Banks’ share of gold imports drop to 19% in 2020
Banks’ share of gold imports have shrunk to 19 per cent in 2020 against 40 per cent in 2017 as
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banks
China to cut reserve ratio for banks
China’s central bank said it would cut the amount of cash that banks must hold in reserve, its second such
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RBI in silence over corporate entry in banks
The Reserve Bank of India has kept in abeyance the entry of industrial houses into full fledged commercial banking even
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Banks see sharp rise in bad loan recoveries in Q2
ICICI Bank, Axis Bank, State Bank of India and Punjab National Bank (PNB) have all reported a sharp rise in
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2,118 branches of 10 government banks closed or merged in last fiscal
According to an RTI reply, as many as 2,118 branches of 10 public sector banks have either been shut down
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PSB Alliance: Public sector banks form new company to provide doorstep banking services
In a big push for doorstep banking, the public sector banks (PSBs) have come together and joined forces to create
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WB banks to offer select services with 50% staff
The banks in West Bengal will now perform only some limited activities for the prevailing the rising COVID-19 situation as
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RBI caps terms for MDs, CEOs at private banks
RBI has recently capped the tenure of Chief Executive Officers (CEOs), Managing Directors (MDs) and Whole-Time Directors (WTDs) of private
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Banks, NBFCs will have to appoint auditors for continuous 3-year period: RBI
RBi has recently issued guidelines for appointment of statutory auditors for banks, and Non Banking Financial Companies (NBFCs), including housing
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Banks asked to curb work hours from 10 a.m. to 2 p.m.
Faced with the unabated rise in COVID-19 infections as the second wave, the Indian Banks’ Association (IBA) has advised the
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