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Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan

Banks can't get 'blanket relief' from CBI, CVC actions: Raghuram Rajan

Amid a clamour among bankers for immunity from action by agencies like CBI and CVC, Reserve Bank Governor Raghuram Rajan has disapproved of any "blanket sort of relief" but wants the decisions on loans given after appropriate due diligence to be protected.

Banks move SC seeking contempt action against Vijay Mallya; hearing on July 18

Banks move SC seeking contempt action against Vijay Mallya; hearing on July 18

A bench comprising Justices Kurian Joseph and R F Nariman agreed to hear the fresh interim application of banks on July 18 after Attorney General Mukul Rohatgi mentioned it for urgent hearing.

Sensex edges up; investors turn cautious ahead of quarterly results

Sensex edges up; investors turn cautious ahead of quarterly results

Indian shares rose marginally on Thursday after falling earlier in the session as investors remained watchful ahead of quarterly corporate results and an expected government announcement on who would take over as the country`s next central bank chief.

India's banking faces stress due to 'stalling' in 2011-13: SBI

India's banking faces stress due to 'stalling' in 2011-13: SBI

India's banking sector currently faces some stress mainly due to "stalling" of projects between 2011-2013 and efforts are being made to ensure the "de-bottlenecking" of these projects, SBI Chairman Arundhati Bhattacharya said.

Got fake currency notes from ATM? Here is what you should do

Got fake currency notes from ATM? Here is what you should do

You must ask him about the whereabouts of register where you can record the number of faulty currency notes, transaction ID, date and timings of the transaction.

Now, Lexit: London wants to stay with EU, says petition

Now, Lexit: London wants to stay with EU, says petition

 Will Brexit threaten London's long-booming economy? The British capital fears investors and bankers could flee the city after the shock nationwide vote, threatening its coveted reputation as a global financial hub.

'Bank mergers likely to happen after SBI consolidation'

'Bank mergers likely to happen after SBI consolidation'

Consolidation among public sector banks (PSBs) is expected to happen only after the completion of merger between SBI and its associates, a senior finance ministry official said.

Reconsider decision on merger of SBI associates: Bank Union

Reconsider decision on merger of SBI associates: Bank Union

A bank employees' union on Saturday urged the Centre to reconsider its decision on merging SBI associate banks with the parent State Bank of India.

Loan dues can be recovered from debtor's savings account: Madras High Court

Loan dues can be recovered from debtor's savings account: Madras High Court

If a debtor failed to settle the loan dues despite reminders from the bank, then the money could be recovered from his savings bank account, ruled the Madras High Court bench here on Saturday.

With loads of gold, Tirupati looks for banks with high rates

With loads of gold, Tirupati looks for banks with high rates

The management of Tirupati Balaji Temple in Andhra Pradesh has said it will look for banks that offer highest interest rates for its gold available for investment.

Banks hit as Wall Street sinks amid Brexit worries

Wall Street tumbled a fourth straight day Tuesday as mounting worries over Britain`s coming Brexit vote hit especially shares of big banks.

Tata Communications installs 8,000 ATM units across the country

Tata Communications today said its white label automated teller machines (ATM) arm has put 8,000 units across 4,600 towns of 20 states in the country till now.

Vijay Mallya case: DRT advises banks to coordinate recovery of Rs 2000 crore

Vijay Mallya case: DRT advises banks to coordinate recovery of Rs 2000 crore

The Debt Recovery Tribunal Tuesday advised SBI-led consortium of banks in Vijay Mallya case to make coordinated efforts among themselves to recover around Rs 2000 crore parked in courts in the country and reduce losses to the tune of over Rs 9000 core incurred by the banks.

To tackle bad loans, RBI proposes formation of dual funds by banks

To tackle bad loans, RBI proposes formation of dual funds by banks

In order to tackle the burning problem of sticky loans and debt-heavy companies, Reserve Bank of India (RBI) has proposed formation of dual funds by banks which may help in solving the tricky situation.

Read to know how much interest these private banks offer on savings accounts!

Read to know how much interest these private banks offer on savings accounts!

Read to know how much interest these private banks offer on savings accounts!

Govt's solution for bad loans: Merge state-owned banks to 6 from 27

Govt's solution for bad loans: Merge state-owned banks to 6 from 27

Vinod Rai, a 68-year-old former auditor general of India, said consolidation has already begun with State Bank of India`s move to absorb five subsidiaries and Bharatiya Mahila Bank, a bank for women set up in 2013.

India Post payments bank will be functional by March 2017: Ravi Shankar Prasad

India Post payments bank will be functional by March 2017: Ravi Shankar Prasad

India Post's payments bank will start functioning from March 2017 and serve as a wider platform to implement financial inclusion programmes, IT & Communications Minister Ravi Shankar Prasad said Sunday.

What to do when ATM transaction fails, but amount gets debited from account?

What to do when ATM transaction fails, but amount gets debited from account?

As per RBI guidelines, in case of non-disbursal of cash from the ATM of your bank or any other contact nearest branch of bank where you have account.

SBI associate banks staff goes on strike today against merger

SBI associate banks staff goes on strike today against merger

A section of employees of five associate banks of SBI went to on strike Friday against their proposed merger with parent.

HDFC Bank seeks nod to up authorised share capital to Rs 650 crore

HDFC Bank seeks nod to up authorised share capital to Rs 650 crore

HDFC Bank Thursday said it will seek shareholders' approval to hike the authorised share capital of the bank to Rs 650 crore.