34 C
Delhi
Monday, April 12, 2021

Banking

NBFCs to face asset quality, liquidity risk due to Covid 2.0

Chennai, April 8 (IANS) Indian non-banking finance companies (NBFC) face asset quality and liquidity risks owing to second wave of Covid-19 pandemic, said credit rating agency Fitch Ratings. Fitch on Thursday said NBFCs will face increased challenges if the restrictions...

Last date today for submitting bids for unified bank licences

New Delhi, March 31 (IANS) March 31 is the deadline for submitting applications for setting up a pan-India umbrella entity for retail payments. The Reserve Bank of India in February had extended the date to March 31 after it received...

NBFC-MFIs to charge 7.81% average base rate in April-June

Mumbai, March 31 (IANS) The Reserve Bank of India (RBI) on Wednesday said that Non-Banking Financial Company - Micro Finance Institutions (NBFC-MFIs) will charge an applicable average base rate of 7.81 per cent from their borrowers during the April-June...

SBI raises additional $1B untied loan with JBIC

<img class="size-full wp-image-9837 aligncenter" src="https://indiaupdates.in/wp-content/uploads/2019/07/667671-sbi-new.jpg" alt="SBI waives charges on online transactions" width="700" height="400" />Mumbai, March 31 (IANS) Lending major State Bank of India (SBI) has entered into a loan agreement amounting up to $1 billion with Japanese government owned...

Cabinet likely to consider IDBI Bank privatisation next week

New Delhi, March 30 (IANS) As the government's new disinvestment policy moves ahead, the Union Cabinet is likely to consider the privatisation of IDBI Bank in its meeting next week, sources said on Tuesday. The LIC-owned IDBI Bank would be...

Bankers be recognised as Covid Warriors: Parliamentary Committee

Chennai, March 27 (IANS) The Parliamentary Standing Committee on Home Affairs on Management of Covid-19 Pandemic has observed the bank employees should be recognised as Covid Warriors, said a top leader of All India Bank Employees' Association (AIBEA). "Appreciating the...

Curtailed banking services during March 27-April 4

New Delhi, March 22 (IANS) Banking consumers may face difficulties in getting services from March 27 to April 4 as all banks in the country will largely stay closed or offer curtailed services as the institutions switch to the...

Reserve Bank of India’s FY22 budget approved

Mumbai, March 19 (IANS) The Reserve Bank of India's budget for FY22 was approved on Friday by its Central Board of Directors. The approval comes before the apex bank shifts its accounting year to April-March period from FY22. "The Board, in...

Banks may face incremental debt issuance challenges from new norms

New Delhi, March 18 (IANS) Banks might face incremental debt issuance challenges as new norms limiting composition of the Basel III bonds in overall asset under management (AUMs) could affect investment appetite of AMCs, ICRA said on Thursday. Recently, markets...

Seven merged banks to see cheque book changes from April 1

New Delhi, March 14 (IANS) From April 1, 2021, cheque-books and passbooks of over half a dozen banks which went through a merger will become invalid. The banks affected by these changes include Dena Bank, Vijaya Bank, Corporation Bank, Andhra...

Latest News

Easing lockdown could lead to 3rd Covid-19 wave in UK: Scientists

London, April 12 (IANS) British scientists have warned that the British government is risking a third wave of Covid-19...