PM urges banks to support wealth and job creators, work proactively to improve India's balance sheet
The prime minister also said that the recently set up National Asset Reconstruction Co (NARCL) would help resolve Rs 2 lakh crore of stressed assets
Lauding tech entrepreneurs, the RBI governor said the country has emerged as a top performer in the startup landscape, attracting billions of foreign capital
DICGC has also asked the banks to circulate consent forms to account holders for accessing funds up to Rs 5 lakh as per the amended law within 90 days
Western Union restarts money transfers to Afghanistan to ease financial burden on US-based Afghans' families
Remittances from Afghans living abroad are crucial for the impoverished country's economy and amounted to almost $789 billion last year, according to the World Bank.
Bitcoin: El Salvador embraces the cryptocurrency but not at the cost of US dollar
RBI says banks can't stop customers from dealing in virtual currencies, must not cite April 2018 order
A few banks in India have warned users that if they continue to deal in virtual currencies, their cards may be suspended.
The United Forum of Bank Unions, an umbrella body of nine unions, has called for the nationwide strike to protest against the proposed privatisation of two state-owned lenders
Stop banks from offering cashbacks on online purchases, CAIT demands in letter to Nirmala Sitharaman
The traders’ body called for immediate action to stop the practice and a thorough probe into why banks were extending discounts only on purchase from designated e-commerce portals
ICICI, HDFC Bank among others revise working hours; here is a list of new bank timings applicable across India during lockdown
To ensure the safety of staff and customers, banks across the country have changed timings
With incremental bank lending making up the bulk of the government's nearly Rs 21 lakh crore stimulus package, lenders face significant asset quality challenges which can increase their dud loan ratios by up to 6 percentage points over the next two years, warns a report
Banks need to push digital plans now; pandemic an opportunity to revive products, services: Former RBI deputy governor
Asserting that data confidentiality and infrastructural challenges are critical in the banking industry, Khan said many banks lack common shared repositories and databases, which have now become important.
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
Markets regulator SEBI on Tuesday gave relaxation to listed banks and insurance companies for publishing consolidated financial results for June quarter in the wake of coronavirus pandemic
Coronavirus Outbreak: RBI governor Shaktikanta Das meets NBFCs, MFs sector; reviews liquidity situation
Operations of NBFCs have commenced from Monday as the government eased restrictions for the lockdown.
Coronavirus Outbreak: RBI grants more time to banks to file regulatory returns with delay of up to 30 days
RBI further said "no extension" in timeline is permitted for submission of statutory returns like returns related to CRR/SLR.
Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes
As spooked investors called for a government intervention and debt mutual funds saw record withdrawals, traditional bank deposits have gained.
Coronavirus Outbreak: Banks have done nothing to help retailers to tide over lockdown crisis, says industry body
Banks have done "sweet nothing" to provide financing to retailers to tide over the lockdown crisis, and the government intervention is needed to avoid mass unemployment in the sector, according to RAI
Investors' wealth plunges by Rs 2 lakh cr to Rs 121.74 lakh cr as stock markets snapped a two-day rally
Investor wealth on Friday fell by Rs 2,00,006.26 crore as markets snapped a two-day rally, with the BSE benchmark tumbling 536 points
Finance, bank stocks tumble up to 17.8% after Franklin Templeton MF suddenly closed 6 debt fund schemes
Finance and bank stocks tumbled up to 17.8 percent on Friday after Franklin Templeton MF suddenly closed some debt fund schemes
As feared by the industry and money market watchers, the first auction under the version two of the targeted long-term repo operations (TLTRO 2.0) on Thursday received a muted response from banks as the Reserve Bank received only a little over 50 percent bids for the Rs 25,000 crore on offer