Do you want to share your banking article with the viewers of Latest Bank Updates...
Send on

Friday, 15 December 2017

Central Bank of India (CBI) Recruitment for Specialist Officers 2018

Central Bank of India has published Advertisement for below mentioned Posts 2017. Other details like age limit, educational qualification, selection process, application fee and how to apply are given below.

RBI puts one more Bank under Prompt Corrective Action(PCA) framework

The state-run Corporation Bank said that the Reserve Bank of India (RBI) has enforced restrictions on it under the prompt corrective action (PCA) on account of steep rise in bad loans and the need to raise capital.

The lender’s net non-performing loans have crossed 10 percent and it incurred a loss of Rs 1,035 crore in the second quarter of fiscal 2018, as per an report in the Economic Times. Corporation Bank’s capital adequacy ratio is at 10.23 percent, but it needs to sustain at the level of 10.87 percent for March 2018.

Monday, 11 December 2017

PNB, Indian Bank, Syndicate Bank likely to launch QIPs this month

At least three state-run lenders—Punjab National Bank (PNB), Syndicate Bank and Indian Bank—are likely to launch their qualified institutional placement (QIP) offerings in the coming weeks, said three people aware of the development. Collectively, these three state-owned lenders are targeting to raise around Rs6,000-7,000 crore.
QIP is a capital-raising tool through which listed companies can sell shares, fully and partly convertible debentures, or any securities other than warrants that are convertible into stocks, to a qualified institutional buyer. Of the three, PNB is likely to be the first to launch its QIP, as early as this week, said one of the three people cited above, requesting anonymity as he is not authorized to speak to reporters.

Sunday, 10 December 2017

SBI has changed names and IFSC codes of nearly 1,300 of its Branches

Post the merger of its five associates, State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches.
The country’s largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others.
“Some of our old associate branches are getting merged with SBI branches. When that merger happens, the IFSC codes get changed,” the bank’s managing director (retail and digital banking), Praveen Gupta, said.a
He said customers have been informed about the change in IFSC codes, but internally also the bank has mapped them to the new codes.

Government extending the deadline for mandatory Aadhaar linking up to 31 March, 2018.

The Attorney-General of India K.K. Venugopal on Thursday submitted before the Supreme Court that the government will issue a notification tomorrow extending the deadline for mandatory Aadhaar linking from December 31, 2017 to March 31, 2018.
This extension will include 139 services for which the deadline for linking is currently December 31, 2017. The extension, would in all likelihood, include the mandatory linkage of Aadhaar with bank accounts. So far, private citizens run the risk of being locked out of access to their own bank accounts if they do not link them with Aadhaar by December 31.

Friday, 8 December 2017

New FRDI Bill won't take away your money in the bank says Finance Minister

The Financial Resolution and Deposit Insurance Bill, 2017 (FRDI Bill) goes beyond the current provisions to provide greater protection to depositors, the finance ministry has said defending the Bill that has raised apprehensions in some quarters. 

The statement follows concerns regarding "bail-in" provisions of the Bill. "The provisions contained in the FRDI Bill, as introduced in the Parliament, do not modify present protections to the depositors adversely at all. They provide rather additional protections to the depositors in a more transparent manner," the statement said clarifying the provisions. Introduced in the Lok Sabha on August 10, the Bill is presently under the consideration of a joint committee of Parliament, which is consulting all the stakeholders on the provisions of the proposed legislation. The claim of depositors will be further strengthened as the FRDI Bill raises the order of priority for uninsured deposits above than unsecured creditors, central and state governments, a government official told ET. 

Bank loan growth – The devil is in the details

One key parameter that is closely watched by economists and analysts to signal growth in the economy is the growth of non-food credit. The needle refused to move even as the government tried nudging banks to increase lending.
The fact that the effect of demonetisation and poor implementation of Goods and Service Tax (GST) is diminishing is visible in the non-food credit growth. Data released by Reserve Bank of India (RBI) shows loan growth of banks has hit a three-year high in November. Credit offtake had touched multi-decade lows in the past year as banks focused their energy on recovery and ‘managed’ their non-performing assets (NPAs). Credit growth was below 5 percent in February 2017.

Thursday, 7 December 2017

PSU banks: recapitalisation and banking reforms start

The Reserve Bank of India (RBI) and the finance ministry have been jointly working on the Rs2.1 trillion recapitalisation package for public sector banks. This piece of information released at the RBI governor’s press conference after the monetary policy committee meeting on Wednesday is definitely more important than RBI’s monetary policy review.

Blogger Widget