Govt to set up unified regulator for IFSCs; bill to be introduced in Lok Sabha after withdrawal from Rajya Sabha
Currently, the banking, capital markets and insurance sectors in IFSC are regulated by multiple regulators—the RBI, SEBI, IRDAI
At a time when growth is slowing, productivity gains are fading and digital pressures are on the rise, the banking sector should urgently consider radical measures to strengthen profitability and boost returns, says a report
Govt’s stringent commitment to low inflation hurting farm sector, says Nobel laureate Abhijit Banerjee
Abhijit Banerjee said disinvestment is not long-term solution for bridging fiscal deficit.
With 'uncertainty' about Lakshmi Vilas Bank deal over now, it is business as usual with more agility, says Indiabulls MD Banga
Entering the banking space would have given IBHFL access to cheap deposits and saved it from regular crises like being faced by the shadow banks now
Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report
As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.
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
GDP falls to 5%: Urgent economic reforms needed, but Centre's attention fixed on Ayodhya, Assam and Kashmir
Unless very high growth is revived, India’s journey towards eliminating poverty and dependence will halt.
Government announces plan to merge 10 PSBs to 4 to gain size: Eight questions on big bank merger exercise
Isn’t the consolidation plan going against the policy of Reserve Bank of India and government’s own idea to give more bank licenses to increase competition
GDP growth slips to 5%: There may be more bad news coming before things get better; economy must be sole focus now
India could have been on a stronger wicket if the first Narendra Modi government had not missed several opportunities to strengthen the economy (this is not to take away from the few reforms it did undertake).
DHFL, India’s fourth-biggest housing finance company, has roughly 1 trillion rupees ($14.15 billion) of debt
Fake 500 rupee notes up 121%, Rs 2,000 currency notes 21.9% in 2018-19; decline in counterfeit Rs 100 notes: RBI
Of the Rs 200 denomination note, which was introduced in August 2017, as many as 12,728 counterfeit notes were detected
RBI's annual report confirms pain of economic slowdown may linger for a while; ball is in government’s court now
The Reserve Bank of India’s annual report categorically makes it clear that reviving growth is the highest priority for policymakers at this juncture.
RBI Governor Shaktikanta Das wants banks to link loan, deposit rates to repo: Will common man get a fair deal finally?
Time and again the RBI has expressed its displeasure over lack of proper monetary policy transmission in the banking system
FinMin asks PSBs to seek ideas from branches for achieving $5 trillion economy; to prepare roadmap for banking sector
It will be a bottom-up consultative process with PSBs from the branch level onwards of which will involve discussions at the branch or regional level, state level and national level.
Finance Ministry asks public sector banks to seek ideas from branches for achieving $5-trillion economy
The finance ministry has asked public sector banks (PSBs) to initiate a month-long consultation process with officers starting from branch level to seek suggestions for achieving a $5-trillion economy in five years
Banks provide a certain number of free transactions at ATMs to their customers and beyond that impose charges
The meeting has been postponed due to Nirmala Sitharaman's pre-occupation in Parliament, sources said
DBS India back in black, posts Rs 14.5 cr net profit in FY19; to expand operations through 'phygital' model
DBS is among the first to convert itself into a subsidiary in March 2019 and the largest wholly-owned subsidiary among the foreign banks in the country.
Bank NPAs: Despite continuing write-offs, decline in NPAs after a long gap is good news for industry
A part of the reason why NPAs must have shown a decline could be technical write-offs of NPAs