Mumbai: Reserve Bank of India (RBI) on Wednesday said banks will be allowed to infuse capital in their overseas branches as well as repatriate...
By Dr K Srinivasa Rao The recent roll-out of two sets of directions by the Reserve Bank of India, Transfer of Loan Exposures and Securitization...
Hyderabad: With the festival holiday preceding the second Saturday and Sunday, banks will be closed for three days on a trot from September 10...
With quick loans, borrowers can improve their revenue streams to service future loans, prevent NPAs and raise deposits
Bank counters and customer service points will work normally by following Covid guidelines
The Bank of India has sent messages to its eligible customers to submit their willingness to debt recast online.
The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks' financial health.
Globally, the US market on Thursday closed slightly higher after consecutive few days of correction in the market.
Bank branches to adhere to the timings of four hours i.e., from 8 am to 12 noon for rendering essential services such as cash deposit, withdrawals, remittances, clearing of cheques and government business
The insurer aims to provide seamless customer experience round the clock to its customers and therefore has been investing in upgrading the entire technology landscape
However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.
For the banks that got merged, - account number, IFSC, MICR code, branch address, cheque-book, passbooks will also undergo a change to represent the new entity.
Infusion will be made in the next few days, the sources said, adding the biggest beneficiary of this round of capital infusion would be the banks that are under the prompt corrective action
The intensive review will include -- adequacy of the customer service and customer grievances redressal-related policies
RBI Governor asked banks to exploit the current conditions to augment capital and also alter their business models, which will help in the future
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