For the fortnight ended January 1, 2021, bank credit stood at Rs 107.02 lakh crore and deposits at Rs 147.26 lakh crore.
This is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC.
Customer complaints against NBFCs are on the rise but banking-related complaints form 90 per cent of total; disposal rate also up, shows RBI data.
The agency said recoveries from legacy NPAs as NARCL (National Asset Reconstruction Company) becomes operational could aid the bottom lines of the banks in the coming years.
At the beginning of the period under review, 3,526 complaints were pending and 3,383 complaints were received during the month.
If there is loss of locker due to bank’s negligence, the bank will pay the holder. This, along with central repository of available lockers, works in customers’ favour.
The deposits grew by 15.21 per cent to Rs 1,86,614 crore in the period under review as against Rs 1,61,971 crore in the year-ago period.
The reported GNPA percentage as of March 31, 2022, is expected to be higher by 70-80 basis points (bps) compared to the level as of March 31, 2021.
RBI has imposed penalties on MUFG Bank for deficiencies in regulatory compliance. MUFG Bank was earlier known as The Bank of Tokyo-Mitsubishi UFJ, Ltd.
It stated that nine states and UTs, including Gujarat, J&K, Jharkhand, Meghalaya, Rajasthan, Telengana, Tripura and Uttar Pradesh, have totally exempted the loans under PMSVANidhi from stamp duty.
Robo advisors have established themselves in the banking and financial services sectors to offer personalized services to customers. It also provides better efficiency and diversification.
Banks on Mastercard’s global payment network would be able to give out reward payments on their debit and credit cards through cryptocurrencies.
The report states despite the higher frequency of customer interactions, banks are not doing enough to convert customer interest in digital products into digital sales
RBI's September 2021 bulletin said inflation outcome for August 2021 "vindicated" the Monetary Policy Committee's suggestion for treating the May price shock as transitory
The CBDSC, which is an improvement over the current Central Bank Digital Currency (CBDC) projects, will also allow governments and central banks to maintain a unique monetary policy on top of existing CBDCs.
The bank stated that you can apply for your new cheque book through either ATM, internet banking, PNB One or via a call centre.
Bank Holidays August 2021: There are two holidays that will be celebrated by a large majority of states and cities this month
The Indian banking customers are being targeted by a new type of phishing attack using ngrok platform, said CERT, the country's cyber security agency.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
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The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
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