Commercial Banks

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

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

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

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?

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

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

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

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.

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

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