Banks

RBI relaxes leverage ratio for banks to boost their lending capacity

The leverage ratio, as defined under Basel-III norms, is Tier-I capital as a percentage of the bank's exposures. The framework is designed to capture leverage associated with both on- and off-balance sheet exposures.

RBI removes charges on RTGS/NEFT transactions, asks banks to pass on benefits

The Reserve Bank of India Thursday said it has done away with charges on fund transfers through RTGS and NEFT routes to boost digital transactions and asked banks to pass on the benefits to customers.  

Banks can use Aadhaar for KYC with customer's consent: RBI

Banks can use Aadhaar for KYC verification with the customer's consent, the Reserve Bank said Wednesday as it updated its list of documents eligible for identification of individuals.

Bank unions write to PM Modi, want govt to take over Jet Airways

Bank unions Friday urged Prime Minister Narendra Modi to take over grounded Jet Airways to secure the future of the 22,000-odd employees of the carrier.  

Delhi: Three arrested for cheating banks with forged documents; getting away with credit cards, loans

The accused have cheated the Axis Bank, HDFC Bank, IndusInd Bank, SBI, RBL, ICICI Bank, Bank of Baroda and other banks.

Banks may remain closed for 5 days due to holidays, strikes in December

In the wake of strikes and holidays, the banks will remain closed from next Friday to Wednesday, except Monday and the banking services could adversely be affected on these days.

Government expects bad loan recoveries to exceed Rs 1.80 lakh crore target in FY19

Banks recovered Rs 36,551 crore in the first quarter of 2018-19 and had recovered Rs 74,562 crore during 2017-18.

Customers pay Rs 5,000cr to banks in FY18 for breaching minimum balance

India's largest lender State Bank of India, which suffered a staggering net loss of Rs 6,547 crore during 2017-18, led the pack in penalising its customers for not maintaining minimum account balance.

Banks sign inter-creditor agreement on resolving NPAs: Goyal

The ICA is being signed by 22 public sector banks, including the India Post Payments Bank, 19 private sector banks and 32 foreign banks.

Bank, insurance unions threaten strike during Parliament's winter session

The Committee was formed to protest against what are termed as attacks on the banking and insurance sectors like foreign direct investment (FDI), disinvestment and other sectoral reforms.

How to reduce impact of higher interest rate on home loan

Availing the right home loan is not as easy as it appears. It seems to every individual that banks and financial institutions are eager to lend you money to buy a house property of your own, but getting a home loan sanctioned can be a tedious task.

Banks stare at $38 bn new dud loans from power sector: Report

About 43 per cent of loans are extended to the power generation sector, followed by distribution at 37 per cent and transmission at 20 per cent, the report said.

Banks will decide if to lower interest rates, says Arun Jaitley

Finance Minister Arun Jaitley said that lowering interest rates is a decision entirely in the domain of banks.

12 large NPAs: Banks may see provisions doubling this year, says Morgan Stanley

Foreign brokerage Morgan Stanley today said it sees banks' provisioning for 12 largest default accounts doubling up from the current level.

Deposit scrapped Rs 500, Rs 1000 notes with RBI by July 20: Govt to banks

The government has given a last chance to district cooperative banks, commercial banks and post offices to deposit the banned Rs 500 and Rs 1,000 notes with the Reserve Bank by July 20

RBI moots account number portability, but will banks oblige?

If the Reserve Bank of India has its way, you could soon shift your account from one bank to another without going through the hassle of extensive paperwork and managing different accounts at as many banks

WannaCry: How slow speed, outdated IT infra at ATMs saved Indian banking system

WannaCry has shuttered or slowed many operations across the world. But its impact in India was hardly seen

Banks get time till June 30 to obtain PAN from account holders

RBI moots waiving bank transaction charges, lowering interest rate on credit cards

In a bid to promote cashless transactions in the country, the Reserve bank of India (RBI) has given banks the freedom to fix bank service charges for transactions, Minister of State for Finance Santosh Kumar Gangwar said on Friday.