Commercial Banks

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Commercial Banks - Total results - 16
RBI proposes new norms for classification, valuation of banks' investment portfolio
India

RBI proposes new norms for classification, valuation of banks' investment portfolio

The new norms propose to bridge the gap between the existing guidelines and global standards and practices with regards to classification, valuation and operations of the investment portfolio of commercial banks

Indians switch to bank deposits as concerns grow over debt funds; Templeton's announcement sees heavy inflows into bank schemes
Business

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: RBI bans banks, cooperatives from paying dividends
Business

Coronavirus Outbreak: RBI bans banks, cooperatives from paying dividends

The Reserve Bank on Friday debarred all commercial and cooperative banks from paying dividends to shareholders and promoter groups as the regulator fears the Covid-driven economic shocks would continue longer and may put the health of the financial system at risk

Could climate change be responsible for the next financial crisis? Yes, says a new report
Business

Could climate change be responsible for the next financial crisis? Yes, says a new report

Banks spent last decade pulling out their economies from 2008 financial crisis, might spend next decade dealing with climate change.

PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?
Business

PMC crisis shows depositors are sitting ducks if their bank goes bust; why shouldn’t savers get cover for full amount?

The deposit insurance guarantee scheme was set up in 1961 to ensure depositors are guaranteed at least some amount in the event of a bank collapse

RBI rebuts social media rumours on closure of 9 banks, says no commercial banks to be shut
Business

RBI rebuts social media rumours on closure of 9 banks, says no commercial banks to be shut

Rebutting social media rumours swiftly, the Reserve Bank of India on Wednesday said no commercial banks are going to be shut

Linking of retail, MSME loans with external benchmark: Consumer is the loser in tug of war between RBI, banks for fairness in pricing
Business

Linking of retail, MSME loans with external benchmark: Consumer is the loser in tug of war between RBI, banks for fairness in pricing

In the past, the RBI has tried several methodologies/internal benchmarking systems to bring in transparency and make banks listen to its rate cues.

Govt exempts shadow lenders from debenture reserve requirements; move to increase availability of money for lending
Business

Govt exempts shadow lenders from debenture reserve requirements; move to increase availability of money for lending

The move will create more of a level-playing field between shadow lenders and commercial banks which are already exempt from maintaining such reserves, the government said.

Half a century of bank nationalisation: Indira Gandhi’s historic blunder or India’s biggest bank reform?
Business

Half a century of bank nationalisation: Indira Gandhi’s historic blunder or India’s biggest bank reform?

Around 14 banks were nationalised on 1 July, 1969 which was followed up with six more a decade later, in 1980

Supreme Court verdict on IBC: Indian banks’ fight against bad loans has just got a thumbs-up from judiciary
Business

Supreme Court verdict on IBC: Indian banks’ fight against bad loans has just got a thumbs-up from judiciary

The intent and purpose behind the enactment of the IBC was to pave the way for expeditious resolution of the burgeoning pile of non-performing assets in the financial sector.

MPC likely to hold repo rate on Wednesday on higher inflation, rising oil prices and strong GDP data
Business

MPC likely to hold repo rate on Wednesday on higher inflation, rising oil prices and strong GDP data

MPC had earlier, in August reduced the repo, or its repurchase rate by 0.25 percentage points to six percent.

Corporate bond transactions see 9% jump to Rs 3.7 lakh crore in Apr-Jul period
Business

Corporate bond transactions see 9% jump to Rs 3.7 lakh crore in Apr-Jul period

Dealings worth Rs 3.40 lakh crore in corporate bonds were reported on the two bourses during April-July 2015 period

Mergers within commercial banks should be focused and strategic: RBI deputy governor
Business

Mergers within commercial banks should be focused and strategic: RBI deputy governor

S S Mundra, speaking at a business school in Mumbai, warned that merging a weak bank with a strong bank might weaken the stronger lender

Jan Dhan: Smaller banks better suited for job; Modi should have waited
Politics

Jan Dhan: Smaller banks better suited for job; Modi should have waited

the average cost for banks opening Jan Dhan accounts and maintaining them with benefits will be Rs 140 per account as against the earlier estimated Rs80.

Why govt may shift cash holdings from RBI to commercial banks
Economy

Why govt may shift cash holdings from RBI to commercial banks

Government had Rs 1,00,000 crore held at the Reserve Bank of India at the end of last month, outside of circulation, and roughly twice the amount normally held there as it cut back spending in order to contain its fiscal deficit.

Cloud Enables Farmers Harvest Modern Banking
Biztech

Cloud Enables Farmers Harvest Modern Banking

Prakash Bakshi, Chairman, NABARD, explains how cloud computing equips co-operative banks to provide modern banking services at par with commercial banks.