Banks have room to lend Rs 45,000 cr more under ECLGC scheme: IBA CEO
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As the government enhanced the scope of the Rs 3 trillion Emergency Credit Line Guarantee Scheme (ECLGS), banks on Sunday said they have sanctioned Rs 2.54 trillion
Covid-19: Banks begin process of restructuring of loans up to Rs 25 cr
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To provide support to small businesses hit by the second coronavirus wave, banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the COVID-19 relief measures announced by the Reserve Bank earlier this month.
Many lending i
SBI, HDFC Bank move SC against RBI directive to provide data under RTI act
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The two largest banks of India feared that such a directive could be detrimental to their business operations and compromise the confidentiality of customer information
UCO Bank aims 7-10% growth in FY22, allots shares to government
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City-based UCO Bank on Friday said it was aiming at a growth of 7-10 per cent in the current fiscal amid the second round of restructuring guidelines from the regulator due to the second wave of COVID-19 disruptions.
The bank also allotted 203.76 lakh sha
UCO Bank allots 203 cr preferential shares to govt for capital infusion
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UCO Bank on Friday said it has allotted over 203 crore preferential shares to the government in lieu of Rs 2,600 crore capital infusion for 2020-21.
«We hereby inform that the competent authority this day allotted 203,76,17,554 equity shares of Rs 10 e
Rupee gains for 3rd straight session; rises 15 paise to 72.45 against USD
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The rupee strengthened for the third straight session on Friday and closed 15 paise higher at 72.45 (provisional) against the US dollar tracking positive domestic equities.
Standard and Poors affirms BB/B ratings on IDBI Bank with negative outlook
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S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.It also affirmed BB programme rating on the senior unsecured notes under its medium-term notes (MTN) programme and then withdrew the ratings a
S&P Global Ratings affirms BB/B ratings on IDBI Bank with negative outlook
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S & P Global Ratings has affirmed BB long-term and B short-term foreign currency issuer credit ratings on IDBI Bank.It also affirmed BB programme rating on the senior unsecured notes under its medium-term notes (MTN) programme and then withdrew the ratings a
Canara Bank announces 3 loan schemes amid fight against coronavirus
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State-run Canara Bank on Friday announced three loan schemes as part of the fight against the pandemic under which it will offer healthcare credit, business and personal loan to individuals
Banks need to monitor asset quality, prepare for higher provisioning: RBI
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RBI also expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers
Economy not as hard hit as 1st wave, uncertainties remain: RBI Report
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India's economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday
Ensure continuity in provision of financial services: RBI guv to pvt banks
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RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses
Second wave: HDFC Bank concerned over retail asset quality in near-term
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Borrowers who had to avail cover under regulatory dispensations like moratorium and restructuring after the first wave will be the highest impacted, its chief executive said
Rise in cyber crime post Covid is growing risk to bank ratings: S&P
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The banking sector is becoming more exposed to cyber crime after Covid-19 pandemic accelerated digitalisation and remote working, S & P Global Ratings said on Tuesday.Cyber attacks can harm credit ratings mainly through reputational damage and potential monet
IBA reaches out to govt for refund of compound interest waiver by banks
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The Indian Banks' Association (IBA) on behalf of lenders has approached the finance ministry to refund the burden fallen on their shoulders due to a recent Supreme Court judgment on the waiver of compound interest on all loan accounts which opted for moratori
If the mega cryptocurrency has left you nervous, hold your nerves as there is a silver lining in the mayhem the crypto asset class experienced last week
Kotak Mahindra Bank issues India's first FPI licence to GIFT AIF
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This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country
