New Delhi, Dec 18 (IANS) The prompt corrective action (PCA) framework for non-banking financial companies (NBFCs) will bring a further parity in terms of the regulations between banks and non-banks, said India Ratings and Research (Ind-Ra). Accordingly, the ratings agency cited
Chennai, Dec 16 A two-day nationwide bank strike called by United Forum of Bank Unions (UFBU) against privatisation of government banks began on Thursday, said C.H.Venkatachalam, General Secretary, All India Bank Employees’ Association (AIBEA). The UFBU is an umbrella body
New Delhi, Dec 13 (IANS) Prime Minister Narendra Modi on Sunday said safeguarding of depositors money is the key and very crucial to the banks’ overall prosperity. “Banks play a big role in the prosperity of the country. And for the
New Delhi, Nov 18 (IANS) Prime Minister Narendra Modi on Thursday said that Centre’s banking reforms during the past six-to-seven years have supported the sector in “every way”. Addressing a conference themed ‘Creating Synergies for Seamless Credit Flow and Economic Growth’,
Mumbai, Oct 29 (IANS) Heavy foreign fund outflows as well as selling pressure continued to subdue India’s two key domestic indices for the third consecutive session on Friday. On Friday, FIIs sold Rs 5,142.63 crore on the BSE, the NSE and
Mumbai, Oct. Oct 19 (IANS) Gross non-performing assets (NPAs) of banks will rise to 8-9 per cent this fiscal, well below the peak of 11.2 per cent seen at the end of fiscal, ratings agency Crisil said in a report. The
New Delhi, Sep 14 The gross non-performing assets (GNPAs) of banks are expected to cross Rs 10 lakh crore by March 2022, a ASSOCHAM-Crisil joint study had said. “NPAs are expected to rise to 8.5-9 per cent by March 2022,
Mumbai, Sep 11 The Reserve Bank of India (RBI) has extended restrictions on People’s Co-operative Bank Limited, Kanpur, for a further period of three months from September 11 to December 10. The bank has been under restrictions since June 10,
New Delhi, Aug 11 In huge relief for the common man, the Reserve Bank of India (RBI) has decided to charge penalties on banks for non-availability of cash in ATMs. Starting October 1, 2021, cash-out at any ATM of more
New Delhi, June 26 In a crackdown on political interference, the Reserve Bank of India has barred MPs, MLAs and members of municipal corporations or other local bodies from holding the office of managing director (MD) or whole-time director (WTD)
New Delhi, May 26 It is imperative the Banks frame a clear OTS (one time settlement) policy for all borrowers who have provided personal guarantee under NCLT and recovery process that is systematic so as to ensure no arbitrary decisions
Mumbai, Oct 7 The Securities and Exchange Board of India (SEBI) has made it mandatory for banks to issue Additional Tier-1 bonds on the ‘Electronic Book Provider’ platform irrespective of issue size. The securities market regulator on Tuesday released the
New Delhi, Sep 25 Banks have so far sanctioned over Rs 1.77 lakh crore to MSMEs under the Emergency Credit Line Guarantee Scheme (ECLGS), it was announced on Thursday. In a series of tweets on the progress of the scheme,
New Delhi, Aug 25 Even though the unlock phases have kickstarted economic activities in various sectors, most banks believe that meaningful credit growth recovery is likely only after 18 months, while near-term uncertainty on asset quality remains, brokerages tracking the
Mumbai, Aug 6 The Reserve Bank of India (RBI) on Thursday came up with a fresh set of risk capital charges for banks investing in debt instruments such as mutual funds or exchange-traded funds (ETF). RBI Governor Shaktikanta Das said
New Delhi, July 22 The Centre is planning to expand its disinvestment plans and considering to bring two key sectors — banking and insurance — into the ambit of its new disinvestment policy, official sources said. A new disinvestment or
New Delhi, June 20 Finance Minister Nirmala Sitharaman on Friday said that the government is closely monitoring the transmission of the repo rate cuts by the banks to the consumers. During a video conference with the Managing Committee Members of
New Delhi, April 17 Banks will not be required to pay any further dividend from their profits from financial year 2019-20 as the Reserve Bank of India wants these financial institutions to conserve capital so as to deal with heightened
New Delhi, March 30 Banks are ensuring that their branches remain open and ATMs (automated teller machines) functional with adequate cash amid the nationwide lockdown, according to the Union Finance Minister, here on Monday. Taking to Twitter, Finance Minister Nirmala Sitharaman
New Delhi, Jan 16 To improve user convenience and increase the security of card transactions,the Reserve Bank of India (RBI) has asked all banks to give card users, credit and debit, the facility to enable/disable their cards for different types
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