Tag Archives: Banks

Banks leverage voice technology

This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here. Voice banking is coming to the forefront as the Royal Bank of Canada (RBC) and USAA both try the relatively new technology, according to Finextra. RBC is adding payments functionality to its app. The new feature will give customers the ability to pay bills on their iPhone or iPad ... Read More »

ComputerAgriculture finance: Post-demonetisation, cooperative banks in Maharashtra fail to disburse kharif crop loans to farmers

Grape farmer Santosh Gorade at his vineyard in Niphad near Nashik, Maharashtra. (Source: Express photo by Partha Sarathi Biswas) Last kharif, the Nashik District Central Cooperative Bank (NDCCB) disbursed  Rs 1,608.55 crore of crop loans during April-June, exceeding its target of Rs 1,257.18 crore. This season, however, it has given out a mere Rs 61.41 crore as on June 27, way ... Read More »

RBI paper seeks views on wholesale, long-term finance banks

The new banks—wholesale and long-term finance banks—will focus on lending long-term and cater to the funding needs of sectors such as infrastructure and core industries, RBI said in a discussion paper. Photo: Reuters Mumbai: The Reserve Bank of India (RBI) on Friday released a discussion paper seeking comments on a new category of banks—wholesale and long-term finance banks that will ... Read More »

Credit Suisse posts loss, CEO says ‘buy banks’

Credit Suisse on Thursday posted a pre-tax loss for last year after a challenging fourth quarter in which it took substantial charges and warned it expected markets to remain volatile throughout the remainder of 2016. CEO Tidjane Thiam said only time – most likely a couple of quarters – would help to restore calm on the markets. “The slowdown in ... Read More »

Banks report drop in demand for loans

Investors aren’t the only ones running for safety as the market tumbles and the economy wobbles. Businesses, too, are indicating an unwillingness to take on risk as loan demand declined for the first time in about four years, according to the Federal Reserve’s Senior Loan Officer Survey released this week. Demand for commercial and industrial loans has plunged in 2016, ... Read More »