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RBI caps tenure of bank MD and CEOs to 15 yrs

RBI caps tenure of bank MD and CEOs to 15 yrs

🕔19:10, 26.Apr 2021

Mumbai, April 26  In a major reform step, the Reserve Bank of India (RBI) has capped the tenure of bank MD and CEOs with immediate effect. In a circular to all the commercial banks on Monday, the RBI said that

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Banks allowed priority sector lending to NBFCs for another 6 months

Banks allowed priority sector lending to NBFCs for another 6 months

🕔17:27, 7.Apr 2021

Mumbai, April 7  With a view to ensure continued availability of credit to agriculture, MSME and housing sectors and aid faster economic recovery, the RBI has extended the priority sector lending (PSL) classification for lending by banks to NBFCs for

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80% Indian corporate banks to leverage Cloud by 2024: Report

80% Indian corporate banks to leverage Cloud by 2024: Report

🕔16:13, 19.Feb 2021

New Delhi, Feb 19  Nearly 80 per cent of corporate banks in India are forecast to run their trade finance and treasury workloads on Cloud by 2024, said a new IDC report on Friday. By 2023, to counter the uncertainty

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FM reviews implementation of AatmaNirbhar Bharat package with secys

FM reviews implementation of AatmaNirbhar Bharat package with secys

🕔06:52, 14.Dec 2020

New Delhi, Dec 14 Banks have sanctioned additional credit amounting to Rs 2,05,563 crore to 80,93,491 borrowers under the Emergency Credit Line Guarantee Scheme (ECLGS). The Rs 3 lakh crore ECLGS scheme was announced by the government early this year as

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Leading Israel, UAE banks sign cooperation agreement

Leading Israel, UAE banks sign cooperation agreement

🕔13:46, 15.Sep 2020

Tel Aviv, Sep 15  Bank Hapoalim, one of Israel’s largest, announced that it has signed a cooperation agreement with Emirates NBD, a top bank in the United Arab Emirates (UAE). “The memorandum of understanding signed by the two banks is

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Rs 1.63 lakh cr worth loans sanctioned under ECLGS

Rs 1.63 lakh cr worth loans sanctioned under ECLGS

🕔15:14, 13.Sep 2020

New Delhi, Sep 13 Banks have sanctioned loans worth over Rs 1.63 lakh crore to MSMEs and other eligible businesses so far, under the Emergency Credit Line Guarantee Scheme (ECLGS) for over 42 lakh borrowers, the Finance Ministry said on Sunday.

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Banks asked to refund charges collected on UPI transactions

Banks asked to refund charges collected on UPI transactions

🕔08:12, 31.Aug 2020

New Delhi, Aug 31 The government has directed banks to refund charges, including merchant discount rate (MDR), if any, collected on UPI transactions on or after January 1, 2020. With an aim to promote digital transactions, the Centre in December

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No current account for customers availing credit via cash, OD from banks

No current account for customers availing credit via cash, OD from banks

🕔18:23, 6.Aug 2020

Mumbai, Aug 6  The Reserve Bank of India (RBI) has come up with additional measures to curb the use of multiple operating accounts for loans wherein banks have been directed not to open current accounts for customers already availing credit

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PM discusses credit growth, risk aversion with banks, NBFCs

PM discusses credit growth, risk aversion with banks, NBFCs

🕔07:14, 30.Jul 2020

New Delhi, July 30  Prime Minister Narendra Modi on Wednesday held a meeting with the stakeholders of banks and NBFCs and discussed issues in the financial sector, including credit growth and risk aversion. The meeting largely talked about the vision

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PM to discuss economic roadmap with banks, NBFCs on Wednesday

PM to discuss economic roadmap with banks, NBFCs on Wednesday

🕔09:00, 29.Jul 2020

New Delhi, July 29  Prime Minister Narendra Modi on Wednesday will discuss and deliberate the economic vision and roadmap for the future, in a brainstorming session with stakeholders from banks and non-banking financial companies (NBFCs). The topics on the agenda

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2,426 PSB borrowers willfully defaulted Rs 1.47 trillion: AIBEA

2,426 PSB borrowers willfully defaulted Rs 1.47 trillion: AIBEA

🕔17:19, 18.Jul 2020

Chennai, July 18  As a part of celebrating the 51th anniversary of bank nationalization, the All India Bank Employees’ Association (AIBEA) on Saturday released a list of 2,426 borrowers who have wilfully defaulted on their bank loans of over Rs

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Banks disburse Rs 68,311 cr under ECLGS to MSMEs

Banks disburse Rs 68,311 cr under ECLGS to MSMEs

🕔07:25, 17.Jul 2020

New Delhi, July 17  Banks have so far disbursed over Rs 68,000 crore so far under the Emergency Credit Line Guarantee Scheme to MSMEs and other eligible businesses. As of Wednesday, July 15, both public and private sector banks have

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Banks in no hurry to link repo with interest rates

Banks in no hurry to link repo with interest rates

🕔13:50, 12.Mar 2019

New Delhi, March 12  Public sector banks are in no hurry to follow big brother SBI in linking their deposit and lending rates to the RBI’s repo rate, which may further irk the Reserve Bank of India for not transmitting

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Trade strike hits banks, government offices in Maharashtra

Trade strike hits banks, government offices in Maharashtra

🕔13:21, 8.Jan 2019

Mumbai, Jan 8  Most of the central government offices, banks, port trusts and other state government departments wore a deserted look on Tuesday as employees launched a two-day nationwide trade strike, a top organiser said here. The strike call by

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Banks’ bad loans’ status improved over H1 2018-19: RBI

Banks’ bad loans’ status improved over H1 2018-19: RBI

🕔09:00, 1.Jan 2019

Mumbai, Jan 01  The asset quality of banks improved over the first-half of this fiscal with the gross non-performing assets (GNPAs or bad loans) ratio declining to 10.8 per cent in September, from 11.5 per cent in March, the Reserve

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Agency banks, RBI offices to remain open till April 1

Agency banks, RBI offices to remain open till April 1

🕔10:05, 25.Mar 2017

Mumbai, March 25  The Reserve Bank of India (RBI) has asked all agency banks — all public sector banks and some private banks — to remain open on all days between March 25 and April 1.“To facilitate government receipt and

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Government hikes withdrawal limits at banks, ATMs

Government hikes withdrawal limits at banks, ATMs

🕔10:00, 14.Nov 2016

New Delhi, Nov 14  In order to provide respite to cash-starved citizens, the government on Sunday decided to increase the withdrawal and exchange limits in banks and ATMs across the country.The amount people can now take out from ATMs daily

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Banks, insurance unions to strike work on September 2

Banks, insurance unions to strike work on September 2

🕔13:29, 1.Sep 2015

Chennai, Sep 1  Employees of public sector banks and government-owned non-life insurance companies would go on strike on Wednesday to protest against the anti-trade union and worker policies of the central government, union leaders said on Tuesday.“The strike is against

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Banks to be capitalised on efficiency – Signal to non performing FI’s to Exit?

Banks to be capitalised on efficiency – Signal to non performing FI’s to Exit?

🕔10:43, 28.Feb 2015

By TN Ashok    Economics Editor New Delhi, Feb 28: The 2014-`15 Economic Survey presented to Parliament by the Modi led BJP led NDA government has outlined a reforms package for psu banks which includes exiting the non performing banks with

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RBI revises leverage ratio, disclosure norms for banks

RBI revises leverage ratio, disclosure norms for banks

🕔13:21, 9.Jan 2015

Chennai, Jan 9  The Reserve Bank of India (RBI) revised the guidelines for leverage ratio framework under the Basel III and the relevant disclosure norms. The central bank said banks operating in India are required to make disclosure of the

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