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Preview: Banking-Banking/Finance-News By Industry-News-The Economic Times

Banking-Banking/Finance-Industry-The Economic Times

The Economic Times: Latest business, finance, markets, stocks, company news from India.

Last Build Date: Thu, 29 Sep 2016 06:54:26 GMT

Copyright: Copyright:(C)2016 Bennett Coleman & Co. Ltd,

ING Group NV to sell stake in Kotak Mahindra Bank via block deal

Wed, 28 Sep 2016 14:11:07 GMT

(image) A term sheet released on Wednesday said that the bank could sell up to 2.54% of shares out of the total 6.42% stake it holds in Kotak in a block trade.

GDP to bank credit growth link weakening due to alternatives: SS Mundra of RBI

Wed, 28 Sep 2016 14:04:13 GMT

(image) The total credit dispensed by the non-bank entities has increased to 37.4% in these two years, which is twice the pace of the 19.22% growth reported by banks.

Here's how banks fight over a loan defaulter 

Wed, 28 Sep 2016 13:56:47 GMT

(image) While IDFC Bank has moved courts to recover its Rs 200 crore dues, the state-owned lenders are pitching for a loan restructuring formula for Ruchi Soya.

PSBs asked to use NEIN database to check antecedents of economic offenders

Wed, 28 Sep 2016 02:32:55 GMT

(image) Public sector lenders have been asked to use the National Economic Intelligence Network (NEIN) database to check the antecedents of borrowers.

Citibank likely to shut down some India branches owing to less footfall

Tue, 27 Sep 2016 23:55:00 GMT

(image) Citibank plans to shut about 10 per cent of its branches or five out of its 44 branches nationwide, to target focus on large cities and wealthier clients in India

DRT asks banks to amend prayer in Indigo, GoAir case

Tue, 27 Sep 2016 17:49:21 GMT

(image) The consortium led by Oriental Bank of Commerce should pray for a direction to the Airbus to deposit the money received in the future from any deal.

Corporate bonds: RBI deputy governor R Gandhi cautions against ignoring bank funding

Tue, 27 Sep 2016 12:03:43 GMT

(image) Gandhi stressed on the need to create a new category of investors to tide over the challenges of finding takers for low-rated bonds.

ICICI Bank crosses 1 lakh registrations on its UPI app

Tue, 27 Sep 2016 08:50:31 GMT

(image) UPI is available on two of the bank's customer facing mobile banking applications – 'Pockets' and 'iMobile'.

Tariff war puts growth of mobile companies revenue in jeopardy

Mon, 26 Sep 2016 21:56:57 GMT

(image) Small wonder, Morgan Stanley has sharply lowered the industry’s data revenue (growth) estimate from 40 per cent to 26 per cent CAGR during F16-20.

Government sacks Sushil Muhnot, Bank of Maharashtra, CMD; Ravindra Marathe joins as replacement a week early

Mon, 26 Sep 2016 16:14:08 GMT

(image) One charge against him was that the cost of refurbishing the houses he occupied were way higher than what he was entitled to spend.

Banks Board Bureau recommends 9 names for PSB executive director post

Mon, 26 Sep 2016 15:33:45 GMT

(image) The recommendations are based on interactions held by the Bureau with eligible candidates from PSBs towards appointment.

Bank of India sells 18 per cent stake in insurance JV to partner Dai-ichi Life

Mon, 26 Sep 2016 11:20:00 GMT

(image) With this, the shareholding of BOI has come down to 30 per cent from 48 per cent in SUD. While, Union Bank of India will continue to hold 26 per cent.

DCB Bank launches its own UPI app

Mon, 26 Sep 2016 11:17:25 GMT

(image) DCB UPI app provides a convenient payment method for customers to send and receive funds anytime, anywhere, from their smart phones.

Associate banks to soon submit report on amalgamation to RBI

Mon, 26 Sep 2016 10:27:33 GMT

(image) The five associate banks are SBBJ, State Bank of Travancore, State Bank of Patiala, State Bank of Hyderabad and the new Bharatiya Mahila Bank (BMB).

SAARC countries reach out to NPCI for payments switch

Mon, 26 Sep 2016 02:46:22 GMT

(image) While Visa and MasterCard, with their superior technology and massive reach, were expensive for smaller banks to ride on, RuPay being a domestic service provider, managed to provide them with a cheaper alternative.