Banks general
Banks raise Rs2,320 cr as fine on low balance accounts in Apr-November
02 Jan 2018
State Bank of India alone accounted for Rs1,771 crore, or more than half of the total Rs2,320-cr penalty that banks imposed on customers who failed to maintain minimum account balance
Bandhan Bank files IPO papers with Sebi
01 Jan 2018
Goldman to take $5bn hit from new tax regime, but gain ultimately
30 Dec 2017
As a result of the new tax changes introduced by President Trump, Goldman Sachs expects to report a loss for the last quarter of 2017, even though ultimately banks will be among the largest beneficiaries of the new tax code
IMF, World Bank call for tighter financial sector regulation in India
22 Dec 2017
Reserve Bank of India should be better equipped to pro-actively supervise banks and deal with issues related to bank boards, says an IMF-World Bank financial sector assessment report
RBI puts BoI, UBI under 'corrective action'
21 Dec 2017
Rs2,000 bank notes likely on way out, says SBI report
21 Dec 2017
A year after the high-value Rs2,000 bank notes replaced the demonetised Rs1,000 notes, the Reserve Bank is reported to be in the process of recalling the new notes, says a report
Airtel to return Rs190 cr gas subsidy in unauthorised accounts
19 Dec 2017
Both Airtel and Airtel Payments bank came under fire after Airtel allegedly opened accounts of its mobile phone subscribers without seeking their "informed consent", with LPG subsidy worth crores of rupees being deposited to these accounts
Airtel banned from e-KYC over opening unauthorised bank accounts
18 Dec 2017
The UIDAI suspended the e-KYC licence key of Bharti Airtel and Airtel Payment Bank after finding that Airtel was using the Aadhaar numbers given for SIM cards to open bank accounts without customers’ consent
Jaitley seeks to soothe depositors' concerns over FRDI Bill
12 Dec 2017
Finance Minister Arun Jaitley has categorically asserted for the third time in less than a week that depositors would be ''fully protected'' in the event of a bank failure, as he sought to allay mounting fears over a proposed 'bail-in' clause in a draft legislation on financial resolution
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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