Tag: Banks

Cash
Banks May Not Extend Second Moratorium To All Customers

New Delhi: Banks may not extend the second moratorium to all their customers amid gradual resumption in business activity and rising asset quality risk emerging from longer duration loan forbearance. Sources said that banks are evaluating their loan portfolio with regard to customers who availed moratorium of interest repayment during the fist instalment period of […]

  • Friday, 16 April 2021
Bank-Money
Banks To Face Tough Time Reporting Bad Loans, Restructuring To Increase

New Delhi: Banks and other secured lenders may face a tough time in terms of reporting of non-performing assets in their books and may take to loan restructuring over the next one year as new cases under the Insolvency and Bankruptcy Code (IBC) will not be admitted, experts said. The Centre has suspended the admission […]

  • Friday, 16 April 2021
MODIJI
PM Modi Discusses Credit Growth, Risk Aversion With Banks, NBFCs

New Delhi: Prime Minister Narendra Modi on Wednesday held a meeting with the stakeholders of banks and NBFCs and discussed issues in the financial sector, including credit growth and risk aversion. The meeting largely talked about the vision and roadmap for the future. A statement from the Prime Minister’s Office (PMO) said that the crucial […]

  • Wednesday, 14 April 2021
Bank
Trade Union Strike: 20L Cheques Worth 18000 Cr 'Miss' Clearance

Chennai:  Banking operations across the country was affected on Thursday with about 4.5 lakh bank employees joining the nationwide strike called by the central trade unions, said a top official of the All India Bank Employees’ Association (AIBEA). He also said about 20 lakh cheques worth about Rs 18,000 crore could not be sent for […]

  • Friday, 09 April 2021
RBI
RBI Extends Cheque Truncation System In Banks; Click For Latest Circular

Bhubaneswar: The Reserve Bank Of India (RBI) has decided to extend the Cheque Truncation System (CTS) across banks in the country. Earlier, the RBI had announced pan-India coverage of CTS by bringing all branches of banks in the country under an image-based CTS clearing mechanism. As per the latest notification, the CTS is in use […]

  • Saturday, 03 April 2021
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