Calcutta  /  Published 09.09.20

Queue ordeal for the aged at banks

The days of complete lockdown in the state have compounded the problem, said bankers and customers. “The state was under complete lockdown on Monday. When the bank opened after two days on Tues...
By Debraj Mitra in Calcutta

Business  /  Published 03.09.20

FM for loan recast start in 15 days

Finance minister Nirmala Sitharaman on Thursday asked banks and NBFCs to roll out their loan restructuring schemes for Covid-19 related stress by September 15. “During her interaction, the fina...
By Our Special Correspondent in New Delhi

Business  /  Published 30.08.20

Sitharaman to discuss loan recast with bankers

Ahead of the roll out of a one-time debt recast for the resolution of Covid-19 related stress in bank loans, finance minister Nirmala Sitharaman will hold a review meeting with bankers and heads of no...
By PTI in New Delhi

Business  /  Published 16.08.20

NBFCs suffer from cash flow mismatch

Non-banking finance companies (NBFCs) could face a cash flow mismatch with the Reserve Bank of India allowing a one-way restructuring of advances, a senior industry representative said. NBFCs are con...
By Pinak Ghosh in Calcutta

Business  /  Published 06.08.20

Curbs on current account

The central bank on Thursday said that banks will not be allowed to open new current accounts for customers who have already availed themselves of credit facilities in the form of cash credit or overd...
By Our Special Correspondent in Mumbai

Business  /  Published 05.08.20

HDFC Bank gets new chief

Sashidhar Jagdishan has been named the successor to Aditya Puri at HDFC Bank. Jagdishan, 55, will take charge on October 27 — a day after Puri retires as the  managing director and chief e...
By Our Special Correspondent in Mumbai

India  /  Published 30.07.20

Govt has destroyed banks: Congress

The Congress on Wednesday accused the Narendra Modi government of destroying the banking and financial sectors with bad decisions, failing to punish defaulters and curbing the autonomy of the RBI. Ar...
By Our Special Correspondent in New Delhi

Business  /  Published 30.07.20

PM offers recap hope

Prime Minister Narendra Modi on Wednesday held a series of meetings with state-owned banks and NBFCs and assured them of all support to the sector and adequate capital for recapitalisation. He asked ...
By Our Special Correspondent in New Delhi

Opinion  /  Published 23.07.20

India’s perennial banking dilemma

The last worldwide economic crisis in 2008 was supposed to have been triggered by the free-wheeling liberalisation of rules and regulations governing American banks and financial institutions by Alan ...
By Ashok Ganguly in

Business  /  Published 21.07.20

Banks: fall in fee income

Banks may be staring at falling fee-based income in the June quarter as the Covid-19 pandemic has affected new loan applications and the sale of third-party products. Fee income occupies a major chun...
By Our Special Correspondent in Mumbai


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