News Room

  • Indian Bank raises Rs 2,000 cr for infrastructure, affordable home loans
    by PTI on September 21, 2017 at 1:01 pm

    Public sector lender Indian Bank today said it has raised Rs 2,000 crore to finance infrastructure and affordable housing. The post Indian Bank raises Rs 2,000 cr for infrastructure, affordable home loans appeared first on The Financial Express. […]

  • Credit growth unlikely to pick up during festive season: Study
    by PTI on September 21, 2017 at 12:32 pm

    Credit growth is unlikely to pick up during the festival season, though improvement is expected in September industrial growth numbers due to restocking by the automobile industry, an SBI report said today. The post Credit growth unlikely to pick up during festive season: Study appeared first on The Financial Express. […]

  • Private banks share in advances to hit 38-40% by FY20: ICRA
    by PTI on September 21, 2017 at 12:03 pm

    The market share of private sector lenders in the banking sector advances is expected to increase to an estimated 38-40 per cent by 2019-20, says a report. The post Private banks share in advances to hit 38-40% by FY20: ICRA appeared first on The Financial Express. […]

  • Financial inclusion providing the entire range of banking services: SBI chairman Arundhati Bhattacharya
    by PTI on September 21, 2017 at 10:17 am

    India has taken a series of steps to ensure the common man has access to financial services, SBI chairman Arundhati Bhattacharya said as she called for collaboration among the government, the banking system and the technology providers to make it successful. The post Financial inclusion providing the entire range of banking services: SBI chairman Arundhati Bhattacharya appeared first on The Financial Express. […]

  • All P2P lending firms to be classified as NBFCs, says RBI
    by FE Bureau on September 20, 2017 at 10:35 pm

    In India, three broad categories of fintech lenders operate – those who connect individual lenders to borrowers, those who help institutional lenders identify suitable borrowers for their products, and those who disburse loans off their own books. The post All P2P lending firms to be classified as NBFCs, says RBI appeared first on The Financial Express. […]

  • Cheque books, IFSC of 6 subsidiary banks of SBI to be invalid; what you should do now
    by FE Online on September 20, 2017 at 7:13 pm

    The country's largest lender in a tweet announced, "All the erstwhile associate banks of SBI and the Bharatiya Mahila Bank users need to upgrade their cheque books." The post Cheque books, IFSC of 6 subsidiary banks of SBI to be invalid; what you should do now appeared first on The Financial Express. […]

  • RBI classify P2P platform as NBFC business
    by PTI on September 20, 2017 at 9:42 am

    Peer-to-peer lending (P2P) platforms will be treated as non-banking financial companies (NBFCs) and thus regulated by the RBI, the central bank said in a notification. The post RBI classify P2P platform as NBFC business appeared first on The Financial Express. […]

  • Banks witness surge of wilful defaults, numbers cross Rs 1 lakh cr
    by FE Online on September 18, 2017 at 1:58 am

    According to data available from TransUnion CIBIL, a credit information bureau, local lenders have seen a nearly 45 percent surge of Rs 34,900 crore in wilful defaults from last year. The post Banks witness surge of wilful defaults, numbers cross Rs 1 lakh cr appeared first on The Financial Express. […]

  • Airtel Payments Bank launches UPI enabled digital payments
    by IANS on September 17, 2017 at 10:58 am

    Airtel Payments Bank on Sunday said it has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform. The post Airtel Payments Bank launches UPI enabled digital payments appeared first on The Financial Express. […]

  • Penalty from accounts to partly fund Aadhaar linkage costs: SBI
    by IANS on September 17, 2017 at 8:06 am

    State Bank of India (SBI) expects to collect Rs 2,000 crore as penalty on savings bank accounts which have failed to maintain a minimum balance, a sum which may be used to partly cover the costs incurred on the linking of accounts with Aadhaar. The post Penalty from accounts to partly fund Aadhaar linkage costs: SBI appeared first on The Financial Express. […]

  • SBI reviewing minimum balance charges for certain categories of savings accounts
    by PTI on September 17, 2017 at 6:57 am

    State Bank of India (SBI) said it is reviewing charges for certain categories of accounts for non- maintenance of monthly average balance (MAB) after receiving feedback from customers. The post SBI reviewing minimum balance charges for certain categories of savings accounts appeared first on The Financial Express. […]

  • RBI likely to keep policy rate on hold till fiscal-end: Report
    by PTI on September 17, 2017 at 4:59 am

    The Reserve Bank is expected to pause rate cuts for the rest of 2017-18 as retail inflation is likely to tread higher towards 4.7 per cent by March, says a Kotak Institutional Equities report. The post RBI likely to keep policy rate on hold till fiscal-end: Report appeared first on The Financial Express. […]

  • Arun Jaitely to launch Google payment app Tez on Monday
    by IANS on September 16, 2017 at 11:06 am

    Union Finance Minister Arun Jaitely will launch Google's Unified Payments Interface (UPI)-based digital payment service called "Tez" on Monday. The post Arun Jaitely to launch Google payment app Tez on Monday appeared first on The Financial Express. […]

  • SBI hopeful of controlling fresh slippages: MD Rajnish Kumar
    by PTI on September 16, 2017 at 9:54 am

    Country's largest lender State Bank of India (SBI), reeling under huge stressed assets like other banks, is hopeful that going forward it would be able to control fresh slippages. The post SBI hopeful of controlling fresh slippages: MD Rajnish Kumar appeared first on The Financial Express. […]

  • SBI SO recruitment 2017: Applications open at sbi.co.in; check important dates, eligibility
    by FE Online on September 15, 2017 at 5:47 pm

    SBI SO recruitment 2017: The State Bank of India has invited online applications for the recruitment of specialist cadre officers. The post SBI SO recruitment 2017: Applications open at sbi.co.in; check important dates, eligibility appeared first on The Financial Express. […]

  • NPA resolution: Bank unions sceptical of bankruptcy process
    by PTI on September 14, 2017 at 4:59 pm

    Bank unions today claimed the bankruptcy process initiated by various lenders for NPA resolution will not help in bringing the money back. The post NPA resolution: Bank unions sceptical of bankruptcy process appeared first on The Financial Express. […]

  • We believe our assets will grow by 40% this fiscal, says AU Small Finance Bank CEO Sanjay Agarwal
    on September 13, 2017 at 11:03 pm

    AU Small Finance Bank, which started operations in April 2017, has benefitted from demonetisation and implementation of the GST, Sanjay Agarwal, MD & CEO, told Shamik Paul. The lender plans to have a deposit base of about Rs 5,000 crore by March 2018, which is 40% of its assets. The post We believe our assets will grow by 40% this fiscal, says AU Small Finance Bank CEO Sanjay Agarwal appeared first on The Financial Express. […]

  • SBI to create data lake for on-the-go analytics, says Mrutyunjay Mahapatra
    by Shritama Bose on September 13, 2017 at 10:49 pm

    State Bank of India (SBI) is going beyond the practice of data warehousing to create a data lake, which will offer on-the-go analytics to bank executives, deputy managing director and chief information officer Mrutyunjay Mahapatra tells Shritama Bose. The post SBI to create data lake for on-the-go analytics, says Mrutyunjay Mahapatra appeared first on The Financial Express. […]

  • State Bank of India to unveil Project Lotus; here is how you can gain
    by Shritama Bose on September 13, 2017 at 12:42 am

    A superstore that gives you exclusive deals when you shop for shoes or smartphones. The post State Bank of India to unveil Project Lotus; here is how you can gain appeared first on The Financial Express. […]

  • Fearing NPAs, banks shun renewable energy companies; here are reasons why that is
    on September 12, 2017 at 10:06 pm

    Lenders are worried about the drop in tariff in the renewable power sector and are increasingly becoming more cautious in lending to the sector on fears their loans could turn into non-performing assets (NPAs), bankers said. The post Fearing NPAs, banks shun renewable energy companies; here are reasons why that is appeared first on The Financial Express. […]