Search Results for: banking

Indian deposits in Swiss banks drop to record low of Rs 4,500 crore

The total money parked by Indians in Switzerland's banks fell by 45 percent to CHF 675.75 million during 2016, marking the biggest yearly decline.

Jun 30, 2017

Buy, buy, baby: RBI's checks can make the banks bounce

Guidelines on third party product sales from the banking regulator may not really stop banks from mis-selling.

Jun 29, 2017

Embarrasing timing: PM Modi's '7,000 reforms in 3 years' claim came a day after Economist downvoted him as reformer

PM Narendra Modi said during his meeting with businessmen in US that his govt has done 7,000 reforms in last three years. Just a day earlier, the revered Economist termed him a fine administrator but not so a reformer.

Jun 27, 2017

The Hurting Locker: Trust and liability are gone with the RBI wind

Are banks saying that they don't care for lost or stolen goods from their lockers, but will still charge customers for taking the risk?

Jun 26, 2017

Royal Bank of Scotland to cut 443 jobs in UK, plans to move many roles to India for cost-cutting

The Royal Bank of Scotland job cut will mostly affect the department that deals with loans for small businesses, and the decision was reportedly made to cut the rising costs of the company.

Jun 26, 2017

Unburdening: Tata Teleservices seeks to recast Rs 32,000-cr debt pile

Tata Tele has reportedly approached a lender consortium led by SBI for restructuring outstanding debt of Rs 32,000 crore.

Jun 24, 2017

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Narendra Modi's GST is a 'wasted opportunity': Economist

In its latest issue, The Economist mocked the Modi government's Goods and Services Tax (GST) reform, referring to its cumbersome compliance norms.

Jun 23, 2017

Safe money: A coating of Aadhaar for WhatsApp's UPI-enabled wallet

Aadhaar authentication will push WhatsApp's push security credentials higher than Hike, Paytm, Oxigen

Jun 23, 2017

RBI announces members of oversight panel to tackle bad loans

The panel will oversee restructuring of troubled loans, as it strives to cut more than $150 billion of bad debt accumulated by banks.

Jun 22, 2017

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Infosys Finacle wins four international banking excellence awards

The awards were instituted by The Asian Banker.

Jun 22, 2017

Saudi Deputy Crown Prince Mohammad bin Salman

Mohammad bin Salman: Exuberant crown prince aims to assert Saudi nationalism aggressively

Salman, 31, has fast risen through the ranks of Saudi politics. He is hell-bent to make Saudi nationalism assertive and make a difference with the old guard. Will his way ultimately prevail?

Jun 21, 2017

Recovery time: Bankers to meet on Monday to decide on RBI's defaulter list

The 12 accounts were identified by the IAC after studying the top 500 ones in the banking system for defaulter urgency and insolvency potential.

Jun 18, 2017

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RBI's decision against loan defaulters reveals rot that set in during UPA regime

RBI deputy governor Dr Viral Acharya had, in February this year, made interesting comments on bad loans that are now part of 12 big defaulters.

Jun 17, 2017

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IT spend by Indian banks to grow 8.6% in 2017

IT services will grow the fastest at 13.8 percent in 2017 followed by software at 13.4 percent.

Jun 16, 2017

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Aadhaar mandatory for opening bank accounts; existing account-holders have time till December 31

Aadhaar becomes mandatory for opening bank accounts and financial transactions above Rs 50,000 from June 1; existing bank account holders have to get Aadhaar by December 31 this year, else their accounts will become invalid.