Search For "banks"
Free banking services not to be discontinued: Centre
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 10 (ANI): Financial Services Secretary Rajeev Kumar on Wednesday clarified that the Government of India has no proposal to discontinue free banking services from January 20 and asked people not to pay heed to 'baseless rumours'.
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Resilience of banking system being tested: Jaitley
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 6 (ANI): Union Finance Minister Arun Jaitley on Saturday stated that amid the rising challenges emerging before banks in the present day, the resilience of the banking system is undergoing a test.
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Fatwa bans Muslim women from marrying into families of bank employees
Updated : 8 years, 2 months ago IST
Saharanpur (Uttar Pradesh) [India], Jan. 05 (ANI): The largest seminary in the country, Darul Uloom Deoband, has issued a fatwa asking Muslim women to not marry into a family whose members work in banks, citing that the income from banking jobs is considered 'haram' (forbidden) earnings.<
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Govt tables demand for Rs 80K grant towards PSB recap
Updated : 8 years, 2 months ago IST
New Delhi [India], Jan 4 (ANI): The Centre on Thursday presented a demand for additional expenditure towards a previously announced bank recapitalisation plan for public sector banks, to the tune of Rs 80,000 crore.
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Commercial, cooperative banks to be treated 'at par', asserts Jaitley
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 29 (ANI): Union Finance Minister Arun Jaitley on Friday said no income tax exemption would be provided to profit-making cooperative banks, adding that they should be treated at par with commercial banks, owing to their method of functioning.
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SEBI allows listing of security receipts by ARC
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 28 (ANI): The Securities and Exchange Board of India (SEBI) on Thursday allowed the listing of security receipts on stock exchanges by the Asset Reconstruction Company (ARC), a move that could help banks to resolve the Non Performing Assets (NPA) issue.
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Finance Ministry to issue recapitalisation bonds to PSBs in Jan
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 26 (ANI): The Ministry of Finance is likely to issue the first tranche of recapitalisation bonds to public sector banks (PSB) in early January, official sources from the ministry have confirmed.
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Rising NPA in education loan propelling banks' stress
Updated : 8 years, 2 months ago IST
New Delhi [India], Dec 26 (ANI): Amid the ongoing crisis caused by increasing Non-Performing Assets (NPAs) in the banking sector, default payment in education loans is adding on to this, the data released by the Indian Banks' Association (IBA) revealed.
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No question of closing down any bank, says DFS Secretary
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 22 (ANI): There is no question of closing down any bank, rather the government is looking to strengthen the Public Sector Banks (PSB), Rajeev Kumar, Secretary Department of Financial Services (DFS), Ministry of Finance said on Friday.
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PCA framework not intended to constrain normal banking operations, says RB
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 22 (ANI): The Reserve Bank of India (RBI) on Friday clarified that the Prompt Corrective Action (PCA) framework is not intended to constrain normal operations of the banks for the general public.
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Wishfin launches India's first loan application product offering free CIBI
Updated : 8 years, 3 months ago IST
Noida (Uttar Pradesh) [India], Dec 22 (ANI-NewsVoir): Wishfin has launched India's first loan application product that offers free CIBIL score in addition to a choice of products from 40 partner banks.
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Phonon's Chatbot to help banks, insurers, telecom companies with Aadhaar l
Updated : 8 years, 3 months ago IST
Gurugram (Haryana) [India], Dec 19 (ANI-BusinessWire India): Phonon Communications, provider of India's largest loan bot, announced the launch of a new chatbot with Aadhaar validation capabilities. "Aadhaar Bot" is an AI-powered (Artificial Intelligence) chatbot which can be integrated with
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