Three Bank Services You Can Get From Your Post Office
Photo: Jonathan Weiss (Shutterstock) If you’re one of the more than 7 million people in this country who are “unbanked,” you know how hard it can be to live a…
Gamify Your Savings Goals With Sticky Notes
With the never-ending prospect of a recession hanging over our heads, building out your savings is a mental challenge. A tough economy is exactly when building up your savings should…
Fed Raises Interest Rate, Says US Banking System Is “Sound And Resilient”
The Fed’s latest statement no longer says that “ongoing increases” in rates will likely be appropriate.The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point,…
How To Protect Your Money With Banks Facing Turmoil
Credit Suisse’s bonds were showing signs of deep financial stress.The problems at Credit Suisse are fueling anxiety for people who want to make sure their money is safe.Days after three…
Chasing Customers, Banks Offer Inflation-Beating Deposit Rate Of 8%
Even after a surprise spurt in retail inflation for January, the real rates are in the green. (File)Mumbai: As banks’ chase for customers to collect cheap deposits is not fructifying,…
Secured Creditors Hit By Proposed Change To India Insolvency Law
Secured creditors, typically banks and bondholders, would continue to have first claim on proceeds.India’s banks and bondholders stand to recover less in insolvency resolutions under a proposed change in law…
Adani Group Hires Banks to Hold Investor Calls Amid Debt Turmoil
At least 200 institutions have had exposure to Adani Group’s $8 billion in dollar bonds. (File)Adani Group will kick off calls with bondholders Thursday as the beleaguered conglomerate seeks to…
Banks’ Exposure To Adani Group “Not Very Significant”, Resilience Of Banking System Much Stronger: Reserve Bank
The RBI Governor said that a bank’s lending calls are not done on the market capitalisation of a firm.Mumbai: Domestic banks’ exposure to the Adani Group is “not very significant”,…
Banks’ Exposure To Adani Group “Insufficient” To Pose Credit Risk, Says Fitch
SBI’s total exposure was 0.9% of its total loan book. (File)Mumbai: The exposure of Indian banks to the embattled Adani Group is “insufficient in itself” to present a substantial risk…
SBI, ICICI Bank, HDFC Bank Continue ‘To Be Too Big To Fail’: RBI
The Reserve Bank of India (RBI) had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016. (File)Mumbai: The RBI on Monday said state-owned SBI, along with private sector…