Banks general
Banks flush with funds as 2-day deposits top Rs60,000 crore
12 Nov 2016
Although much of the deposits will flow back into circulation, bankers expect a sustained reduction in the use of cash following the demonetisation, which in turn will put a downward pressure on deposit and lending rates
Banks to remain open on 12, 13 November
09 Nov 2016
RBI said banks will work an extra two hours on 10 and 11 November to help customers queuing up to deposit their 500 and 1,000 rupee notes and that the new notes of Rs2,000 and Rs500 denominations will be available from 11 November
All existing Rs500 and Rs1,000 notes denotified
09 Nov 2016
Rupee notes of 500 and 1,000 denominations will be accepted against most essential goods and services in the interim while all notes of Rs100, Rs50, Rs10, Rs5, Rs2 and Re1 will remain legal tender
Three senators write to Wells Fargo chief over hundreds of termination notices in five years
05 Nov 2016
Vijay Mallya has Rs16,440 in hand and Rs12.6-cr frozen deposits
26 Oct 2016
Mallya did not explain where the $40 million he received in February this year as part of $75 million settlement agreed with Diageo has gone
PSUs to manage PSB’s stressed assets
25 Oct 2016
ICICI, Axis, StanChart get back $2.5 bn of Essar loans
22 Oct 2016
ICICI Bank and Axis Bank, which together have an exposure of $1.5 billion in the Ruias-led group, got back $450 million while StanChart with a higher exposure of $3.3 billion received $2.1 billion in cash
Over 6.5 million debit cards affected by data breach, say police
22 Oct 2016
While most banks blame a payment service provider that manages the ATM network of Yes Bank for the security breach, some reports say certain cards have been used fraudulently abroad, including in China
SBI blocks 6 lakh debit cards over security breach
20 Oct 2016
State Bank of India has blocked six lakh debit cards following a security breach that occurred in a non-SBI ATM network and will replace these with new ones
Kamath calls for BRICS ratings agency to escape the clutches of Big 3
17 Oct 2016
New Development Bank president K V Kamath has mooted a BRICS-backed credit rating agency since the methodologies of the Big 3 global agencies constrain growth in emerging nations
Goldman Sachs launches personal loan service for small customers
15 Oct 2016
Consumers can take an unsecured no-fee, no-frills loan up to $30,000 for two to six years, at fixed interest rates depending on their credit score, history, and the tenure
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