Banking & Financials Newsletter – April 10 to April 14, 2017

India Infoline News Service | Mumbai | April 15, 2017 09:39 IST

This week, “As per the new guidelines issued by country’s central bank, RBI, the struggling banks operating in India may be pushed to wind up or merge with rivals if their respective capital levels slip below the set ratios.”

Top News

 
RBI lays rules to push struggling banks to merge with rivals
 
The new framework would apply to all banks operating in India, including foreign lenders. Along with the capital levels, the guidelines will also assess a bank’s asset quality, profitability & debt levels and will aid Reserve Bank of India to take corrective actions from requiring the owners to bring in fresh capital, to restricting branch expansion both at home and overseas, to reducing management compensation and directors' fees. Read more
 
Bank details of 10 million customers stolen
 
Delhi Police has arrested a couple of people for allegedly passing on data on credit cards of consumers to operators of fake call centres. Many individuals fell victim to the frauds committed by these operators and transferred money from their accounts. Read More
 
BFSI sector leaps ahead of IT sector to become top paymaster
 
The Team-Lease Jobs and Salaries Primer: 2017 has revealed that the BFSI (banking, financial services and insurance) sector this time will pay out fairly huge increments, in steep contrast to the last couple of years when hikes were dampened. Read more
 
Payment Banks offer savings interest at 7.25% to attract customers
 
To sustain the growing competition from peers, Indian new payment banks and small finance banks are seen offering 7.25% interest rate on the savings. This is very high as compared to the universal banks that usually offered -4%. Read more

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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