Now, make your bank transactions through Facebook
Posted Date : 06-Sep-2012 , 08:06:27 am | Posted By CASANSAAR
Third largest lender ICICI Bank on Monday said it is working towards allowing its customers to make transactions through social networking site Facebook.
The Mumbai-based bank's chief technology officer Mukesh KumarJain said the bank has Facebook likes close to 8&nb...
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Basel III capitalisation needs Rs.90,000 crore: R
Posted Date : 05-Sep-2012 , 08:45:01 am | Posted By CASANSAAR
To fulfil the capital requirements under Basel III, the government will have to infuse up to Rs90,000 crore into state-owned banks by March 2018, RBI governor D Subbarao said on Tuesday. The capital infusion will keep the government’s shareholding at current levels, he said.
“Pr...
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Banking |
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Banks have Rs 2,481 crore of unclaimed deposits
Posted Date : 31-Aug-2012 , 07:10:08 am | Posted By CASANSAAR
Banks have about Rs 2,481 crore as unclaimed deposits and the government has proposed to credit unclaimed funds of more than 10 years to a new fund."Reserve Bank of India (RBI) has informed that as of December 31, 2011, total amount of around Rs 2,481.40 crore in 1,12,49,844 acco...
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PSU banks to disburse Rs 6 lakh cr to agri sector this fiscal
Posted Date : 26-Aug-2012 , 10:27:10 pm | Posted By CASANSAAR
Public sector banks have set a target to disburse Rs 6 lakh crore as agriculture loan during the current fiscal. This is Rs 25,000 crore higher than the target set for them.
After inaugurating a rural training centre at Amaravathipuram, Karaikudi, set up by Indian Bank, Indian Overseas Bank...
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RBI tells banks to tweak FD norms
Posted Date : 26-Aug-2012 , 10:12:58 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) has asked regional rural and co-operative banks to modify Fixed Deposit account opening forms to allow premature withdrawal of FD on death of one of the joint account holders without any penalty.Under the modified norms, it will be easier for the surviving joint accou...
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Banking |
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Proposal for Bank branch audit Limit from Rs.6 Cr to 20 Cr from 2012-13
Posted Date : 25-Aug-2012 , 07:34:04 am | Posted By CASANSAAR
The Institute of Chartered Accountants of India (ICAI) will meet Union Finance Minister P Chidambaram on retaining the current advance limit of bank branches for independent audit.
"We will meet the finance minister and make a representation to retain the current Rs 6 crore limit of advance...
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Vacancies in Nationalized Banks
Posted Date : 23-Aug-2012 , 10:34:59 pm | Posted By CASANSAAR
There is no proposal to revive Banking Service Recruitments Board as recruitment is done by individual Banks on an ongoing basis, which takes into account the results in common examination conducted by the Institute of Banking Personnel Selection (IBPS).
The requirement of manpower in Natio...
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0 | Hits : 2295
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Steps to Recover NPAs
Posted Date : 23-Aug-2012 , 10:32:56 pm | Posted By CASANSAAR
Although the Gross non-Performing Assets of the Public Sector Banks (PSBs) as on March 2012 amounts to Rs. 112489 crore, all PSBs have reported profits for the financial year 2011-12. Banks are required to monitor NPAs and take steps to bring them down through recovery/other channels. RBI also ...
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0 | Hits : 756
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About 10 lakh bank employees to go on strike on 22-23 August
Posted Date : 20-Aug-2012 , 06:36:08 pm | Posted By CASANSAAR
Around 10 lakh bank employees and officers working in 27 public sector banks including State Bank of India (SBI) and 12 old generation private sector banks and eight foreign banks will resort to two days nationwide strike on 22nd and 23rd August, says United Forum of Bank Unions (UFBU). UFBU is th...
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0 | Hits : 1135
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Bank unions plan strike on August 22-23
Posted Date : 17-Aug-2012 , 11:14:27 am | Posted By CASANSAAR
A section of public sector bank employees plan to go on a two-day strike on August 22-23 to protest the proposed reforms in the banking sector and outsourcing of jobs.
The United Forum of Bank Unions (UFBU) has decided to go on nation-wide strike on August 22-23, the union said in a stateme...
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0 | Hits : 823
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RBI to banks: Compensate customers for cheque clearance delay
Posted Date : 14-Aug-2012 , 07:26:12 am | Posted By CASANSAAR
In a big relief to the bank customers, the Reserve Bank today asked the banks to compensate them for delay in clearance of local cheques.Banks, as per the RBI directive, will have to pay the compensation at savings bank interest rate in absence of a specified rate, for delayed cleara...
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0 | Hits : 1111
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Govt asks public sector banks to open one account for each family
Posted Date : 13-Aug-2012 , 07:00:34 am | Posted By CASANSAAR
The government has asked state- owned banks to ensure one account per family to facilitate direct transfer of subsidy under 32 central schemes. In a communication to the public sector banks, theFinance Ministry has asked them to use the latest voter list as a reference for verifying that every house...
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0 | Hits : 781
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Banking's big problem: NPAs and bad loans have returned to haunt banks
Posted Date : 12-Aug-2012 , 08:31:00 am | Posted By CASANSAAR
India's biggest bank, SBI, announced quarterly results earlier this week and the share price tanked. While the bank announced a big jump in net profit, its non-performing assets also rose sharply, confirming that weak growth and slowdown in key sectors such as power and steel were continui...
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Banking |
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2 | Hits : 1245
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RBI replaces
Posted Date : 11-Aug-2012 , 08:13:58 am | Posted By CASANSAAR
The Reserve Bank of India, on Friday, asked banks to drop the ‘no-frills’ tag from the basic saving accounts as the nomenclature has become a stigma.
It has asked banks to provide the zero balance facility in the basic banking accounts along with ATM-cum-debit cards without any ...
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Over Rs 2,400 crore lying in inoperative bank accounts: RBI
Posted Date : 29-Jul-2012 , 07:35:20 pm | Posted By CASANSAAR
More than Rs 2,400 crore is lying as unclaimed deposits in the over one crore bank accounts across the country, the RBI has said in an RTI reply.
According to the data revealed by the RBI, the State Bank group has over Rs 233 crore unclaimed funds in its 10 lakh accounts, public sector bank...
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RBI imposes Rs 5 lakh penalty on Karad Urban Co-op Bank
Posted Date : 17-Jul-2012 , 08:33:08 am | Posted By CASANSAAR
The Reserve Bank has imposed a penalty of Rs 5 lakh on Maharashtra-based Karad Urban Co-operative Bank for violating guidelines on shifting of branch without the regulator's prior approval. "The bank had violated RBI instructions...which involved change in municipal ward number 35 to ...
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49 Lakh debtors in default of Rs 1 lakh crore of banks: RTI
Posted Date : 05-Jul-2012 , 06:24:46 pm | Posted By CASANSAAR
Over 49 lakh debtors have defaulted in repaying loans totalling more than Rs one lakh crore from various nationalised banks in the country, an RTI query has revealed.The information was provided by individual banks to Om Prakash Sharma, an RTI activist and a former National Council member of BJP.The...
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0 | Hits : 876
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SBI waives minimum balance criteria for savings bank account
Posted Date : 03-Jul-2012 , 10:02:39 pm | Posted By CASANSAAR
In order to attract new customers, State Bank of India (SBI) has done away with minimum balance criteria for saving banks account. SBI said in an advertisement that the bank will not levy any charge for breaching minimum balance criteria. It said that the facility is available to existing customers ...
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0 | Hits : 1658
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RBI says banks mislead investors on bad loans, calls for Sebi action
Posted Date : 29-Jun-2012 , 08:31:56 am | Posted By CASANSAAR
Deputy Governor K C Chakrabarty says monetary policy to ease once inflation comes down The Reserve Bank of India (RBI) has lashed out at banks for attributing their higher bad loans to a fallout of the automated bad loan recognition system, and said the capital market regulator should look into the ...
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3 | Hits : 1115
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Moody's downgrades 15 of world's biggest banks
Posted Date : 22-Jun-2012 , 02:33:45 pm | Posted By CASANSAAR
Ratings agency Moody's downgraded 15 of the world's biggest banks on Thursday, lowering credit ratings by one to three notches to reflect the risk of losses they face from volatile capital markets activities, but banks criticized the move as backward looking.
Morgan Stanley(MS.N), one of th...
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0 | Hits : 818
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Beware, online bank accounts are at risk
Posted Date : 19-Jun-2012 , 07:59:52 am | Posted By CASANSAAR
Two of the most pervasive and dangerous types of software for stealing money from bank accounts have been improved and can now transfer money out automatically, without a hacker's supervision, researchers said.
The latest variants of the widespread SpyEye and Zeus programmes have already stolen as ...
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0 | Hits : 1276
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RBI guideline to ease home loan payment process
Posted Date : 16-Jun-2012 , 11:51:18 pm | Posted By CASANSAAR
The Reserve Bank of India (RBI) has directed state and central co-operative banks to stop levying penalty on pre-payment of home loans on floating interest rates with immediate effect.In a notification, it said though many banks had in the recent past voluntarily abolished pre-payment penalties on f...
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0 | Hits : 991
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RBI allows banks to accept spectrum as collateral
Posted Date : 13-Jun-2012 , 09:17:45 am | Posted By CASANSAAR
The Reserve Bank of India has approved the proposal to allow mobile phone companies to mortgage airwaves, a move that will allow telcos to use spectrum as collateral and raise funds from banks for the upcoming auctions. The RBI has said that banks will be allowed to seize airwaves in ...
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0 | Hits : 873
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NPA detail of Banks in Last Three Year
Posted Date : 11-Jun-2012 , 08:36:08 am | Posted By CASANSAAR
Finance ministry concerned over rising bad loans and wants a variety of actions to check these; Pranab to meet financial institutions’ chiefs on Tuesday to discuss the issue
Concerned at the spurt in bad loans of public sector banks (PSBs), the Union finance ministry has asked them to...
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0 | Hits : 1518
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RBI cancels Madhavpura bank licence; liquidator to be appointed
Posted Date : 08-Jun-2012 , 07:27:56 am | Posted By CASANSAAR
The Reserve Bank of India (RBI) cancelled the licence of Madhavpura Mercantile Cooperative Bank (MMCB), bringing to an end its controversy-ridden 18-year operation as a multi-state cooperative bank.
In 2001, the bank faced a run on deposits following its alleged exposure to stock ...
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0 | Hits : 815
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Govt approves Rs 632 cr capital infusion in regional rural banks
Posted Date : 07-Jun-2012 , 01:57:39 pm | Posted By CASANSAAR
Union Cabinet has approved capital infusion of 632 crore rupees in some Regional Rural Banks to improve their capital to risk waited assets ratio. The Cabinet approved 50 percent share of the Central government and also decided to extend the scheme of capitalization of weak Regional Rural Banks by a...
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0 | Hits : 856
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All rural branches of banks to impart financial literacy: RBI
Posted Date : 07-Jun-2012 , 07:43:08 am | Posted By CASANSAAR
The Reserve Bank Wednesday said all rural branches of banks will have to impart financial literacy.This move comes after the central bank found Financial Literacy and Credit Counselling Centres (FLCC) were located in the urban and semi-urban areas."Banks may consider setting up need based FLCs in ot...
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0 | Hits : 942
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Banks sharing data with IT dept will help deter tax evasions
Posted Date : 01-Jun-2012 , 07:23:56 am | Posted By CASANSAAR
Banks agreeing to share data with the income tax authorities will help in checking accumulation of black money and keep tax evaders at bay, industry body Assocham said on Thursday."The Indian and the foreign banks operating in the country have agreed to give income tax authorities access to their da...
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0 | Hits : 1019
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Banking Laws Bill in Parliament on Monday
Posted Date : 20-May-2012 , 11:17:25 pm | Posted By CASANSAAR
Finance minister Pranab Mukherjee will move an amended Banking Laws (Amendment) Bill in Parliament on Monday. The Bill is likely to cap shareholders’ voting rights in private banks at 26% irrespective of their total holding, diluting the provisions of the original bill which had proposed to al...
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Banking |
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1 | Hits : 914
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ICICI Bank raises foreign currency deposit rates
Posted Date : 09-May-2012 , 05:45:09 pm | Posted By CASANSAAR
ICICI Bank , India’s No. 2 lender, raises foreign currency deposit rates by up to 175 basis points, effective May 8. It raised rates for 1 to 2 year tenure by 75 basis points and for 3 to 5 year tenure by 175 basis points.
The move comes within a week of Reserve Bank hiking intere...
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0 | Hits : 774
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