Banks can extend loan repayment up to 5 years for crop loss: RBI

Last Updated: Friday, August 21, 2015, 21:44

The Reserve Bank on Friday gave the farming community much to cheer about when it said banks can extend loan repayment period up to 5 years in case 50 percent crop is damaged due to natural calamities like drought and flood.

Payment banks unlikely to eat into large lenders' biz: Crisil

Last Updated: Friday, August 21, 2015, 21:29

Ratings agency Crisil on Friday said the upcoming payment banks (PBs) will largely focus on the underbanked areas like the East, Northeast and Central regions, and the existing lenders should not worry about them.

Payments bank licence to leverage telecom, retail biz: RIL

Last Updated: Friday, August 21, 2015, 19:30

RIL on Friday said the payments bank licence will "leverage" its telecom business Reliance Jio's pan-India network and retail arm's model, even as its tie-up with SBI will help create the most extensive distribution network in India.

Payments banks to change banking habits of Indians: Jaitley

Last Updated: Friday, August 21, 2015, 14:46

RBI has given nod to 11 entities to launch such niche banks within next 18 months.

All-out efforts on to bring down PSU banks' NPA: Jaitley

Last Updated: Friday, August 21, 2015, 14:27

Jaitley was inaugurating 109 new branches and 109 Bunch Note Acceptors (BNA) on the Indian Bank Foundation Day.

Banks to remain closed on 2nd, 4th Saturdays

Last Updated: Friday, August 21, 2015, 12:15

At present, all PSU and private sector banks work half-day on Saturdays.

Payments banks may ring in better days for insurers, MFs

Last Updated: Thursday, August 20, 2015, 23:41

Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.

Banks to remain closed on 2nd, 4th Saturdays

Last Updated: Thursday, August 20, 2015, 23:03

Bringing cheers to lakhs of bank employees, the government has accepted the long-pending demand of workers to declare second and fourth Saturdays holidays, with effect from September 1.

RBI panel for conversion of large UCBs into regular banks

Last Updated: Thursday, August 20, 2015, 22:18

An RBI panel Thursday recommended converting urban cooperative banks (UCBs) with business size of Rs 20,000 crore or more into regular banks to allow them to grow and proliferate further for financial inclusion.

Govt issues norms for selection of CEOs of smaller PSBs

Last Updated: Thursday, August 20, 2015, 19:57

As per the guidelines, the selection to the top job in the PSBs would be from the existing pool of executive directors (EDs) or deputy managing directors (DMDs) in state-owned banks with a remaining service period of 2 years.

FM Jaitley likely to meet heads of PSU banks in first half of Sept

Last Updated: Thursday, August 20, 2015, 18:00

The performance review meeting of Public Sector Banks (PSBs) may take place in the first half of September and the exact date will be decided soon, sources said.

FM Jaitley likely to meet heads of PSU banks in first half of Sept

Last Updated: Thursday, August 20, 2015, 18:00

The performance review meeting of Public Sector Banks (PSBs) may take place in the first half of September and the exact date will be decided soon, sources said.