Strengthening Public Sector Banks Is Top Priority, Says Arun Jaitley

New Delhi: Having implemented the Goods and Services Tax (GST), Finance Minister Arun Jaitley today said strengthening the public sector banks is most important agenda for the next year. “There are important tasks when we look at the next year…fixing the banks and completing the unfinished task of strengthening the public sector banks (PSBs), More...

by Loknath Das | Published 5 days ago
By Loknath Das On Friday, January 19th, 2018
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Banking Sector Stares At Additional Rs. 40,000 Crore NPAs

New Delhi: The banking sector fears accretion of more than Rs. 40,000 crore of bad loans to its books following recent classification of eight consortium accounts of Axis Bank as non-performing assets by the RBI. The More...

By Loknath Das On Friday, January 19th, 2018
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Punjab National Bank Q2 Profit Beats Estimates, Shares Surge

State-run Punjab National Bank, the country’s fourth-biggest lender by assets, reported a 2 per cent rise in second-quarter profit, beating forecasts. Its shares rose over 5 per cent to Rs. 208 at day’s More...

By Loknath Das On Tuesday, January 9th, 2018
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Banks’ performance to be under scrutiny: Arun Jaitley

Finance minister Arun Jaitley on Saturday said Indian taxpayers were making a sacrifice to keep the banking system in good health and hence the performance of banks would be under the lens over the next few years. He More...

By Loknath Das On Tuesday, January 9th, 2018
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1,463 bad loan accounts owe public sector banks Rs 100 crore or more

As many as 1,463 entities account for bad loans of Rs 100 crore or more in 21 public sector banks (PSBs), finance ministry data shows. In State Bank of India (SBI) alone, 265 accounts had bad loans of more than More...

By Loknath Das On Saturday, December 30th, 2017
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Centre pumps 7,577 cr into 6 public sector banks

NEW DELHI, DECEMBER 29:   Coming to the rescue of ailing banks, the Centre has pumped in capital of ₹7,577 crore in various weak public sector banks. This capital infusion is timely and would help these banks More...

By Loknath Das On Saturday, December 30th, 2017
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A Brave New World – Will Open Banking Boost The UK Fintech Sector?

Open Banking will require major banks to share data with challengers Open banking is coming to the UK. To be more precise, from January 13, 2018, Britain’s nine largest banks and one building society will More...

By Loknath Das On Saturday, December 9th, 2017
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Rupee falls 14 paise to 64.52 as RBI keeps rates unchanged, raises inflation forecast

The rupee weakened further by 14 paise to close at 64.52 against the US dollar after the Reserve Bank decided to keep rates unchanged and raised the inflation forecast on Wednesday. Besides, heavy capital outflows More...

By Loknath Das On Saturday, December 9th, 2017
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Bitcoin soars to $19,000 then falls back to $16,000; banks raise risk concerns

Even by bitcoin standards, Thursday was a wild ride. With a few hours, the volatile digital currency surged above $19,000, dropped back below $16,000, and then see-sawed before settling in just above $17,000 late More...

By admin On Thursday, December 7th, 2017
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Pros of Online Banking

Online banking refers to a computerized service that allows customers to access the bank services online on their phones or computers using internet such aschecking the status of their account and transaction history. More...