Tag archive for ‘banks’
By Loknath Das On Wednesday, July 12th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Monday, July 10th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Saturday, July 8th, 2017
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Have Zero Tolerance On Bad Loans; Fight Cases: Finance Ministry To Banks

New Delhi: Unfazed by the Gujarat High Court order staying bankruptcy proceedings against Essar Steel, the finance ministry has asked banks to maintain zero tolerance against bad loans and be prepared to fight More...

By Loknath Das On Friday, June 23rd, 2017
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Provide Adequate Transaction Details In Passbooks: RBI To Banks

Mumbai: The RBI today asked banks to provide “adequate details” of transactions in the passbooks and statements of accounts so that customers can cross-check them. Earlier, the Reserve Bank had advised More...

By Loknath Das On Thursday, June 22nd, 2017
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Provide Adequate Transaction Details In Passbooks: RBI To Banks

Mumbai: The RBI today asked banks to provide “adequate details” of transactions in the passbooks and statements of accounts so that customers can cross-check them. Earlier, the Reserve Bank had advised More...

By Loknath Das On Thursday, June 22nd, 2017
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Government Allows Co-Operative Banks To Deposit Old Notes With RBI

The Finance Ministry on Tuesday allowed banks, post offices and district central cooperative banks to deposit the scrapped Rs. 500 and 1,000 rupee notes with the Reserve Bank of India within 30 days and exchange More...

By Loknath Das On Thursday, June 22nd, 2017
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Telecom Sector Woes Do Not Pose Systemic Threat To Banks, Says Fitch

Mumbai: In the wake of recent liquidity crisis at Reliance Communications, global rating agency Fitch Ratings today said though the country’s banks do not have large exposure to the telecom sector, but defaults More...

By Loknath Das On Thursday, June 15th, 2017
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Fake Currency Detection In Banks Swell To Maximum In Eight Years

New Delhi: Counterfeit currency detection instances in the country’s banking channels have seen an all time increase in the last eight years at over 3.53 lakh instances, according to a latest government report. All More...

By Loknath Das On Thursday, June 15th, 2017
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Cabinet Clears Bill To Deal With Crisis In Banks, Insurers

New Delhi: The Cabinet on Wednesday gave approval to a proposal to introduce a Bill in Parliament for setting up a Resolution Corporation to deal with bankruptcy in banks, insurance companies and financial entities. The More...

By Loknath Das On Saturday, June 10th, 2017
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Banks can now lend more, cheaper home loans likely

The Reserve Bank of India (RBI) on Wednesday made it possible for banks to lend more to home-buyers, and at lower rates, in a move that should benefit customers as well as real estate developers. The central bank More...