Public Sector Banks
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IBPS Clerk Application 2021: Registrations to restart from 7 October, check details at ibps.in
Trendingdesk •The pre-exam training for the IBPS Clerk Exam 2021 will be held in November this year, with the call letters being issued in the same month.
DICGC asks 21 stressed cooperative banks to prepare list of account holders
•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
Banks to remain shut for public dealing from 27 March to 4 April; check calendar here
Trendingdesk •In Patna, services will also remain shut on 30 March as bank employees get a two-day Holi break in the city
Finance ministry allows all private sector banks to participate in government-related businesses
•This step is expected to further enhance customer convenience, spur competition and raise efficiency in customer services, a ministry statement said
Centre lifts embargo on grant of government business to private banks, says Nirmala Sitharaman
•Private banks can now be equal partners in the development of the Indian economy, the Union finance minister added
Union Budget 2021: Banks should not escape cost incurred by system due to bad loans
Raghav Pandey •The key to the efficient functioning of a bad bank is that it should never be looked at as a funding institution where bad loans are routinely transferred
Narendra Modi's Rs 20 lakh crore stimulus blends shrewd geo-economics with Swadeshi-coated booster, but it may not be a panacea for jobs growth
Narayanan Madhavan •While global investors with their view from a London or New York may look at India as a long-term alternative to China, the Modi government's own close relations with Japan may provide leverage.
Coronavirus Lockdown: Economy needs support from PSBs, says Union Bank chief Rajkiran Rai G
•The country's economy, which has been hit by the COVID-19 outbreak, needs support from the public sector banks (PSBs) to boost credit growth, an official said on Friday
Forced lending to cripple banks; NPAs to soar by up to 600 bps in 2 years: Fitch Ratings
•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
Nirmala Sitharaman to meet PSU bank chiefs on Friday; to review credit flow to prop up virus-hit economy
•The meeting with PSU bank chiefs was earlier scheduled on 11 May, but due to the stimulus package announcements, it was deferred,