All the branches of the Lakshmi Vilas Bank will function as branches of DBS Bank India. The moratorium on Lakshmi Vilas Bank will be withdrawn on 27 November 2020 as …
The BC Sakhi program has unearthed a new and untapped potential of rural Uttar Pradesh to forge a way out of poverty, economise the region through enterprising efforts, spur growth …
Emailed queries sent to the bank about the cause of the outage did not elicit a response. HDFC Bank on Sunday said it had restored payment services on its digital …
Continue Reading…HDFC Bank restores payment services after outage at data centre
Government-backed guarantee loan scheme (ECLGS) also played a major role in the sequential improvement in the bank credit. Higher consumer spendings during the festive season have supported the bank credit …
RBI said that the financial position of the Lakshmi Vilas Bank has undergone a steady decline with the bank incurring continuous losses over the last three years, eroding its net-worth. …
While, if the bank declares an account as NPA, the borrower still has an option of availing debt restructuring under June 2019 circular of RBI, he added. By Ankur Mishra …
Continue Reading…Banks likely to be less inclined to restructure stressed assets in H2
The relief will help boost sales in the mid-price and affordable segments. Developers will benefit as it will enable them to reduce their finished inventory. By Ankur Mishra LIC Housing …
Moreover, a scenario of limited credit demand is leading to greater competition among banks for good borrowers and that, in turn, could pressurise NIMs, bankers said. Large banks, many of …
Continue Reading…Banks get margin boost in Q2 from cheaper deposits, lack of slippages
The settlement marks the conclusion of a long-drawn series of negotiations between the association and United Forum of Bank Unions (UFBU) and could result in a yearly outgo of Rs …
Continue Reading…IBA agrees to 15% annual wage hike for bank staff
SBI chairman Dinesh Kumar Khara Although corporates have started utilising their working capital limits on the back of a very clear trend for demand revival in the economy, any fresh …