Money & Banking

With the Reserve Bank of India (RBI) asking the administrator of Lakshmi Vilas Bank Ltd (LVB) to write down Tier-2 bonds worth Rs318.20 crore, several investors who bought these bonds are staring at huge loss. Earlier, the RBI has written off entire equity capital of LVB following the...
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  • Banking operations will be affected across the country on Thursday with about 4.5 lakh bank employees joining the nationwide strike called by the central trade unions, said a top official of the All India Bank Employees Association (AIBEA).   The strike was called to protest against...
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  • India financial institutions will likely have trouble maintaining momentum after the amount of new non-performing loans (NPL) declined in the first half to September 2020.   Forbearance is masking problem assets for Indian banks arising from COVID-19. Banks and other financial...
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  • Battered by the COVID-19 crisis, large companies in India are looking to their banks for digital solutions that can make their supply chains more resilient to pandemic-related disruptions. These demands are speeding up the transformation of trade finance —one of the banking industry's last...
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  • HDFC Bank's digital payment services were down over the weekend with netbanking, debit card payments, UPI, IMPS, and NEFT remaining inoperative. Many customers discovered the problem when they failed to receive one time passwords (OTPs) to complete online transactions.    People...
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