Tag archive for ‘banks’
By Loknath Das On Thursday, June 15th, 2017

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

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...

By Loknath Das On Saturday, June 10th, 2017

Banks cut savings account rates for long-term customers

Interest rates on savings accounts have fallen more than the RBA’s cash rate in the past year. Photo: Josh Robenstone   Three of the country’s big banks have cut interest rates paid to many customers More...

By Loknath Das On Thursday, May 25th, 2017

Blockchain driven project will not be easy to identify: HDFC Bank’s Sharad Bishnoi

“Digital transformation is the millennia” Sharad Bishnoi Senior Vice President & Head of Business Technology Group (Wholesale) at HDFC Bank says. Sharad Bishnoi being in banking sector for over 30 years, More...

By Loknath Das On Friday, May 19th, 2017

Banks Asked To Update ATM Software To Prevent ‘WannaCry’ Cyberattack

New Delhi: The Reserve Bank of India has asked banks to follow the instructions of the Indian Computer Emergency Response Team (CERT-In), a government organisation, to prevent attack by ransomware ‘WannaCry’ More...

By Loknath Das On Thursday, May 18th, 2017

Small Businesses Suffer As Bruised Banks Sit On Deposits

New Delhi/Mumbai: Businessman Vineet Pandey has 500 housekeepers, security guards, electricians and plumbers on his books, servicing offices in India’s booming financial metropolis Mumbai. He would love to More...

By Loknath Das On Saturday, April 8th, 2017

Banks likely to slash interest rate on savings accounts and deposits this fiscal

It’s raining bad news for small savers and depositors as interest rates on savings and bank deposits are set to trend lower in the new fiscal. The government has announced lowering of interest rates on financial More...

By subhadip On Monday, February 13th, 2017

Oil has strengthened, but Singapore banks not out of the woods yet

Stronger global oil prices have yet to benefit the offshore marine sector, whose continued troubles are expected to dominate the narrative this week when Singapore’s three largest banks release their earnings More...

By subhadip On Friday, February 3rd, 2017

Banks’ duty to provide free ATMs and keep branches open

I note the current negotiations over the future of the ATM network (Fees row may lead to charge for Link cash machine withdrawals, 19 January). In 2005, I led a Treasury committee inquiry into cash machine charges More...

By subhadip On Thursday, January 19th, 2017

Blockchain can help investment banks save $8bn per year, Accenture says

Accenture and operations benchmarking consultancy firm McLagan evaluate the applications of distributed ledger technology (DLT) in investment banking operations in the “Banking on Blockchain” report. For the More...