Tag archive for ‘banks’
By Loknath Das On Sunday, December 30th, 2018

Complex web of international banks, shell companies, helps North Korea gain access to funds, WSJ reports

News1-Dong-A Ilbo  | Getty Images News | Getty Images In this handout image provided by the News1-Dong-A Ilbo, North Korean officials watch the demolition of the Punggye-ri nuclear test site on May 24, More...

By Loknath Das On Friday, December 21st, 2018

Fixed Deposit (FD) Interest Rates: Returns Offered By Commercial Banks, Small Finance Banks

ixed Deposit Interest Rates: The interest rates on FDs vary according to the tenor of a fixed deposit. Fixed deposit (FDs), also known as term deposits, are secure investment instruments offered by private and More...

By Loknath Das On Friday, August 24th, 2018

Banks look to oust Lanco Devihalli from road project to recover loans

Lenders want to transfer the concession agreement from Lanco Devihalli to a new investor. Photo: Priyanka Parashar/Mint Mumbai: A consortium of lenders, led by the State Bank of India (SBI), is looking for a More...

By Loknath Das On Friday, August 24th, 2018

Relax non-performing asset rules for Kerala loans: Banks 

Representative image. MUMBAI: Banks have made a representation to the Reserve Bank of India (RBI), seeking forbearance in loans to individuals and small businesses in Kerala. They have said that since the More...

By Loknath Das On Saturday, June 30th, 2018

Banks mull common portal to offer competitive personal, housing & other retail loans

The government also wants PSBs to use new financial technologies to make business transactions quicker and hassle-free. NEW DELHI: State-run banks are mulling a common portal where they could offer competitive More...

By Loknath Das On Saturday, June 16th, 2018

No research before ban: Was RBI reckless to stop banks from dealing with cryptocurrencies like Bitcoin?

The RBI on April 6 dealt a body blow to all the cryptocurrency exchanges and individuals doing virtual currency business in India by asking regulated institutions like banks to stop providing services to them. More...

By Loknath Das On Tuesday, April 17th, 2018

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 Monday, February 26th, 2018

PNB Fraud: ED writes to 16 other banks, seeks info on loans given to Nirav Modi, Mehul Choksi

The Enforcement Directorate (ED) seems to have turned the tide towards the other banks in the Rs 11,400-crore Punjab National Bank (PNB) fraud, which has shaken up the entire banking system in the country, hence More...

By Loknath Das On Wednesday, February 14th, 2018

Banks Set To Raise Lending Rates, Pre-Empting RBI, Says Report

New Delhi/Mumbai: India’s struggling economy is facing a new challenge: banks are raising interest rates even though the Reserve bank of India (RBI) is leaving its rates unchanged, as risks such as surging More...

By Loknath Das On Friday, January 19th, 2018

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 More...