Wednesday, October 20, 2021
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Banks

Hyderabad-based CtrlS collaborates with HSBC OBC Life Insurance

The insurer aims to provide seamless customer experience round the clock to its customers and therefore has been investing in upgrading the entire technology landscape

Nationwide strike impacts banking services of PSU banks

However, branches of private sector lenders like ICICI Bank, HDFC Bank and Axis Bank are open as they are not part of the strike.

Seven merged banks to see cheque book changes from April 1

For the banks that got merged, - account number, IFSC, MICR code, branch address, cheque-book, passbooks will also undergo a change to represent the new entity.

Finance ministry to infuse Rs 14,500 cr in banks

Infusion will be made in the next few days, the sources said, adding the biggest beneficiary of this round of capital infusion would be the banks that are under the prompt corrective action

RBI to do annual assessment of banks’ grievances redressal system

The intensive review will include -- adequacy of the customer service and customer grievances redressal-related policies

Pandemic threatens to result in balance sheet impairments: RBI Guv

RBI Governor asked banks to exploit the current conditions to augment capital and also alter their business models, which will help in the future

Gross NPAs of banks may rise to 10.1-10.6% by March 2021: Icra

It, however, said net NPAs and credit provisions will subsequently trend lower in 2021-22 as banks have reported strong collections on their loan portfolio with most of them reporting collections of over 90 per cent.

IBM buys fintech firm Expertus to expand digital payment solutions

Founded in 2001, Expertus offers payment-as-a-service cloud solutions to banks, credit unions and enterprise players. Over $50 billion is processed through the Expertus platform daily.

Credit card inquiries in Oct: Transunion Cibil

It can be noted that the festivities, coupled with pent-up demand during the lockdown, had resulted in improvement in many economic indicators in October

Indian banks to see capital decline over two years: Moody’s

Moody's said the uncertain trajectory of asset quality is one of the biggest threats for emerging market banks, as operating conditions remain challenging

Interest on interest waiver: Banks start crediting accounts

RBI issued guidelines to return the interest back to the customers

Markets soar for 2nd day

"Key Indices ended high as bulls led the charge backed by financials and well supported by auto and pharma.

CII seeks changes in RBI directive on opening of current accounts

The CII suggested modifications to the circular to ensure that the RBI intent does not go in vain and operations of corporates and lending institutions can continue without much hurdles

Banking Regulation (Amendment) Bill introduced in Lok Sabha

Opposition members, including Shashi Tharoor of the Congress and Saugata Roy of the Trinamool Congress, opposed the bill, accusing the Centre of encroaching on the rights of states.

Banks to restructure Rs 10 lakh crore loans

Icra said the overall restructured portfolio will come at 5-8 per cent of the overall loans

Rupee falls 29 paise to 73.64 against US dollar in opening session

Forex traders said strengthening American currency and foreign fund outflows weighed on the local unit.

Spend on people, not corporates

Despite the massive concessions to business houses in recent times, our economy is in the doldrums

Rupee turns weaker against US dollar in opening session

At the interbank forex market, the Indian currency started off on a tepid note and went on to trade in a narrow band of 74.91-74.88 per US dollar.

Banks set to restructure up to Rs 8.4 lakh cr of loans

Over 60% of these loans susceptible to slip into becoming bad loans if not for the RBI's recast move

HR in banks remains critical

HR balance sheet, unlike financial, should have more on assets side than on liabilities for a globally competitive bank

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