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SBI revises select retail term deposit rates

R Yegya Narayanan

The country's largest bank State Bank of India has rejigged the interest rates for select retail... »

Muthoot Fincorp floats 2nd NCD issue

Vinson Kurian

Muthoot Fincorp has announced a second public issue of secured and redeemable non-convertible de... »

IndusInd Bank cuts interest rate on savings accounts to 4.5%

Beena Parmar

IndusInd Bank reduced its interest rates on savings accounts to 4.5 per cent from earlier 5.5 pe... »

Expect rate cut only by January-February: Canara Bank chief

Beena Parmar

Public sector lender Canara Bank’s chief R K Dubey ruled out a reduction in policy interest rate... »
comment

SBI could be the first-mover in lowering deposit rates

While banks may have enough leeway now to tweak deposit rates, most may wait until the RBI’s policy announcement due by the month-end to tweak rates.

Radhika Merwin,BL Research Bureau

Deposit rates that have been ruling high for the last year or so may finally start heading down. »

Banking

Bank of Maharashtra plans to raise Rs 1,000 cr this year

PTI

State-run Bank of Maharashtra today said that it plans to raise around Rs 500-1,000 crore by iss... »

Banking

RBI: Final norms for on-tap bank licences this fiscal

PTI

Final guidelines for on-tap universal banking licences will be issued in the current fiscal, Res... »

Banking

Allahabad Bank gets second prize in Indira Gandhi Rajbhasha Shield Scheme

Our Bureau

Kolkata-based Allahabad Bank was awarded the second prize in “region ‘C’” banks for the year 201... »

Bank of Maharashtra plans to raise Rs 1,000 cr this year

PTI

State-run Bank of Maharashtra today said that it plans to raise around Rs 500-1,000 crore by issuing Basel III-compliant Tier-I bonds this year.“We will look at raising Basel III-compliant... »

Allahabad Bank gets second prize in Indira Gandhi Rajbhasha Shield Scheme

Our Bureau

Kolkata-based Allahabad Bank was awarded the second prize in “region ‘C’” banks for the year 2012-13 under the Indira Gandhi Rajbhasha Shield Scheme of Department of Official Language, Ministry of... »

J&K Bank ties up with NCML

Our Bureau

Jammu and Kashmir (J&K) Bank has entered into a partnership with National Collateral Management Services to finance industries, traders and farmers at every stage of the supply chain,... »
FICCI-IBA Banking Conclave

‘No desire to keep interest rates higher than they should be’

Our Bureau

In a clear indication that he is in no hurry to cut interest rates, Reserve Bank of India Governor Raghuram Rajan on Monday said inflation is high and the best solution for the country is to br... »

Canara Bank bags award

Our Bureau

Rajeev Kishore Dubey, CMD of Canara Bank, received the 1st Prize under the Indira Gandhi Rajbhasha Puraskar Yojana from the President of India, Pranab Mukherji, at the Rashtrapathi Bhavan... »

No free lunch; banks free to charge ATM users: RBI

Our Bureau

The RBI Governor Raghuram Rajan on Monday said there was “no free lunch” alluding to the usage of ATM services of other banks for free as it is a cost to home banks. &nb... »

Axis Bank provides e-surveillance at ATMs

E-Surveillance has a reminder facility too that helps the bank in avoiding misuse of ATMs / branch premises by even the vendors.

Beena Parmar

Axis Bank, India’s third largest private sector bank, today announced the launch of e-surveillance facility, a service that allows a 24x7, 365 days centrally monitored automated security of ATMs. »

PNB inks retail finance pact with Honda Motorcycle & Scooter India

K. R. Srivats

Two giants in their respective sectors have come together to woo two-wheeler buyers across the country. Punjab National Bank (PNB) has tied up with Honda Motorcycle & S... »

South African insurer AllLife may enter India

Amrita Nair-Ghaswalla

AllLife, a company that provides life insurance cover to people living with HIV and diabetes in South Africa, could soon be making a foray in the Indian market. In India, it plans to tar... »

Peerless General floats subsidiary

Our Bureau

Peerless General Finance & Investment Co (PGFI) Ltd has floated a subsidiary, Peerless Financial Services Ltd, as a non-banking financial company for starting lending activity. PGFI, w... »

SBI revamps tractor loan product

Kingfisher loan default only a trickle: Vinod Rai

HDFC Bank to send debit card PINs via SMS

Mock interview programme for banking job aspirants

Jan Dhan benefits for existing bank account holders too

FIIs need RBI nod to buy further shares in Yes Bank

Banking Ombudsman: Customer complaints on the rise, but 23% of them not maintainable

Kashmir floods: J&K Bank says all records, documents are safe

RBI: Final norms for on-tap bank licences this fiscal

PTI

Final guidelines for on-tap universal banking licences will be issued in the current fiscal, Reserve Bank Deputy Governor R Gandhi said here today. “We are working towards issuing guideli... »

Savings account scheme for minors

Our Bureau

Federal Bank has introduced a savings bank account for persons below age 18. The account, named ‘young champ’, is available for resident and NRI customers in the 10 to 18 age group. The ch... »
FICCI-IBA Banking Conclave

Public sector banks should not be seen ‘as an extension of the Govt’

Our Bureau

Making a strong pitch for independence of public sector banks (PSBs) to make commercial decisions, RBI Governor Raghuram Rajan on Monday said they should be seen as independent entities and not... »

FICCI-IBA Banking Conclave

Farm loans: Interest subvention, waiver schemes distort price of credit

Our Bureau

Reserve Bank of India Governor Raghuram Rajan on Monday warned that interest subventions and loan waiver schemes can distort the price of credit and are not healthy for the financial system.»

DBT scheme: Commission for banks

Our Bureau

To lessen the implementation cost of direct benefit transfer (DBT), the Government is considering paying two per cent commission to banks on the total amount transferred under the scheme,... »

LIC eases claims settlement rules for J&K flood victims

PTI

LIC has relaxed claim settlement procedure for those affected in floods in Jammu and Kashmir and a special help desk has been set up for expeditious claim processing. LIC has extended conce... »
FICCI-IBA Banking Conclave

PSBs against increase in ATM interchange fee

Banks that have fewer ATMs will have to incur cost. So, naturally there is general reluctance from public sector banks to increase the interchange fee, says a banker.

Beena Parmar

With most public sector banks unwilling to increase the interchange or the interbank ATM usage fee, the charges are likely to stay at Rs 15 per transaction. In effect, banks may not pass on charge... »

FIIs need RBI nod to buy YES Bank shares

Our Bureau

YES Bank’s equity share purchase by foreign investors will be allowed only after obtaining the RBI approval as it had reached the trigger limit, the central bank notified on Friday.“The... »

LIC Housing to cut funding cost

Our Bureau

LIC Housing Finance Ltd is keen on reducing its funding cost by going in for NCDs (non-convertible debentures) rather than bank borrowings. “Last year, we brought down our bank borrowings... »

Banking on Onam sadya to connect with customers

Vinay Kamath

It was a Federal Bank customer meet in Chennai. Only, there were no grievances to pour out, no talk on interest rates and overdrafts. High networth and corporate clients of the bank didn’t sit acr... »

J&K floods: IRDA asks life insurers to settle claims fast

RBI may issue final norms on small, payments banks in 2-3 months

‘RBI must build forex reserve of $400 bn’

Lakshmi Vilas Bank looks at image makeover

Hyderabad: Central Bank of India’s property show

Jan Dhan Yojana: Financial literacy spends of banks to qualify as CSR

Now, you can shop without giving credit or debit card details!

Audio
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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