With Citi India exiting India’s retail segment, another foreign lender, HSBC, is firming up plans to grab a bigger share of the pie. While the […]
Tag: banks
IL&FS to distribute Rs 3,200 crore to IFIN creditors
IL&FS Group has initiated its largest Interim Distribution pay-out till date – in IL&FS Financial Services Limited (IFIN), an IL&FS Group company. As part of […]
Banks to face margin pressure next fiscal, net interest margin may fall by 10 basis points to 3.45%: Fitch
Banks will face margin pressure next fiscal as they increase the deposit rates to attract funds to support sustained high loan growth, and the same […]
Banks want funds in dormant accounts taken as CRR
Banks have reached out to the Reserve Bank of India (RBI) with a suggestion to count funds in unclaimed deposits and inoperative or dormant accounts […]
47.8 cr Jan Dhan accounts opened, says FM Sitharaman
As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 as a national mission for […]
Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
A ‘Mahila Samman Saving Certificate’ with a fixed interest rate of 7.5 per cent for two years was announced on Wednesday by Finance Minister Nirmala […]
Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh
Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh and Monthly Income Account […]
Govt proposes changes in Banking Regulation Act, other laws to enhance investors’ protection
To improve bank governance and enhance investors’ protection, Finance Minister Nirmala Sitharaman on Wednesday proposed certain amendments to the Banking Regulation Act, the Banking Companies […]
No bad news is good news; pvt capex will take one more year to revive: Bankers
Bankers welcomed Finance Minister Nirmala Sitharaman’s budget proposals as being growth accretive, and hailed the focus on capital expenditure while continuing with fiscal consolidation. On […]
Punjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD
Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery in the fourth quarter, as […]