Budget 2020

Federal Bank Q3 results: Restructured book half of estimates, signals no big jolt for system

Federal Bank’s total restructured loans in the corporate and retail segments are half of its expectations in what could be a early sign that banks will not have to restructure many large loans due to the Covid 19 pandemic. The bank has so far restructured corporate and retail loans of Rs 1067 crore including Rs […]

Sports

England’s new signal system within spirit of the game, says captain Morgan

By: Reuters | Cape Town | Updated: December 4, 2020 11:12:38 am Eoin Morgan said there was nothing untoward about a new system of signals. (Reuters) England captain Eoin Morgan said there was nothing untoward about a new system of signals from analysts in the dressing room used to send messages to him on the […]

Budget 2020

Lakshmi Vilas Bank: Has ease of credit availability in our system encouraged fraud?

By Uma Shashikant There is reason to cheer the move to merge Lakshmi Vilas Bank with DBS. Stakeholders will cry as if they have been cheated, but this solution has its merits. No one will deny that the Indian banking system requires serious repair. There are multiple reasons for the serious systematic risks posed by […]

Budget 2020

SBI core banking system impacted, ATMs continue to work fine

State Bank of India (SBI) customers, since yesterday, have been posting on social media about various issues they have been facing with regards to the bank’s digital banking channels. On Tuesday, SBI via its official Twitter handle informed that services of core banking system available to its customers have been delayed due to intermittent connectivity […]

Budget 2020

Positive pay system for cheque payments to come into effect from January 1, 2021: RBI

Mumbai: In order to check banking fraud, the Reserve Bank of India has decided to introduce from January 1, 2021, the ‘positive pay system’ for cheque, under which re-confirmation of key details may be needed for payments beyond Rs 50,000. Availing of this facility would be at the discretion of the account holder. However, banks […]