Demonetisation woes due to bank officers' role: Arvind Panagariya
In implementing demonetisation what did not go as planned was that "a lot of bank officials really played it in the way that they should not have played it" and it was on a scale not anticipated, according to Arvind Panagariya, Vice Chairman of Niti Aayog.
Feb 07, 2017, 13:24 PM IST
No limits on cash withdrawals through ATMs, current a/cs from today
In a big relief to people and small businesses, RBI has announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts from Wednesday but the weekly limit of Rs 24,000 on savings bank accounts will continue.
Feb 01, 2017, 09:24 AM IST
No limits on cash withdrawals through ATMs, current a/cs from tomorrow
In a big relief to people and small businesses, RBI has announced lifting of restrictions on daily withdrawal of money from ATMs and from current accounts but the weekly limit of Rs 24,000 on savings bank accounts will continue.
Jan 31, 2017, 09:28 AM IST
Bank deposits up 0.64% in January 6 fortnight
According to the data released by the Reserve Bank of India, deposits in banks jumped by 0.64 percent in the fortnight to January 6 after falling in the previous 14 days.
Jan 19, 2017, 17:46 PM IST
Cash deposits above Rs 10 lakh in bank account to come under I-T lens
The tax department has asked banks to report deposits in any account aggregating Rs 10 lakh in a year, as well as cash payments of Rs 1 lakh or more on credit card bills.
Jan 19, 2017, 16:09 PM IST
Finance Ministry likely to finalise capital infusion plan for PSBs; to exceed Rs 25,000 crore
Based on the request of various lenders which have been impacted by demonetisation amid rising bad loans, the Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week.
Jan 15, 2017, 19:06 PM IST
After pilot services, Airtel to officially launch its Payments Bank Thursday
For the same, Airtel has sent out a media invite which reads “For the launch of Airtel Payments Bank – India's first payments bank by Arun Jaitley”.
Jan 11, 2017, 19:35 PM IST
UCO Bank cuts lending rate by up to 0.8%
Public sector lender UCO Bank on Tuesday slashed its benchmark lending rate by up to 0.8 percent in line with market competition.
Jan 10, 2017, 16:19 PM IST
NPA pains to spill over into next fiscal, says Moody's
Weak asset quality will continue to plague credit profile of banks, with their profitability remaining under pressure till the next fiscal, says a report.
Jan 09, 2017, 15:18 PM IST
Petrol pumps to not accept credit/debit card payments across India from Monday
With banks deciding to imposed transaction (MDR) charges on them instead of consumers, petrol pumps across India will not accept credit and debit card payments for fuel sales from Monday.
Jan 08, 2017, 21:35 PM IST
Note ban: I-T asks banks report of deposits in savings accounts between April 1 to November 9, 2016
Seeking to analyse the banking transactions in months before the demonetisation, the Income Tax Department has asked banks to report cash deposits in savings accounts between April 1 to November 9, 2016.
Jan 08, 2017, 19:37 PM IST
Bank of Baroda joins rate cut bandwagon, slashes lending rates by up to 0.75%
Joining the rate cut bandwagon, Bank of Baroda on Thursday lowered its lending rates by up to 0.75 percent -- which will lead to cheaper home and corporate loans.
Jan 05, 2017, 18:13 PM IST
Fake accounts post demonetisation: Court denies anticipatory bail
A special court has dismissed anticipatory bail pleas of three men, accused of opening saving accounts in Jain Cooperative Bank Ltd here by forging signature of introducer, saying several such cases have been reported post demonetisation.
Jan 05, 2017, 13:52 PM IST
Demonetisation: 32 violation cases lodged, over Rs 200 cr detected till date, says CBI
Out of 32, three to four case are against Reserve Bank of India (RBI) officials, five against Post Office employees and the remaining cases are against those employed with different banks, said a CBI official.
Jan 04, 2017, 23:10 PM IST
Banks begin levying MDR charges on debit card payments
In what could be a blow for digital payments system, some banks in the country have started levying Merchant Discount Rates (MDR) charges on use of debit cards for payments.
Jan 03, 2017, 21:06 PM IST
Vijay Mallya Case: DRT reserves order on banks plea for dues recovery
The Debt Recovery Tribunal here has reserved its order on the pleas of SBI-led consortium of banks for recovery of over Rs 9,000 crore from beleaguered liquor baron Vijay Mallya in the Kingfisher Airlines case.
Jan 03, 2017, 18:36 PM IST
RBI asks banks to supply at least 40% of currency to rural areas
The Reserve Bank of India (RBI) on Tuesday asked banks to supply at least 40 percent of currency to rural areas.
Jan 03, 2017, 14:05 PM IST
SC seeks data from Centre on recovery cases filed by banks, financial institutions pending for 10 years
The bench also sought a response on the question as to whether the recovery tribunals are equipped to decide the loan recovery cases within a fixed time frame, stipulated under the law.
Jan 03, 2017, 12:21 PM IST
See normalcy in banking system by February-end: SBI Chairperson
After a New Year gift of 0.9 percentage point cut in lending rates, State Bank of India (SBI) Chairperson Arundhati Bhattacharya on Monday said she saw normalcy return to the banking system by end-February or March, with uptake in credit growth.
Jan 02, 2017, 16:13 PM IST
China approves five new private banks: total goes up to 16
China's banking regulator on Tuesday gave approval to five new private banks aimed to boost financial support for smaller firms, bringing the total number of private lenders in the world's second largest economy to 16.
Dec 27, 2016, 20:45 PM IST
