"banks"

Mumbai: Reserve Bank of India (RBI) on Wednesday said banks will be allowed to infuse capital in their overseas branches as well as repatriate profits without seeking its prior approval, subject to fulfilling of certain regulatory capital requirements. At present, banks incorporated in India can infuse capital in their overseas branches and subsidiaries, retain profits […]

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 of Standard Assets, are set to galvanise the credit flow in the financial sector, more so in the banking system. The new avenues permitting secondary sale of bank loans can […]

Hyderabad: With the festival holiday preceding the second Saturday and Sunday, banks will be closed for three days on a trot from September 10 to 12. It will be prudent to plan your banking transactions keeping this in view. “There is no major deviance in the number of working days for the banks in Hyderabad. […]

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

It, however, said net NPAs and credit provisions will subsequently trend lower in 2021-22 as banks have reported strong collections on their loan portfolio with most of them reporting collections of over 90 per cent.

Founded in 2001, Expertus offers payment-as-a-service cloud solutions to banks, credit unions and enterprise players. Over $50 billion is processed through the Expertus platform daily.

It can be noted that the festivities, coupled with pent-up demand during the lockdown, had resulted in improvement in many economic indicators in October

Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as operating conditions remain challenging

RBI issued guidelines to return the interest back to the customers