Banking: No Longer Business As Usual

Many believe we are in the midst of a fourth industrial revolution. The first industrial revolution (18th and 19th centuries) moved us from a prominence of farming to a more industrial existence and the introduction of steam engines. The second industrial revolution (1870 – 1914) was a period of industrial expansion and mass production. The third More...

by Loknath Das | Published 1 month ago
By Loknath Das On Monday, July 9th, 2018
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CBI looks for banking, tax experts to help probe into multi-crore scams

Some former top RBI officials are also under the scanner of the CBI for alleged financial frauds. NEW DELHI: The Central Bureau of Investigation (CBI), which is probing the over Rs 13,000 crore Punjab National More...

By Loknath Das On Monday, July 9th, 2018
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Better banking ahead

With major public sector banks posting hefty losses in the midst of rising non-performing assets, the process of cleaning up of balance sheets has reached the tipping point. Efforts to detoxify balance sheets  of More...

By Loknath Das On Saturday, June 30th, 2018
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LIC gets Irdai nod to buy 51% stake in IDBI Bank: Report

Insurance Regulatory and Development Authority of India (Irdai) on Friday permitted Life Insurance Corporation of India (LIC) to buy up to 51 per cent stake in the debt-ridden IDBI Bank Ltd, sources said. The decision, More...

By Loknath Das On Thursday, June 28th, 2018
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Quarter million still using password cards to log into online banking

Bank password cards will soon be a thing of the past in Estonia. Source: (Aili Vahtla/ERR) Approximately 250,000 people in Estonia are still using password cards exclusively for authentication when logging More...

By Loknath Das On Thursday, June 28th, 2018
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Chase all-mobile bank, Finn, rolled out nationwide in search of Millennials

Forget the teller. Bypass the local branch. Chase is rolling out its all-mobile bank, Finn, nationally, bringing together banking and spending-and-savings-related tools to smartphones. Through Finn, customers More...

By Loknath Das On Thursday, June 28th, 2018
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Swiss banking sector continues to shrink but survivors profitable

More banks turned a profit last year than in 2016 (Keystone) Switzerland lost a total of nine banks in 2017 bringing the total to 253. Around 20 years ago the country boasted more than 400 banks. According More...

By Loknath Das On Friday, April 27th, 2018
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Axis Bank board clears higher borrowing limit of Rs 2 lakh crore

Private sector Axis Bank on Friday said its board has approved a proposal to increase its borrowing limit up to Rs 2 lakh crore. The borrowings will be “apart from deposits of money accepted from public in the More...

By Loknath Das On Tuesday, April 17th, 2018
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Do we trust banks? We’re going to know soon

Australian banks look set to publicly report on how much their customers trust them, a move designed to give greater transparency to the industry’s bid to repair its battered reputation. Former auditor-general More...

By Loknath Das On Tuesday, April 17th, 2018
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Banking royal commission: AMP executive says company put profits before the law

AMP’s head of financial advice, Anthony Regan, said there were reasons to be concerned about the company’s internal culture while appearing before the banking royal commission. Photograph: AAP AMP’s head More...