India needs to cut political interference in state banks: FM Jaitley
India needs to minimise political interference in public sector banks, Finance Minister Arun Jaitley said on Friday, as the government announced measures to improve the performance of state-run banks that are struggling with rising bad loans.
Aug 14, 2015, 18:44 PM IST
Government close to appointing new heads of state-run banks: Rajan
Reserve Bank of India Governor Raghuram Rajan said on Thursday the government would soon appoint heads of state-run banks given the importance of acting quickly.
Jul 02, 2015, 14:52 PM IST
RBI, Central Bank of Seychelles sign MoU on information exchange
The Reserve Bank has entered into an MoU with the Central Bank of Seychelles (CBS) on exchange of information and mutual assistance in the banking sector supervision.
May 21, 2015, 20:25 PM IST
RBI asks banks to brace for high attrition levels
With the banking sector being thrown open to niche as well as more private players, RBI deputy governor R Gandhi on Friday warned the industry to brace for higher attrition, being already faced by highly unionized public sector lenders.
Feb 20, 2015, 17:54 PM IST
Stake sales in PSU banks only at appropriate valuation: Sinha
Government on Saturday made it clear that any decision to undertake a stake sale in public sector banks will be so for an "appropriate valuation".
Jan 03, 2015, 16:21 PM IST
Govt committed to fiscal consolidation: Sinha
Asserting the government is committed to fiscal consolidation, Minister of State for Finance Jayant Sinha on Saturday said the quality of figure was important and hinted at not resorting to massive expenditure cuts.
Jan 03, 2015, 14:34 PM IST
India needs reforms in banking sector, more autonomy for state banks: Arun Jaitley
India needs to "conceive" several reforms in the banking sector, Finance Minister Arun Jaitley told reporters on Saturday on the sidelines of a two-day banking retreat.
Jan 03, 2015, 12:59 PM IST
Gyan Sangam: Modi to brainstorm with bankers on PSB reforms
Also efforts would be to seek "out of box" ideas from prominent experts and from top level managers attending the retreat.
Jan 03, 2015, 09:01 AM IST
Gyan sangam: PM Narendra Modi to meet bankers, regulators today
Prime Minister Narendra Modi will on Saturday meet top bankers, insurers, financial sector regulators and Finance Ministry officials, who assembled here on Friday for a two-day "retreat" to discuss plans for revitalising the banking sector.
Jan 03, 2015, 07:35 AM IST
Gyan Sangam: Create structures for easy capital to PSU banks, says Banking Secy
Mergers and acquisitions are not the only way for consolidation in public sector banks, as creating a mechanism for easier access to capital would also improve their balance sheets, Financial Services Secretary Hasmukh Adhia said on Friday.
Jan 02, 2015, 11:53 AM IST
Two-day retreat 'Gyan Sangam' to begin today; focus on public sector banks reforms
Finance Minister Arun Jaitley, RBI Governor Raghuram Rajan, top officials of the Finance Ministry and heads of PSBs will be attending the retreat.
Jan 02, 2015, 09:14 AM IST
Gyan Sangam: Bankers, regulators to discuss ways to revitalise banking sector
On concluding day, Prime Minister Narendra Modi will address the meet Gyan Sangam, a retreat of chiefs of financial institutions.
Jan 01, 2015, 13:52 PM IST
RBI pitches for structural reforms; sees 6% inflation in 2015
Pitching for structural reforms to reinforce investor confidence, RBI on Monday said falling inflation and political stability have helped check the macroeconomic vulnerabilities, while retail inflation is expected to stabilise near 6 percent level in 2015.
Dec 29, 2014, 18:22 PM IST
RBI to step up vigilance on banking sector to prevent frauds
Reserve Bank of India (RBI) Deputy Governor R Gandhi on Tuesday said "continuous vigilance and intelligence gathering" would be the central bank's key focus areas to prevent recurrence of frauds.
Aug 26, 2014, 19:07 PM IST
RBI to lower ceiling on bank loans to a single corporate group
Currently, banks are allowed to lend up to 40 percent of their core capital to a single corporate group.
Aug 23, 2014, 18:17 PM IST
Govt working to tighten banking risk management: Jaitley
Concerned over instances of corruption in the PSU banks, Finance Minister Arun Jaitley on Thursday said that government is taking steps to professionalise the management and help them strengthen their risk management system.
Aug 21, 2014, 13:04 PM IST
