CSB’s gold loan portfolio has increased 61.05% y-o-y during the last quarter to touch Rs 6,121.34 crore. CSB Bank’s gold loan portfolio has slowed down in the fourth quarter while …
banks
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Actor-director Elizabeth Banks will next tackle thriller Cocaine Bear for Universal. According to The Hollywood Reporter, Banks will direct the project with filmmaker duo Phil Lord and Chris Miller serving …
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FY21 has turned out to be one of the most unpredictable year for everyone. Equity markets worldwide have seen a major rally. During FY21, Nifty-50 returns of 71% outperformed the …
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The step completes the government’s capital infusion of Rs 20,000 crore in public sector banks for the current financial year. Government had earlier infused Rs 5,500 crore in Punjab and …
- Finance
Payment System: Innovations like BNPL via POS have led to greater collaboration between fintechs, banks, NBFCs & payment networks
POS devices are fast evolving and coming to some exciting everyday uses, and helping merchants manage their store operations efficiently. By Nitish Asthana For India’s small and medium-sized businesses, cash …
- Finance
Banks write to RBI seeking extension of deadline for repayment of interest on working cap loans
According to him, the occurrence of frauds, which resulted in high NPAs, has also witnessed a sharp decline as a result of steps taken by the government. By Ankur Mishra …
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“Moratorium has delayed the stress in these segments where delinquencies have not yet stabilised, and higher loan losses are expected to materialise in FY22,” the agency said in a report. …
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Shares of Nomura tanked 16% in Tokyo while those of Credit Suisse were down 13.8%. (Image: REUTERS) Wall Street could be staring at a major blunder as major brokers including …
- Finance
Banks closed for up to 10 days in various states in April 2021; check complete list of holidays
According to the Reserve Bank of India (RBI), most states will observe holidays on Good Friday, Dr. Babasaheb Ambedkar Jayanti and Ram Navami. Image: Reuters Banks in India will remain …
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters The woes that arose from Archegos Capital …
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NEW DELHI: The State Bank of India (SBI) has extended the special fixed deposit scheme for senior citizens till 30 June. The scheme was set to lapse on 31 March. …
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Wall Street’s main indexes fell on Monday after a surge in the previous session, as global banks said they faced potential losses of billion of dollars from a hedge fund’s …
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(Bloomberg) — Nomura Holdings Inc. and Credit Suisse Group AG both plunged more than 15% after saying they may face “significant” losses, as some of the world’s biggest banks tally …
- Finance
Banks closed for 7 days out of 9 from March 27; check full list of holidays during Mar 27-Apr 4
According to the Reserve Bank of India (RBI), these holidays may differ from state to state and be different in various banks. All banks in India will remain closed for …
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According to Emkay, bankers believe that the interest waiver relief should be extended only to small retail and enterprise borrowers, who are most affected by the pandemic, and not to …
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NEW DELHI : The government is unlikely to take zero-coupon bond route to further recapitalise public sector banks after the Reserve Bank expressed some concerns in this regard, sources said. …
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“This demonstrates the need for scalability of systems and platforms in such a way that it can be easily scaled up, not ‘incremental scalability, but ‘exponential scalability’,” the governor said. …
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Ace investor Rakesh Jhunjhunwala said on Thursday that he believes that public sector banks (PSBs) are “hopelessly undervalued”, and he sees a “very big commodity bull run” in commodities. Opportunity …
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As a result, it falls to the banks to ensure the success and security of digital payment transactions. Banks have started asking non-bank partners to upgrade their information technology (IT) …
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In reply to a question raised by a member of the Lok Sabha, minister of state for finance Anurag Singh Thakur on Monday released data on retail stressed assets in …
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The United Forum of Bank Unions (UFBU), the apex body of nine organisations of bank employees, has announced a two-day nation-wide strike on March 15 and March 16 to protest …
- Finance
Bank branches closed for next 4 days; SBI, other PSU banks may get hit as unions strike on March 15-16
About 10 lakh bank employees and officers of the banks will participate in this two-day strike Bank branches may remain closed for the next four days, including a two-day weekend …
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Netflix’s Outer Banks is coming back for another season. We break down everything you want to learn about the upcoming batch of episodes. The teen drama Outer Banks took Netflix …
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State Bank of India (SBI) wrote off loans worth Rs 9,986 crore during Q3FY21. A clutch of banks have together written off loans worth Rs 25,539 crore in the December …
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A bitcoin ATM is seen inside the Big Apple Tobacco Shop on February 08, 2021 in New York. Michael M. Santiago | Getty Images Pressure is building on Wall Street …
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LONDON — Central banks are accelerating their work on digital currencies and investors are taking note. Earlier this year, the Bank of International Settlements published its latest survey showing that …