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| 24 September, 2020, 03:50 PM IST | E-Paper
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    Banking

    India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21

    The Reserve Bank of India (RBI) has allowed lenders to restructure their book which was not more than 30 days past due as on February 29, 2020. The credit cost that has to be provided on the restructured book is higher of 10 per cent or extant provisioning held on those assets.

    Amendments in Banking norms: Will small depositors benefit?

    Both Houses of the Parliament have cleared amendments to banking laws thus giving more teeth to the regulatory body. Will these help the small depositor who puts money in cooperative banks. Deepshikha Sikarwar of The Economic Times explains.

    Protecting your bank account: Dos and don’ts

    With the advent of super fast internet and incredibly powerful smartphones, banking is no longer restricted to banks and desktops. Here’s how to keep your money safe while mobile banking, especially in the time of rising mobile fraud.

    Ujjivan Small Finance Bank forays into small commercial vehicle finance for tier II, III cities

    Ujjivan SFB said as part of the 'Raftaar Loans' product mix, the customised offerings will be available across southern and eastern regions: Karnataka, Tamil Nadu, and West Bengal.

    Indian courts will see through all these hyper-technical stands being taken by the family: Valli Arunachalam

    Days after the holding company of over 120-year-old Murugappa Group, Ambadi Investments Ltd (AIL) rejected a proposal of accommodating Valli Arunachalam, she said that she will continue to fight the decision.

    Shift towards digital banking is permanent: SBI Chairman, Rajnish Kumar

    "Progressively, we are seeing that there has been a shift away from branches and even from ATMs. The number of transactions on ATMs have come down from 55 to 29 per 100. On the other hand, the digital transactions, which are on mobile and internet banking, have gone to 55 out of 100 transactions," Kumar said at the Global Business Summit.

    One year later, PMC Bank depositors still struggling to get their money back

    PMC Bank depositors have spent the last one year holding protests, meeting politicians, writing to various authorities in an effort to get their hard-earned money back.

    MCA, IBBI ask RBI to rethink keeping asset reconstruction companies out of resolution

    The ministry and IBBI, in separate letters to the central bank, said its refusal is likely to impact insolvencies across sectors, two people directly involved in the matter told ET. “The argument is also that any further hold up will put the future of many resolution plans under Insolvency and Bankruptcy Code in jeopardy,” said source.

    Brookfield, SBI and HDFC teaming up for a mega ARC, expected to invest up to $1 billion

    Since 2015, Brookfield has invested close to $10 billion in India across private equity, infrastructure and real estate, making it the largest source of private foreign capital in the last 5 years.

    No clamour or rush for restructuring of loan: SBI Chairman, Rajnish Kumar

    "On the banking side, what I am saying, there is not too many demand. It may be contrary to what the public discourse is. Reasons could be many. One is lot of clean-up has already happened and lot of deleveraging done. More than the banks, corporates themselves are reluctant to carry the tag of restructuring. That is the feeling I am getting," he said.

    RBI, government in right direction to keep economy moving: Axis Bank CEO

    Talking about reforms in the financial sector, Chaudhry said the functioning of public sector banks has not changed even after consolidation or reduction in government holding, and they still have to carry the government agenda.

    Punjab and Maharashtra Co-operative Bank gets a new administrator

    Punjab and Maharashtra Co-operative Bank gets a new administrator

    PMC was placed under RBI directions on September 23, 2019, after its NPAs rose sharply due to loans given to real estate company HDIL and its promoters the Wadhawan's with accounting for it in the bank's book.

    Lenders are seeing retail loan demand revival as lockdowns ease

    Lenders are seeing retail loan demand revival as lockdowns ease

    Although not back to the pre-COVID-19 levels seen in January and February 2020, inquiry volumes have started to recover from their troughs in April and May 2020, and in July and August 2020 were similar to levels seen during the same period in 2018m, a report by Transunion Cibil, said.

    State Bank of India planning to monetise its integrated digital banking platform YONO

    State Bank of India planning to monetise its integrated digital banking platform YONO

    ​The country's largest bank may soon carve out the digital platform into a separate entity, he said at a CII event. "The work has started," the chairman said.

    Government needs to cap MDR on debit card at 0.6% to promote digital transaction: Report

    Government needs to cap MDR on debit card at 0.6% to promote digital transaction: Report

    The study done by the Indian Institute of Technology Bombay further suggested that there could be an upper ceiling of Rs 150 for a prescribed merchant discount rate (MDR) of 0.6 per cent.

    PSBs get more retail credit inquiries than private banks during Jul-Aug: Report

    PSBs get more retail credit inquiries than private banks during Jul-Aug: Report

    The lenders get in touch with CICs while doing diligence on every credit proposal, which triggers in inquiries. It can be noted that many analysts have said that a large share of the incremental credit demand is coming from the more aggressive private sector lenders who also have larger capital buffers.

    BANKING STOCKS
    NSE
    BSE

    Company NameLatestChange%ChangeVolume
    HDFC Bank1030.4-16.85-1.619904754
    Kotak Mahindra Bank1246.1-29.3-2.35615970
    ICICI Bank335.7-16.15-4.5925839517
    State Bank of India176.35-7.45-4.0546114116
    Axis Bank402.45-17.3-4.1221177071
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