Bank panels to monitor probe progress
Finance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘three Cs’ refer to the CBI, Comptroller and Auditor General of India and the CVC. Sitharaman also assured bankers that a distinction would be made between genuine commercial failure and deliberate wrongdoing.
Banks approve reduced fees for UPI, RuPay
After a letter from the Indian Banks’ Association (IBA) on removing entire fees on these transactio...
CAA violence: Rs 120 cr deposited in 73 bank accounts of PFI and Rehab India Foundation
CAA violence: ‘Islamist radicals’ funded the CAA viol...
Stock market update: Private bank shares advance; HDFC Bank up 1%
The Nifty Private Bank index was trading 0.84 per cent up at 17108.1 .
Share market update: PSU bank shares jump; Canara Bank gains 2%
The Nifty PSU Bank index was trading 1.07 per cent up at 2395.9 .
Merged banks’ group covers to stay: Irdai
Iradi guidelines will benefit the policyholders of PSBs which will be affected due to the government's bank-merger program. Earlier, when the government merged Vijaya Bank with Bank of Baroda, the former bank customers lost the policy benefits.
Listed bonds offer better yields compared to bank FDs. Here's how to pick the right one
Though fixed deposit rates are low, yields on listed bonds from quality companies are at a higher level.
Share market update: Bank shares gain; PNB rises over 1%
The Nifty Bank index was trading 0.74 per cent up at 30988.4 .
Buzzing stocks: Vodafone Idea, YES Bank, RIL, Bharti Airtel
Cummins India (Rs 187.18 crore) was leading the pack of most active stocks in value terms.
Budget 2020: Govt may infuse fresh capital into regional rural banks
The size of the capital infusion could be in the range of Rs 10,000-15,000 crore, which would be spread over a span of five years. Capital infusion in RRBs assumes importance as the government is finding ways to boost credit to the farm sector.
Share market update: Bank shares gain; Yes Bank rises 1%
The Nifty Bank index was trading 0.61 per cent up at 31026.75 .
Sachin Bansal resigns from Ujjivan Small Finance Bank's board
"I would like to resign as an independent director of the bank with effect from January 27, 2020. Given an entity owned and controlled by me has made an application to the RBI for a universal banking license, I felt it was -- in the interest of propriety and corporate governance -- only appropriate that I stepped down from this role," Bansal said.
Government directs banks to address pending disciplinary cases
The government has directed banks to set up panels to monitor progress of pending internal vigilance cases.
Tata Sons may bank on TCS to clear teleservices’ AGR dues
It will most likely bank on TCS for sourcing funds in case it has to pay the dues immediately, sources said.
Stock market update: Private bank shares advance; RBL Bank gains 1%
The Nifty Private Bank index was trading 0.44 per cent up at 17083.75 .
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