At present DICGC insures each bank depositor upto Rs 1 lakh for both principal and interest.
20 Nov 2019 3:47 AM
The GNPA of private banks grew from Rs 185,027 crore during Q2FY19 to Rs 191,191 crore in Q2FY20 i.e. by 3.3 per cent.
20 Nov 2019 3:36 AM
The claims settled so far since 1962 is only Rs 5,120 crore and that too for the co-operative banks” added Venkatachalam.
19 Nov 2019 3:48 AM
Secured financial creditors will recover 92 per cent of their exposure of Rs 42,000 crore to Essar Steel.
19 Nov 2019 3:37 AM
The numbers highlighted the persistent structural slowdown in the economy and firmed expectation of further monetary easing by the RBI.
14 Nov 2019 4:23 AM
SFBs have made good progress on deposit mobilisation.
12 Nov 2019 2:39 AM
The new limits are against the customers and could also impact the livelihood of around 12,000 surveyors.
11 Nov 2019 2:37 AM
Insurers will not be allowed to promote products or services of any particular third party service provider.
09 Nov 2019 3:42 AM
The RBI this year had done away with charges on NEFT and RTGS transactions and asked banks to pass on the benefit to their customers.
09 Nov 2019 3:39 AM
Solvency ratio dips to 63% against norm of 150%.
08 Nov 2019 6:26 AM
The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit of Rs 50,000.
06 Nov 2019 1:25 AM
LIC’s insurance agents are pushing the existing products hard, asking customers to buy them before they close on November 30.
04 Nov 2019 1:49 AM
Among the retail products that would be closed are some of LIC’s best sellers such as Jeevan Anand, Jeevan Umang, Jeevan Lakshya and Jeevan Labh.
04 Nov 2019 1:03 AM
The development follows the RBI’s central board decision to create separate supervisory and regulatory cadre.
02 Nov 2019 1:29 AM
While the bank did not name the investor, according to reports, it was Hong Kong-based SPGP Holdings.
01 Nov 2019 1:56 AM
Growth in credit cards and personal loans significantly outpaced growth witnessed in auto loans, home loans and loans against property.
31 Oct 2019 12:53 AM
Asset quality improved sequentially as well as year-on-year.
26 Oct 2019 1:25 AM
The bank’s operating profit grew 45 per cent YoY to Rs 5,952 crore from Rs 4,094 crore in Q2FY19.
23 Oct 2019 2:45 AM
A bigger boost, however, is expected from regulatory interventions, say analysts.
22 Oct 2019 1:31 AM
Crop insurance had constituted 17 per cent of the total business last year.
19 Oct 2019 2:12 AM