Tag archive for ‘banks’
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 Monday, February 26th, 2018
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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
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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
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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...

By Loknath Das On Wednesday, January 17th, 2018
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Air India Joins Hands With 3 Banks For Loans For Three Boeing 777 Planes

Air India ties up with 3 banks for raising loans, says civil aviations minister Jayant Sinha New Delhi: State-owned Air India has tied up with UAE-based First Abu Dhabi Bank as well as Standard Chartered Bank More...

By Loknath Das On Wednesday, January 17th, 2018
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PSU Banks Face 1,463 NPA Accounts Of Rs. 100 Crore Each

Gross NPAs of state-owned banks stood at Rs. 7.34 lakh crore by the end of second quarter     HIGHLIGHTS In SBI, 265 accounts have bad loans of more than Rs. 100 crore each PNB has 143 NPA accounts 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 Friday, December 1st, 2017
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‘Open banking’ holds promise but cybersecurity fears loom for Canadian banks

As banks work to fortify their cybersecurity defences amidst a growing number of data breaches, they are also exploring the promise of so-called ‘open banking,’ a concept that could finally disrupt More...