Uday Kotak
Uday Kotak

Kotak-ING Vysya merger: good fit, good deal

Radhika Merwin, BL Research Bureau

ING Vysya Bank makes a good fit for Kotak Mahindra Bank in many ways. The merger will hel... »

IRDA seeks previous 4 years’ data from life insurers

Our Bureau

The Insurance Regulatory and Development Authority (IRDA) has asked life insurance compa... »

No insurance cover for Govt staff, tax payers

Fine print Only one person per family to get life insurance benefit

Shishir Sinha

If you are a serving or retired Government employee you and your family will not be eligi... »

No big job cuts after Kotak Mahindra-ING Vysya merger: Uday Kotak


Kotak Mahindra Bank chief Uday Kotak has assured that there will not be “any dramatic” reduction... »

Standard Chartered opens 100th branch in UP

Our Bureau

The largest foreign bank in the country, Standard Chartered Bank, increased its total branches i... »

Supreme Court ruling on e-records is a timely reminder for banks

Vinson Kurian

Banks will ignore at their own peril a Supreme Court ruling that electronic records without proper safeguards are non-admissible as evidence. Computer outputs (printed on paper, stored,... »

Kotak-ING merger opens the door for more consolidation

Beena Parmar

The marriage between Kotak Mahindra Bank and ING Vysya Bank has opened up the potential for more consolidation, especially of smaller banks in the private segment, which at present constitu... »

China cuts rates to spur growth


China cut interest rates unexpectedly on Friday, stepping up a campaign to prop up growth, which is headed towards its slowest pace in nearly a quarter century. The cut — the first such... »

RBI warns public about fraudsters issuing credit cards in its name

Our Bureau

Reserve Bank of India on Friday alerted the public about fraudsters perpetrating fraud by issuing credit cards in its name.Explaining the modus operandi, the Reserve Bank stated that... »

StanChart opens 100th branch in India

Satyanarayan Iyer

The largest foreign bank in the country, Standard Chartered Bank, has opened its 100th branch in the country. The milestone branch was opened by the bank in Bareilly District of Uttar Pr... »

Association of third-party administrators intervenes in Bombay High Court PIL

Deepa Nair

The Association of TPAs has intervened in the Bombay High Court public interest litigation (PIL) filed by activist Gaurang Damani seeking clarity on the role of third-party administrators (... »

Private banks lag PSU lenders in account opening

KR Srivats

Private sector banks are clearly unable to keep up with public sector banks when it comes to the race to open bank accounts for the Pradhan Mantri Jan Dhan Yojana (PMJDY). Public sec... »

SBI officers’ mega housing project

LN Revathy

State Bank of India Officers’ Association, Chennai Circle, has embarked on a mega housing project at Mambakkam village, located at a distance of 8 km from Vandalur zoo in Chennai. »

RBI allows FIIs to buy equity in Yes Bank


The Reserve Bank today said FIIs can buy equity shares in private lender Yes Bank as shareholding by foreign investors has gone below the prescribed limit. The RBI has removed Yes Bank from... »

RBI reduces repatriation time of export proceeds to 9 months


The Reserve Bank of India said on Thursday the time by which exporters can repatriate the full value of goods and services has been reduced to nine months from 12 from the date of export. ... »

Kotak Bank, ING Vysya Bank shares zoom on reported merger talks

Gross loan portfolio of MFIs up 47% in Q2

Canara Bank opens 109 branches

Now, take a loan and land a bank job

Exim Bank to set up ₹1,500-cr fund to assist ship-building industry

Axis Bank to increase unsecured retail portfolio

To avoid rush, RBI asks firms to remit taxes early

Axis Bank launches smart self-service terminal

SBI revises service charges to shore up income

New service charges include fee for safekeeping of gold ornaments.

Vinson Kurian

State Bank of India has revised a few charges for services and introduced a few others with a view to ‘shoring up its depleted miscellaneous income.’ The revised charges and the new levie... »

Power producers seek RBI help, want lending norms relaxed

Richa Mishra/Shishir Sinha

Domestic power producers approached the RBI Governor on Friday, seeking quick resolution of fiscal issues impacting the sector due to the existing banking norms.The industry wants th... »

48 new power projects approach banks for ₹1.5-lakh cr funding

Shishir Sinha

The power sector leads the race in seeking bank loans for new projects with investment proposals of over ₹1.50 lakh crore. This despite the sector facing problems of stranded assets and fuel s... »

Corp Bank Jan Dhan camp

Our Bureau

Corporation Bank will conduct Pradhan Mantri Jan Dhan Yojana (PMJDY) mega camp at Vamanjoor in Mangalore on November 22. A press release by the bank said here on Friday that Snehlata Shrivastava,... »

Western Union offers IMPS transfers

Our Bureau

Global payment service provider Western Union advanced its international direct-to-bank transfers to select banks in India, allowing customers to transfer money through Immediate Payment S... »

‘Inform customers in advance about fall in minimum balance’

Our Bureau

The Reserve Bank of India on Thursday asked banks to inform their customers about fall in minimum balance at least a month in advance and said that penal charges should be levied only to the ex... »

Rising NPAs legacy issue, things will change: FinMin

Finance Minister Arun Jaitley at a
meeting with PSB and FI heads.

Our Bureau

Terming higher bad debts as a ‘legacy’, the Finance Ministry on Thursday declared that “things will change now.” The Ministry told public sector banks to appraise loan proposals without “fe... »

It’s a momentous deal for us: Uday Kotak

Uday Kotak

Beena Parmar

What does the deal mean to you and the banking sector?I am very excited. This is a momentous deal for us. It is transformational for the future of... »

Kotak Bank acquires ING Vysya for ₹15,000 crore

Our Bureau

The private sector banking space witnessed its first consolidation move in four years on Thursday with ING Vysya Bank and Kotak Mahindra Bank (KMB) announcing that they were mergin... »

Liberty Videocon launches IR thermography technique

Deepa Nair

Liberty Videocon General Insurance Company Ltd today announced the launch of Infrared thermography risk assessment for its commercial insurance business clients dealing in electrical equipment, pr... »

Appraise loan proposals without any fear or favour: Finmin to banks

Rising NPAs to top agenda of FinMin’s meet with bank chiefs

SBP opens branch in Bandra

Rectify flaws in hiring of bank clerks: union to Govt

Jaitley to meet PSB chiefs on Thursday

Bharatiya Mahila Bank launches net banking

Jan Dhan scheme: FinMin asks LIC to speed up execution of life cover

Rajalakshmi Nirmal and Radhika Merwin of the BL Research Bureau discuss the role of asset reconstruction companies (ARCs) in the banking sector and how they deal with bad loans.


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