HDFC Bank deploys Mobile ATMs across 50 cities in India

HDFC Bank deploys Mobile ATMs across 50 cities in India

In view of restrictions imposed in various parts of the country, HDFC Bank today announced the availability of Mobile Automated Teller Machines (ATMs) in 50 cities across India to assist... Read more »
RBI slams foreign banks on data rule

RBI slams foreign banks on data rule

(This story originally appeared in on Jun 01, 2021) The Reserve Bank of India (RBI) has pulled up several multinational banks operating in the country for not providing a board-approved... Read more »
RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank

RBI cancels licence of Pune-based Shivajirao Bhosale Sahakari Bank

The RBI on Monday said it has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capital and earning prospects. As per data... Read more »
RBI extends banking license of Rupee Co-operative Bank till August 31

RBI extends banking license of Rupee Co-operative Bank till August 31

The Reserve Bank of India has extended the banking license of the Rupee Co-operative Bank till August 31. Till March-2021, the Bank has made total recovery of Rs.263.93 crores and... Read more »
Reported loss due to shift to new tax regime: Sanjiv Chadha, Bank of Baroda

Reported loss due to shift to new tax regime: Sanjiv Chadha, Bank of Baroda

If we had not opted for the new tax regime, our net profit would have been Rs 2,200 crores which is the highest in the history of the bank. In... Read more »
BNP Paribas appoints Aymar de Liedekerke Beaufort as head of India operations

BNP Paribas appoints Aymar de Liedekerke Beaufort as head of India operations

French bank BNP Paribas has elevated Aymar de Liedekerke Beaufort as head of territory, India which includes the bank’s back office operations and retail brokerage arm Sharekhan. This is in... Read more »
Covid treatment: Banks offer unsecured loans of up to Rs 5 lakh

Covid treatment: Banks offer unsecured loans of up to Rs 5 lakh

(This story originally appeared in on May 31, 2021) Banks will offer off-the-shelf unsecured loans of up to Rs 5 lakh to individuals for Covid treatment, and business loans up... Read more »
PSBs to implement a uniform process for recast of loans

PSBs to implement a uniform process for recast of loans

Mumbai: Unlike last year, public sector banks will follow a standard operating procedure this time while identifying and sanctioning loans to be restructured for micro, small and medium enterprises and... Read more »
Deutsche Bank here to stay in India, and grow

Deutsche Bank here to stay in India, and grow

Deutsche Bank has had a bumpy ride ever since the Global Financial Crisis. In the past few years, it has shed businesses, restructured and changed focus. Alexander von zur Muehlen,... Read more »
Why credit growth hit a 59-yr low in FY21? AAA-rated papers were 46 bps cheaper than bank rates

Why credit growth hit a 59-yr low in FY21? AAA-rated papers were 46 bps cheaper than bank rates

One of the reasons for bank credit growth to plunge to a 59-year low in FY21 could be that the higher (AAA & AA+)-rated companies could borrow cheaper from the... Read more »

Banks have room to lend Rs 45,000 cr more under ECLGC scheme: IBA CEO

As the government enhanced the scope of the Rs 3 lakh crore Emergency Credit Line Guarantee Scheme (ECLGS), banks on Sunday said they have sanctioned Rs 2.54 lakh crore and... Read more »
Punjab National Bank to divest stake in Canara HSBC OBC Life Insurance

Punjab National Bank to divest stake in Canara HSBC OBC Life Insurance

Punjab National Bank (PNB) will divest its stake in Canara HSBC OBC Life Insurance Co, the lender said on Saturday. The city-headquartered state-owned bank had acquired a stake in the... Read more »
Banks begin process of restructuring of loans up to Rs 25 crore

Banks begin process of restructuring of loans up to Rs 25 crore

To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the... Read more »
HDFC Bank to set up Covid infrastructure facilities including oxygen plants

HDFC Bank to set up Covid infrastructure facilities including oxygen plants

Private lender HDFC Bank announced a slew of measures to set up and enhance medical infrastructure across the country to assist the fight against the COVID-19 pandemic. The measures comprise... Read more »
Banks to remain closed only on second, fourth Saturdays in West Bengal

Banks to remain closed only on second, fourth Saturdays in West Bengal

(This story originally appeared in on May 29, 2021) Bank branches will now be closed only on second and fourth Saturdays as per the circulars issued by the State Level... Read more »
SBI, HDFC Bank don’t want sensitive data made public

SBI, HDFC Bank don’t want sensitive data made public

(This story originally appeared in on May 29, 2021) The two largest banks in the country — State Bank of India and HDFC Bank — moved the Supreme Court on... Read more »
Bank credit growth decelerates to 5.6 per cent in March

Bank credit growth decelerates to 5.6 per cent in March

Bank credit growth decelerated to 5.6 per cent in March 2021 from 6.4 per cent a year ago, the Reserve Bank said on Friday. On the other hand, aggregate deposits... Read more »
RBI imposes Rs 10 crore penalty on HDFC Bank for irregularities in auto loan book

RBI imposes Rs 10 crore penalty on HDFC Bank for irregularities in auto loan book

The Reserve Bank of India on Friday fined HDFC Bank Rs 10 crore for irregularities found in its auto loan book. The regulator found the bank deficient in compliance. The... Read more »
Reserve Bank of India imposes Rs 10 crore penalty on HDFC Bank

Reserve Bank of India imposes Rs 10 crore penalty on HDFC Bank

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 10 crore on HDFC Bank Limited for violation of certain rules. “The Reserve Bank of India (RBI)... Read more »
HDFC Bank commits Rs 100 cr towards COVID relief in FY22

HDFC Bank commits Rs 100 cr towards COVID relief in FY22

The country’s largest private sector lender HDFC Bank on Friday committed Rs 100 crore for setting up medical infrastructure for COVID-19 relief in 2021-22. The Mumbai-headquartered bank is planning to... Read more »
Canara Bank announces three loan schemes amid fight against COVID-19

Canara Bank announces three loan schemes amid fight against COVID-19

State-run Canara Bank on Friday announced three loan schemes as part of the fight against the pandemic under which it will offer healthcare credit, business and personal loan to individuals.... Read more »
More Indians are now tapping mobiles to pay than cards

More Indians are now tapping mobiles to pay than cards

Mumbai: Indians, facing restrictions due to the Covid-19 pandemic over the course of the last fiscal, used more of mobile-based digital payments such as Unified Payments Interface (UPI) and Bharat... Read more »
RBI to explore diversifying assets to boost returns on foreign exchange reserves

RBI to explore diversifying assets to boost returns on foreign exchange reserves

Foreign currency and bond trading boosted the Reserve Bank of India’s earnings for FY’21 though overall returns on its investments remain depressed. But the central bank said it would explore... Read more »
Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

The Reserve Bank of India (RBI) on Thursday asked banks to closely monitor their bad loans and prepare themselves for higher provisioning in the wake of second Covid wave and... Read more »
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