Latest News on Banking System
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Banking System - Total results - 40
Feb 25, 2018
Nirav Modi scams PNB: The prime minister and his govt must put an end to this ‘Gujarat model’ of financial manipulationJeweller Nirav Modi joins a list of smart young Gujarati men — including Harshad Mehta, Hiten Dalal, Jatin Mehta and Ketan Parekh — who have in the last few years easily taken thousands of crores each from Indian banks
Feb 23, 2018
Rot in PSBs Part 4: RBI’s inability to regulate and supervise banks shows it’s time for a super financial regulatorSEBI failed to act against Gitanjali Gems for stock price manipulation while RBI could not detect the fraud at PNB, but better coordination between the two regulators may have helped
Feb 16, 2018
PNB fraud: Banks will have to be equipped with better risk management tools as NPAs pile-upFraud typology is roughly the same across countries. But where India is probably way behind is in the preparedness of banks in fraud risk management.
Feb 13, 2018
RBI may cut key lending rate by 25 bps in August policy review as inflation in January peaks off: BofAMLBofAML expect RBI MPC to look through the jump in inflation to 5.4 percent in April-June, as it is driven by base effects
Jan 22, 2018
Banks' gross NPAs may rise to Rs 9.5 lakh cr by March since last year: Assocham-Crisil studyWith banks expected to make higher provisioning over and above provisions made for stressed assets, they may sell assets at lower discounts, says report
Jan 16, 2018
Book review: How PSU banks were in denial mode on NPAs and how RBI cushioned impact of 2008 economic crisisIn June last year, the RBI referred 12 accounts, totalling about 25 percent of the gross NPAs, for resolution under the new Insolvency and Bankruptcy Code
Jan 05, 2018
Under pressure from govt, SBI may further cut Rs 3,000 monthly balance requirement; introduce quarterly ruleEarlier, SBI had fixed Rs 5,000 as MAB limit for metro city customers, Rs 3,000 for urban, Rs 2,000 for semi-urban and Rs 1,000 for rural customers.
Jan 04, 2018
Soon, you will get new Rs 200 notes in ATMs as RBI asks banks to recalibrate cash machinesThe sole purpose of supplying Rs 200 notes through ATMs is to ensure more number of lower denomination currency in citizens' hands
Dec 27, 2017
RBI may go in for 25 bps rate cut in April to signal lower lending rate regime, says BofAML reportRBI in its fifth bi-monthly review of this fiscal had kept repo rate unchanged at 6 percent and reverse repo at 5.75 percent
Dec 15, 2017
FRDI Bill: Deposit holders have always faced a certain level of risk, but that is how banking system worksOnly logical way to assess issue of deposits is to see if depositors are going to be worse off with FRDI Bill in picture.