Follow Us on Google News New Delhi, June 13 (IANS) Indian banks have shown significant improvement in asset quality during FY25, driven by low net additions to non-performing assets (NPAs), a new report said on Friday. This trend has helped banks strengthen their balance sheets, while credit costs have continued to decline, boosting overall profitability, … Read more
Follow Us on Google News Kochi, June 5 (IANS) With several cooperative banks in the state going bust in the past few years and with numerous cases getting registered, the Kerala High Court on Thursday expressed deep concern over the plight of the hapless depositors and also flagged the role of political parties. Justice Devan … Read more
Follow Us on Google News New Delhi, June 1 (IANS) Starting July 1, major private sector banks like HDFC Bank and ICICI Bank will increase charges on various credit card and banking services. Both banks have informed their customers about the changes through official notifications. HDFC Bank has announced new charges for credit card users, … Read more
Follow Us on Google News Mumbai, May 19 (IANS) Maharashtra Chief Minister Devendra Fadnavis on Monday directed the banks to provide agricultural loans to farmers without insisting on providing CIBIL score (credit information). CIBIL score is a 3-digit numeric summary of one’s credit history, rating and report, and ranges from 300 to 900. The closer … Read more
Follow Us on Google News New Delhi, May 9 (IANS) Finance Minister. Nirmala Sitharaman on Friday convened a high-level meeting with the Managing Directors and CEOs of public and private sector banks and insurance companies amidst emerging security concerns arising from tensions at the border. Senior officials from the Department of Financial Services of the … Read more
Follow Us on Google News New Delhi, May 9 (IANS) India’s top banks, including the State Bank of India and the Punjab National Bank, said that their ATMs and digital services were fully functional and all operations were normal. The announcement by the banks came in response to fake social media reports claiming that ATMs … Read more
Follow Us on Google News Gurugram, May 1 (IANS) Haryana’s Environment, Forest and Wildlife Minister, Rao Narbir Singh, on Wednesday, directed the officials to create land banks by purchasing land at collector rate from the panchayats of the state that have more than 100 acres of land. The Minister said this while chairing a review … Read more
Follow Us on Google News New Delhi, April 13 (IANS) Banks have asked for the power to freeze bank accounts being used for cyber frauds without waiting for court or police approval, according to a report by a working group set up by the Indian Banks’ Association (IBA). At present, banks can only block accounts … Read more
Follow Us on Google News New Delhi, April 8 (IANS) The Finance Ministry’s Department of Financial Services has notified the amalgamation of 26 Regional Rural Banks (RRBs) on the principles of ‘One State One RRB’ as part of the fourth phase of the continuing exercise to improve efficiency, according to an official statement issued on … Read more
