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There are winners amid this market crash: PSU banks defy broader market, gain up to 8%
Edit The Times of India 15 Nov 2016
Shares of public sector banks were outperforming other sectoral indices on Tuesday in an otherwise slumping market amid hopes that the government move last week to demonetise Rs 500 and Rs 1,000 currency notes will have a material impact on Casa ratios and improve bottomline of domestic lenders ... I believe PSU banks will benefit more than private lenders as they had opened a large number of Jan-Dhan accounts in the recent past....
Banks charge customers for usage of non-network ATMs
Edit The Times of India 15 Nov 2016
While hunting down that elusive ATM machine which has cash in it, banks are charging customers ATM usage fee, if they used other network machines ... The guard, who worked in Mandaveli, has an account with Indian Overseas Bank ... An account holder with Canara Bank, he was forced to walk nearly four kilometres, hunting for working ATMs before he chanced upon one which had cash ... We dont have a choice or the luxury of using only our bank ATMs....
BoG reforms to cap directors’ tenure
Edit Graphic 15 Nov 2016
The Bank of Ghana (BoG) plans to introduce a number of aggressive reforms in the banking sector that will cap the tenure of Chief Executive Officers (CEOs) to a maximum of three terms of five years per term. The move is aimed at instilling a rigorous Corporate Governance guideline that will ensure financial soundness in the banking sector and improve economic efficiency and growth....
Axis Bank launches bots for its mobile banking app and Facebook Messenger
Edit BGR 15 Nov 2016
Axis Bank has partnered with a Singapore-based fintech platform to launch chat bots for its mobile banking customers in the form of a conversational interface. Axis Bank users can chat with the bots through its mobile banking app and Facebook Messenger as well. Axis Bank, India’s third largest private bank on ......
Cooperative bank moves high court against restriction
Edit The Times of India 15 Nov 2016
A primary cooperative bank has approached the high court challenging the central government's stance that it won't allow similar banks to accept the recently-demonetized currency notes from the public and provide new ones instead. The petition was filed by Kallettumkara Service Cooperative Bank in Thrissur ......
Bank of Cyprus to apply for a listing on the London Stock Exchange and the Cyprus Stock Exchange using a Holding Company structure (Bank of Cyprus Public Company Ltd)
Edit Public Technologies 15 Nov 2016
Bank of Cyprus Public Company Ltd) ... Bank of Cyprus to apply for a listing on the London Stock Exchange and the Cyprus Stock Exchange using a Holding Company structure ... Founded in 1899, Bank of Cyprus Group is the leading banking and financial services group in Cyprus ... Bank of Cyprus also has representative offices in Russia, Ukraine and China. The Bank of Cyprus Group employs 4.229 staff worldwide ... Change to the Bank's structure....
Charges on ATM transactions waived till Dec 30 to ease cash crunch woes
Edit Deccan Chronicle 15 Nov 2016
In yet another move to lessen woes of people facing cash crunch, the RBI on Monday directed banks to waive ATM charges on all transactions done by savings bank customers till December 30. The waiver will be applicable on transactions done by a customer through his or her own bank ATM as well those of other banks ... Banks could charge up to Rs....
Primary coops. move HC for new notes
Edit The Hindu 15 Nov 2016
The Kerala High Court on Monday adjourned to November 16 the hearing on a writ petition seeking a directive to the Reserve Bank of India (RBI) to provide primary cooperative banks with new currency and sufficient valid notes to replace the demonetised ones ... Joseph, president of the Kallettumkara Service Co-operative Bank in Thrissur ... The petitioner’s bank, therefore, was equally entitled to do the business....
Speech Sabine Lautenschläger: The European banking sector – a quick pulse check (European Union)
Edit Public Technologies 15 Nov 2016
Since the financial crisis of 2008, the health of the banking sector has become one of the hot topics in public debate. And with good reason, because banks are important for all of us - in good times and in bad. In good times, banks help to finance enterprises which, in turn, drive economic growth and provide employment ... European banks - more resilient and less profitable ... First, banks have become much more resilient....
Cyprus' biggest bank to list on London Stock Exchange
Edit Dayton Daily News 15 Nov 2016
Cyprus' biggest bank said Tuesday it's applying for a listing on the London Stock Exchange to boost its profile, attract investors and expand its access to capital. The Bank of Cyprus said it intends to maintain a listing on the Cyprus Stock Exchange, but won't be listed on the Athens Exchange. The bank said it has incorporated a ......
Demonetisation: Senior citizens complain about lack of facilities for them at Chennai banks
Edit The Times of India 15 Nov 2016
Banks are not giving any priority to senior citizens who approach them either to withdraw or deposit or exchange money in the aftermath of the demonetisation of the Rs 1,000 and Rs 500 currency notes, complained the Senior Citizens Group of Besant Nagar (SCGOBN) ... The survey found generally there was chaos at all bank branches....
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