Tag: banks

Bank Nifty: Bank Nifty may witness more downward pressure this week

All the data points indicate that it is going to be a tough market for the next week or so and possibility that the index...

Banco Santander will deny loans to coal-related companies from 2030

As part of its strategy towards sustainability, Spanish bank Santander will stop providing financial services to companies that depend on thermal coal. Grow Your Business,...

Banks parked Rs 2 trillion excess cash amid RBI signalling

MUMBAI: The Reserve Bank of India (RBI) Friday signalled its intent to haul slumping overnight rates closer to the relevant benchmark when it accepted Rs....

Wall Street fumes over last-minute rule from Trump bank watchdog

By Robert Schmidt and Jesse Hamilton Were history a guide, Brian Brooks would be spending the last days of the Trump administration enjoying the Washington...

RBI: NBFCs may have lower bad loan ratios than banks yet challenges remain

Kolkata: Non-banking finance companies (NBFCs) appear to be better placed in terms of asset quality when compared to banks with their aggregate bad loan ratio...

Financial sector set for best day in 2 months as Georgia results spark bond-yield pop

Bank stocks were breaking out on Wednesday, led by a rise in rates that was rippling throughout financial markets. But the move in benchmark government...

indian banks: 2021: The year of capital challenge

Mumbai: When Covid-19 triggered a payment lockdown, it did not discriminate among banks. Both the Bank Nifty and private banks index almost halved, and the...

Goodbye to two foreign banks in Mexico, they will close their offices

The National Banking and Securities Commission (CNBV) reported that Canada’s Bank of Montreal and Israel’s Mizrahi Tefahot Bank, Ltd. will no longer have representation in...

Banking services to get affected as unions go on one-day strike

MUMBAI: Banking services across the country are likely to get affected on Thursday as over four lakh employees of various public, private and a few...

Retired PSU bankers may get one rank, one pension plan

(This story originally appeared in on Nov 11, 2020) MUMBAI: A one-rank, one pension (OROP) kind of scheme is in the works for retired PSU...

Credit Suisse misses expectations as 3rd-quarter net profits plunge 38%, hit by a slowdown in wealth management

Thomson Reuters Credit Suisse posted a 38% drop in third-quarter net profit, well below analyst expectations, as Switzerland’s second-biggest bank saw a slowdown in...

Deutsche Bank posts a surprise bounce back to profit with 3rd-quarter earnings, driven by 47% jump in debt-trading

REUTERS/Luke MacGregor Deutsche Bank beat expectations with its third-quarter earnings with a surprise return to profit, and posted a 47% jump in trading fixed-income...

Aggressive dollar buying by RBI, nationalized banks could have a China angle

By Abhishek Goenka This week, the rupee managed to break out of the 73.30-73.50 range it had been stuck in for the last few sessions....

home loans: Will RBI’s relaxed loan-to-value rules make home loans cheaper?

By DK Agarwal RBI has rationalised the risk weights and link them to loan-to-value (LTV) ratios for all new home loans sanctioned up to March...

Top Swiss bank UBS smashes expectations with 99% rise in third-quarter net profit as trading and wealth management surge

FILE PHOTO: Logo of Swiss bank UBS is seen in Basel Reuters Swiss lender UBS posted a 99% jump in third-quarter net profit to...

RBI’s Positive Pay acts like insurance for cheques

To make cheques safer, the Reserve Bank of India (RBI) has asked banks to implement a system called Positive Pay from January 2021. The system...

Mutual funds are not banks, shouldn’t behave like one: Sebi chief Ajay Tyagi

The remark comes against the backdrop of some mutual fund houses giving moratorium to borrowers in recent months on the lines of banks. Addressing members...

MSME: Banks sanction loans of Rs 1.61 lakh cr to MSMEs under credit guarantee scheme

New Delhi: The Finance Ministry on Monday said banks have sanctioned loans of about Rs 1,61,017 crore under the Rs 3-lakh crore Emergency Credit Line...

Banks need to shed risk aversion, shore up capital says RBI

Mumbai: Indian banks have to shed their risk aversion to ensure adquate flow of credit to productive sectors and also shore up their capital position...

How to save yourself from paying penalty on non-maintenance of minimum balance

Bank of Maharashtra, Kotak Mahindra Bank and Axis Bank have revised their charges for non-maintenance of minimum balance effective 1 August. While Axis Bank and...

IT department may soon reach out to you if you did a high-value transaction in FY 2018-19 and haven’t filed tax return

The tax department said in a notification issued on Saturday that it will start an 11-day e-campaign starting from 20 July to reach out to...

New Legislation Would Grant Automatic Forgiveness of PPP Loans Under $150,000

The smallest of small businesses may be able to avoid hassling with additional documents, worksheets and payroll/tax forms. Grow Your Business, Not Your Inbox Stay...

RBI brings in norms to curb malpractices by lending apps

To curb malpractices by digital lending platforms, the Reserve Bank of India (RBI) has come up with a list of measures that lenders and their...

Confusion prevails over EMI moratorium

For the past one month, Sandeep Kumar Sahoo has been emailing his lender to offer him moratorium. The 23-year-old student from Jamshedpur had taken a...

Loan application rejected but you may still have to pay processing fee. Know why

After the covid-19 crisis, many lenders have tightened their lending norms to prevent delinquencies, which may occur as the budgets of people are stretched due...