Latest News on Banking System
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Banking System - Total results - 29
Sep 21, 2018
Hike in small savings rates: Govt may reduce market borrowing in second of FY18, says reportInterest rates for small savings schemes are notified on a quarterly basis.
Aug 30, 2018
RBI data on demonetisation: NDA's disruptive economic move has some hits, but main targets are missedIt does appear that demonetisation has brought back all the cash to the system meaning thereby that cash is still very important.
Jun 12, 2018
Reserve Bank of India releases draft norms to modify loan system in order to bring discipline among large borrowersThe Reserve Bank on Monday came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers
Jun 08, 2018
NPA crisis: Bankers brainstorm with finance minister Piyush Goyal on improving sector's heath, credit flowGoyal said the banks may also consider having an oversight company with retired judges or vigilance officers to advise on the health of the banks
Apr 18, 2018
ATMs run dry: Lessons learnt from demonetisation seem to be forgotten as cash becomes king againPeople fear that cash is safer at home than in banks and this is further fueled by the string of scams and frauds that have hit banks
Apr 17, 2018
Blockchain to have mixed implication on global banking system, says Moody's reportBlockchain technology has the potential reduce costs of cross-border transactions for banks. However, it could put pressure on their fees and commissions
Jan 22, 2018
Banks' gross NPAs may rise to Rs 9.5 lakh cr by March since last year: Assocham-Crisil studyWith banks expected to make higher provisioning over and above provisions made for stressed assets, they may sell assets at lower discounts, says report
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