Banking Archives - Maeeshat

EditorJune 27, 2022

Credit rating agency Moody’s Investors Service on Monday said banks in India, Saudi Arabia and South Africa would post larger increases in margins in FY23. Chennai, June 27, 2022: Credit rating agency Moody’s Investors Service on Monday said banks in India, Saudi Arabia and South Africa would post larger increases in margins in FY23. Moody’s […]

EditorJune 2, 2022

The Reserve Bank of India has launched the 2021-22 round of its annual survey on “Foreign Liabilities and Assets of Mutual Funds and Asset Management Companies”, the central bank said in a statement on Thursday. New Delhi, June 2 : The Reserve Bank of India has launched the 2021-22 round of its annual survey on “Foreign […]

EditorMay 31, 2022

New Delhi, Delhi, India Max Life Insurance Co. Ltd. (“Max Life / “Company”) and Axis Bank Ltd. (“Axis Bank”) have completed twelve years of bancassurance partnership. On this milestone, the companies are aiming to enhance their distribution network in this fiscal. In FY21-22, Axis Bank together with its subsidiaries have acquired 12.99 percent stake in the Company. […]

EditorMay 20, 2022

Bank employees are again on the warpath with several major unions of different banks threatening to go on a one or two-day strike in May-end Mumbai: Bank employees are again on the warpath with several major unions of different banks threatening to go on a one or two-day strike in May-end, activists said here on Thursday. […]

EditorFebruary 17, 2022

Besides LIC, other notables defrauded are: Bank of Baroda (Rs 1,614-crore), EXIM Bank (Rs 1,327 crore), Punjab National Bank (Rs 1,244 crore), Indian Overseas Bank (Rs 1,228 crore) Mumbai: The sensational Rs 22,842 crore mega loan fraud allegedly perpetrated by the Gujarat-based ABG Shipyard Ltd (ABGSL) did not spare the IPO-bound Life Insurance Corporation of India […]

EditorJanuary 9, 2022

Naiyyer-Fatemi-Managing-Director-of-Al-Khair-Co-operative-Credit-Society.jpg

By Danish Reyaz Although the commercial banking system has propagated to far-flung areas, a large chunk of people, especially the poor, still remain out of their bounds. Reasons are many, including banks own reluctance towards disbursing small loans to these people. As a result, poor and low-income families often go to the local money lenders, […]

EditorDecember 19, 2021

Chennai: The ongoing two-day nationwide bank strike against the privatisation of government banks has affected clearing of cheques worth about Rs 37,000 crore, said C.H. Venkatachalam, General Secretary of the All India Bank Employees’ Association (AIBEA). “There are three cheque clearing centres in India — Chennai, Delhi and Mumbai. In two days – Thursday and Friday […]

EditorDecember 16, 2021

About 10 lakh bankers in public and private sector banks are participating in the strike that began today Chennai: A two-day nationwide bank strike called by United Forum of Bank Unions (UFBU) against privatisation of government banks began on Thursday, said C.H.Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA). The UFBU is an umbrella body […]

adminMay 25, 2021

During the UPA’s 10-year rule, around Rs 2,20,328 crore was written off by various banks, and this figure shot up to Rs 7,94,354 crore during the NDA regime from 2015-2019, resulting in a corresponding reduction in the banks’ NPAs. Quaid Najmi MUMBAI — In a dubious distinction of sorts, the Bharatiya Janata Party-led NDA rule achieved […]

adminMay 25, 2021

As many as 213 (17 per cent) out of 1,266 candidates in the first phase of Lok Sabha elections have declared criminal cases against themselves while 146 (12 per cent) have declared serious criminal cases, as per Association for Democratic Reforms (ADR). The election watchdog has analysed the self-sworn affidavits of 1,266 out of 1,279 […]

Category: Banking

Indian Banks to post larger increase in margins: Moody’s

RBI launches annual survey on foreign liabilities, assets of MF, AMC

Max Life and Axis Bank Aim to Grow Distribution Strength in FY23

Bank employees announce another round of shutdown on May 30-31

Biggest Bank Fraud: LIC grazed; ICICI, IDBI worst-hit in Rs 22,842 cr scam

Al-Khair Co-Operative Credit Society Strives to Improve the Economic Lot of Low-Income Groups

Cheques clearance worth Rs 37,000 cr affected by bank strike

Banks to remain close for next 4 days as unions go on nationwide strike

Banks’ Loans Write-off: NDA Scores Three Times Over UPA, Says RTI

Criminal cases against 213 candidates in first phase: Report

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