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RV Verma, acting Chairman
RV Verma, acting Chairman

Pension funds allowed to invest in Basel-III compliant bank bonds

KR Srivats

Pension regulator PFRDA has widened the investment space for pension funds by “explicitly” permi... »

No second account needed for Jan Dhan benefits: Govt

Mad rush: As on date, 4.18 crore accounts have been opened under the
Jan Dhan scheme. - RAMESH SHARMA

Our Bureau

The Finance Ministry on Monday said that micro-credit (overdraft) limit of ₹5,000, propos... »

Exim Bank receives Rs 650 cr capital infusion from Govt

Our Bureau

 Export and Import Bank of India received Rs 650 crore capital and is due to receive furth... »

ICICI Bank launches 4 mobile banking apps

Beena Parmar

With an aggressive approach to mobile banking, ICICI Bank, the country's largest private sector... »

RBI panel suggest need-based transfers at banks

PTI

Reserve Bank’s committee on capacity building has suggested that banks must avoid transfer for t... »

Banking

Sudhir Kumar Jain, Syndicate Bank CMD. (file photo)

Syndicate Bank CMD dismissed from service

R Yegya Narayanan

Sudhir Kumar Jain, who was suspended from the post of Syndicate Bank CMD from August 2, after CB... »

Banking

Public sector banks must raise Rs 2.2 lakh cr for implementing Basel III: Moody’s

Beena Parmar

Major public sector banks in India will need to raise Rs 1,50,000 crore to Rs 2,20,000 crore ($2... »

Banking

Banks must plan talent, leadership needs well in advance: RBI panel

Our Bureau

In a bid to focus on quality and efficiency in banks, an RBI panel on Tuesday recommended... »

Banking

ICICI Bank unveils new product for NRIs

PTI

ICICI Bank today launched a new product to serve the Indian diaspora and cater to their non— fin... »

Banking

Gujarat covers 8 lakh households under Jan Dhan Yojana

Our Bureau

After the announcement of ambitious financial inclusion programme, Pradhan Mantri Jan Dhan Yojan... »

Banking

Magma eyes 20% growth in Bihar

PTI

Leading Non-Banking Finance Company Magma Fincorp Ltd on Tuesday set a target of 20 per cent gro... »

Banks must plan talent, leadership needs well in advance: RBI panel

Our Bureau

In a bid to focus on quality and efficiency in banks, an RBI panel on Tuesday recommended that banks plan for their talent and leadership requirements at least five years ahead, and stresse... »

Gujarat covers 8 lakh households under Jan Dhan Yojana

Our Bureau

After the announcement of ambitious financial inclusion programme, Pradhan Mantri Jan Dhan Yojana (PMJY) by the Prime Minister Narendra Modi on August 15, banks in Gujarat have so far opened about... »

Syndicate Bank CMD dismissed from service

Sudhir Kumar Jain, Syndicate Bank CMD. (file photo)

R Yegya Narayanan

Sudhir Kumar Jain, who was suspended from the post of Syndicate Bank CMD from August 2, after CBI registered a case against him for bribery, has been dismissed from service with immediate effect. »

South Indian Bank appoints V G Mathew as new MD & CEO

PTI

Private lender South Indian Bank has appointed V G Mathew as its Managing Director and Chief Executive Officer for three years.“...the Reserve Bank of India has conveyed their approval for... »

Court sends Syndicate Bank CMD to CBI custody till Sept 23

PTI

Syndicate Bank’s suspended CMD S.K Jain and a co-accused in a bribery case were today remanded in CBI custody till tomorrow by a special court after the agency said they were required to be confro... »

Syndicate Bank plans 50 mid-corporate branches this fiscal

Our Bureau

Syndicate Bank will open 50 mid-corporate branches during the current financial year, according to the bank’s Executive Director TK Srivastava. Inaugurating a mid-corporate branch in Man... »

AIBOC asks banks to recover NPAs from corporate houses

Our Bureau

The All-India Bank Officers’ Confederation (AIBOC) has urged the banking industry to adopt stronger measures to recover NPAs (non-performing assets) from corporate houses. Addressing the... »

Jan Dhan scheme may not bring much ‘dhan’ to public sector banks

Huge demand: People flocking to open bank accounts under Pradhan
Mantri Jan Dhan Yojana in New Delhi. - RAMESH SHARMA

KR Srivats 

People who have moved to the Capital from villages across the country to earn their livelihood, as household help and drivers, do not have any documents to show residence proof or even an Aadh... »

Nabard to highlight co-op role in RuPay implementation

AJ Vinayak

The initiative of South Canara District Central Cooperative (SCDCC) Bank Ltd to make primary agricultural cooperative societies (PACS) as part of the payment system under the RuPay Kisan cr... »

Rajan frowns on subsidising foreign education loans

RBI Governor Raghuram Rajan

PTI

Calling for a re-think on easy credit, RBI Governor Raghuram Rajan has said banks are actually subsidising student education loans for overseas studies under the priority sector lending segment. »

Oriental Insurance’s foundation day

RBI cautions banks on misuse of Jan Dhan Yojana scheme

Rupee ends flat at 60.83

ING Vysya Bank changes senior management team

Bank unions extend a cautious welcome to Jan Dhan Yojana

'Diversion of capital, use of debt as capital lead to defaults'

UCO Bank examining possibility of declaring Kingfisher wilful defaulter

As bad loans mount, SBI will train officers, BCs as debt recovery agents

ICICI Bank unveils new product for NRIs

PTI

ICICI Bank today launched a new product to serve the Indian diaspora and cater to their non— financial needs.The top private lender said ‘NRI Advantage’ entitles customers to avail of exclu... »

Magma eyes 20% growth in Bihar

PTI

Leading Non-Banking Finance Company Magma Fincorp Ltd on Tuesday set a target of 20 per cent growth in Bihar in the 2015 fiscal. The Kolkata-based group will focus on car loans, tractor loa... »

Punjab and Sind Bank to allot 9.46 crore shares on pref basis

Our Bureau

The shareholders of Punjab and Sind Bank have approved a special resolution for allotting over 9.46 crore shares on a preferential basis to the Government of India at ₹59.14 a share. This... »

Jan Dhan Yojana: Union Bank engages Fino PayTech in Gujarat

Our Bureau

 

Union Bank of India (UBI) has engaged Fino PayTech in more than 400 villages in Gujarat to identity and enrol unbanked population under the Prime Minister’s Jan Dhan Yojana (PMJDY).»

Andhra Bank to open 450 new branches

CVR Rajendran, CMD

Our Bureau

Andhra Bank has firmed up plans to open 450 new branches across the country during this financial year, according to its Chairman and Managing Director, CVR Rajendran. He was spea... »

Public sector banks must raise Rs 2.2 lakh cr for implementing Basel III: Moody’s

Beena Parmar

Major public sector banks in India will need to raise Rs 1,50,000 crore to Rs 2,20,000 crore ($26-$37 billion) between FY2015 and the full implementation of Basel III in FY 2019, said Moody’s in a... »

Vijaya Bank may delay fund-raising plan

Our Bureau

Vijaya Bank may postpone plans to raise funds for its tier 1 and tier 2 capital requirements, “as the market condition is not really conducive at present”, said V Kannan, Chairman and Managing... »

Now, SBI’s education loans come with credit cards

Arundhati Bhattacharya, Chairperson of SBI

NS Vageesh/K Ram Kumar

State Bank of India is offering credit cards along with education loans to students to stay connected with them and to keep bad loans down.India’s largest bank is expecting the usage of... »

Health insurer Max Bupa sees 30-45% revenue growth this fiscal

K.R.Srivats

Max Bupa Health Insurance is eyeing 30-45 per cent growth in gross written premium (GWP) this fiscal as more Indians buy into the concept of private health insurance, it’s Chief Executive Officer... »

RBI warns of account duplication

Our Bureau

The Reserve Bank of India (RBI) on Friday warned of duplication of accounts using multiple identity documents. It said that banks should have an information-sharing system to stop possible... »

‘Dual leveraging’ key cause for corporate debt defaults

Forex reserves down by $1.61 bn

ING Vysya Bank makes changes in senior management

Federal Bank launches new version of e-passbook

South Indian Bank plans to raise ₹500 crore via QIP

RBI may not lower rates: StanChart

PFRDA gives Bajpai panel 6 weeks to review investment guidelines for private sector-NPS

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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