NEW YORK, Nov 24 (Reuters) - Wells Fargo & Co has asked a U.S. court to order dozens of customers who are suing the bank over the opening of unauthorized accounts to resolve their disputes in private arbitrations instead of court, according to legal documents. The motion, filed in...
Finance Minister Arun Jaitley holds meeting with banks to review liquidity situation Finance Minister Arun Jaitley Friday met heads of top public sector banks to review the cash position in the system amid concerns of a liquidity crunch being faced by some sectors, sources said. Banks said they have enough...
Law enforcement efforts to stop the water protectors at Standing Rock have taken a new turn: in the midst of the most severe weather since the camps were established, North Dakota Governor Jack Dalrymple has issued an "emergency evacuation order" of the largest camp, and is threatening to...
Five years ago, the mention of "Fintech" might cause your eyes to glaze over and now it has become one of the hottest industries in the startup world. Go figure! If you take a look at the truly remarkable and profit-driven innovations that have been coming out of...
RBI Deputy Governor Viral Acharya said governments that do not respect central bank’s independence would sooner or later incur the wrath of the financial markets. All India Reserve Bank Employees Association (AIRBEA) Monday expressed concern over the recent statements made by deputy governor Viral Acharya and sought autonomy of...
RBI may cut CRR by 1 per cent in December if FPI flows don’t revive, says BofAML report Bank of America Merrill Lynch (BofAML) Monday said the RBI is likely to reduce the cash reserve ratio (CRR), or the amount of bank deposits parked with the central bank, by...
There are many personal finance tenets to follow when you decide to take control of your finances. Perhaps one of the most important is this: Don't pay fees unless absolutely necessary. The average cost of checking account fees over a decade totals almost $1,000, according to a recent study....
These niche banks can accept demand deposits, and issue ATM/debit cards, among other activities. Payments banks, however, cannot issue credit cards, and undertake lending activities. NSDL Payments Bank has commenced operations as a payments bank, the RBI said Monday. In November 2014, the RBI had granted ‘in-principle’ approval to...
A cafe-style Capital One branch, where visitors can buy a cup of Peet's coffee and pastries and lounge around. Credit: Capital One If you're like many Americans, you may be making fewer trips to the bank and instead taking care of check deposits with a mobile app or tracking...
Puri has been with the bank since 1994, making him the longest-serving head of any private bank in the country. (File photo: Reuters) Private sector HDFC Bank Monday said the RBI has approved re-appointment of Aditya Puri as managing director of the bank for another two years. “Reserve Bank of...