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Banking

Bank Credit Grows 9.16%, Deposits Up 10.28% For Fortnight Ended December 31

Jan 14, 2022 Press Trust of India

For the fortnight ended January 1, 2021, bank credit stood at Rs 107.02 lakh crore and deposits at Rs 147.26 lakh crore.

REC Limited Raises $1,175 Million From Consortium Of Seven Banks

Jan 14, 2022 Press Trust of India

This is the single largest syndicated loan raised in the International Bank Loan market by any Indian NBFC.


Ombudsmen See More Complaints Against NBFCs

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.

Budget Unlikely To Allocate Bank Recapitalisation Fund: ICRA

Jan 13, 2022 Press Trust of India

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.


SEBI's SCORES Platform Receives 3,383 complaints In December

At the beginning of the period under review, 3,526 complaints were pending and 3,383 complaints were received during the month.

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05 January, 2022

Bank Lockers Get Safer, Thanks To RBI

Meghna Maiti

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.


04 January, 2022

Bank of Maharashtra's Gross Advances Rise To Rs 1.29 Lakh Crore In December

Press Trust of India

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.


03 January, 2022

Small Finance Banks' AUM Expected To Grow At 20% in 2022: Report

Press Trust of India

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.


25 December, 2021

RBI Imposes Rs 30 Lakh Penalty On MUFG Bank

PTI

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.


14 December, 2021

Lenders In Only 4 States, UTs Disbursed PM SVANidhi Loans Within Stipulated 30 Days: Par Panel

Outlook Web Desk

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.


24 November, 2021

Can Robo Advisors Help You Make The Right Financial Choices?

Sai Padegela

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.


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02 November, 2021

Mastercard To Let Banks Integrate Cryptocurrencies In Credit, Debit Cards

Meghna Maiti

Banks on Mastercard’s global payment network would be able to give out reward payments on their debit and credit cards through cryptocurrencies.


25 September, 2021

Banks In Emerging Markets Failing To Convert Increased Adoption Of Digital Banking Into Digital Sales, McKinsey Survey Finds

Kamalika Ghosh

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


17 September, 2021

Inflation On Cooling Trajectory: RBI Bulletin

Outlook Business Team

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


16 September, 2021

Atom Launches CBDSC For Flexibility In Execution Of Eco Policies

Outlook Web Desk

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.


09 September, 2021

Bank Alert: Cheque Books Of These Banks Won’t Be Valid After Oct 1; Check Details

Outlook Web Bureau

The bank stated that you can apply for your new cheque book through either ATM, internet banking, PNB One or via a call centre.


20 August, 2021

Banks To Remain Closed For 4 Days From Today In These Cities; Check Full List

Outlook Web Bureau

Bank Holidays August 2021: There are two holidays that will be celebrated by a large majority of states and cities this month


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12 August, 2021

A New Phishing Attack: Cyber Security Agency Warns Banking Customers In India

Outlook Web Bureau

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.


Photo Gallery

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
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