Tag: banks
HDFC, ICICI Bank Begins To Levy Cash Transaction Fee
In a bid to discourage cash transactions, from March 1, customers carrying out financial transactions at HDFC Bank and ICICI bank branches will have to pay a fee if the number of transactions exceed beyond four.....
Equity Indices Surge As Banks Stocks Gain, Sensex Climbs Mount 35k
Key Indian equity indices on Wednesday traded with substantial gains during the mid-afternoon session, with the barometer 30-scrip Sensitive Index (Sensex) of the BSE hitting the 35,000-mark on an intra-day basis for the first time.....
Passport Details Must For Loans Of Rs 50 Crore And Above
Following the multi-crore Punjab National Bank (PNB) fraud, public sector banks have been asked to obtain passport details of borrowers taking more than Rs 50 crore so that information is quickly available in case any loan-taker flees the country.....
RBI Hikes Repo Rate By 25 Basis Points To 6.25 Per Cent
Following a cycle of rate cuts begun in January 2015, the RBI on Wednesday raised its key interest rate for the first time by 25 basis points to 6.25 per cent, a central bank announcement said.....
Most NPAs Originated In 2006-08, Banks To Blame: Raghuram Rajan
Former RBI Governor Raghuram Rajan has said that a big number of non-performing assetes (NPAs) originated in 2006-08 when India's economic growth was strong while some banks proved inadequate in making proper due diligence....
RBI Looked The Other Way When Banks Lent Freely, Ran Up NPAs: Jaitley
Finance Minister Arun Jaitley on Tuesday held the central bank responsible for the mountain of bad loans, saying the Reserve Bank looked the other way when banks lent indiscriminately during 2008-14 to keep the economy humming.....
BoB Issues Shares To Vijaya, Dena Bank Shareholders
Bank of Baroda (BoB) has alloted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came into effect on Monday.Bank of Baroda (BoB) has alloted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came into effect on Monday.....
Banks Technically Write Off Over Rs 68K Cr Loans, Choksi Among 50 Top Wilful Defaulters: RTI
Indian banks have technically written off a staggering amount of Rs 68,607 crore due from 50 top wilful defaulters, including absconding diamantaire Mehul Choksi, according to a reply under RTI from the Reserve Bank of India (RBI).....
GOI Is Privatising Profit & Nationalising Loss: Rahul Gandhi
Congress leader Rahul Gandhi has attacked the government over privatization of banks and extended his solidarity to the bank employees, who are laready on a two-day strike. ....
Budget 2021 Highlights: 'A Budget For Growth With Next-generation Reforms'
Historic budget with growth as the centre piece. Pump priming the economy to strengthen recovery. ....
