Do we need a regulator for ‘unclaimed’ deposits?

MG Warrier | 3/5/2013 @ 10:50am

Besides real miscreants who collect deposits from public with the ulterior motive of cheating their ‘clientele’, the government and corporates too become indirect beneficiaries of accumulating “unclaimed deposits”. This is because money not paid back to the original depositors/ savers becomes surplus income or profit for them in due course More

Whistleblowers contradict RBI's clean chit to money laundering by banks

Sucheta Dalal | 30/4/2013 @ 12:44pm

Whistleblowers provide details of how banks were using cooperative banks to launder money More

New banking licence or old banks with new names?

AK Ramdas | 25/4/2013 @ 3:26pm

With some sixty days to go for the much hyped new banking licences, the recent news of the Parliamentary Standing Committee on Finance expressing serious views that the guidelines may lead to corrupt practices, makes one wonder what these guys were doing so long More

Why RBI is still dragging its feet over polymer currency notes?

AK Ramdas | 23/4/2013 @ 12:19pm

The central bank must clarify whether we have the necessary technology and equipment to mint these polymer notes within the country and announce the timeframe within which these notes would be launched into the financial system More

Dividend payout ratio of banks: Is there need for a change?

Gurpur | 17/4/2013 @ 5:07pm

The finance ministry should have consulted the RBI, if at all it was necessary to modify the dividend payout ratio of PSBs for whatever reasons, to avoid the predicament being faced by the public sector banks now More

Infra, retail & agri continue to drive credit growth of banks in February

Moneylife Digital Team | 5/4/2013 @ 3:28pm

Bank credit increased at a slower rate by 14.4% in February on a year-on-year basis against an increase of 15.4% in February 2012. However, Nomura’s Equity Research states, “If we assume the same quantum of loan growth for March 2013 as was achieved during the same month last year, then we are likely to see a non-food credit growth of 13.8% for FY13F.” More

Should banks pay interest on current accounts as well?

Gurpur | 2/4/2013 @ 1:04pm

Banks are not paying any interest on balances in current accounts. This has not only deprived banks deposits at cheaper rates but has also resulted in money from current accounts flowing into other markets and mutual funds More

Will the Post Office Bank be a boon or a bane?

Gurpur | 1/4/2013 @ 2:13pm

The proposed post office bank can provide the much-needed basic banking facilities in a simple, friendly way to the illiterate and less literate people across the country. However, there is no definite answer whether the post office will shed its image and work culture to take on to professionally operated commercial banks More

FSLRC recommends holding company structure for banks

Yogesh Sapkale | 22/3/2013 @ 6:37pm

One of the key risks posed by the bank subsidiary model is that the parent bank is directly exposed to the functioning of various subsidiaries and any losses incurred by the subsidiaries inevitably affect the bank balance sheets. Such risks can be mitigated largely by the FHC structure, the Working Group of FSLRC says More

Does online payment system need more push from RBI by truncating cheques?

Moneylife Digital Team | 22/3/2013 @ 5:06pm

When online payments are expanding at a phenomenally high growth rate of 30% every year, does it need the “artificial push” from the banking regulator? And that too at the cost of the banking public, majority of which is still dependent on the chequebook system? More

FSLRC working group on banking reforms endorses new organisation structure for urban cooperative banks

Moneylife Digital Team | 21/3/2013 @ 7:28pm

To remove the propensity of cooperative banks to follow borrower-oriented policies rather than policies that protect the interests of the depositors, it is necessary to have new a organisational structure of the Board of Management and Board of Directors More

Lending rates are unlikely to fall, says Nomura

Moneylife Digital Team | 20/3/2013 @ 5:05pm

The cost of funding remains high for Indian banks, as deposits have lagged behind credit growth which curtails their ability to lower lending rates, says Nomura Global Economics Research More

Banks told to issue debit, credit cards with user’s photo

Moneylife Digital Team | 15/3/2013 @ 6:01pm

Banks have been advised by the RBI to also consider cards with PIN and signature laminated cards or any other advanced methods to prevent misuse of stolen cards More

Banks require your consent to raise fixed interest rate

Moneylife Digital Team | 14/3/2013 @ 12:26pm

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Loans to industry continues to be weak

Moneylife Digital Team | 13/3/2013 @ 12:44pm

RBI released its sector-wise monthly loan data for January 2013 which reveals that non-collateralized loans (credit cards and personal loans) and vehicle loans were the best-performing segments More