Banking Industry News
Why digital literacy is a critical gateway towards financial inclusion
The data revolution disrupted the financial sector in an unexpected way and paved the way for a more practical, accountable and effectual system
Banks are averse to conducting e-surveillance; strong measures needed to maintain security standards: Experts
In August 2018, the RBI had issued a circular advising banks to do a central monitoring system.
DHFL resolution plan: Crisis-hit firm says working with creditors, stakeholders to avoid haircuts
DHFL’s results and commentary on its financial health are the latest sign of growing stress in the country's finance sectors
Gender pay gap still high in India, women earn 19% less than men; IT sector shows pay gap of 26%: Survey
According to the latest Monster Salary Index (MSI), the current gender pay gap in India stood at 19 percent where men earned Rs 46.19 more in comparison to women.
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.
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 />
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.