Maeeshat Bridging Business to Entrepreneurs

Paris : In a bid to define the banking industry’s role and responsibilities in shaping a sustainable future, the UN Environment Finance Initiative (UNEP FI) and 28 banks from around the world have together developed a roadmap for responsible banking ...

Mumbai : Union Road Transport and Highway Minister Nitin Gadkari on Saturday lashed out at banks saying they are not making financial closures for infrastructure projects worth Rs 2 lakh crore despite a “golden opportunity” and blamed the Reserve Bank for ...

Mumbai : The amount of banned currency notes that did not return to the system post demonetisation stands at Rs 10,700 crore, or 0.7 per cent of the old lot of notes, an RBI data showed on Wednesday. This amount ...

New Delhi : Representatives from the 11 public sector banks, which are under RBI scanner for mounting bad loans on Tuesday, assured a parliamentary panel that “things would start looking up from next year” and by 2020, they would be ...

Mumbai : Bank customers may be hit as ATM operators have demanded higher “interchange rates” for ATM transactions to enable them to comply with recent stringent RBI guidelines, an industry body said here on Wednesday. Presently, all banks charge a ...

By Rituraj Baruah, New Delhi : The affordable housing segment, which is the new rage in the real estate sector after it got infrastructure status last year, still suffers from lack of funds from banks. Market participants feel they still ...

Chennai : Banks will not remain closed for five consecutive days starting from Thursday, a union leader said on Monday. “The banks will work on March 31 (Saturday) and there is no continuous holidays as per messages in the social ...

New Delhi : Scheduled commercial banks including “select financial institutions” lost Rs 16,789 crore due to frauds in 2016-17, Parliament was informed on Friday. Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha, in a written reply, ...

Mumbai : In a move to improve risk management post the global financial crisis, the RBI on Thursday said it has decided that corporate borrowers having exposure of Rs 50 crore and above will have to mandatorily obtain the 20-digit ...

Chennai : The Centre’s Rs 2.11 trillion recapitalisation for public sector banks though a welcome move, the focus should not be lost on recovering the loans by allowing the banks to take a “haircut” (a euphemism for loan write offs), ...