Central Bank of India Q3 profit at Rs 155 crore
Total standalone income grew 15 per cent to Rs 7,278 crore from Rs 6,329 crore in the same period last year.
Gold ETFs hit 7-year high and it's not just coronavirus
The latest influx into bullion-backed ETFs follows four straight years of inflows, and comes as prices trade near the highest since 2013.
Government directs banks to address pending disciplinary cases
The government has directed banks to set up panels to monitor progress of pending internal vigilance cases.
Share market update: PSU bank shares slip; J & K Bank down 2%
The Nifty PSU Bank index was trading 0.15 per cent down at 2387.65 .
Share market update: PSU bank shares jump; Canara Bank gains 2%
The Nifty PSU Bank index was trading 1.07 per cent up at 2395.9 .
For US Fed, 'material reassessment' may be in eye of beholder
What will convince individual policymakers varies widely.
Bank panels to monitor probe progress
Finance minister Nirmala Sitharaman sent a strong message to banks to lend without fear of the ‘three Cs’ at a meeting last month. The ‘three Cs’ refer to the CBI, Comptroller and Auditor General of India and the CVC. Sitharaman also assured bankers that a distinction would be made between genuine commercial failure and deliberate wrongdoing.
RBI imposes Rs 1 crore penalty on HDFC Bank
The RBI had issued a notice to the bank to show cause as to why penalty should not be imposed for non-compliance with the direction. After considering the reply received from the bank and oral submissions made in the personal hearing, the RBI came to the conclusion that imposition of monetary penalty was warranted, the release said.
Bid to boost farm credit: Regional Rural Banks may get fresh capital
Rs 10,000-15,000 crore may be provided to the banks over a span of five years.
Central banks wake up to digital currency, create new framework with WEF
The framework is to help central banks evaluate, design and potential deploy digital currency.
Why we should be concerned about states' fiscal health
Despite a significant increase in central allocation, the fiscal situation of states is a cause for concern.
Stocks in the news: YES Bank, Bajaj Finance, ITI, TCS, DHFL and Tata Power
The RBI-appointed administrators of DHFL have invited bids from interested parties, which are keen to own the company’s assets.
Budget 2020: Govt may infuse fresh capital into regional rural banks
The size of the capital infusion could be in the range of Rs 10,000-15,000 crore, which would be spread over a span of five years. Capital infusion in RRBs assumes importance as the government is finding ways to boost credit to the farm sector.
Governor Shaktikanta Das sets broader financial stability as the central bank's immediate policy-making priority
He said that the focus on price stability as the sole objective of monetary policy has been questioned after the global financial crisis, underscoring the need for adopting a flexible inflation target to achieve macro-financial stability. “In this milieu, financial stability has emerged as another key consideration for monetary policy."
Welcome to ‘peak decade,’ from globalization to central banks
Ian Bremmer, founder of Eurasia Group, describes this year as a “tipping point.”
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