Latest News on Banking System
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Banking System - Total results - 35
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.
Dec 14, 2017
Remove 'bail-in' clause in FRDI Bill as deposits only way of saving money for elderly, pensioners: AssochamAssocham Secretary General D S Rawat says bail-in concept especially for depositors should be completely done away with
Dec 13, 2017
Your money is safe in banks, rumours being spread about deposits, says Narendra Modi on FRDINarendra Modi says with FRDI Bill, government was trying to strengthen banking system by policy initiatives on a daily basis
Dec 08, 2017
GDP growth likely to accelerate to 7.5% in 2018 from 6.4% this year, says Morgan Stanley reportThe global brokerage is confident about prospects for a recovery in private capital spending as demand conditions are improving post demonetisation and GST implementation.
Nov 27, 2017
Bitcoins, cryptocurrencies: New age money threaten control of banking system, money supplyThe global cryptocurrency market is worth $245 billion which is tiny compared to the trillion dollar plus balance sheets of the Bank of Japan, the US Federal Reserve or the ECB.
Aug 19, 2017
RBI chief Urjit Patel calls for re-capitalisation of nationalised banks to tackle deteriorating NPAsReserve Bank of India (RBI) Governor Urjit Patel on Saturday called for recapitalisation of state-run banks to help them resolve the NPAs issue in a time-bond manner as bad loans at 9.6 percent of the system is not acceptable.