Bankers

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Bankers - Total results - 43
Bankers welcome economic package announced by govt, say will encourage lending to MSMEs
Business

Bankers welcome economic package announced by govt, say will encourage lending to MSMEs

The various initiatives announced by the government on Wednesday to support micro, small and medium enterprises (MSMEs) will encourage banks to lend more to the sector, bankers said

IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans
Business

IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans

Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow.

Coronavirus Outbreak: Bankers welcome Reserve Bank's steps to enhance liquidity
Business

Coronavirus Outbreak: Bankers welcome Reserve Bank's steps to enhance liquidity

The second set of measures announced by RBI for the COVID-19 pandemic-stricken economy got a thumbs-up from bankers who welcomed the steps taken as per the evolving market conditions

Coronavirus Outbreak: No dearth of cash, prepared to meet any demand during nationwide lockdown, say bankers
Business

Coronavirus Outbreak: No dearth of cash, prepared to meet any demand during nationwide lockdown, say bankers

Banks have enough cash to meet any demand in view of nationwide lockdown and Direct Benefit Transfer (DBT) commitments under Rs 1.7 lakh crore Pradhan Mantri Garib Kalyan Yojana package

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers
Business

India needs to double credit growth to 15% to achieve $5 trillion economy target by FY25: Bankers

The country needs to double credit growth to 15 percent to become a $5 trillion economy by 2024-25, say bankers

RBI monetary policy: Bankers, analysts hail liquidity boosting policy measures; say its 'quite progressive and forward looking'
Business

RBI monetary policy: Bankers, analysts hail liquidity boosting policy measures; say its 'quite progressive and forward looking'

Bankers and analysts were positively surprised with the slew of liquidity-enabling measures announced in an otherwise expected RBI monetary policy that left the key rates unchanged at 5.15 percent

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar
Business

Public sector banks' merger to act as building block for $5 trillion economy target, says Finance Secretary Rajiv Kumar

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders

RBI governor Shaktikanta Das asks bankers why they aren't cutting lending rates
Business

RBI governor Shaktikanta Das asks bankers why they aren't cutting lending rates

Reserve Bank governor Shaktikanta Das on Thursday met bankers and discussed the delay in policy rates cuts to lending rates reductions

Supreme Court verdict on IBC: Indian banks’ fight against bad loans has just got a thumbs-up from judiciary
Business

Supreme Court verdict on IBC: Indian banks’ fight against bad loans has just got a thumbs-up from judiciary

The intent and purpose behind the enactment of the IBC was to pave the way for expeditious resolution of the burgeoning pile of non-performing assets in the financial sector.

Bad loans issue: Raghuram Rajan called by Parliamentary panel to brief on mounting NPAs
Business

Bad loans issue: Raghuram Rajan called by Parliamentary panel to brief on mounting NPAs

The banking sector is grappling rising NPAs which touched Rs 8.99 trillion or 10.11 percent of the total advances at December-end 2017.

Bankers should tap into opportunities in highways sector, says Nitin Gadkari
Business

Bankers should tap into opportunities in highways sector, says Nitin Gadkari

Bankers will be updated with the pick up in projects in highways sector and would listen to their problems.

Financial sector honchos hail Moody's sovereign rating upgrade for India
Business

Financial sector honchos hail Moody's sovereign rating upgrade for India

Moody's Investors Service on Friday raised India's sovereign rating for the first time in 13 years, saying growth prospects have improved with continued progress on economic and institutional reforms.

Demonetisation: Bankers say move was good for them as it brought in more deposits, boosted digitisation
Business

Demonetisation: Bankers say move was good for them as it brought in more deposits, boosted digitisation

On November 8 last year, the Modi government demonetised Rs 500 and Rs 1,000 notes as part of its drive against black money, counterfeit notes and corruptionnetisation was good for them as it resulted in higher deposits and pushed digitisation at a faster pace

Toshiba's memory chip unit under pressure to opt for plan B and find a new buyer
News & Analysis

Toshiba's memory chip unit under pressure to opt for plan B and find a new buyer

Toshiba board is being asked seriously consider alternatives, people with direct knowledge of the sale process said - including picking a new buyer.

CVC monitoring CBI probe in top bank frauds including Mallya; says honest bankers need have no fear
Business

CVC monitoring CBI probe in top bank frauds including Mallya; says honest bankers need have no fear

The CVC is supervising CBI's probe in 10 top bank fraud cases, including one involving fugitive businessman Vijay Mallya.

Excessive alcohol, caffeine holding journalists back, but work makes them resilient, says study
Life

Excessive alcohol, caffeine holding journalists back, but work makes them resilient, says study

Journalists' excessive consumption of alcohol and caffeine leads their brains to function below par, but the love for their job protects their mental resilience, MIT scientists claim.

In cashless push, Budget may cut free ATM withdrawal to just 3 a month
Business

In cashless push, Budget may cut free ATM withdrawal to just 3 a month

Bankers made this proposal in their pre-budget proposal with the finance ministry

New York Governor Andrew Cuomo issues cyber security regulations for banks and insurers
News & Analysis

New York Governor Andrew Cuomo issues cyber security regulations for banks and insurers

New York Governor Andrew Cuomo on Tuesday issued long-anticipated proposed cyber security regulations for banks and insurers in the state, the first of their kind in the United States by any state or federal agency, the governor said in a statement.

Chidambaram responds to Modi: How can 6.6% growing economy during UPA be termed in shambles
Business

Chidambaram responds to Modi: How can 6.6% growing economy during UPA be termed in shambles

Reacting to the PM’s comment that upon taking charge he had called a meeting of top bankers to assure non-interference, Chidambaram said if the banks were in a bad shape, it was not because of political interference.

Bankers feel RBI's new norms may hit large infrastructure projects
Business

Bankers feel RBI's new norms may hit large infrastructure projects

SBI MD (compliance & risks) PK Gupta said for large infrastructure projects ability to raise funds from market before completion could get restricted due to reasons like not having credit rating