Government to crack down on savings scams as PM Modi backs banking for all
New Delhi: India plans legislation to close a regulatory loophole that has made it possible for fraudsters to dupe millions of savers, as Prime Minister Narendra Modi strives to bring the rural poor into the mainstream banking system.
May 30, 2016, 14:17 PM IST
RBI to announce new credit policy tomorrow
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Apr 05, 2016, 09:05 AM IST
Banks impaired asset ratio to rise to 12.5% by FY17: Ind-Ra
Stressed assets in the banking system is likely to rise to 12.5 percent by the next fiscal against an estimated 12 percent in the current financial year, India Ratings said today.
Feb 01, 2016, 22:47 PM IST
New banks to complement existing banking system: Chanda Kochhar
Ruling out any competition to full-service banks from payments and small finance banks, top banker Chanda Kochhar has said they can actually complement the existing banking system and ICICI Bank will explore opportunities for mutually beneficial partnerships.
Jan 24, 2016, 19:33 PM IST
MP govt gears up to launch financial literacy project in schools
Madhya Pradesh government is all set to launch financial literacy in all higher secondary schools of the state.
Nov 17, 2015, 18:30 PM IST
Need to check flaws in banking system: Rajan
The banking sector is currently struggling with high non performing assets (NPAs).
Oct 23, 2015, 19:51 PM IST
Stressed assets likely to come down: SBI
Country's biggest lender State Bank of India (SBI) on Friday said stressed assets in the system are likely to see a decline due to reforms in power distribution companies and pick up in rural power demand.
Sep 18, 2015, 16:14 PM IST
Bank of India says "worst is over" after bad debts jump
Bank of India reported its first quarterly loss in more than two decades on Thursday, weighed down by a larger than expected increase in bad debts, sending its shares down more than 8 percent.
May 28, 2015, 17:54 PM IST
Bonds drop, call rates end slightly higher
Government bonds (G-Secs) dropped further on sustained selling pressure from banks and corporates while the overnight call money rate ended higher at the money market due to good demand from borrowing banks amid tight liquidity in the banking system.
May 26, 2015, 18:50 PM IST
Splitting CMD post of PSBs a dangerous proposition: Assocham
Bifurcation of Chairman and Managing Director's post may not augur well for the public sector banks as it may lead to inefficiencies and bureaucratic hassles rather than improvement, Assocham said in a report.
May 25, 2015, 21:13 PM IST
China's 'real' economy wants to be neither borrower nor lender
Beijing is pushing trillions of yuan into its banking system to boost business investment and arrest slowing growth, but a combination of unwilling borrowers and selective lenders is blunting its efforts.
Apr 23, 2015, 15:16 PM IST
RBI allows banks to invest in long-term infrastructure bonds
In a bid to boost infrastructure investment, the Reserve Bank on Tuesday allowed banks to invest in long-term infrastructure bonds issued by other banks.
Apr 07, 2015, 14:28 PM IST
Don't outsource loan processing tasks: RBI to bankers
Concerned over the rising number of loan default cases, the Reserve Bank on Monday warned lenders against outsourcing their credit processing activities to third-party entities.
Mar 23, 2015, 15:49 PM IST
'Inter-connectedness exposes banking system to contagion risk'
The Indian banking system faces a possible contagion risk in case of trouble at one bank given the inter-connectedness between some lenders, the Reserve Bank said Monday.
Dec 29, 2014, 20:05 PM IST
RBI for closer examination of promoters' share pledging
With banks in India facing deteriorating asset quality, RBI on Monday said certain corporate practices of using multi-layered structures and pledging of shares to raise funds from banking system need to be examined.
Dec 29, 2014, 19:08 PM IST
Moody's retains negtive outlook on banks for highcorp leverage
International rating agency Moody's Wednesday retained its negative outlook on the domestic banking system, citing high leverage in the corporate sector that may prevent any meaningful recovery in asset quality.
Oct 29, 2014, 14:58 PM IST
Counterfeiters lapping up Rs 100, 1,000 bills: RBI
The banking system detected over 2.52 lakh pieces of counterfeit notes of Rs 500 denomination in FY14 as against the 2.81 lakh the year before.
Aug 31, 2014, 13:09 PM IST
