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Bank systems were clogged due to year-end system maintenance. Transactions were delayed for more than 24 hours, which otherwise would have been possible in a few seconds. Customers of top banks with large retail interfaces are said to have suffered the most.
Lending opportunities to overseas students intact, says AvanseAbout 1.6% of its total loans are non-performing while gross NPA was 0.44% when it comes to educational loans, the company said. “The company has always focused on prudent management of cash flows and thus, has maintained a… Read MoreExtend restructuring 2.0 to all cos, PSBs tell RBIIn a video conference with RBI governor Shaktikanta Das CEOs of all 12 public sector banks were unanimous in their request for a second round of restructuring as the second wave of the Covid 19 pandemic has hit both lives and… Read MoreSGX Nifty up 25 points; here's what changed for market while you were sleepingNifty50 on Wednesday formed a Shooting Star candle on the daily chart, which is generally found in an uptrend and suggests a potential trend reversal.
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… Read MoreStocks in the news: Infosys, Bosch, HPCL, Axis Bank, Indiabulls Housing, Tanla Platforms and CoforgeThe central government's sale of shares, held through SUUTI, in Axis Bank got subscribed over four times on the first day of offer on Wednesday.
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… Read MoreTop bank stocks can give 15-35% returnsAnalysts have an eye on HDFC twins, ICICI, SBI, Axis, IndusInd and Bandhan who are expected to weather Covid 2.0
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