RBI floats discussion paper on governance in commercial banks
Among other things, the discussion paper bats for greater power to the bank boards, separation of ownership from management and setting up of proper risk management strategy.
Jun 12, 2020, 11:49 AM IST
Slowdown slayer: PSBs to suggest steps to boost economy
At present, a culmination of factors such as high GST rates, natural calamities, subdued farm produce prices, stagnant income levels and low job generation have led to the slowdown.
Aug 21, 2019, 11:56 AM IST
Q1 bank loan growth fell 1.2% due to low interest income: Report
For asset financiers (AFCs), the report says there was a higher Assets under Management (AuM) growth at 20 per cent year-on-year (YoY) though PPoP was in line.
Aug 20, 2019, 15:00 PM IST
Fitch affirms long-term ratings of six banks at 'BBB-' with stable outlook
The agency also affirmed BBB- rating of Bank of Baroda (New Zealand), Canara Bank and Bank of India (BOI).
May 31, 2019, 11:00 AM IST
India should address banking crisis to support investment, says IMF
These steps include the recognition of these non-performing assets, the resolution framework under the Insolvency and Bankruptcy Code, IMF said
Jun 08, 2018, 09:31 AM IST
Demonetisation: Govt allows banks, post offices to deposit old bank notes with RBI
India`s cooperative banks have also been allowed to exchange old currency notes with the RBI, if they had collected these notes by November 14.
Jun 21, 2017, 12:21 PM IST
India to inject $3.4 billion in state banks to revive credit growth
India will inject 229.15 billion rupees ($3.41 billion) in 13 state-run banks to help shore up the cash-strapped lenders and revive loan growth that has hit a two-decade low.
Jul 19, 2016, 14:22 PM IST
Know which banks will give you maximum interest on savings account
Here are banks in India that give you maximum interest on savings account. Check out the list.
Jun 09, 2016, 10:38 AM IST
Govt to push for consolidation of public sector banks
The government will push for consolidation of the public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said on Tuesday.
Apr 05, 2016, 13:02 PM IST
Govt mulls raising FDI limit in private banks to 100%
Seeking to further relax foreign investment norms, the government is considering increasing the foreign direct investment (FDI) limit in private banks to 100 percent, from the existing 74 percent.
Sep 17, 2015, 11:21 AM IST
UBI looks to bring down gross NPA below Rs 6,000 cr
The gross NPA level in percentage terms was around 9.5 percent.
Aug 28, 2015, 17:33 PM IST
India simplifies foreign investment rules, banks to benefit
India has simplified rules for foreign investment in companies by clubbing together different categories, Finance Minister Arun Jaitley.
Jul 16, 2015, 14:37 PM IST
Nilesh Vikamsey appointed Federal Bank part-time Chairman
Nilesh Shivji Vikamsey has been appointed as part-time Chairman of Federal Bank.
Jun 19, 2015, 19:17 PM IST
Standards adopted by RBI compliant with Basel standards: Report
The standards adopted by the Reserve Bank with regard to risk-based capital requirements are 'compliant' with minimum Basel capital standards, the central bank said on Tuesday.
Jun 16, 2015, 22:48 PM IST
Finance minister says sees merit in state banks' demand for more capital
India`s state-owned banks have made a "strong case" for higher capital infusion by the government, Finance Minister Arun Jaitley said on Friday, adding he saw a merit in the demand.
Jun 12, 2015, 15:24 PM IST
Indian banks must aspire to join top global league: Kochhar
With China's impressive economic growth catapulting their banks into the top global league, India's top private sector lender ICICI Bank's chief Chanda Kochhar has said Indian banks also must aspire to scale up their activities significantly.
May 18, 2015, 14:23 PM IST
RBI's external committee split on April rate action
The technical advisory committee of the Reserve Bank of India (RBI) was split on whether the central bank should have cut interest rates at its April 7 policy review, with three members recommending no action, according to minutes released on Wednesday.
Apr 29, 2015, 18:04 PM IST
RBI relaxes bad loans provisioning rules for banks
The relaxation will be applicable for floating provisions held by them as of the end of December 2014.
Mar 30, 2015, 16:12 PM IST
Finance Ministry warns bankers against using influence for transfer
Warning disciplinary action, the Finance Ministry has asked bank employees to desist from using political influence for appointment or transfer.
Mar 19, 2015, 15:57 PM IST
Singapore bank to convert branch-based operation in subsidiary
A Singapore bank is actively looking to expand in India by converting its branch-based operation into a subsidiary.
Mar 14, 2015, 14:05 PM IST
