PSU banks disburse Rs 2.52 lakh crore loans in October

The government in September had asked state-run banks to step up lending and hold outreach programmes or loans melas in 400 districts to lend to desirable shadow banks and retail borrowers.An amount of Rs 1.

Banks brace for DHFL, telecom woes

With some respite after the curtains were drawn on the Essar Steel case, banks are still not breathing easy.Troubled Airtel and Vodafone-Idea posted record losses after the AGR ruling, which might keep profits of banks under check.

After School Shooting, Bill Focuses on Banks and Guns

Students and parents embrace after a shooting Thursday at Saugus High School in Santa Clarita, Calif.)A bill to enlist banks in the fight against gun crimeA day after two students were killed at a school in Santa Clarita, Calif.

Co-op banks’ body proposes Rs 5 lakh cover for deposits, risk-based premium

In a letter to FM Nirmala Sitharaman, representatives of Sahakar Bharati, which is associated with more than 20,000 co-operatives across India, have suggested raising the deposit insurance limit for individual account holders to Rs 5 lakh from Rs.Mumbai: The largest NGO in the cooperative sector has proposed a higher insurance cover for bank deposits and a migration to a risk-based premium model, after giving banks at least three years to prepare themselves.

Banks may be given incentive to extend loans in backward areas: RBI Dy Guv MK Jain

BCCLTo a certain extent, the deputy governor said such regional disparity is on account of variation in credit absorbtion capacity of these regions.RBI Deputy Governor MK Jain on Wednesday made a case for incentivising banks to extend loans to poor in backward areas in a bid to promote financial inclusion.

Non-Performing Assets: Are millennials spawning next wave of NPA piles for banks?

The number of millennials, opting for a new loan grew 58 per cent as against a 14 per cent growth in the non-millennial segment, a study by credit bureau TransUnion- Cibil said on Tuesday.The number of millennials, - those born after 1980 - opting for a new loan grew 58 per cent as against a 14 per cent growth in the non-millennial segment, a study by credit bureau TransUnion- Cibil said on Tuesday.

CAIT demands high-level enquiry by govt to probe 'unholy nexus' of e-commerce companies, banks

Praveen Khandelwal, Secretary General of the Confederation of All India Traders (CAIT) also urged Prime Minister Narendra Modi to constitute a Group of Ministers (GoM) to look into the alleged distortions, both in the e-commerce and brick & mortar.58 PM ISTBCCLIt also criticised the banks giving cash back and various types of discounts for purchasing goods from e-commerce portals by making payments through their respective credit/debit cards.

Quantum Computing Holds Promise for Banks, Executives Say

—When quantum computing hits the market, the financial-services industry could be the first to benefit, a

Goldman Sachs Group Inc.First, no one is sure exactly how quantum computing could transform finance.

Banks to take 55% haircut on Coastal Energen’s debt of Rs 6,500 crore

A 55% haircut works out to an upfront cash payment of Rs 2,925 crore, whic.41 AM ISTBCCLCoastal Energen is the flagship power generating firm of Ahmed Buhari-held Coal and Oil Group.

Baby steps before leap: Global banks, now sense a new vista — regional trade

The spectacular US-China trade standoff threatens to alter the relationship between two of the world’s largest economies, redraw trading boundaries and open global trade to new opportunities.Bankers say that these changes could provide opportunities for countries like India, which are large and growing.

Women Are Missing at Central Banks

ImageChristine Lagarde will become the European Central Bank’s first female president next month — but she will be the only woman on the bank’s 25-member Governing Council.ETFRANKFURT — The European Central Bank might seem an unlikely place to hold a conference on gender equality.

DHFL exposure: RBI rejects banks’ ‘Trust’ proposal

Ltd (DHFL), said two people aware of the development.If nonconvertible debentures (NCDs) are included, banks have an exposure of around Rs 47,000 crore to DHFL.

Indian Banks Association elects Rajnish Kumar as chairman

BankingStock Analysis, IPO, Mutual Funds, Bonds & MoreSBI's head Rajnish Kumar has been elected as the chairman of Indian Banks Association for fiscal 2019-20.44 PM ISTBCCLSBI's head Rajnish KumarSBI's head Rajnish Kumar has been elected as the chairman of the banking industry lobby Indian Banks Association for fiscal 2019-20.

State-run banks disburse Rs 81,700 crore through 'loan melas'

49 PM ISTAgenciesThe demand in the camps was robust and the secretary said that all the PSBs are maintaining their regulatory capital levels.The 'loan mela' was one of the ways in which the government wanted to boost demand in the economy which has been facing slowdown.

RBI Central Board discusses regulatory framework of co-op banks amid PMC Bank scam

The meeting of the central board, held in Chandigarh, came a day after Finance Minister Nirmala Sitharaman announced setting up of a panel to recommend legislative changes to ensure better governance at cooperative banks.45 PM ISTAgenciesThe board, chaired by RBI Governor Shaktikanta Das, also discussed the role of payments banks and small finance banks in enhancing financial inclusion.

Amazon, Walmart will help save India’s banks

By Andy Mukherjee

A common refrain you hear in India is, “There’s no credit in the market.’s Flipkart Online Services Pvt claimed record sales during the recently concluded six-day online shopping bonanza that marks the start of the Indian festival season.

Nirmala Sitharaman: Finance Minister Sitharaman to meet CEOs of PSU banks on Oct 14

The meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said.19 PM ISTPTINEW DELHI: Finance minister Nirmala Sitharaman will meet heads of public sector banks (PSBs) on October 14 to take stock of the recent measures to push credit and revive growth before the festive season.

Banks start linking loans to customers’ risk profile

The cost of financing for those falling in the middle, with credit scores between 725 and 759, will be 8.In the future, credit scores through the life of a loan will be as important as those recorded at its approval.

$63 billion of zombie buildings sound warning for Indian banks

There are $63 billion of stalled residential projects across the country, according to Anarock Property Consultants, and their developers have become locked in a downward spiral with shadow banks.Prices fall, causing more real estate loans to turn sour, pushing more shadow banks toward default.

Hemp CFO’s Quest: Educate Banks, Auditors on the Benefits of CBD


Vertical Wellness

Many people struggle to differentiate between CBD and THC, which forces Mr.“What they all agree on though is that this is an interesting space that they want to get into,” said Mr.