Banks general
SBI makes ATM withdrawals costly, hikes minimum balance charges
01 Oct 2019
While the normal ATM withdrawal limit is two, for savings bank accounts with an average minimum balance between Rs25,000 and Rs50,000, there will be 10 free cash withdrawal transactions in a month, beyond which each transaction will be charged Rs50 (plus GST) irrespective of the AMB
RBI yet to explain its move against PMC Bank
25 Sep 2019
RBI-appointed officer JB Bhoria is currently overseeing the working of PMC Bank, although it is unclear whether RBI has taken over management of the bank or is merely overseeing in the interim ahead of loosening these restrictions
ICICI Bank to add 450 branches this fiscal
24 Sep 2019
Rana Kapoor sells 2.3% stake in YES Bank
23 Sep 2019
ECGC raises insurance cover for banks’ export credit to 90%
17 Sep 2019
Enhanced insurance cover will ensure that foreign and rupee export credit interest rates will be below 4 per cent and 8 per cent, respectively, for exporters
RBI opens taps, enables banks to lend more to consumers
13 Sep 2019
Besides reducing the risk weight for banks’ consumer loans and personal loans to 100 per cent from 125 per cent, RBI also raised bank’s exposure limit to a single NBFC from 15 per cent to 20 per cent of its Tier-I capital
Rana Kapoor in talks to sell Yes Bank stake to Paytm
10 Sep 2019
The deal, however, is yet to finalised as Paytm owner Sharma is still evaluating the pros and cons of the deal, which involves a lot of complexities, including promoter ownership shareholding as also regulatory challenges
SBI cuts FD rates by 20-25 bps effective 10 Sept
09 Sep 2019
18 PSBs take nearly Rs32,000 cr hit in 2,480 fraud cases in Q1
09 Sep 2019
RTI queries by Neemuch-based Chandrashekhar Gaur and Pune-based Vihar Durve have revealed that State Bank of India, the country’s largest lender, also topped the list with 1,197 cases involving Rs12,012.77 crore in fraudulent transactions in fiscal first quarter – a 38 per cent share of the total
Retail, MSME loans to be cheaper with external benchmark
05 Sep 2019
RBI has directed banks to link retail and MSME loans to an external benchmark such as repo rate, treasury bill yield or any other benchmark interest rate published by the Financial Benchmarks India Private Ltd, beginning 1 October
NCLAT allows promoters of insolvent Sterling Biotech to regain control
05 Sep 2019
For regaining control of the firm under liquidation, the NCLAT said promoters of companies facing bankruptcy proceedings must make full payment to lenders
Repositioning PSBs for a $5 trillion economy
03 Sep 2019
RBI weighs linking all new loans to RBI’s policy rates
19 Aug 2019
RBI has kept the external benchmark (lending rate) in abeyance because it wanted to see how the market evolved, RBI governor Shaktikanta Das said, adding that while the banks have responded, the process needs to be faster
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