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1-10 results from 1000 for query «lenders»

9 January, 2019 3:18 AM IL&FS Crisis: Lenders Asked To Classify Loans To Firm As Non-Performing, Says Report

In October, the government took control of IL&FS, after a string of defaults on debt obligations by the company spooked domestic markets. The Reserve Bank of India (RBI) has asked lenders of Infrastructure Leasing and Financial Services (IL&FS) to classify loans extended to the bankrupt shadow banking firm as non-performing, two sources with direct knowledge 221

7 January, 2019 7:58 AM Elara expects banks' profitability to improve in Q3FY19

Elara Capital does not expect any new large corporate loan account to slip barring re-classification of IL&FS Brokerage houses have been betting on select banks, especially after the beginning of improvement in their asset quality and hope of further earnings growth. Elara is one of the brokerage houses that also turned positive on banks and expects 151

3 January, 2019 6:26 AM Dena Bank, Vijaya Bank Shares Fall After Announcement Of Swap Ratios For Merger

Under the merger plan, Bank of Baroda said it would issue 110 shares of Rs 2 each for every 1,000 shares of Dena Bank worth Rs 10 each. Shares of state-run Dena Bank and Vijaya Bank plunged on Thursday after the Cabinet approved their merger with Bank of Baroda late on Wednesday, in an attempt to clean up the country's banking system. Under the merger 126

1 January, 2019 3:00 AM Govt infuses Rs 10,882cr in UCO Bank, Syndicate Bank, BoM and Central Bank

The government on Monday infused Rs 10,882 crore in four public sector banks, including UCO Bank and Syndicate Bank, as part of Rs 28,615 crore capital infusion to be done in about half a dozen public sector lenders. The bank has received Rs 3,074 crore in the equity by way of preferential allotment on Monday, UCO Bank said in a regulatory filing. The government 137

29 December, 2018 1:19 PM Instant Money Transfer: Charges Levied By Banks For Immediate Payment Service (IMPS)

Immediate Payment Service (IMPS), an instant interbank electronic fund transfer facility, allows the customer to transfer funds on a 24x7 basis and 365 days of the year. The maximum amount that can be transferred via IMPS is Rs 2 lakh. This facility is available only via internet banking. Most banks in the country offer the facility of IMPS for making 100

20 December, 2018 3:18 PM RBI Governor to meet private sector lenders next week

RBI Governor Shaktikanta Das said he will meet representatives of private sector banks and cooperative banks next week to discuss issues and concerns. Das took over as 25th Governor of RBI last week following the abrupt exit of Urjit Patel ahead of schedule due to differences with the government. "Meetings with public sector banks completed. Shall meet representatives 95

19 December, 2018 2:14 PM Minimum Balance Rules: Here's How Much Top Banks Charge For Non-Compliance

Leading lenders of the country have fixed their monthly average balance (MAB) requirements according to the location of a customer's account. Most of the banks in the country require customers to maintain a certain Monthly Average Balance or MAB in their savings bank accounts, failing which they have to bear certain penalty charges. Monthly Average Balance 81

17 December, 2018 11:22 AM These Banks Offer Up To 9.5% Returns On Deposits Below 1 Crore Rupees

Rate of return on fixed deposits of small finance banks is better than the FDs offered by traditional commercial banks. Small finance banks (SFBs) aim to spread financial inclusion by provision of savings vehicles and supply of credit to small business units, small and marginal farmers; micro and small industries; and other unorganised sector entities 117

1 December, 2018 1:16 PM Bankers threaten nationwide strike on December 26 to protest merger of banks

The government had in September approved the merger of three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank.  NEW DELHI: Bank unions have called for a nationwide strike on December 26 against the proposed merger of Bank of Baroda, Dena Bank and Vijaya Bank. The strike is being organised by the United Forum of Bank Unions (UFBU), an umbrella 395

28 November, 2018 3:55 PM State Bank of India Revises Fixed Deposit Interest Rates; What Others Lenders Pay

State Bank of India (SBI), the largest lender of the country, revised its fixed deposit (FD) interest rates with effect from today, the bank said on its website - sbi.co.in. A fixed deposit (FDs) is a secure financial instrument offered by banks, which fetch guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest 119