The most common among fraudsters is to promote a deposit scheme in an informal way among communities where people are looking for a plan to park savings.
The draft amendments has proposed raising the CAR to 15% in a staggered manner by March 2022, while suggested a higher cap on borrowing.
The states, which announced debt waivers as a mechanism to address farmer distress, saw impacts on farm loan delivery in various degrees, according to the RBI data released on March 3.
The Mumbai-based lender has also opened the door to immediate retirees for share purchase under ESPS.
The loan – christened Special Canara Budget Scheme -- is priced at 8.7% per year.
Allahabad Bank on Wednesday reduced borrowing rates, just a day after the central bank eased operational curbs on the state-owned lender.
Allahabad Bank, which exited the prompt correction action-based restrictions Monday, has reduced its marginal cost-based lending rate by 10 basis points across maturities effective March 1.
These banks will now be “subject to certain conditions and continuous monitoring”.
The updated proposal for officers means bipartite negotiation will now cover 3.76 lakh officers, which is 99.27% of total officers in public sector banks.
Das, however, argued that India needs softer rates to push growth.
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