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RBI says will cut SLR gradually to 18% by mid2019

1 week ago

The RBI has decided to reduce statutory liquidity ratio, the portion of funds which banks are required to park in treasury bills and other instruments, by 0.25 per cent every quarter beginning January. The calibrated reduction in statutory liquidity ... ...

Moody's says outlook on Indian banks stable as GDP growth looks healthy

1 week ago

New Delhi: Moody's Investors Service Monday said it has a stable outlook on the Indian banking system for the next 1218 months as economic growth prospects remain healthy amid weak, but stabilising, asset quality. The stable outlook is based on six ... ...

These debit, credit cards won't be valid from January 1

3 weeks ago

New Delhi, Nov 24: Come 1 January 2019, some debit or credit cards may not function. According to an old directive issued by the Reserve Bank of India (RBI), the cards with magnetic strip need to be replaced with the EMV chip, PINbased ones by ... ...

Top news: Six militants killed in encounter in Kashmir's Anantnag district

3 weeks ago

Supreme Court gives Trinamool MLA two weeks to show that UIDAI wants to enable state surveillance. The Supreme Court on Thursday gave Trinamool Congress MLA Mahua Moitra two weeks to substantiate her claim that the Unique Identification Authority ... ...

Centre Not Seeking Top Bank's Reserves, Says S Gurumurthy Amid RBI Crisis

4 weeks ago

NEW DELHI: Calling the government's standoff with the RBI a part of India's thinking ecosystem which depends on American ideas, RBI board member S Gurumurthy on Thursday said the government was not asking for central bank's surplus reserves but only ... ...

RBI should aid lending to small businesses: Gurumurthy

4 weeks ago

New Delhi: There was a strong case for the Reserve Bank of India (RBI) to take steps to improve banks' lending capacity by easing regulations as small and medium enterprises (MSMEs), the lifeline of the economy, were starved of funds, said Swaminathan ... ...

Banking system needs to ensure liquidity in market, says Arun Jaitley

1 month ago

Finance Minister (FM) Arun Jaitley on Sunday called for an enabling environment to improve the credit ability of banks and provide liquidity to the market, at a time when the government has suggested a slew of measures from the Reserve Bank of India ... ...

Is RBI really being strict with banks under PCA?

1 month ago

Mumbai: One of the criticisms the Reserve Bank of India has faced lately is that it's being too stringent in applying the prompt corrective action (PCA) framework for banks. This has hurt the flow of credit to the economy, critics say. But a Mint 'RBI, government should find a middle ground' ... ...

Pak central bank denies mass data breach, says only one bank 'compromised'

1 month ago

Pakistan's central bank on Tuesday denied media reports that there had been mass data breaches in its banking system, hours after a senior law enforcement official told local television "almost all" banks had been hit. The State Bank of Pakistan (SBP ... ...

Data of almost all Pakistani banks hacked: Report

1 month ago

ISLAMABAD: In a major security breach, data of most of the banks operating in Pakistan has been hacked, a media report said Tuesday quoting a senior cyber crime official. The disclosure comes days after around 10 banks blocked all international ... ...

Blood banks in state directed to conduct Zika screening of donors

2 months ago

Jaipur: With 72 cases of Zika already having been reported in the city, there are higher chances of transfusion of infected blood through blood transfusion. Blood banks across the city and adjoining districts have been directed to conduct screening of 72 Zika cases detected in Jaipur; Centre asks stat ... ...

Banks turned wary of NBFCs months before IL&FS defaults

2 months ago

Indian banks seem to have turned wary of nonbanking financial companies (NBFC) months before doubts on their liquidity position began to scare investors. The adjoining chart shows that bank loans to NBFCs fell by ₹6,000 crore during AprilAugust. This IL&FS debt defaults: 'Financ ... ...

Govt may consider advancing recapitalisation programme of public sector banks

3 months ago

The Finance Ministry on September 26 said it would “examine” the capital demands raised by public sector banks including Punjab National Bank and Central Bank. “Government is examining demands raised by PSBs for the advancement of recapitalisation ... ...

PSBs for upfront govt capital infusion, relaxation in PCA norms

3 months ago

Public sector banks (PSBs) expect recovery of Rs 1.80 lakh crore out of their nonperforming assets (NPAs) in the current financial year, more than double of Rs 74,562 crore recovered in 201718, even as they pitched for relaxation in the RBI's Prompt ... ...

Govt starts consultation with states for mergers of regional rural banks

3 months ago

Mumbai: The government has also initiated consolidation of regional rural banks along with the public sector lenders and intends to bring down their number to 36 from the existing 56. In this regard, the Centre has begun consultations with states as ... ...

Opinion Debt market worries for the stock market

3 months ago

The financial sector dominated the Indian stock market l ... ...

'SBI not the right candidate to take over more banks'

3 months ago

New Delhi: The country's largest lender State Bank of India today said it is not in a position to acquire more banks at the moment as it needs 23 years to see gains from the consolidation effected last year. State Bank of India (SBI) had last year ... ...

Bank of BarodaVijaya BankDena Bank merger credit positive: Moody's

3 months ago

The proposed merger of Bank of Baroda, Vijaya Bank and Dena Bank is "credit positive" because the merger would provide scale efficiencies and help improve the quality of corporate governance, rating agency Moody's said. The merged bank would have a ... ...

Yes Bank – RBI acts tough, should investors worry?

3 months ago

The RBI's refusal to extend Yes Bank promoterCEO Rana Kapoor's tenure beyond January 2019 despite the bank's stellar financial performance, appears to confirm gloomy chatter about the numbers. Investors need to be cautious about the stock. A stellar ... ...

BoB, Dena, Vijaya Bank to merge; process completion may take 46 months

3 months ago

The central government on Monday proposed to create the country's thirdlargest bank by amalgamating Mumbaibased Dena Bank and Bengalurubased Vijaya Bank with much larger Bank of Baroda (BoB) in an allstock deal. The banks' boards are ... ...

Banks Nec

RBI says will cut SLR gradually to 18% by mid2019

Moody's says outlook on Indian banks stable as GDP growth looks healthy

These debit, credit cards won't be valid from January 1

Top news: Six militants killed in encounter in Kashmir's Anantnag district

Centre Not Seeking Top Bank's Reserves, Says S Gurumurthy Amid RBI Crisis

RBI should aid lending to small businesses: Gurumurthy

Banking system needs to ensure liquidity in market, says Arun Jaitley

Is RBI really being strict with banks under PCA?

Pak central bank denies mass data breach, says only one bank 'compromised'

Data of almost all Pakistani banks hacked: Report

Blood banks in state directed to conduct Zika screening of donors

Banks turned wary of NBFCs months before IL&FS defaults

Govt may consider advancing recapitalisation programme of public sector banks

PSBs for upfront govt capital infusion, relaxation in PCA norms

Govt starts consultation with states for mergers of regional rural banks

Opinion Debt market worries for the stock market

'SBI not the right candidate to take over more banks'

Bank of BarodaVijaya BankDena Bank merger credit positive: Moody's

Yes Bank – RBI acts tough, should investors worry?

BoB, Dena, Vijaya Bank to merge; process completion may take 46 months

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