Banks general

Cabinet approves MoU between Exim Bank and New Development Bank for trade development

14 Oct 2016

Fake accounts scandal forces Wells Fargo chief John Stumpf to step down

14 Oct 2016

ICICI Bank and Emirates NDB execute India’s first blockchain transaction

ICICI Bank and Emirates NDB execute India’s first blockchain transaction

13 Oct 2016

Blockchain, which is an electronic transaction-processing and record-keeping system, allows all parties to track information through a secure network

Bank credit to industry grows at minus 0.2% in August

Bank credit to industry grows at minus 0.2% in August

12 Oct 2016

The steady decline in bank credit to industry can be attributed to rising non-recovery of bank loans and pressure on banks to clean their books of non-performing assets

Singapore shuts Falcon Bank unit over money-laundering

Singapore shuts Falcon Bank unit over money-laundering

12 Oct 2016

Singapore's central bank on Tuesday also slapped penalties on DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB

Government looking at merger of two big PSU banks: report

Government looking at merger of two big PSU banks: report

12 Oct 2016

The near-term target is a merger of Bank of Baroda and Bank of India, which will then take over a smaller and weaker bank, a Reuters report quoted Bank Board Bureau chief Vinod Rai as saying

Indian banks’ bad loans mount to over Rs9,00,000 cr in June

Indian banks’ bad loans mount to over Rs9,00,000 cr in June

12 Oct 2016

While bank NPAs grew 15 per cent between 1 January and 30 June 2016, the value of the assets held as collateral has been eroding, making it difficult to remedy the bad loan problem

Citigroup to sell Argentinean consumer business to Banco Santander Rio

10 Oct 2016

Citigroup to sell consumer banking assets in Brazil to Itaú Unibanco

10 Oct 2016

Banks to remain closed for 5 straight days from 8 to 12 October

08 Oct 2016

Four PSU banks follow RBI cue, cut base lending rates

06 Oct 2016

RBI loosens classification norms for banks’ stressed assets

RBI loosens classification norms for banks’ stressed assets

05 Oct 2016

Under this scheme, loans that companies find difficult to service can be restructured, providing for a longer repayment tenure, or waiving off a part of the debt so that companies are able to service their debt

Barclays to sell Egyptian operations to Morocco’s Attijariwafa Bank for $500 mn

05 Oct 2016

MPC cuts RBI policy rate by 25 bps to 6.25%

MPC cuts RBI policy rate by 25 bps to 6.25%

04 Oct 2016

The MPC's decision to cut the policy repo rate comes despite a still-firm consumer price inflation in August when headline inflation stood at 5.05 per cent for the second month

Centre constitutes Insolvency and Bankruptcy Board of India

Centre constitutes Insolvency and Bankruptcy Board of India

03 Oct 2016

Under the new law, creditors and shareholders would have powers to initiate a winding up process through the  Insolvency and Bankruptcy Board  at the first sign of financial stress such as serious default in repayment

Kotak Mahindra Bank to buy Karnataka-focused BSS Microfinance

01 Oct 2016

RBI to announce Monetary Policy Committee’s decision at 2.30 pm on 4 Oct

30 Sep 2016

Commerzbank to cut 9,600 jobs, suspend dividend payment

30 Sep 2016

Cheque bounce case: Kingfisher ex-CFO gets 18 months jail

23 Sep 2016

ANZ settles dispute with Indian business couple Oswals for A$111 million

22 Sep 2016

China’s credit binge could lead to banking crisis: watchdog

China’s credit binge could lead to banking crisis: watchdog

19 Sep 2016

China’s huge credit binge has increased the risk of a banking crisis in the world’s second biggest economy in the next three years, says the Bank for International Settlements

US asks Deutsche Bank to pay $14bn to settle mortgage probe

US asks Deutsche Bank to pay $14bn to settle mortgage probe

16 Sep 2016

Deutsche Bank has said it not accept any potential civil claims that are even approximately equal to the claimed amount

Equitas Small Finance Bank commences operations

15 Sep 2016

Banks seek guarantees from Anil Ambani for loans to Reliance Defence

14 Sep 2016

Key investors to cover 72% of China Postal Savings Bank’s $8.1 billion IPO

13 Sep 2016

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