Banknet relaunches Press Release section for updates from BFSI, IT-BPO Companies.
Banknet Group will publish stories of achievers, entrepreneurs from BFSI, IT
Banks to educate public against placing deposits in dubious schemes
Banknet Group support Digital India, the initiative to connect rural communities to the internet
Bank Employees Association to go on Nation-wide strike on June 24
Banks to have a robust system of internal audit of all outsourced activities
PSU Bankers get 15 percent salary hike and Holiday on two alternate saturdays.
Bank Unions postpone 4 day strike on assurance of IBA on wage settlement
Banks to pay Rs 1.06 crore to customers for online banking frauds
Banknet releases Handbook on Mergers and Acquisitions in Indian Banking System
Bank unions threaten month-long agitation as wage talks with IBA fail again
Banks will not need to return paid government cheques to concerned depts
Banknet launches First News App focused on Financial World for Mobiles and Tablets
Bank of India (BOI) is raising Rs 2,500 crore via perpetual bonds
Banknet connect 2014-15 will commemorate the 15 year journey of Banknet Group
The Bank of England warned Thursday that the British economy could suffer its deepest annual contraction in more than three centuries as a result of the coronavirus pandemic, before bouncing back next year.
Banks are flush with liquidity, but they also have to look after the interest of depositors.
Banks could review extending the moratorium to non-banking financial companies (NBFCs) after a meeting with the Reserve Bank of India (RBI) on Saturday.
The state-owned bank launched an emergency credit line to provide funds to its existing MSME and corporate borrowers in the last week of March, soon after the lockdown was announced.
According to sources, the RBI has conveyed to banks that there is no restriction for them to provide moratorium to NBFCs.
This classification will require banks to make provisions of 100% of the total amount due to them as per Reserve Bank of India (RBI) guidelines.
The remaining Rs 4,500 crore will be raised by way of additional Tier-1 and Tier-2 capital instruments with an inter-changeability option, the bank said in the release.
In the fiscal ended March 31, 2020, bank loans had decelerated to 6.14 per cent, a near five-decade low, due to slower economic growth, lower demand and as banks remained risk averse.
Earlier, the Business Correspondent Federation of India (BCFI) had said that while the BCs were offering services of cash withdrawal, very few are depositing money in the wake of the current lockdown.
Banks are required to hold LCR which is 100 per cent equivalent of projected cash outflows during the 30-day stress scenario.
Private banks are also understood to be entertaining requests for a moratorium as some of them have exposure to microfinance borrowers themselves and have a good sense of the market.
Direct Benefit Transfer (DBT) to the poor and vulnerable section of society, hit hard by the coronavirus outbreak and the consequent lockdown, is providing financial support for sustaining during these difficult times.
RBI clarified that any amount that is not used within the given time frame would attract a penal interest – the prevailing policy repo rate plus 200 basis points for the number of days the money remained unused.
Banks have been facing difficulty due to the shutdown following COVID-19 pandemic and a cut in LCR requirement is likely to manage their liquidity effectively.
Banks are offering Covid-19 personal loans only to existing borrowers and pension and salary account holders
Non-food credit fell Rs 67,910 crore to Rs 102.17 lakh crore, while food credit fell Rs 1,430 crore to Rs 52,643 crore.
Bank Audi proposed using government assets as collateral to offset the losses of the Central Bank and commercial banks that were the result of lending to the state.
Banks can be as powerful and valued as the big technology firms. Yes, those trillion-dollar titans.
Bank of Spain Working Papers by Henrique S. Basso and Juan F. Jimeno
Bank for International Settlements BIS Working Papers by Francesca Carapella and Cyril Monnet
Bank of England Working Papers by Nicola Garbarino and Benjamin Guin
Bank of England Working Papers by Cristiano Cantore, Filippo Ferroni and Miguel León-Ledesma
Bank of England Working Papers by Cristiano Cantore and Lukas Freund
Bank of England Working Papers by Aydan Dogan and Ida Hjortsoe
Bank of Finland Research Discussion Papers by Gonçalo Faria and Fabio Verona
Bank of Finland Research Discussion Papers by Eleonora Granziera and Markus Sihvonen
Bank of Finland Research Discussion Papers by Gene Ambrocio
Bank for International Settlements BIS Working Papers by Claudio Borio, Marc Farag and Nikola Tarashev
Bank for International Settlements BIS Working Papers by David Cook and Nikhil Patel
Bank of Italy Working Papers by Eleonora Porreca and Alfonso Rosolia
Bank of Italy Working Papers by Andrea Gazzani and Alejandro Vicondoa
Bank of Italy Working Papers by Luca Metelli, Filippo Natoli and Luca Rossi
Bank of Italy Working Papers by Concetta Rondinelli and Roberta Zizza
Bank of Italy Working Papers by Giorgio Albareto, Andrea Cardillo, Andrea Hamaui and Giuseppe Marinelli
Banks' performance on equity and debt markets since the Covid-19 outbreak has been on a par with that experienced after the collapse of Lehman Brothers in 2008. During the initial phase, the market sell-off swept over all banks, which underperformed significantly relative to other sectors. Still, markets showed some differentiation by bank nationality, and credit default swap (CDS) spreads rose the most for those banks that had entered the crisis with the highest level of credit risk. The subsequent stabilisation, brought about by forceful policy measures since mid-March, has favoured banks with higher profitability and healthier balance sheets. Less profitable banks saw their long-term rating outlooks revised to negative. And the CDS spreads of the riskiest banks continued increasing even through the stabilisation phase.