a cyber attack which potentially exposed the names and passwords of tens of thousands of customers.
May 01, 2016, 19:08 PM IST
