Banks general

American Express Co reports better-than-expected third-quarter revenue

21 Oct 2016

SBI blocks 6 lakh debit cards over security breach

20 Oct 2016

State Bank of India has blocked six lakh debit cards following a security breach that occurred in a non-SBI ATM network and will replace these with new ones

SBI blocks 6 lakh debit cards after security breach at ATM

19 Oct 2016

Kamath calls for BRICS ratings agency to escape the clutches of Big 3

17 Oct 2016

New Development Bank president K V Kamath has mooted a BRICS-backed credit rating agency since the methodologies of the Big 3 global agencies constrain growth in emerging nations

NDB has had great start, will lend only to BRICS: Kamath

15 Oct 2016

Goldman Sachs launches personal loan service for small customers

15 Oct 2016

Consumers can take an unsecured no-fee, no-frills loan up to $30,000 for two to six years, at fixed interest rates depending on their credit score, history, and the tenure

Cabinet approves MoU between Exim Bank and New Development Bank for trade development

14 Oct 2016

Cabinet approves MoU between Exim Bank and New Development Bank for trade development

14 Oct 2016

Fake accounts scandal forces Wells Fargo chief John Stumpf to step down

14 Oct 2016

ICICI Bank and Emirates NDB execute India’s first blockchain transaction

13 Oct 2016

Blockchain, which is an electronic transaction-processing and record-keeping system, allows all parties to track information through a secure network

Bank credit to industry grows at minus 0.2% in August

12 Oct 2016

The steady decline in bank credit to industry can be attributed to rising non-recovery of bank loans and pressure on banks to clean their books of non-performing assets

Singapore shuts Falcon Bank unit over money-laundering

12 Oct 2016

Singapore's central bank on Tuesday also slapped penalties on DBS and UBS in its biggest crackdown on alleged money-laundering activities connected with Malaysian sovereign fund 1MDB

Government looking at merger of two big PSU banks: report

12 Oct 2016

The near-term target is a merger of Bank of Baroda and Bank of India, which will then take over a smaller and weaker bank, a Reuters report quoted Bank Board Bureau chief Vinod Rai as saying

Indian banks’ bad loans mount to over Rs9,00,000 cr in June

12 Oct 2016

While bank NPAs grew 15 per cent between 1 January and 30 June 2016, the value of the assets held as collateral has been eroding, making it difficult to remedy the bad loan problem

Citigroup to sell Argentinean consumer business to Banco Santander Rio

10 Oct 2016

Citigroup to sell consumer banking assets in Brazil to Itaú Unibanco

10 Oct 2016

Banks to remain closed for 5 straight days from 8 to 12 October

08 Oct 2016

Four PSU banks follow RBI cue, cut base lending rates

06 Oct 2016

Four PSU banks follow RBI cue, cut base lending rates

06 Oct 2016

RBI loosens classification norms for banks’ stressed assets

05 Oct 2016

Under this scheme, loans that companies find difficult to service can be restructured, providing for a longer repayment tenure, or waiving off a part of the debt so that companies are able to service their debt

Barclays to sell Egyptian operations to Morocco’s Attijariwafa Bank for $500 mn

05 Oct 2016

MPC cuts RBI policy rate by 25 bps to 6.25%

04 Oct 2016

The MPC's decision to cut the policy repo rate comes despite a still-firm consumer price inflation in August when headline inflation stood at 5.05 per cent for the second month

Centre constitutes Insolvency and Bankruptcy Board of India

03 Oct 2016

Under the new law, creditors and shareholders would have powers to initiate a winding up process through the Insolvency and Bankruptcy Board at the first sign of financial stress such as serious default in repayment