Login  |  Register  |  Forgot Password 
Below Login Ad

News - (Get Professional Updates on Whatsapp, Msg on 8285393786) Category : Banking

New SBI management under govt scanner
Posted Date : 14-Oct-2011 , 08:10:13 am | Posted By CASANSAAR

The performance of the new State Bank of India Management is under the scanner, given the steep rise in the provisioning levels and the manner in which the country's largest lender handled the Moody's ratings downgrade. Top government officials are blaming the new management comprisin...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 314

Govt to infuse Rs 2 lakh cr into banks by 2020
Posted Date : 02-Oct-2011 , 04:36:46 pm | Posted By CASANSAAR

The government plans a whopping Rs 2 lakh crore capital infusion into the state-owned banks spread over 10 years, to help them meet fund requirement and comply with the Basel-III capital adequacy norms.   "[Capital infusion is] estimated at Rs 2 lakh crore by 2020 in public sector banks," D...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 275

NRIs can now open joint accounts with resident Indians
Posted Date : 16-Sep-2011 , 05:39:57 pm | Posted By CASANSAAR

Liberalising the foreign exchange rules, the Reserve Bank today allowed NRIs to hold joint account with Indian residents, a move that would help increase remittances. The central bank has also permitted sale proceeds of foreign investments in India to accrue to NRE/FCNR accounts after tax de...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 404

ICICI Bank to hire 6,000 people this fiscal for biz expansion: Chanda Kochhar
Posted Date : 09-Sep-2011 , 04:21:33 pm | Posted By CASANSAAR

Country's largest private lender ICICI Bank will recruit up to 6,000 people this fiscal to help its business growth and expansion, a top official said today. "Our business is growing between 18 to 20 per cent and we are also adding branches...its expected that we would hire between five to s...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 959

Banks should keep strong vigil on loan portfolio: Pranab
Posted Date : 08-Sep-2011 , 07:48:23 am | Posted By CASANSAAR

Cautioning that the economy is passing through turbulent times, Finance Minister Pranab Mukherjee today asked banks to maintain a strict vigil on the quality of their loan portfolio. "The commitment to moderate levels of inflation has led to higher interest rates. In this environment, banks need ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 291

No pre-payment fee on floater loans, says RBI
Posted Date : 07-Sep-2011 , 07:22:10 am | Posted By CASANSAAR

It's good news for those thinking of prepaying their home loans to lessen the EMI burden. The Reserve Bank of India (RBI) on Tuesday directed banks not to impose pre-payment charges on floating rate loans, a decision taken at its annual conference on banking ombudsman held on Monday. Banks can, h...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 764

Parliament passes SBI Subsidiary Banks Bill
Posted Date : 05-Sep-2011 , 07:15:39 pm | Posted By CASANSAAR

Parliament on Monday passed a Bill which seeks to transfer powers to the Central Government from the Reserve Bank with regard to SBI subsidiary, State Bank of Hyderabad. The Lok Sabha approved the amendment made by the Rajya Sabha and passed the Bill. Though the Lok Sabha had already passe...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 573

RBI opening doors for corporates to enter banking industry but with conditions
Posted Date : 30-Aug-2011 , 07:44:23 am | Posted By CASANSAAR

After years of intense lobbying, business houses wanting to set up banks are spotting a ray of hope. The Reserve Bank of India is slowly opening the doors for corporates to enter the highly-regulated industry, but with caution, conditions and caveats. In draft guidelines issued on Monday, th...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 604

Some banks to get capital infusion of RS 2,000 crore
Posted Date : 29-Aug-2011 , 07:46:24 am | Posted By CASANSAAR

The government has decided to sanction Rs 2,000 crore to some public sector banks as part of its recapitalisation drive. “We are in the process of sanctioning Rs 2,000 crore to a few public sector banks, but the the disbursement would take place at later date,” officia...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 362

In crises, banks may replenish ATMs by RBI borrowings
Posted Date : 27-Aug-2011 , 11:49:54 am | Posted By CASANSAAR

The Reserve Bank of India on Friday said banks can now replenish their automated teller machines (ATMs) with cash by borrowing up to 100 million rupees at one go from the central bank if a banking sector strike or any natural calamity creates a situation where ATMs may run out of cash. "Depending...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 416

Debate on SBI Bill stalled in RS over technical flaw
Posted Date : 26-Aug-2011 , 08:00:30 am | Posted By CASANSAAR

To the embarrassment of the Government, discussion on a SBI subsidiary bill was stalled in the Rajya Sabha today after an error was detected by the Opposition. As the debate was underway, BJP Deputy Leader SS Ahluwlaia pointed that a flaw in State Bank of India (Subsidiary Banks Laws) Amendment B...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 271

Only e-payments by PSBs from Sept 1
Posted Date : 22-Aug-2011 , 01:39:37 pm | Posted By CASANSAAR

Move aimed at speeding up process, checking corruption in funds’ transfer.   The Union finance ministry has told all state-owned banks and financial institutions to make payments only electronically from next month.   The move is aimed at checking corruption in transfer of funds ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 667

Any bank can now join national financial switch: NPCI
Posted Date : 14-Aug-2011 , 04:29:44 pm | Posted By CASANSAAR

The National Payments Corporation of India (NPCI) has said any bank with round-the-clock core banking solution capabilities, with/out ATMs, can now join the national financial switch (NFS) through a sponsor bank. NPCI is an umbrella institution for all the Retail Payments Systems' in the coun...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 396

SBI, ICICI Bank raise base rates by 50 bps to 10%
Posted Date : 12-Aug-2011 , 08:26:32 am | Posted By CASANSAAR

The country's top two banks, State Bank of India (SBI) and ICICI Bank, on Thursday announced 50-basis point increases in their minimum lending rates, or base rates, to 10 per cent. The rate rises are effective from Saturday.   The banks had kept their lending rates unchanged since early J...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 416

Finance ministry to clear norms for new bank licences next week
Posted Date : 12-Aug-2011 , 08:21:48 am | Posted By CASANSAAR

The finance ministry will clear guidelines for new bank permits by next week, potentially setting the stage for the Reserve Bank to roll out licences after a gap of eight years. Once the finance ministry gives its go-ahead, RBI is expected to make the norms public and invite applications for ...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 400

Switch over to base rate from PLR system
Posted Date : 09-Aug-2011 , 09:57:40 pm | Posted By CASANSAAR

Following the announcement in the Annual Policy Statement for the year 2009-10, Reserve Bank of India (RBI) constituted a Working Group on Benchmark Prime Lending Rate (BPLR) to review the present BPLR system and suggest changes to make credit pricing more transparent. Based on the recommendations o...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 423

Gross NPAs of Public Sector Banks Stood at Rs.71,047 Crore as on 31st March,2011
Posted Date : 09-Aug-2011 , 09:39:08 pm | Posted By CASANSAAR

The Gross Non-performing Assets (NPA) of Public Sector Banks (PSBs) for the period ending March, 2011 stood at Rs. 71,047 crore.  The Gross NPA of State Bank of India for the period ending March, 2011 was Rs. 23,074 crore which constitutes 32% of total Gross NPAs of the PSBs.  This infor...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 326

Be vigilant to check NPAs; don't choke credit: FM to banks
Posted Date : 05-Aug-2011 , 06:33:27 pm | Posted By CASANSAAR

Concerned over rising Non- performing Assets (NPAs) of public sector lenders, Finance Minister Pranab Mukherjee today said banks must tackle the problem seriously but without choking credit.   "NPAs in public sector banks have witnessed an upward trend. I had a meeting with chiefs of these ba...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 456

5 banks including Indian Bank, Andhra Bank and Bank of Maharashtra hike lending rates
Posted Date : 01-Aug-2011 , 09:42:50 pm | Posted By CASANSAAR

Five banks, including Indian Bank, Andhra Bank and Bank of Maharashtra, have raised lending rates by up to 50 basis points in line with other lenders. The hike in interest rates come within a week of the RBI raising its key policy rates by a hefty 50 basis points to check high inflation. With the hi...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 486

Banks seek extension of deadline to adopt system to identify NPAs
Posted Date : 22-Jul-2011 , 03:00:22 pm | Posted By CASANSAAR

Public sector banks have requested the government to extend the deadline for moving towards the system of technology-based identification of non-performing assets. Banks have asked that the deadline, which was scheduled to expire on September 30, be extended for another six months.   Some b...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 660

4 PSU banks raise interest rates by up to 50 bps
Posted Date : 14-Jul-2011 , 07:03:00 am | Posted By CASANSAAR

As many as three state-owned banks including Oriental Bank of Commerce (OBC) and Indian Bank hiked interest rates by up to 50 basis points. While Indian Bank and Allahabad Bank raised base rate, or minimum lending rate by 25 basis points, OBC and IDBI Bank raised deposit rates by up to 50 basis poin...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 483

Cabinet likely to clear merger of SBICI with SBI tomorrow
Posted Date : 13-Jul-2011 , 09:42:14 pm | Posted By CASANSAAR

The government is likely to consider merger of State Bank of India Commercial and International Bank Ltd (SBICI) with the country's largest lender SBI at the meeting of Union Cabinet tomorrow. SBICI is a wholly owned subsidiary of SBI and functions as a private sector bank offering the an array of f...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 627

HDFC Bank launches Infinia, takes on American Express
Posted Date : 13-Jul-2011 , 11:30:06 am | Posted By CASANSAAR

A  favourite of many global chief executives and celebrities, the American Express card, or Amex card, now has a competitor in India.   HDFC Bank, the second-largest private sector bank in the country, on Tuesday launched 'Infinia' cards for the uber-rich, high net worth community in Ind...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 802

FM asks public lenders to arrest rising NPAs
Posted Date : 09-Jul-2011 , 07:53:00 am | Posted By CASANSAAR

finance minister Pranab Mukherjee has cautioned all state run banks and financial institutions on the downward trend of asset quality. "They (banks) should to exert themselves to devise suitable strategies for containing and rolling back non performing assets," he said. Muk-herjee on Friday, took th...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 532

Irda slaps Rs 70 lakh fine on SBI Life
Posted Date : 08-Jul-2011 , 10:01:31 pm | Posted By CASANSAAR

Insurance regulator Irda today imposed a fine of Rs 70 lakh on SBI Life Insurance for paying excess commission to the agents in violation of the group insurance guidelines. "Considering the gross and continued nature of the violations, the Authority has come to the conclusion that it is just and pr...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 439

RBI slaps fine on Kolhapur bank for violating KYC norms
Posted Date : 08-Jul-2011 , 09:55:25 pm | Posted By CASANSAAR

he Reserve Bank today imposed a penalty Rs 5 lakh on Kolhapur District Central Co-operative Bank for violation of guidelines related to Know Your Customers (KYC) norms and Anti Money Laundering standards. "The RBI has imposed a monetary penalty of Rs 5 lakh on Kolhapur District Central Co-operative...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 406

SBI denies funding to realty projects in disputed areas
Posted Date : 08-Jul-2011 , 09:52:46 pm | Posted By CASANSAAR

Adopting a cautious approach in the wake of Supreme Court asking the U P government to return land to original owners, country's largest lender SBI today said it will not finance real estate projects which are mired in disputes over acquisition of land. "...If in a particular area where there has b...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 451

FM to review performance of public sector banks next month
Posted Date : 07-Jul-2011 , 05:07:48 pm | Posted By CASANSAAR

Finance Minister Pranab Mukherjee will review the performance of all public sector banks next month after the release of financial numbers by the lenders for 2010-11 financial year.   "We will have a review next month with the Finance Minister ... may be towards the end of May," Departme...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 424

Banking services hit by bandh in Telangana, It will take three days for bank employees to clear the backlog,
Posted Date : 05-Jul-2011 , 01:40:39 pm | Posted By CASANSAAR

Banking and financial activities have come to a standstill in the Telangana region due to the two-day bandh call given today and tomorrow by various political parties demanding the formation of a separate state of Telangana. According to the All-India Bank Officers Association, banking transactio...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 450

Round 2 of rate hikes; ICICI Bank loans 25 bps dearer
Posted Date : 02-Jul-2011 , 07:21:42 am | Posted By CASANSAAR

Banks have started hiking interest rates again following the recent Reserve Bank decision to hike key short-term rates by 25 basis points. After Canara Bank, Dena Bank, Indian Overseas Bank, ICICI Bank hiked its lending rates on Friday, making home, auto and personal loans costlier for customers. &...

Continue Reading...

Category : Banking | Comments : 0 | Hits : 437

News By Categories

More Categories

Search News

 
 
 

www.casansaar.com
...keeps you updated

Home

  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Videos

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Refund Policy

 |   Contact us
 |   Blog

  |   Sitemap

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO

  |   COMPANIES SECRETARY

  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon
Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.