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Banks plan uniform lending policy in jewellery sector

Thursday, August 1, 2019, 11:18 AM

Banks are in the process of implementing uniform policies to streamline the loan processes to gems and jewellery (G&J) industry, a senior banker said. He said one of the main challenges for the unit in the sector is obtaining credit from banks as there is a lack of uniform approach in terms of norms for security and margins, among lenders.
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RTGS, NEFT money transfer to cost less from today

Monday, July 1, 2019, 10:24 AM

With effect from today, the RBI has waived off all charges on fund transfer through Real Time Gross Settlement System (RTGS) and National Electronic Funds Transfer (NEFT) System. This, in turn, will result in lowering of fund transfer charges for bank customers. While RTGS is used for real time transfers of funds above Rs.2L, NEFT is used for fund transfers of up to Rs.2L.
 
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Damned if you do, damned if you don't: Mallya lashes out at banks

Thursday, March 28, 2019, 6:28 PM

A day after banks recovered Rs.1,008 crore by selling shares held by Vijay Mallya in United Breweries, the liquor baron tweeted, "So much so for branding me a thief who stole PSU Bank money and ran away". "All included in my settlement proposal too. Damned if you do and Damned if you don't is how I am treated," he added.

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