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Loan portfolio shift saves Union Bank of India ₹500 crore

Our Bureau

Union Bank of India has made capital savings of ₹500 crore in FY2015 due to its focus on giving... »

Getting public to put money in small banks ‘could prove a challenge’

R Gandhi, Deputy Governor, RBI

Our Bureau

It could be a challenge to build public confidence in depositing money with differentiated banks... »

IDBI looking at FPO to shore up capital base

PTI

Public sector lender IDBI Bank today said it is awaiting correct valuation before coming out wit... »

Managing healthcare is just a click away

G Naga Sridhar

A mouse click will soon all you need to compare the treatment and diagnostic procedure cost... »

ICICI, UAE bank tie up for instant money transfer

Vijay Chandok

Press Trust of India

India’s largest private sector lender ICICI Bank has tied up with a leading UAE-based bank to of... »

Banking

Bharatiya Mahila Bank inks MoUs with LIC, New India Assurance

Our Bureau

Bharatiya Mahila Bank Ltd has entered into MoUs with New India Assurance Company Ltd and Life In... »

Banking

RBI may allow interoperability among bank BCs: Khan

PTI

The Reserve Bank is planning to allow business correspondents of one bank to offer payment servi... »

Banking

RBI appoints Narain in EAC

Our Bureau

The RBI has appointed Ravi Narain, Vice-Chairman, National Stock Exchange of India Limited, as a... »

RBI appoints Narain in EAC

Our Bureau

The RBI has appointed Ravi Narain, Vice-Chairman, National Stock Exchange of India Limited, as a member of the External Advisory Committee (EAC) for evaluating applications of Small Finance B... »

Bharatiya Mahila Bank inks MoUs with LIC, New India Assurance

Our Bureau

Bharatiya Mahila Bank Ltd has entered into MoUs with New India Assurance Company Ltd and Life Insurance Corporation of India to provide insurance cover to its accountholders. The insuranc... »

E-commerce sites, banks must collaborate: HR Khan

Our Bureau

There is a need for collaboration between e-commerce players and banks to address the two-factor authentication (TFA) issue, said HR Khan, Deputy Governor, RBI TFA is a measure to prevent... »

India Inc may turn to green bonds to fund sustainable projects

Gaining ground: The key difference between a green bond and a regular
bond is that the issuer publicly states it is raising capital to fund ‘green’
projects

Beena Parmar/ Tanya Thomas

In an emerging class of debt, India is set to see a flush of green bond issues in the months to come. YES Bank and Export Import Bank of India (Exim Bank) were among the first to kick-sta... »

Diluting RBI power can hit States’ debt management: staff forum

Vinson Kurian

The United Forum of Reserve Bank Officers and Employees has asked if the Centre had sounded out the States while proposing big changes to RBI functions and powers in the Finance Bill, 2015. ... »

Star Health’s revised policy

Our Bureau

Star Health and Allied Insurance Co Ltd has launched its revised “Star Comprehensive Insurance Policy” with additional features including covers for medical consultation, bariatric surgery, air-am... »

ICICI Bank, Tech Mahindra launch tap and pay service

Our Bureau

ICICI Bank, India’s largest private sector bank, has partnered with Tech Mahindra to launch contactless payment service to 'tap and pay'. Based on the Near Field Communications (NFC) tech... »

FinMin to meet PSU banks on April 28; to take stock of infra projects

One of the major reasons for rising non-performing assets for PSU banks is non-implementation of infrastructure projects for such reasons as fuel linkage, environment clearance and land acquisition issue.

PTI

The Finance Ministry has called a meeting of heads of public sector banks on April 28 to deliberate on removing the bottlenecks that hamper implementation of major infrastructure projects. »

LIC Housing posts marginal rise in Q4 net profit

Our Bureau

Higher finance costs and employee expenses moderated the net profit growth of LIC Housing Finance in the fourth quarter ended March 31, 2015. In the reporting period, the housing finance... »

Rajan cuts through the RBI fog; tells officials to be professional

RBI Governor Raghuram Rajan

G Naga Sridhar

Calls on staff to focus on customers, cut costs and be open to embracing new ideas »

New India sets ₹18,000-cr premium target this fiscal

Big rise in deposits at year-end: RBI

Gruh Finance FY15 net rises 15%

IndusInd Bank Q4 net rises 25%

Banks can now pay higher rates for deposits without premature withdrawal option

New cloud software for ATMs

We also sell life insurance!

NCR Corp launches cloud-based ATM software

RBI may allow interoperability among bank BCs: Khan

PTI

The Reserve Bank is planning to allow business correspondents of one bank to offer payment services to other lenders for better efficiency and optimisation.“We are now talking whether a bus... »

No let-up in year-end window dressing by banks

Banks want to show that they have done good business in the year
that went by.

NS Vageesh

Banks distributed a third of their loans for the last fiscal in the second fortnight of March. While for the whole of 2014-15, banks gave out about ₹7.5 lakh crore as loans, they lent ₹2.6 lakh cr... »

Differentiated banking is key to financial inclusion, says RBI’s Gandhi

R Gandhi

Our Bureau

Technology is the key driver for payment bank profitability while service excellence and unmet demand for banking services will drive growth of small finance banks, according to R Gandhi, Deputy G... »

Prepare small banks for merger with large PSBs: Finance Ministry panel

K Ram Kumar

Small public sector banks, with assets of less than ₹2-lakh crore, should be readied for merger with five large PSBs, a Finance Ministry-appointed panel has recommended. PSBs with less t... »

Axis Bank, Suvidha Infoserve tie-up to launch pre-paid card

Our Bureau

Axis bank, India's third largest private bank, launched a prepaid card to enable instant on-boarding, cash deposit and withdrawal for the customer. The card has a limit of loading up to R... »

IDBI Bank, NPCI launch platinum debit card

Our Bureau

In a bid to promote card transactions and stay competitive, public sector lender IDBI Bank has tied up with National Payments Corporation of India (NPCI) to launch Rupay Platinum Debit card with u... »

On 70th founding day of bank staff movement, unions pledge to fight privatisation

LN Revathy

Bank employees across the country are gearing up to celebrate the 70th Founding Day of the Bank Employees Movement in India on Monday. The AIBEA (All India Bank Employees... »
IDFC: BUY

There’s much to bank on

Radhika Merwin

Transforming into a bank will give the company low-cost deposits and wider sector exposure »

Bank employees gear up for 70th Founding Day of Bank Employees Movement

L N Revathy

Bank employees across the country are gearing up to celebrate the 70th Founding Day of the Bank Employees Movement in India on April 20. The AIBEA (All India Bank Employees Association),... »

World Bank should join AIIB in syndicated loans: Japan

Reuters

The United States and Japan want the World Bank and Asian Development Bank (ADB) to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender establis... »

RBL Bank tees off India’s first credit card for golf lovers

Interest subvention scheme to continue till June 30

IndusInd Bank cuts savings interest rate to 4%

Focus on digital but look at hand behind machine too: RBI to banks

Four DGMs for Karnataka Bank

‘Hope to wipe out losses this quarter’

Bonds recover, call rates slip

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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