RBI delays new bad loan rules for non-banks
The RBI has extended the roll-out of new bad loan norms for non-banking finance companies (NBFCs) by six months. The
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banks
RBI slaps fines on 5 banks totalling Rs 6.35 lakh for violating directions
The Reserve Bank of India imposed penalties totalling Rs 6.35 lakh against five banks for violating certain directions issued by
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Reserve Bank paper proposes new investment category for banks
The Reserve Bank of India proposed a new investment category for banks-fair value through profit and loss (FVTPL) account-as part
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RBI asks NBFCs to enable Core Fin Services Solution akin to that in banks
The Reserve Bank of India (RBI) said non-banking finance companies (NBFCs) in the upper and middle layer, with ten or
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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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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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