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Will PNB benefit the most?

Will PNB benefit the most?

Fri, Dec 06, 2024

What will be the impact of half percent reduction in CRR on banks? Will PNB benefit the most? Know the full news?

Banks should adopt 'bottom-up' approach for preparing credit plan: RBI's Swaminathan

Banks should adopt 'bottom-up' approach for preparing credit plan: RBI's Swaminathan

Tue, Dec 03, 2024

Banks should adopt a "bottom-up" approach for preparing credit plans to fulfil fund requirements for different segments in districts, RBI Deputy Governor Swaminathan J has said.

Morgan Stanley report on banks, cut in interest rates, who benefits?

Morgan Stanley report on banks, cut in interest rates, who benefits?

Mon, Sep 09, 2024

Morgan Stanley report on banks. Cut in interest rates, who benefits? Morgan Stanley's Preferred Bank Shares. Know complete details in this video.

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Vijay Mallya's Twitter account hacked

Vijay Mallya's Twitter account hacked

Fri, Dec 09, 2016

A group called ‘Legion’ tweeted from Vijay Mallya’s account on Friday, giving details of his whereabouts in London along with his phone number and assets held with several banks.

Sovereign Gold Bond's Series III to commence trading on Friday

Sovereign Gold Bond's Series III to commence trading on Friday

Thu, Dec 08, 2016

The Reserve Bank of India (RBI) on Thursday said that Sovereign Gold Bonds (SGBs) scheme Series III held in dematerialised form shall be eligible for trading on stock exchanges from December 09, 2016.

RBI says demonetisation would interrupt industrial activity till December

RBI says demonetisation would interrupt industrial activity till December

Wed, Dec 07, 2016

The RBI in its bi-montly policy review said that industrial production will remain disrupted till December due to the impact of demonetisation.

Banking stocks fall as RBI's 'MPC says 'no rate cut'

Banking stocks fall as RBI's 'MPC says 'no rate cut'

Wed, Dec 07, 2016

RBI said, “On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy rates unchanged.”

How time has changed for RBI in deciding rate cut

How time has changed for RBI in deciding rate cut

Wed, Dec 07, 2016

Care said, "Based on the movements of these economic parameters, we expect a 25 bps rate cut in tomorrow’s RBI policy view and another 25 bps cut for the rest of the fiscal."

Banking stocks rise on hopes of RBI Monetary Policy rate cut

Banking stocks rise on hopes of RBI Monetary Policy rate cut

Wed, Dec 07, 2016

Keki Mistry Vice Chairman and CEO of HDFC said, "One more rate cut is possible, we cannot say that it will happen with the same degree of certainty but there is still a possibility of 0.25% rate cut as inflation is under control. I do not see any reason that inflation may go up further, it is likely to be under check, hence will give RBI the ability or freedom to cut rates."

28 Days of Demonetisation: No let-up in rush at banks, ATMs

28 Days of Demonetisation: No let-up in rush at banks, ATMs

Wed, Dec 07, 2016

People queuing up outside the banks and ATM kiosks continued to be a common sight in most parts of the national capital on Tuesday -- 28th day since the high-denomination notes were demonetised.

Bankers seeks criminal action against Vijay Mallya, other 'defaulters'

Bankers seeks criminal action against Vijay Mallya, other 'defaulters'

Mon, Dec 05, 2016

The All India Bank Employees Association (AIBEA) has demanded that criminal action be initiated against around 8,000 loan defaulters including beleaguered businessman Vijay Mallya.

Modi's demonetisation drive may stunted bank credit growth further

Modi's demonetisation drive may stunted bank credit growth further

Fri, Dec 02, 2016

Care Ratings said, “The latest GDP reveals that capital formation continues to decline to a new low of 27.1% as of September, which indicates that there would be less demand for funding until such time that demand for other goods pick up significantly.”

Serpentine queues, chaos outside banks on salary day

Serpentine queues, chaos outside banks on salary day

Wed, Nov 30, 2016

Many showed resentment over the same issue and complained their demands were not met by the bankers, who feel that if they go by the RBI upper limit, they will be able to please only some of their customers -- while the queues outside keep getting longer.

Demonetisation: Bank withdrawals stand at 20% of total deposits

Demonetisation: Bank withdrawals stand at 20% of total deposits

Tue, Nov 29, 2016

On the evening of November 8, Prime Minister Narendra Modi in a televised address said that nearly 86% of Rs 16 lakh crore that oiled the Indian economy by way of Rs 500 and Rs 1000 notes were illegal tender from midnight.

Will banks delay lending rates cut post RBI's CRR move?

Will banks delay lending rates cut post RBI's CRR move?

Mon, Nov 28, 2016

Because of this move, the total CRR requirement of the banks would be around Rs 8 lakh crore.

Here are 9 things Urjit Patel said on demonetisation

Here are 9 things Urjit Patel said on demonetisation

Mon, Nov 28, 2016

From assuring constant supervision to reassuring honest taxpayers, and justifying demontization and why it was so chaotic, the RBI Governor finally opened up on demonetisation.

Only 16 of every 250 fake notes detected in India

Only 16 of every 250 fake notes detected in India

Thu, Nov 24, 2016

Is India doing enough to detect fake notes, cited by the Prime Minister Narendra Modi as a significant reason for withdrawing 86 % of India`s currency, a process popularly known as `demonetisation`?

Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated

Shaktikanta Das says more initiatives to ease cash crunch, 82,000 ATMs recalibrated

Wed, Nov 23, 2016

Department of Economic Affairs Secretary, Shaktikanta Das, on Wednesday spoke of the new initiatives taken by Reserve Bank of India (RBI) and the government to help smooth the ongoing battle of a cashless society on account of demonetisation.

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch

Mon, Nov 21, 2016

The government has acknowledged that the disruption would last weeks because of delays in note printing and technical problems with ATM machines, but Modi has made a plea for patience until Dec. 30. The government said it could not have printed new notes or recalibrated cash machines in advance for fear of the move leaking out.

Demonetisation: Decision-a-day betrays lack of preparedness

Demonetisation: Decision-a-day betrays lack of preparedness

Sat, Nov 19, 2016

Announcing the move on November 8, Prime Minister Narendra Modi said it was a "secret operation" and declared that it was a matter of inconvenience for just a "few days" -- unmindful, perhaps, that India is a country where 78% of transactions happen in cash.

Banks to serve only their customers for exchange of notes tomorrow

Banks to serve only their customers for exchange of notes tomorrow

Fri, Nov 18, 2016

However, senior citizens are exempted and they can go to any bank branch to exchange notes tomorrow.

Banks still grapple with huge rush, most ATMs run dry

Banks still grapple with huge rush, most ATMs run dry

Thu, Nov 17, 2016

Queues at some branches in the metros cities were seen slightly shorter for exchange of old currencies as the process of putting indelible ink has started from yesterday. As a result of this, those who have already exchanged old currency notes are unable to interchange again on the same day due to the ink mark.

Singapore tests blockchain digital currency system for banks

Singapore tests blockchain digital currency system for banks

Wed, Nov 16, 2016

Singapore will launch a new electronic payment system using blockchain, the technology behind the cryptocurrency Bitcoin, the city-state`s central bank chief said Wednesday.

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