Tag archive for ‘banks’
By Loknath Das On Friday, March 1st, 2019

Zero Balance Savings Account: What you can do to avoid banks’ hefty penalty

Most salary accounts are usually zero balance accounts as there are no charges required for non-maintenance of minimum account balance. It is usually mandatory to maintain a monthly average balance (MAB) in your More...

By Loknath Das On Wednesday, February 6th, 2019

Banks yet to Tag Rs 3.5 Trillion Stressed Corporate Loans as NPAs: Report

Mumbai: Around Rs 3.5 trillion or 3.9% of the stressed corporate loans continue to remain unrecognised on the books of banks and nearly 40% of them may become dud assets by September 2020, warns a report. These More...

By Loknath Das On Sunday, January 20th, 2019

In 4 years, banks fined you more than what Vijay Mallya and Nirav Modi owe them

Of course, you have heard the name Vijay Mallya. The liquor baron who once had a majority stake in United Beverages, the face of Kingfisher Airline and Royal Challengers Bangalore, and a host of other things? Aaah! More...

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...