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Here are SBI's new service charges that kick in from today IMPS fund transfer charges through internet banking/UPI/IUSSD will be Rs 5 plus service tax for up to Rs 1 lakh. 10-leaf cheque book to now cost Rs 30+ST. Lanco Infratech first from 'Blacklist' to face bankruptcy action IDBI bank has fund-based exposure of Rs 7,799 crore & non-fund based exposure of Rs 3,349 crore as on March 2016, while overall dues are over Rs 17,000 crore. Canara Bank may be next in line to take over two small lenders Canara Bank is the fourth-biggest bank by market capitalisation behind State Bank of India, Bank of Baroda and Punjab National Bank. Lenders to decide fate of Bhushan and Essar Steel today Banks have outstanding loans worth Rs 45,000 crore to Essar Steel, Rs 47,000 crore to Bhushan Steel, and Rs 11,000 crore to Electrosteel Steels. NITI Aayog CEO Amitabh Kant predicts the demise of banks in 5-6 years' time It will be very difficult for physical banks to survive because the cost of running their operation will be so enormous, Kant said. Finance Ministry asks PSBs to explore acquisition of smaller banks The clear picture would emerge only after the Niti Aayog report sets the tone and tenure of the roadmap for the second round of consolidation in the banking sector. RBI's new diktat could see banks face Rs 50,000 crore blow The indebted dozen, including Essar Steel, Lanco Infratech & Bhushan Steel, account for 25%, or Rs 2.5 lakh crore, of the total bad loans in the banking system. The new Insolvency and Bankruptcy Code will make it impossible for Indian banks to lend with compassion But a positive outcome of this step will be that there would be a level-playing field at the negotiating table between bankers and borrowers. Saddled with NPAs, worried banks looking at ways to solve RCom's loan repayment woes If RCom's debt turns into NPA, it will add to the already massive burden on the banking system, which is grappling with stressed loans of more than Rs 12 lakh cr. Syndicate, Canara, Vijaya and Dena Banks make presentations to Finance Ministry on consolidation plans The four banks made their presentations separately last week to senior FinMin officials on various aspects like existing loan portfolios, deposits and human resource practices.