Banking In India
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Foreign Banks Bought Nearly $1 Billion Of Indian Bonds On Thursday: Report
Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from Clearing Corp of India showed.
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Opinion: Cooperative Banks - Safe As Houses Or Dodgy As Casinos?
What happens in India to a depositor when a Cooperative Bank's numbers go deep into negative territory either because it has very large NPAs, or there is skulduggery, or acts of sheer incompetence- or a combination of all three?
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63 Districts In Country Without Blood Banks: Centre Tells Lok Sabha
There are 3,500 licensed blood banks in the country and 63 districts are without the facility, Union Health Minister Mansukh Mandaviya told Lok Sabha on Friday.
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Banks Have Lost Over 1,000 Employees To Covid, Many More Infected: Report
Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.
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How Do You Take 1.3 Billion People To The Bank?
In the futurist law now named after him, the late Stanford University computer scientist Roy Amara once declared, "We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run." India's public digital infrastructure - in many ways, an immense online bureaucracy - is an outlier to this principle.
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Case Against Ex-Official Of Guru Raghavendra Sahakara Bank In Karnataka
A case of cheating and forgery has been registered against the former chief executive officer of crisis-hit Guru Raghavendra Sahakara Bank Limited, weeks after Reserve Bank of India cap on withdrawal limit triggered panic among depositors.
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1 In Every 4 Indian Consumers Victim Of Online Financial Fraud: Report
With Indians becoming more digitally active, the risk of frauds has increased with around one in four customers becoming victims to online financial deceit, says a report.
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Why, Despite Government Offers, Farmers Are Struggling With Notes Ban
The government has taken steps, including announcing zero-balance Jan Dhan accounts for poor people, but growth of bank branches have been low as margins are slender for most lenders.
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Banks To Stay Open This Weekend After Government Ban On Rs 500, 1000 Notes
Just as Prime Minister Narendra Modi had warned, getting used to the overnight scrapping of the highest-denomination currency notes brought inconveniences.
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Once Again, India's Banks Are The Fiefdom Of The Rich
Private banking knows that the growth figures being trotted out by the government are a dangerous illusion. PSBs, alas, do not have the privilege of making up their own minds. They neglect due diligence because they are obliged to echo their Masters' Voice. They have to accept, not question, the government's assessment of growth and potential.
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Payments Banks to Change Banking Habits of Indians: Finance Minister Arun Jaitley
The proposed payments banks will change banking habits in the country as more and more people entering formal banking network would act as a "game-changer" for the economy, Finance Minister Arun Jaitley said today.
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Teller-ATM hybrid takes banking to rural India
Time was, banks employed armies of human tellers. Later, they replaced many of them with automated teller machines. Now, India is using a hybrid of the two - the human ATM - to expand banking to its vast rural population.
-
Foreign Banks Bought Nearly $1 Billion Of Indian Bonds On Thursday: Report
Foreign banks bought Indian government bonds worth 80.38 billion rupees ($962.2 million) on Thursday, the biggest single-session purchase since Feb. 1, data from Clearing Corp of India showed.
-
Opinion: Cooperative Banks - Safe As Houses Or Dodgy As Casinos?
What happens in India to a depositor when a Cooperative Bank's numbers go deep into negative territory either because it has very large NPAs, or there is skulduggery, or acts of sheer incompetence- or a combination of all three?
-
63 Districts In Country Without Blood Banks: Centre Tells Lok Sabha
There are 3,500 licensed blood banks in the country and 63 districts are without the facility, Union Health Minister Mansukh Mandaviya told Lok Sabha on Friday.
-
Banks Have Lost Over 1,000 Employees To Covid, Many More Infected: Report
Indian banks have lost more than a thousand employees and many more are infected, according to a industry body, underscoring the heavy toll virus has taken in the country battling the world's worst coronavirus crisis.
-
How Do You Take 1.3 Billion People To The Bank?
In the futurist law now named after him, the late Stanford University computer scientist Roy Amara once declared, "We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run." India's public digital infrastructure - in many ways, an immense online bureaucracy - is an outlier to this principle.
-
Case Against Ex-Official Of Guru Raghavendra Sahakara Bank In Karnataka
A case of cheating and forgery has been registered against the former chief executive officer of crisis-hit Guru Raghavendra Sahakara Bank Limited, weeks after Reserve Bank of India cap on withdrawal limit triggered panic among depositors.
-
1 In Every 4 Indian Consumers Victim Of Online Financial Fraud: Report
With Indians becoming more digitally active, the risk of frauds has increased with around one in four customers becoming victims to online financial deceit, says a report.
-
Why, Despite Government Offers, Farmers Are Struggling With Notes Ban
The government has taken steps, including announcing zero-balance Jan Dhan accounts for poor people, but growth of bank branches have been low as margins are slender for most lenders.
-
Banks To Stay Open This Weekend After Government Ban On Rs 500, 1000 Notes
Just as Prime Minister Narendra Modi had warned, getting used to the overnight scrapping of the highest-denomination currency notes brought inconveniences.
-
Once Again, India's Banks Are The Fiefdom Of The Rich
Private banking knows that the growth figures being trotted out by the government are a dangerous illusion. PSBs, alas, do not have the privilege of making up their own minds. They neglect due diligence because they are obliged to echo their Masters' Voice. They have to accept, not question, the government's assessment of growth and potential.
-
Payments Banks to Change Banking Habits of Indians: Finance Minister Arun Jaitley
The proposed payments banks will change banking habits in the country as more and more people entering formal banking network would act as a "game-changer" for the economy, Finance Minister Arun Jaitley said today.
-
Teller-ATM hybrid takes banking to rural India
Time was, banks employed armies of human tellers. Later, they replaced many of them with automated teller machines. Now, India is using a hybrid of the two - the human ATM - to expand banking to its vast rural population.
