Posted in Banking

SBI, Canara Bank brainstorm on performance, way ahead

The Local Head Office of State Bank of India (SBI), Kerala, and the Regional Office of Canara Bank, Convenor of the State-Level Banking Committee (SLBC),…

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Aadhaar-enabled Payment System: How to avail banking services on NPCI platforms; all you need to know

Aadhaar-enabled Payment System (AePS) has crossed the milestone of over 200 million transactions during July this year. A total of 6.65 crore Indian citizens availed banking…

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More forced lending to NBFCs can land banks in trouble, says Fitch report

NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption, it noted. The recent steps by the Reserve Bank…

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How India’s Shadow Banking Crisis Sent Auto Sector Into Tailspin

MUMBAI:  HIGHLIGHTS Preliminary data shows car sales may have plunged as much as 30% in July NBFCs have slashed lending following the collapse of IL&FS…

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Aditya Birla Payments Bank to wind up

Less than two years after it was started, Aditya Birla Payments Bank is set to shut down shop. In a regulatory filing, the Vodafone-Idea combine…

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‘I’m an outsider’: Why Raghuram Rajan didn’t apply for top job at Bank of England

Former Reserve Bank of India governor Raghuram Rajan has indicated the political challenges posed by Brexit were the reasons he didn’t apply to head up the Bank of…

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50 years of bank nationalisation: Good so far, but these problems remain

The financial expertise which began the midnight of July 19, 1969 was followed up with nationalisation of six more banks in 1980. On this day,…

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Allahabad Bank reports $259 million alleged fraud by Bhushan Power & Steel

Allahabad Bank on Saturday became the second Indian state-owned bank to report a major alleged fraud by bankrupt steelmaker Bhushan Power & Steel Ltd this…

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SBI waives charges for internet, mobile banking customers

With an aim to boost digital transactions, State Bank of India on Friday said that it has waived Real Time Gross Settlement (RTGS) and National…

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China’s banks face cash crunch fears after authorities seize lender

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