scorecardresearch
Friday, March 29, 2024
TopicBanks

Topic: banks

How Kotak Mahindra Bank, IndusInd merger stacks up in numbers

The combination would boost its assets to Rs 7 lakh crore and cement Kotak’s position as India’s fourth-largest private bank, closing the gap with Axis Bank Ltd.

In ‘Diwali bonus’, govt waives interest-on-interest even for those who didn’t opt for moratorium

After its affidavit to SC, govt orders issues waiver norms including cashback by 5 November. All standard accounts up to 29 February eligible for benefits.

Virtual bank or a brick-and-mortar one? Millennials have good reasons to opt for the first

With more virtual banks popping up, there is hope they will be more cost-effective, better scalable versions of savings, loan associations and chit funds, with fewer blowups and scams.

Banks need relief too, helping only borrowers will hamper next round of credit growth

As the moratorium on loan repayments ends, the government will have to answer the key question about how to treat defaulting borrowers.

File Kamath panel recommendations on loan moratorium, Supreme Court tells Centre, RBI

SC's direction came after the Finance Ministry agreed to waive compound interest charged on loans of up to Rs 2 crore for six-month moratorium period announced due to the pandemic.

Will take decision over banks charging interest on deferred instalments soon, Centre tells SC

The Centre told the apex court that the decision-making process is at a very advanced stage and will likely be finalised in two-three days.

Indian banking system will be among last to recover due to NPA overhang, S&P says

The rating agency says India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels — likely beyond 2023.

Net worth wiped out, withdrawal restrictions, no resolution — PMC Bank’s worse off 1 year on

RBI’s process to fix the bank hasn’t yielded any results. The bank’s net worth is wiped out and its depositors are struggling with restrictions on withdrawal.

Modi govt’s reform of public banks a still-born effort, say Raghuram Rajan & Viral Acharya

Loan losses from the pandemic may be too huge for the government to pay, says a new paper authored by the former RBI governor and former RBI deputy governor.

SC extends interim order on loan moratorium to 28 September, says keen to waive interest

Supreme Court gives Modi govt over 2 more weeks to decide on waiver of interest for moratorium period after considering interest of all classes of creditors & all sectors of economy.

On Camera

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.