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  US Congress passes sanctions over Hong Kong rights, targeting banks

  World | July 02, 2020 22:29 IST

  US Congress on Thursday passes new sanctions over Hong Kong rights, targeting banks that do business with Chinese officials who are involved in cracking down on pro-democracy protesters.

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  Crisis liquidity bridge from banks to support companies: Report

  Business | May 12, 2020 13:41 IST

  As businesses go through a tough phase with fall in revenues and liquidity crunch, a joint report by FICCI and Deloitte suggests that the banking sector can come up with a 'crisis liquidity bridge' for companies through working capital term loan (WCTL) and funded interest term loan (FITL) among other facilities to tide over the coroanavirus crisis.

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  RBI to slap 200 bps penal interest on banks if failed to invest TLTRO funds within 30 days

  Business | April 13, 2020 21:47 IST

  The Reserve Bank on Monday warned banks that they will have to pay 200 bps additional penal interest if they fail to invest the mandated 50 per cent of the funds raised through targeted long-term repo operations (TLTRO) route in corporate bonds within a month.

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  COVID-19 lockdown: All banks to remain open on Mahavir Jayanti, Good Friday in Uttar Pradesh

  Business | April 03, 2020 22:31 IST

  ​Additional Chief Secretary Home Awanish Kumar Awasthi on Friday said on the directions of Chief Minister Yogi Adityanath all banks in the state will remain open on Mahavir Jayanti and Good Friday during the lockdown period. 

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  RBI asks banks to inform about re-appointment cases of MD, CEOs six months in advance

  Business | March 31, 2020 21:13 IST

  The Reserve Bank on Tuesday asked the private sector and foreign banks to intimate it six months in advance in cases of re-appointment of managing director and chief executives as against the present practice of four months.

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  COVID-19: Banks across Punjab to open on March 30-31

  Business | March 29, 2020 17:59 IST

  Banks will open across Punjab on March 30 and 31 to facilitate people in their financial transactions amid the curfew restrictions, Chief Minister Captain Amarinder Singh said on Sunday.

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  FACT CHECK: Will banks in India shut amid lockdown?

  Fact Check | March 27, 2020 16:07 IST

  Reports have claimed that major banks in India are planning to shut down most of their branches during the 21-day lockdown, which began Tuesday midnight. But how true is it?

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  Cash reserve ratio of all banks reduced by 100 basis points to 3 pc for a period of 1 year: RBI Guv

  Business | March 27, 2020 13:12 IST

  RBI Governor Shaktikanta Das on Friday announced a reduction in the Cash Reserve Ratio (CRR) of all banks by 100 basis points to 3% of Net Demand and Time Liabilities with effect from the fortnight beginning March 28 for a period of 1 year.

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  Banks to close maximum branches during coronavirus lockdown: Report

  Business | March 26, 2020 22:10 IST

  Coronavirus Lockdown: Banks in India are devising plans to work with minimum staff. According to the plan, a bank branch would be operational every 5 km in cities while banks in rural areas will operate alternate day, Reuters report claims.

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  Mega bank consolidation on track; to take effect from April 1: Sitharaman

  Business | March 26, 2020 17:45 IST

  The government on Thursday said the mega bank consolidation plan is very much on track and will take effect from April 1 despite the onslaught of coronavirus pandemic throwing the country out of gear. 

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  COVID-19 crisis: Banks launch special emergency loans for customers

  Business | March 26, 2020 12:22 IST

  Bank of Baroda said it has set up an emergency credit line to provide funds to its existing MSME and corporate borrowers impacted by the outbreak of coronavirus. This follows a similar additional funding facility announced by the country's largest lender State Bank of India for its borrowers, last week. 

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  Banks asset quality may take further hit due to Covid-19: Report

  Business | March 25, 2020 21:36 IST

  The outbreak of COVID-19 and continued slowdown in the economy are likely to have an impact on banks asset quality and may trigger a surge in gross non-performing assets (GNPA) ratio to 9.6 to 9.9 per cent by the second or third quarter of the next fiscal, says a report.

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  Petrol pumps to Bank ATMs: List of services that are operational during lockdown

  India | March 23, 2020 13:18 IST

  Amid coronavirus pandemic, the government has announced lockdown across 80 districts, including 16 districts, of Uttar Pradesh. The government has also suspended all non-essential services, including Railways, Metro till March 31. To simplify things for you, IndianTV News has compiled a list of services and facilities that will be functional and suspended during the lockdown.

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  Getting a new credit, debit card after March 16? This is what you need to know

  Business | March 15, 2020 15:02 IST

  Bank customers who are expecting the issuance of their new credit, debit cards after March 16 should know about a number of things that they will have to keep in mind while doing any type of transactions after 16th March.

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  Banks NOT instructed to stop dispensing Rs 2000 notes from ATMs: Nirmala Sitharaman

  Business | February 26, 2020 23:59 IST

  Union Finance Minister Nirmala Sitharaman Wednesday said banks were not instructed to stop dispensing Rs 2,000 notes. The statement comes after Indian Bank decided to stop putting Rs 2,000 notes in its ATM machines.

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  People line-up outside ATMs in Bengal after money is transfered in accounts from 'mystery' source

  India | February 18, 2020 14:12 IST

  People in Bengal's Burdwan are lining up outside ATMs after money ranging from Rs 3,000 - Rs 35,000 is transfered in their accounts from a 'mystery' source.

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  2G mobile internet in Jammu, broadband in 'essential institutions' in Kashmir restored

  India | January 15, 2020 10:49 IST

  2G mobile internet in five districts of Jammu and broadband facility in all essential institutions have been restored today. Internet services have been suspended ever since the abrogation of Article 370 in August last year.

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  Banks' asset quality improves as NPAs remain stable at 9.1% as of September: RBI

  Business | December 24, 2019 18:38 IST

  As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at 9.1 per cent as of September-end, the same level as in FY19, according to the RBI. 

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  Yes Bank hit by rating downgrade, stock slumps to over 5%

  Business | December 06, 2019 11:20 IST

  Yes Bank shares tumbled over 5 per cent in morning deals on Friday, hit by ratings downgrade by Moody's Investors Service. The lender's shares were trading at 58.75 apiece, down 5.39 per cent on the BSE. Likewise, the stock dived 5.23 per cent to Rs 58.85 per unit on the NSE.

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  Bank Holidays Alert! Banks to remain closed on these days in December 2019; Check full list here

  Business | December 04, 2019 14:21 IST

  As its December month, the final phase of 2019 is underway. Just like every other month, banks will remain closed on public holidays in December too. So, One will have to plan in advance to ensure that they do not run out of cash in December. According to RBI, the banks will be closed for a total of 9 days in December 2019. Due to bank holidays, there may also be a shortage of cash in an ATM machine due to bank holidays.