हिंदी में पढ़ें
Banking & Financial Services
Income Tax Calculator
Personal Loan Calculator
Car Loan Calculator
Home Loan Calculator
Money making magnet IndusInd Bank share poised to give 20 per cent return in January
Fri, Jan 11, 2019
Management expects up to a Rs 10bn hair-cut on the total exposure to IL&FS. However, given the bank’s negligible stressed pipeline on the corporate side (barring IL&FS) and low risk on its vehicle-finance portfolio, we expect its asset quality to improve from "first quarter of next fiscal year."
Yes Bank alert! Shutdown of securities trading for 16 days for these investors! Rana Kapoor led bank submits names for new chief
Fri, Jan 11, 2019
Yes Bank has been struggling for the last three months to find a new MD and CEO after RBI shockingly decided to end the tenure of the current chief Rana Kapoor. RBI has asked Yes Bank to say goodbye to Kapoor by end of January 31, and a new CEO to take charge from February 01, 2019. Interestingly, not just one, but some more developments were announced by Yes Bank.
Public sector banks on strike today: Operations impacted across country
Wed, Dec 26, 2018
Operations at public sector banks across the country were impacted today due to a strike called by unions against the proposed merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB).
Banks in 2018: Borrowers left as loans went kaput; CEOs forced to leave and RBI chief quits too
Wed, Dec 26, 2018
First, loans went kaput (broken) and borrowers left the country after defaulting on payments or committing frauds.
Funds Crisis! India Inc's Dependence On Foreign Banks Rises
Tue, Dec 18, 2018
Local firms are growing more dependent on banks to raise offshore funds going into 2019 as the bond markets sputter, rupee funding from domestic banks falls.
Keep more capital buffer for your own interest: RBI ED to Banks
Fri, Dec 07, 2018
There is a need to look beyond numbers like 8 percent of risk weighted assets or 9 percent, he said.
Now bank ATMs can encash your cheque within one minute, 24x7; Interesting details here
Tue, Nov 27, 2018
Leading ATM maker NCR Corporation has developed an ATM that can encash cheques - That too within just one minute!
Centre to inject Rs 42,000 crore in state-run banks by March
Tue, Nov 27, 2018
The government will pump Rs 42,000 crore into debt-laden public sector banks in the remainder of the current financial year to March to improve their financial health, a senior Finance Ministry official said on Monday.
Bank holidays in November: These are the days your branch will be closed
Sat, Nov 10, 2018
Bank holiday in November 2018 in India: After Diwali, there is a list of other festivals which are part of the extended festive season and on these occasions, a trip to your bank branch may prove to be fruitless.
Vega Mall project scooped up by Indiabulls Housing Finance for Rs 500 crore
Mon, Jul 02, 2018
The ARCs gave additional priority loan of Rs 70 crore to complete the project. This helped get an investor, signifying the importance of successful timely intervention that put a distressed asset back on the track. Siby Antony, executive chairman at Edelweiss ARC, said, “This a successful case where the 15:85 scheme worked and where both banks and ARCs will benefit.
Finance Ministry weighs options for consolidation in banking sector
Sun, Jul 01, 2018
The presentation talked about advantages and challenges of merger but it also highlighted that fragmented approach of the banks is acting as an impediment in their growth. Various permutation and combinations are being examined, sources said, but added that no decision has been taken yet.
Banks unlikely to source credit for many companies in FY19: Report
Tue, Jun 19, 2018
"The adverse conditions in the interest rate market, increasing risk aversion by state-run banks, volatile external environment and limited access to alternative financing options as critical drivers for corporate credit quality in FY19, especially for weak entities," the report said.
After PNB scam, non-governmental Expert Agency to review PSBs' monthly performance
Wed, May 09, 2018
In January 2018, the government announced Rs 2.11 trillion recapitalisation plan for public sector banks, besides chalking out a comprehensive time-bound reforms agenda, EASE (Enhanced Access and Service Excellence). State-run banks were asked to seek approval from their respective boards for implementing the EASE plan.
Banks stare at $38 bn new dud loans from power sector: Report
Wed, Apr 04, 2018
The report is based on the fact that as much as 71 gigawatt (gw) of private sector coal-based projects are facing bankruptcy filings at various NCLTs, implying probable resolution from June 2019 and it expects an average 75 per cent write-off in these loans. Of the USD 178 billion loan, the distribution companies have USD 65 billion, generation companies have USD 77 billion, and transmission firms have a debt burden of USD 36 billion, says the report penned by BofA-ML research analysts Amish Shah and Sriharsh Singh.
Bank holiday 2018: 5 days of continuous break coming this week, ATMs to run dry? Full list and more here
Mon, Mar 26, 2018
The banks will be closed on Thursday and Friday owing to Mahaveer Jayanthi and Good Friday. Saturday will remain open since it is the fifth Saturday of the month. Banks are only closed on second and fourth Saturdays.
No continuous holidays for banks
Mon, Mar 26, 2018
D. Thomas Franco Rajendra Dev, General Secretary of the All India Bank Officers Confederation said banks will be closed on Thursday and Friday owing to Mahaveer Jayanthi and Good Friday. Saturday will remain open since it is the fifth Saturday of the month. Banks are only closed on second and fourth Saturdays.
Education loans the newest asset class in securitisation mart
Fri, Mar 23, 2018
In February this year, Crisil had rated the country's first personal loan/cash loan securitisation transaction in almost a decade and early this month it rated the PTCs backed by receivables from consumer durable loans. Earlier this month, Crisil also rated on the country's first education PTC by Vivriti Victor Trust originated by Avanse Financial Services.
Banking crisis in India: S&P has this to say about turnaround
Wed, Mar 21, 2018
Banking crisis in India: In a report titled 'Will the global economic recovery lift banks in major emerging markets', S&P said government has taken steps by splitting the post of Chairman and Managing Director but more concrete steps would be needed to reform the banks and strengthen their internal control systems.
In big crackdown, Centre orders banks to 'name and shame' wilful defaulters
Tue, Mar 13, 2018
Fixed deposit, saving account interest rates: Earn big through flexi bank account, here is how
Mon, Feb 26, 2018
A flexi bank account gives you higher interest rate benefit of a fixed deposits and liquidity of a saving account, in other words, it operates as the best-of-both-worlds for customers.