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FICOs survey found that 40 percent of respondents said digital-only banks and fintechs were the greatest competition to their business. (Photo: Pixabay)

3 in 5 APAC banks do not have full digital account opening for new...

60 percent of Asia Pacific (APAC) banks surveyed either have no digital onboarding process for new customers.

7 Jun 2019 3:09 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

RBI cuts interest rates to 9-yr low, expects banks to quickly lower...

The reduction in interest rate will help boost credit growth, helping arrest the slowdown in the economy

6 Jun 2019 2:02 PM IST

Centre could look at creating a scaffolding by distancing itself from management of banks through the creation of a Bank Holding Company which could assume the entire government stake in banks.

Banks see whopping 73 per cent spike in frauds at Rs 71,543 cr in FY19

Banks, on an average, report fraud loss of Rs 35,000 crore every year.

5 July 2019 9:39 AM IST

The Nirav Modi fraud-hit Punjab National Bank (PNB) led the pack with the largest amount of NPAs worth Rs 86,620 crore during 2017-18.

Board to soon consider amalgamation with OBC, United Bank: PNB

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.

31 Aug 2019 2:14 PM IST

As many as 1,328 cases (Rs 6 crore) related to ATM/Debit Cards, and 18 cases (Rs 1 crore) involving internet banking were reported during the period.

RBI asks banks to extend PoS cash withdrawal facility

The RBI has reiterated the instructions with a view to provide for cash withdrawals at PoS by card-holders.

30 Aug 2019 10:20 AM IST

The credit cost for the banking sector, which was 4.8 per cent in Q4FY18, has reduced to 2.75 per cent to 3 per cent in Q4FY19, going by the bank results declared so far.

Banks report reduction in NPA; seek steps to address stress in NBFCs:...

Participating banks suggested that government should simplify GST framework and lower GST rates to enhance tax...

13 Aug 2019 6:35 PM IST

Defending the banks in this issue, a senior official, however, claimed that the quick mortality rate on Mudra loans has come down drastically after strict norms issued by the RBI and the ministry of finance.(Representational image)

Will RBI repo rate cut benefits be passed on to you by banks?

Banks reduced their weighted average lending rates on fresh rupee loans by 0.29 pc amid the current easing stage so far.

8 Aug 2019 12:43 PM IST

A priest held prayers in the defence ministers chamber before Nirmala Sitharaman assumed charge. (Photo: Twitter | ANI)

There will not be single job loss due to merger of banks: FM

I have very clearly underlined the fact that there shall not be one employee removed, said Finance Minister Nirmala...

1 Sept 2019 4:55 PM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Deposit insurance hike: RBI says not to hit banks balance-sheets

The budget allowed the Deposit Insurance and Credit Guarantee Corporation to raise deposit insurance coverage to Rs 5...

7 Feb 2020 11:11 AM IST

Satish Marathe, a member of RBIs central board. (Photo- Social media)

Stimulus package fails to involve banks as frontline warriors, says...

He said the three-month moratorium offered for loan repayments announced by Reserve Bank of India is "not enough"

20 May 2020 12:41 PM IST

Bank employee unions presses again for 5-day working week. (PTI Photo)

Bank employee unions demand 5-day working week, says COVID threat is...

The Indian Banks' Association in January rejected the proposal for a five-day working week but offered a 19 percent pay...

20 July 2020 9:57 AM IST

The newly-issued Rs 2000 notes. (Photo: PTI)

AA Edit | Farewell Rs 2,000 note: Few will regret your departure

The Reserve Bank of India has now decided the party is over for the pink slip

22 May 2023 12:15 AM IST