Banking Industry

Govt appoints Hemant Bhargava as interim chairman of LIC; initiates process to select regular chairman

Bhargava was appointed as the managing director (MD) of LIC in February 2017, the insurer said in a statement.

Finance ministry urges Reserve Bank of India to take steps to ease liquidity in the system, tackle credit crunch

The RBI could explore buying more bonds from the open market and open a special window for mutual funds to inject liquidity

RBI to keep auditors on a tight leash: Would PNB scam have transpired if regulator learnt lessons from 2009’s Satyam fraud?

Why did the RBI wait for a series of bank scams to transpire before coming up with the idea of tighter auditor supervision?

Majority union in SBI gains membership after associate banks' merger

It is nothing new for the union to add members in large numbers nor does it pose any challenge.

Banks Should Focus More On Privacy, Card Security And BCP

Vinayak Godse, Director- Data Protection, DSCI sharing the DSCI-KPMG Banking Survey 2010 findings said that although banks are doing enough, privacy, card security and BCP needs more attention.

Amid falling loan, deposit base, BoB's total business takes Rs 90,000-cr hit in FY16

Total business of the bank declined to Rs 9,57,808 crore at the end of March 2016 compared with Rs 10,45,625 crore a year ago

Wilful defaulters accounts at 5,610, NPAs Rs 5.39 lakh cr, says bank staff union

In nationalised banks, a total of 3,192 accounts were those of wilful defaulters, who owe a sum of Rs 28,775 crore.

How the year 2015 transformed the idea of ‘banking’ for you and me

In August, RBI) issued in-principle approvals for 11 entities to set up payments banks and followed this up with the issuance of ten more licences for small finance banks in September

RBI extends bank's spl forex window till Dec 31 with riders

After getting a good response to the double forex swap windows aimed to shore up forex buffer and prop up the rupee, the RBI today allowed banks to utilise the special window till December 31 to borrow forex against their core capital but with riders.

Bank of India celebrates early Diwali: Net profit doubles to Rs 622 cr

Bank of India today said net profit doubled to Rs 622 crore in the quarter to September, helped by higher growth in net interest income and other income. The bank had posted a profit of Rs 301.85 crore a year earlier.<br /><br />