IL&FS to distribute Rs 3,200 crore to IFIN creditors
IL&FS Group has initiated its largest Interim Distribution pay-out till date - in IL&FS Financial Services Limited (IFIN), an IL&FS ...
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Tag: banks
Banks to face margin pressure next fiscal, net interest margin may fall by 10 basis points to 3.45%: Fitch
Banks will face margin pressure next fiscal as they increase the deposit rates to attract funds to support sustained high ...
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Banks want funds in dormant accounts taken as CRR
Banks have reached out to the Reserve Bank of India (RBI) with a suggestion to count funds in unclaimed deposits ...
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47.8 cr Jan Dhan accounts opened, says FM Sitharaman
As many as 47.8 crore Jan Dhan accounts have been opened so far, a scheme which was launched in 2014 ...
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Govt unveils new savings scheme for women with 7.5% fixed interest rate for 2 years
A 'Mahila Samman Saving Certificate' with a fixed interest rate of 7.5 per cent for two years was announced on ...
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Govt doubles deposit limit for Senior Citizen Savings Scheme to Rs 30 lakh
Finance Minister Nirmala Sitharaman on Wednesday proposed to double the deposit limit for Senior Citizen Savings Scheme to Rs 30 ...
Read moreGovt proposes changes in Banking Regulation Act, other laws to enhance investors’ protection
To improve bank governance and enhance investors' protection, Finance Minister Nirmala Sitharaman on Wednesday proposed certain amendments to the Banking ...
Read moreNo bad news is good news; pvt capex will take one more year to revive: Bankers
Bankers welcomed Finance Minister Nirmala Sitharaman's budget proposals as being growth accretive, and hailed the focus on capital expenditure while ...
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Punjab & Sind Bank aims at Rs 500 cr recovery from NPAs in Q4: MD
Punjab & Sind Bank managing director Swarup Kumar Saha has said the bank is expecting a Rs 500 crore recovery ...
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Banks on branch addition spree to cash in on credit growth
Indian banks are on a branch addition spree as they look to capitalise on the purple patch in credit growth. ...
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