Personal finance

Lenders, headed by Union Bank of India, have formed a committee to discuss a debt resolution plan.India’s surprise seizure of a troubled Indian shadow bank won’t end the woes of its lenders, faced with the risk of heavy writeoffs if…
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The unions will stage dharna on December 10 in front of the Parliament, it said.Various bank unions plan to stage dharna on December 10 in front of the Parliament to protest against the government decision to merger 10 public sector…
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CSB Bank CEO CVR Rajendran The 98-year-old CSB Bank, which received a capital infusion from Canadian billionaire Prem Watsa’s Fairfax India, has capital required for the next three to four years and the initial public offering (IPO) by…
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According to RBI’s latest data, deposit insurance covers 92% of the total number of accounts in India but only 28% of the total deposits with the banking system.The government is considering raising the insurance cover for bank deposits…
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With the arrest of Rajneet Singh, total nine persons have been arrested in connection with the alleged Rs 4355-crore scam, including three top bank officials and two promoters of HDIL –Rakesh and Sarang Wadhawan, and auditors.A day after…
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Union Finance Minister Nirmala Sitharaman (File Photo)Finance minister Nirmala Sitharaman on Friday said the Banking Regulation Act and other relevant laws will be amended suitably, possibly in the upcoming session of Parliament starting…
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UBS had raised concerns about malpractice by client advisors in Hong Kong and Singapore in 2016, prompting the central bank to launch a probe. (Reuters)Singapore has fined Swiss banking giant UBS Sg$11.2 million ($8 million) after…
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Under Basel III norms, the CAR required is 8% but the RBI has set it at 9% for commercial banks and 12% for public sector banks.Twelve years after the Gujarat International Finance Tec-City (GIFT City) was mooted with a grand plan to…
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BoB is the lead bank in the consortium of lenders to the two companies.Bank of Baroda (BoB) is understood to have classified its exposures to two non-banking financial companies (NBFCs) from the ADAG group as non-performing assets (NPAs)…
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Paytm claims a customer base of more than 1.5 crore and an annual gross merchandise value of Rs 7,100 crore in its travel vertical businessA prominent investment manager got a rude shock this morning, when he discovered that Rs 5,000…
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