Govt likely to withdraw controversial FRDI Bill in current Parliament session
The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its nod for withdrawal of the Financial Resolution and Deposit Insurance (FRDI) Bill, 2017, they added.
Jul 19, 2018, 10:56 AM IST
Blockchain to have mixed implication on banking system: Moody's
Besides, reduction in cost, blockchain technology can decrease time involved in cross-border banking transactions.
Apr 17, 2018, 16:58 PM IST
Banks to remain open today for normal working hours, no long weekend for employees
March 31 being the fifth Saturday of the month, all banks will remain open today. Banks are closed only on second and fourth Saturdays.
Mar 31, 2018, 07:03 AM IST
India Post Payments Bank to enable digital payment by April
With the nationwide rollout of the India Post Payments Bank (IPPB) Expansion Programme scheduled to begin in April this year, digital payments in post offices are expected to be enabled around the same time.
Feb 10, 2018, 17:32 PM IST
Accretion of fresh NPAs has virtually stopped, says Bibek Debroy
According to recent RBI data, bad loans of public sector banks stood at Rs 7.34 lakh crore by the end of second quarter this fiscal.
Feb 07, 2018, 23:02 PM IST
Will banks end free services from January 20? Here’s the truth
The Indian Banks Association on Wednesday dismissed reports suggesting that free services of public sector banks would be ceased by January 20.
Jan 10, 2018, 20:50 PM IST
Government issues new directive, with a deadline, for NGOs getting foreign funds
A deadline of one month has been given to the NGOs, business entities and individuals to comply with the order.
Dec 26, 2017, 07:58 AM IST
Consumer nod must for changing subsidy-receiving bank a/c: UIDAI
Also, the banks have been asked to intimate the beneficiary about the change within 24-hours through SMS and e-mail as well as provide an option to the person to reverse the change, according to a Gazette notification issued by the Unique Identification Authority of India (UIDAI).
Dec 19, 2017, 18:04 PM IST
Govt unlikely to table FRDI Bill in Budget Session too
The joint committee on the FRDI Bill, 2017 have decided to seek extension of time up to the last day of Budget Session, 2018, as the report of the joint committee would not be ready for presentation by December 15.
Dec 18, 2017, 15:41 PM IST
Fitch may revise banks' rating if recapitalisation done early
In October, the government had announced a Rs 2.11 trillion capital infusion for public sector banks over the next two years.
Nov 30, 2017, 16:04 PM IST
No loan waiver for capitalists, says Arun Jaitley
Observing that the time has come for the nation to be apprised of facts in this regard, Finance Minister Arun Jaitley said one should ask at whose behest the loans, which have turned NPAs were disbursed between 2008 and 2014 by public sector banks.
Nov 28, 2017, 16:34 PM IST
Demonetisation: I-T dept to issue notices to suspicious cash depositors
The people who have filed their returns will be examined against the amounts they have deposited during the period of demonetisation, so that we can see whether they have correctly disclosed their income or not, the CBDT chief said.
Nov 14, 2017, 20:08 PM IST
Finmin asks PSU banks to act swiftly to deal with NPAs
Banks were also advised to look at cases where settlement can be done as part of lowering the burden.
Nov 13, 2017, 16:56 PM IST
Limited space for further cut in lending rate: SBI chief
Last week, the country's largest lender State Bank of India (SBI) reduced its lending rate for home and auto loans by 0.05 percentage point.
Nov 09, 2017, 14:23 PM IST
India after demonetisation: Over 350 ATMs shut in three months
It has led the lenders to believe that they can function with a lesser number of kiosks.
Oct 29, 2017, 09:20 AM IST
India should have 5-7 large banks ideally: Arvind Subramanian
Quoting former RBI Governor Y V Reddy, Subramanian said the aim must be to shrink or narrow the scope of the unviable banks.
Oct 25, 2017, 21:07 PM IST
Banks to now match original IDs with photocopies
The Department of Revenue in the Finance Ministry has issued a gazette notification making an amendment to the Prevention of Money-laundering (Maintenance of Records) Rules.
Oct 22, 2017, 14:04 PM IST
Banks need to set aside Rs 3.3 lakh crore as NPA provisioning in FY18
The report said with the economic value of assets underlying NPAs eroding with time, and resolutions are hard to come by, banks would need to step up on provisioning, mainly for large corporate NPAs.
Oct 12, 2017, 21:15 PM IST
Barring auto, even retail loans see spike in bad loans: Report
Education loans and commercial vehicle loans reported one of the biggest spikes in the proportion of NPAs, while the auto segment saw a dip in bad loans, says a report by credit information company Crif High Mark.
Oct 08, 2017, 10:17 AM IST
RBI panel urges tougher line to get banks to pass on rate cuts
The five-member panel, set up by the RBI to look into why lenders were not passing on central bank rate cuts, said in a report on Wednesday that banks "deviated in an ad hoc manner from the specified methodologies" for calculating the lending rates in order to avoid passing on the RBI rate cuts.
Oct 05, 2017, 12:15 PM IST
