Fri, Apr 07, 2023
Visa International Debit Card is new edge contactless card which will work on all tap & pay device, across India and abroad, which can be availed without any joining fees, bank said.
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Mon, Sep 20, 2021
Banking, financial and auto are yet to contribute to the rally, and we believe positive news such as improving economic recovery, better financial performance and the government's PLI scheme will be driving growth for the stocks in the sector, which in turn will drive the benchmark, Ajit Mishra, VP - Research, Religare Broking Ltd
Thu, Apr 29, 2021
ICICI Bank has launched ‘Merchant Stack’ which is a set of the country’s most comprehensive digital banking services specially for retail merchants on Thursday, April 29.
Thu, Mar 04, 2021
Yes Bank Share price today: Yes Bank reported standstill and SMA2 numbers which are in line with previous expectations of 6% slippages and 5% restructuring to fully account for the legacy and covid related stress. However, in addition to this, Yes Bank reported SMA1 of 5.7% (excl restructuring including above) which is inline with the system average and similar to peer banks (3-5% range).
Wed, Jan 27, 2021
Yes Bank share and target price: Elara Capital highlights that the new stress loans stood at 17% while outstanding stress stood at 39% for Yes Bank. PAT of Rs 1.5 bn in Q3 FY21 grew 16% QoQ but declined 101% YoY. While there was strong sequential growth in operating profit and deposits, asset quality deteriorated sharply. New standard stress loans including standstill NPLs, SMA1, SMA2 and restructured loans were uncomfortably high at Rs 282 bn or 17% of total loans in Q3 FY21 versus 5% in Q2 FY21.
Fri, Jan 22, 2021
If you are an IDBI Bank account holder and have not done your KYC, it is time you take this matter seriously. IDBI Bank has made a big announcement in this regard and it may prove to be very costly for bank account holders here.
Tue, Jan 19, 2021
Ashutosh Khajuria, Executive Director and CFO, Federal Bank, talk about expectations from the Union Budget 2021-22 and recapitalisation during an interview with Swati Khandelwal, Zee Business. Edited Excerpts:
Wed, Jan 13, 2021
Mahabaleshwara MS, Managing Director & Chief Executive Officer, Karnataka Bank Ltd, talks about the Q3FY21 numbers, improvement in the asset quality, expected restructuring and recoveries among others during a candid chat with Swati Khandelwal, Zee Business.
Wed, Dec 02, 2020
The Monetary Policy Committee (MPC) of RBI began its three-day deliberation on Wednesday here amid expectations that the central bank will maintain status quo on the benchmark lending rates in view of high retail inflation.
Tue, Dec 01, 2020
Punjab National Bank (PNB) on Tuesday launched a tech-based loan management solution called 'LenS-The Lending Solution', to speed up and maintain accuracy in online loan processing and sanctioning of credit proposals.
December is here! It’s almost surreal how this year has passed amid a raging pandemic. While most festivals like Diwali, Bhai Dooj, Guru Nanak Jayanti and other regional festivals like Chhath Puja are behind us, the last month of 2020 also has some holidays where the banks will remain closed.
Thu, Nov 26, 2020
A day ahead of its merger with the Indian arm of Singapore-based DBS Bank, the debt-ridden Lakshmi Vilas Bank (LVB) on Thursday has written off bonds worth Rs 318.20 crore as per the existing provisions.
Lakshmi Vilas Bank shareholders compensation: Shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) have started knocking the doors of justice for a fair valuation of their bank, the amalgamation of which takes effect from Friday onwards.
Wed, Nov 25, 2020
Lakshmi Vilas Bank (LVB) moratorium period will come to an end on Thursday and normal banking operations would commence thereafter, RBI-appointed administrator T.N. Manoharan said. That means cap on cash withdrawals for bank account holders goes too.
Tue, Nov 24, 2020
Swadeshi Jagran Manch has written to Shaktikanta Das Governor Reserve Bank of India, saying protection of the beleaguered Lakshmi Vilas Bank could be done without compromising national interests.
The Indian banking sector`s largest union, the All India Bank Employees` Association (AIBEA), on Tuesday opposed the recommendations made by the Reserve Bank of India`s (RBI) Internal Working Group as they are "retrograde" and would endanger people`s money.
Sun, Nov 22, 2020
The Reserve Bank of India's (RBI) Twitter handle achieved 1 million followers on Sunday, turning it the first central bank in the world to achieve the feat.
Sat, Nov 21, 2020
To ensure that entities seeking private banks licence remained adequately capitalised to meet any eventuality, a Reserve Bank of India internal committee has recommended nearly doubling of the initial capital and net worth requirements to be eligible for getting a banking licence.
Wed, Nov 18, 2020
The RBI has allowed withdrawal up to Rs 25,000 till 16 December. Many customers fear a repeat of the PMC bank like situation. Lakshmi Vilas Bank employees have been reassuring the depositors that their money is safe with the bank. Zee Business’ Anurag Shah spoke with the customers who have accounts at LVB’s Borivali (Mumbai) branch
Lakshmi Vilas Bank was added to the list of recent financial sector failures. The 93-year-old lender was placed under moratorium and is to be merged with DBS Bank India, after many quarters of weakening financials. This was in contrast to what happened with Punjab and Maharashtra Co-operative (PMC) Bank where depositors’ pain still continues.
Tue, Nov 17, 2020
The shareholders of the 94-year-old Lakshmi Vilas Bank (LVB) may not be getting anything as per the Reserve Bank of India`s (RBI) draft scheme for its amalgamation with DBS Bank India.
Reserve Bank of India on Tuesday imposed restrictions on withdrawals from Maharashtra-based Mantha Urban Cooperative Bank for six months.
Finance Minister Nirmala Sitharaman should intervene in the Lakshmi Vilas Bank (LVB) issue and announce that it would be amalgamated with a public sector bank, the All India Bank Employees` Association (AIBEA) said on Tuesday.
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