Thursday, January 27, 2022

Banks

RBI to allow banks to infuse capital in overseas branches without its prior permission

Mumbai: Reserve Bank of India (RBI) on Wednesday said banks will be allowed to infuse capital in their overseas branches as well as repatriate...

Opinion: Rebooting credit flow in banks

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...

Banks to be closed from Sept 10 to 12

Hyderabad: With the festival holiday preceding the second Saturday and Sunday, banks will be closed for three days on a trot from September 10...

Opinion: Banks must lend for own growth

With quick loans, borrowers can improve their revenue streams to service future loans, prevent NPAs and raise deposits

Telangana lockdown: Banks will function from 10 am to 2 pm

Bank counters and customer service points will work normally by following Covid guidelines

Banks begin process of restructuring of loans up to Rs 25 cr

The Bank of India has sent messages to its eligible customers to submit their willingness to debt recast online.

Banks need to closely monitor asset quality, prepare for higher provisioning: RBI

The waiver of compound interest on all loan accounts which opted for moratorium during March-August 2020 may put stress on banks' financial health.

Value buying lifts equities; banking stocks rise

Globally, the US market on Thursday closed slightly higher after consecutive few days of correction in the market.

SLBC draws action plan for banks to operate during lockdown in Telangana

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

Hyderabad’s CtrlS collaborates with Canara HSBC OBC Life Insurance

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

Nationwide strike impacts banking services of PSU banks

However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.

Seven merged banks to see cheque book changes from April 1

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.

Finance ministry to infuse Rs 14,500 cr in banks

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

RBI to do annual assessment of banks’ grievances redressal system

The intensive review will include -- adequacy of the customer service and customer grievances redressal-related policies

Pandemic threatens to result in balance sheet impairments: RBI Guv

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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