'RBI can't escape responsibility for bad loans of banks'
With its nominee Directors on boards of all the government-owned bank, the RBI cannot escape its responsibility for the huge non-performing assets of the banks, said a top union leader said here on MOnday.
May 01, 2017, 18:19 PM IST
Finance Ministry in talks with PSBs to get a fix on growth plans, funding
The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.
Apr 23, 2017, 12:10 PM IST
How does CIBIL score impact your borrowing
CIBIL (Credit Information Bureau India Limited) is credit information company in India, that gathers financial data for maintaining credit records.
Apr 19, 2017, 18:02 PM IST
EPFO extends deadline for submitting Aadhaar to April 30
Retirement fund body EPFO has extended the deadline for submitting Aadhaar number to April 30, 2017 for its over four crore members.
Apr 12, 2017, 18:26 PM IST
RBI says still more scope for banks to cut lending rates
The Reserve Bank on Thursday said there is more scope for the banks to cut lending rates and also asked for a downward revision in the small savings rates administered by the government.
Apr 06, 2017, 18:40 PM IST
RBI permits banks to invest in REITs and InvITs
The Reserve Bank on Thursday allowed banks to invest in Real Estate Investment Trust (REITs) and Infrastructure Investment Trusts (InvITs), a move that will help revive the cash-starved infrastructure sector.
Apr 06, 2017, 18:25 PM IST
Ban on cash dealings not applicable for bank, post office withdrawals
Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday.
Apr 05, 2017, 20:57 PM IST
'Only five large banks can survive in the long-term'
Banker Uday Kotak feels there will be strong consolidation in the financial services sector and eventually only five players will dominate the space just like in the global space.
Apr 02, 2017, 13:11 PM IST
Five associate banks, BMB merge with SBI
Five associates and the Bharatiya Mahila Bank became part of the State Bank of India (SBI) on Saturday, catapulting the country's largest lender to among the top 50 banks in the world.
Apr 01, 2017, 16:35 PM IST
RBI exempts banks from opening on Apr 1 on annual closing
Reversing its earlier order, the Reserve Bank on Wednesday said the bank branches dealing in government businesses need not remain open on April 1 in view of the annual closing business.
Mar 29, 2017, 16:01 PM IST
Sensex gains 114 points for the week on exit-poll position
The Benchmark Sensex ended the week green, gaining 113.78 points to finish at 28,946.23, while the broader Nifty closed above the key 8,900-level, trending on BJP-gains in exit poll positions.
Mar 11, 2017, 13:22 PM IST
Ready to negotiate one-time settlement with banks: Vijay Mallya
Embattled liquor baron Vijay Mallya on Friday said that he was ready to negotiate with banks for one-time settlement and urged the Supreme Court to intervene.
Mar 10, 2017, 17:33 PM IST
SBI justifies penalty on non-maintenance of minimum balance in savings a/c; says need money to bear Jan Dhan costs
Facing a backlash for levying penalty on non-maintenance of minimum balance in accounts, SBI on Wednesday justified its move saying the bank needs to impose some charges to balance the "burden" of managing a large number of no-frills Jan Dhan accounts.
Mar 08, 2017, 19:15 PM IST
Govt asks banks to review charges on cash transactions
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Mar 07, 2017, 11:55 AM IST
Finance Ministry gives in-principle nod to ESOPs by PSU banks
Finance Ministry has agreed in-principle to allow public sector banks to offer stock options to their employees from next fiscal -- a move aimed at retaining experienced hands with better incentives.
Mar 05, 2017, 18:00 PM IST
New agency to probe anomalies in IT returns filed post demonetisation
There is a move to set up a new agency for probing anomalies in income tax returns filed by 18 lakh people after demonetisation, Union Minister Radha Mohan Singh said on Wednesday.
Feb 22, 2017, 17:15 PM IST
SEBI likely to allow mutual funds to trade in commodities soon
With an aim to deepen the nascent commodity market, SEBI is likely to give mutual funds the go-ahead to trade in commodity markets in a month, while the regulator is also in talks with the RBI to allow institutional investors like banks and FPIs to trade in the segment.
Feb 17, 2017, 14:03 PM IST
Debit card transactions: RBI to reimburse banks MDR charges effective January 1
The Reserve Bank will start reimbursing MDR charges to banks for payments made since January 1 through debit cards by citizens, in line with the government's move to further digital solutions.
Feb 16, 2017, 18:27 PM IST
Banks need Rs 91,000 crore capital to sustain 8-9% growth: Ind-Ra
Indian banks will require Rs 91,000 crore in tier-1 capital till March 2019 to sustain a minimum annual growth rate of 8-9 percent, according to a report by India Ratings and Research (Ind-Ra).
Feb 15, 2017, 17:35 PM IST
There is scope for further cuts in lending rates: RBI Guv
RBI Governor Urjit Patel on Wednesday said there is further scope for banks to reduce lending rates as the Reserve Bank has already brought down its policy rates by 175 basis points since January 2015.
Feb 08, 2017, 17:47 PM IST
