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Hopes of a vaccine-powered economic recovery in 2021 pushed Wall Street’s main indexes to record highs in late-December.(Reuters)

Banks, industrials lift Dow, S&P 500 on possible Democrat sweep in Georgia

By Reuters | Posted by Deepali Sharma
UPDATED ON JAN 06, 2021 11:08 PM IST
The tech-heavy Nasdaq slipped 0.7% as behemoths Apple Inc , Microsoft Corp, Amazon.com Inc, Google-parent Alphabet Inc and Facebook Inc dropped between 1.6% and 2%.
India faces the challenge of boosting spending on productive assets that aid economic growth after being forced to direct the bulk of stimulus last year on the poor and the farmers to protect them from a pandemic-induced slowdown.(Bloomberg representative image)
India faces the challenge of boosting spending on productive assets that aid economic growth after being forced to direct the bulk of stimulus last year on the poor and the farmers to protect them from a pandemic-induced slowdown.(Bloomberg representative image)

India considers creating bank with $13.7 billion equity capital to fund roads

By Bloomberg | Posted by Deepali Sharma
PUBLISHED ON JAN 06, 2021 03:28 PM IST
Attracting foreign investment is also crucial to meet Modi’s goal of spending $1.5 trillion on new roads, rail links and other infrastructure over the next five years as public finances deteriorate.
A branch of Bank of Baroda (BoB) is seen in this file photo. Bank of Baroda has announced the launch of banking services on messaging platform WhatsApp.(Mint Photo)
A branch of Bank of Baroda (BoB) is seen in this file photo. Bank of Baroda has announced the launch of banking services on messaging platform WhatsApp.(Mint Photo)

Bank of Baroda launches WhatsApp services. Here’s what you need to know

By hindustantimes.com | Edited by Meenakshi Ray
PUBLISHED ON JAN 05, 2021 08:00 AM IST
The key benefits of Bank of Baroda’s WhatsApp service are 24X7 availability of banking services, no additional requirement of application download, easy access and convenience to all customers. It will be available on both Android and iPhone at no additional service charge.
In September last year, the RBI had capped the withdrawal limit and restricted the activities of the PMC Bank after an alleged fraud of Rs 4,355 crore came to light.(HT Archive)
In September last year, the RBI had capped the withdrawal limit and restricted the activities of the PMC Bank after an alleged fraud of Rs 4,355 crore came to light.(HT Archive)

ED summons Varsha Raut for questioning on Dec 29

Mumbai | By Asian News International | Posted by Shankhyaneel Sarkar
UPDATED ON DEC 27, 2020 10:44 PM IST
This is the third summons sent to the Sena leader’s wife. She had skipped the earlier two summons citing ill health.
While the banks argued a right to waive their security over the Indian assets involved in the case in order to recover their debt in the UK, lawyers for the 65-year-old businessman argued that the funds in question involved public money held by state-owned banks in India which precluded them from such a security waiver.(AP)
While the banks argued a right to waive their security over the Indian assets involved in the case in order to recover their debt in the UK, lawyers for the 65-year-old businessman argued that the funds in question involved public money held by state-owned banks in India which precluded them from such a security waiver.(AP)

Banks pursue UK bankruptcy order against Vijay Mallya

London | By Press Trust of India | Posted by Nilavro Ghosh
UPDATED ON DEC 19, 2020 07:43 PM IST
At a virtual hearing before Chief Insolvencies and Companies Court (ICC) Judge Michael Briggs on Friday, both sides deposed retired Indian Supreme Court justices as expert witnesses on Indian law in support of their arguments for and against a bankruptcy order against Mallya in the UK.
(HT File Photo)
(HT File Photo)

5.32 lakh gutted in botched ATM robbery in Ludhiana

Hindustan Times/Ludhiana | By HT Correspondent, Ludhiana
UPDATED ON DEC 16, 2020 12:57 AM IST
As per the data retrieved from the CCTV, the burglars had struck at 4.20am
(Representative Image)
(Representative Image)

Ludhiana teen duped of 45,000 cash in bank

Hindustan Times/Ludhiana | By HT Correspondent, Ludhiana
UPDATED ON DEC 04, 2020 12:01 AM IST
The two fraudsters asked the victim to deposit money for them
RBI must justify its decision with unequivocal logic before it embarks upon this enterprise. Otherwise, it will not only compromise its own dignity, but will also be charged with being a dependent banking regulator(HT Archives)
RBI must justify its decision with unequivocal logic before it embarks upon this enterprise. Otherwise, it will not only compromise its own dignity, but will also be charged with being a dependent banking regulator(HT Archives)

Corporate-owned banks pose a risk

By Kapil Sibal
UPDATED ON DEC 02, 2020 08:36 PM IST
The conflict of interest is apparent. Find other ways to infuse capital into the system
UCO Bank Recruitment 2020.(HT file)
UCO Bank Recruitment 2020.(HT file)

UCO Bank Recruitment 2020: 91 vacancies for Specialist Officer cadre notified

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Akhilesh Nagari
PUBLISHED ON OCT 26, 2020 09:14 AM IST
UCO Bank Recruitment 2020: After the application process begins, interested and eligible candidates for the posts will be able to apply online at www.ucobank.com on or before November 17, 2020.
The Reserve Bank of India (RBI) did not extend a moratorium on loan repayment by small and medium enterprises (MSMEs) that ended on August 31.(REUTERS)
The Reserve Bank of India (RBI) did not extend a moratorium on loan repayment by small and medium enterprises (MSMEs) that ended on August 31.(REUTERS)

Banks to roll out stressed loans resolution scheme by Sept 15

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON SEP 03, 2020 07:17 PM IST
Finance minister Nirmala Sitharaman asked banks and NBFCs to factor in Covid-19 related distress to assess creditworthiness of the borrowers when rolling out their resolution schemes for stressed borrowers.
The policy regime in India places a lot of importance on the rankings. After assuming power in 2014, the Narendra Modi government set a target for India to be among top 50 countries in the rankings. In 2014, India was ranked 142nd.(Amal KS/HT PHOTO)
The policy regime in India places a lot of importance on the rankings. After assuming power in 2014, the Narendra Modi government set a target for India to be among top 50 countries in the rankings. In 2014, India was ranked 142nd.(Amal KS/HT PHOTO)

World Bank’s ‘Doing Business Report’ on hold over data fudging concerns

Hindustan Times, New Delhi | By Roshan Kishore and Rajeev Jayaswal
UPDATED ON AUG 29, 2020 03:43 AM IST
The effective suspension of the publication of the rankings has been announced in the wake of a number of reported irregularities regarding changes to data in the 2018 and 2020 reports published in October 2017 and October 2019.
The top lenders under the Emergency Credit Line Guarantee Scheme are State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), Bank of India, Union Bank of India and HDFC Bank Ltd.(REUTERS)
The top lenders under the Emergency Credit Line Guarantee Scheme are State Bank of India (SBI), Canara Bank, Punjab National Bank (PNB), Bank of India, Union Bank of India and HDFC Bank Ltd.(REUTERS)

Banks sanctioned 1.5 lakh crore easy loans to small enterprises

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON AUG 20, 2020 01:41 PM IST
The scheme provides for an easy additional working capital loan at a concessional rate of interest to an existing borrower who is not a defaulter
Several needy people are benefiting through these banks that started functioning from May 25.(HT Photo)
Several needy people are benefiting through these banks that started functioning from May 25.(HT Photo)

Unique banks in Prayagraj lend helping hand to needy during pandemic

Hindustan Times, Prayagraj | By K Sandeep Kumar
PUBLISHED ON AUG 20, 2020 09:12 AM IST
Volunteers distribute soaps, sanitary pads and essential cereals. Some devote their time to visiting old and infirm people at their homes
Bank of India Recruitment 2020(HT file)
Bank of India Recruitment 2020(HT file)

Bank of India Recruitment 2020: Application begins for 28 posts of officers, clerk, details here

Hindustan Times, New Delhi | By hindustantimes.com| Edited by Nandini
PUBLISHED ON AUG 01, 2020 11:12 AM IST
ank of India Recruitment 2020:Bank of India has opened its application window for recruitment against 28 vacancies for the posts of officers and clerk, on August 1. Aspirants can apply online at bankofindia.co.in
Prime Minister Narendra Modi ‘s meeting with bankers focused on a roadmap for the future to ensure stable credit growth.(PTI)
Prime Minister Narendra Modi ‘s meeting with bankers focused on a roadmap for the future to ensure stable credit growth.(PTI)

PM Modi meets stakeholders from banks, NBFCs to discuss roadmap for future

Hinduistan Times, New Delhi | By HT Correspondent
PUBLISHED ON JUL 29, 2020 10:55 PM IST
The meeting discussed the crucial role of the financial and banking system of supporting growth, the Prime Minister’s Office (PMO) said
The Wadhawans claimed that they had provided enough collateral security in the form of immovable properties while taking out the loans. Photo by Aniruddha Chowdhury/Mint
The Wadhawans claimed that they had provided enough collateral security in the form of immovable properties while taking out the loans. Photo by Aniruddha Chowdhury/Mint

PMC Bank fraud: PMLA court rejects bail plea of Rakesh and Sarang Wadhawan

Hindustan Times, Mumbai | By Charul Shah
UPDATED ON JUL 14, 2020 05:27 PM IST
In their bail pleas, the Wadhawans had claimed that they were ready to repay the loans taken from the bankrupt bank.
New Delhi: Union Finance Minister Nirmala Sitharaman was addressing members of the PHD Chamber of Commerce through a video conference here.(PTI)
New Delhi: Union Finance Minister Nirmala Sitharaman was addressing members of the PHD Chamber of Commerce through a video conference here.(PTI)

Will ensure banks pass on rate cut benefits to consumers: FM to India Inc

New Delhi | By Press Trust of India
UPDATED ON JUN 19, 2020 07:58 PM IST
Last month, the RBI slashed the benchmark repurchase (repo) rate, the price at which banks borrow from the central bank, by 40 basis points to a historic low of 4 per cent.
Chief minister if Bihar Nitish Kumar was addressing bankers at the 72nd state level bankers committee meeting.(HT Photo)
Chief minister if Bihar Nitish Kumar was addressing bankers at the 72nd state level bankers committee meeting.(HT Photo)

Nitish Kumar nudges banks for better credit flow

Hindustan Times, Patna | By Anil Kumar, Patna
PUBLISHED ON JUN 16, 2020 07:48 AM IST
The first step towards this would be to increase the ACP target and, at the same time, augment their branch presence at the panchayat level to ensure that none of the 8,386 panchayat remains without a bank branch.
RBI has already issued the guidelines for on-tap licensing of universal banks as well as small finance banks in order to leverage these developments for engendering competition through entry of new players.(Bloomberg)
RBI has already issued the guidelines for on-tap licensing of universal banks as well as small finance banks in order to leverage these developments for engendering competition through entry of new players.(Bloomberg)

RBI to review guidelines on ownership, corporate structure of private banks

Mumbai | By Press Trust of India
UPDATED ON JUN 12, 2020 09:29 PM IST
The panel has been asked to review the extant licensing guidelines and regulations relating to ownership and control in Indian private sector banks and suggest appropriate norms, keeping in mind the issue of excessive concentration of ownership and control, as well as international practices and domestic requirements.
A senior banker of a large foreign bank said, requesting anonymity, that many lenders will be forced to sell their profitable assets if India’s risk increases.(Getty Images/iStockphoto)
A senior banker of a large foreign bank said, requesting anonymity, that many lenders will be forced to sell their profitable assets if India’s risk increases.(Getty Images/iStockphoto)

Foreign banks may offload India loans

Hindustan Times, Mumbai | By Shayan Ghosh & Deborshi Chaki
PUBLISHED ON JUN 03, 2020 04:08 AM IST
According to at least two industry experts, foreign banks are already aware of the impending risks and have begun negotiations to sell their loan portfolios, including those given to some of the best-rated corporates in India.
Most of these financial institutions are repurposing existing workforces to pursue their low-ticket borrowers once the lockdown measures and the six-month moratorium on loan repayments are lifted.(Bloomberg file photo. Representative image)
Most of these financial institutions are repurposing existing workforces to pursue their low-ticket borrowers once the lockdown measures and the six-month moratorium on loan repayments are lifted.(Bloomberg file photo. Representative image)

Banks craft loan recovery plans amid Coronavirus outbreak

Livemint, Mumbai | By Gopika Gopakumar
PUBLISHED ON JUN 01, 2020 08:25 AM IST
State Bank of India (SBI), for instance, is exploring a tie-up with the department of posts to reach out to the bank’s massive customer base.
There are 65.26 lakh central government pensioners.(HT File photo)
There are 65.26 lakh central government pensioners.(HT File photo)

Banks adopting different procedures while releasing pensions: Government

New Delhi | By Press Trust of India
PUBLISHED ON MAY 16, 2020 11:14 PM IST
The ministry has issued consolidated guidelines to chairman and managing directors (CMDs) of pension disbursing banks to create awareness among Central Pension Processing Centre (CPPC)/ bank branches on updated rules and instructions in this regard.
The Wadhawans moved the high court seeking anticipatory bail in both the cases after the special courts in Mumbai rejected their pre-arrest bail pleas on April 28. (HT photo)
The Wadhawans moved the high court seeking anticipatory bail in both the cases after the special courts in Mumbai rejected their pre-arrest bail pleas on April 28. (HT photo)

Bombay HC rejects pre-arrest bail pleas of DHFL’s Wadhawan brothers

Hindustan Times, Mumbai | By HT Correspondent
PUBLISHED ON MAY 12, 2020 02:26 PM IST
The Wadhawan brothers are accused of diverting about Rs 4122 crore from the General Provident Fund (GPF) and Central Provident Fund (CPF) deposits of UPPCL to their company.
After applying and paying online, the designated sampark centre will accept the request of requisition bank for issuance of stamp papers, and print them as per details provided by bank(s).(Arijit Sen/HT PHOTO)
After applying and paying online, the designated sampark centre will accept the request of requisition bank for issuance of stamp papers, and print them as per details provided by bank(s).(Arijit Sen/HT PHOTO)

Banks can now apply for stamp papers online in Chandigarh

Hindustan Times, Chandigarh | By HT Correspondent
UPDATED ON MAY 07, 2020 12:23 PM IST
With the launch of this facility, banks can now apply online on sampark portal www.sampark.nic.in, for stamp papers of any denomination and also pay online as the application is integrated with payment aggregator.
The bank informed the police and reportedly told them that many staff members had touched the cheque.(Photo by Sonu Mehta/Hindustan Times)
The bank informed the police and reportedly told them that many staff members had touched the cheque.(Photo by Sonu Mehta/Hindustan Times)

Delhi: Man deposits cheque signed by Covid patient, bank panics

Hindustan Times, New Delhi | By Karn Pratap Singh and Shiv Sunny, New Delhi
UPDATED ON MAY 04, 2020 03:50 AM IST
Deputy commissioner of police (northwest) Vijayanta Arya said that a case under Section 188 (disobedience to order duly promulgated by public servant) of the Indian Penal Code has been registered for the violation of home-quarantine rules.
HT Image
HT Image

Haryana crop purchase: INLD leader Abhay Chautala says arhtiyas are like ATMs and banks for farmers

By HT Correspondent, Hisar
UPDATED ON APR 22, 2020 01:08 AM IST
The Ellenabad MLA wants wheat and mustard procurement to be carried out as per the old formula wherein farmers sell their produce to commission agents
During these bank holidays, ATMs too may not always disburse cash. So, people should ideally keep some cash at home for emergency needs.(Pradeep Gaur/Mint. Image for representational purpose)
During these bank holidays, ATMs too may not always disburse cash. So, people should ideally keep some cash at home for emergency needs.(Pradeep Gaur/Mint. Image for representational purpose)

Bank Holidays in April 2020: Banks shut on 14 days this month

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON APR 02, 2020 06:14 PM IST
There is some respite in the offing, however, for bank staff as Indian banks will remain shut for 14 days in April 2020 due to various scheduled bank holidays.
A trader wearing protective hand gloves counts currency notes at a market during a 21-day nationwide lockdown to limit the spreading of coronavirus disease (COVID-19), in Kochi.(REUTERS)
A trader wearing protective hand gloves counts currency notes at a market during a 21-day nationwide lockdown to limit the spreading of coronavirus disease (COVID-19), in Kochi.(REUTERS)

Covid-19 update: ‘Bank branches have enough cash’, assures Finance Ministry

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 27, 2020 07:35 PM IST
A finance ministry spokesperson said banks come under essential services and it will continue to function to ensure that relief measures announced by the government on Thursday could reach the targeted beneficiaries.
Covid 19: A commuter, wearing a protective face mask, crosses London Bridge in view of Tower Bridge in London, UK.(Bloomberg)
Covid 19: A commuter, wearing a protective face mask, crosses London Bridge in view of Tower Bridge in London, UK.(Bloomberg)

Coronavirus update: UK death toll 128; Bank of England cuts interest rate to historic low of 0.1%

Hindustan Times, London | By Prasun Sonwalkar
PUBLISHED ON MAR 19, 2020 10:40 PM IST
Coronavirus update: Lowering the interest rate was among new plans of the Boris Johnson government to deal with the growing scale of the challenge, including publishing a new bill in the House of Commons to provide more emergency powers to authorities.
Yes Bank promoter Rana Kapoor being produced at a court, in Mumbai on Monday.(PTI Photo)
Yes Bank promoter Rana Kapoor being produced at a court, in Mumbai on Monday.(PTI Photo)

Yes Bank founder Rana Kapoor’s ED custody extended till March 20; agency probes money laundering charges

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAR 16, 2020 05:28 PM IST
Rana Kapoor was arrested by the Enforcement Directorate on March 8 in charges of money laundering.
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