Banks
- Politics
Congress slams Centre over privatisation of banks
New Delhi: The Congress on Friday hit out at the Modi government over its policy of privatising banks and said the Reserve Bank of India’s latest report has warned against further reduction…
- India
Banks hike deposit rates ahead of festive season
Mumbai: Most banks are increasing their deposit rates for boosting deposit to support rising credit off-take as liquidity in the banking system has narrowed. The hike in deposit rates are in line…
- India
Banks write off about Rs 10 lakh crore in last five financial years
New Delhi: A recent Parliament reply disclosed that scheduled commercial banks have written off loans worth about Rs 10 lakh crore in the last five financial years. According to a reply by…
- Technology
Banks to spend additional $31 bn on AI to reduce frauds
New Delhi: Banks worldwide are expected to spend an additional $31 billion on artificial intelligence (AI) embedded in existing systems by 2025 to reduce fraud, according to a report. Similarly for banking…
- World
China deploys tanks to prevent people from withdrawing money from crisis-hit banks
Zhengzhou: In a grim reminder of the 1989 Tiananmen Square Massacre, armoured tanks were seen deployed on the streets of China amidst large-scale protests by people demanding the release of their savings…
- India
Congress accuses BJP of receiving multi-crore donations from scam-hit DHFL
New Delhi: The Congress on Saturday accused the BJP of having accepted donations of crores of rupees from the promoters and associated companies of the fraud-hit DHFL and asked whether there was…
- Jobs
IBPS issues notification to fill up various posts in 43 banks
New Delhi: Institute of Banking Personnel Selection (IBPS) has invited applications to fill up the posts of Officer Scale-III (Senior Manager), Officer Scale-II Specialist Officer (Manager), Officer Scale-II General Banking Officer (Manager),…
- Business
StrideOne raises Rs 250 cr to help startups meet financing needs
New Delhi: Financial services platform for startups StrideOne on Tuesday said it has raised Rs 250 crore via a mix of equity (led by Elevar Equity) and debt from banks. StrideOne, founded…
- India
Banks to introduce cardless cash withdrawal at ATMs – Know how it works
New Delhi: Reserve Bank of India (RBI) recently asked banks and ATM operators to provide an option of cardless cash withdrawals at all ATMs across the country. Once it is introduced, bank…
- Telangana
Telangana: Banks to remain closed for eight days in May
Hyderabad: Banks across Telangana will remain closed for eight days along with five Sundays during the month of May. Here is a list of Bank holidays in Telangana for the month of…
- India
Banks on 2-day strike from Monday
New Delhi: The banks will observe a nationwide strike on Monday (March 28) and Tuesday (March 29) to protest against the Banking Laws (Amendment) Bill, 2021, and oppose the privatisation of public…
- India
First Covid and now Ukraine, global markets reel under blow after blow
New Delhi: The only positive consequence of a continuing conflict in Ukraine from a market standpoint is that the longer it goes the more likely it is to temper the recently conceived…
- World
Could the Ukraine invasion spark a global financial crisis?
By Nasir Aminu, Senior Lecturer in Economics and Finance, Cardiff Metropolitan University Cardiff: The Russian assault on Kyiv and other Ukrainian cities has intensified uncertainty in the world economy. To condemn Putin’s…
- Bangalore
‘Day-light robbery’, Siddaramaiah slams disinvestment of banks
Bengaluru: Karnataka Opposition leader Siddaramaiah on Thursday wrote to Prime Minister Narendra Modi, strongly objecting to the proposal to sell public sector banks as part of disinvestment programme. “The hurry to disinvest…
- World
UK PM announces sanctions against five Russian banks
New Delhi: UK Prime Minister Boris Johnson on Tuesday announced sanctions against five Russian banks — Rossiya, IS Bank, General Bank, Promsvyazbank and the Black Sea Bank. He called it “the first…
