Changes in banking regulation law aimed at improving governance in cooperative banks: FM
Moving the Banking Regulation (Amendment) Bill, 2020 in the Lok Sabha, Sitharaman said the government was compelled to come out with an ordinance during the lockdown period as the condition of the cooperative banks was "grave".
State Bank of India planning to monetise its integrated digital banking platform YONO
The country's largest bank may soon carve out the digi...
Reserve Bank of India looks to sort out e-KYC matter for non-bank lenders
The government has been hesitant to give non-banks entities the access to the Unique Identification Authority of India’s (UIDAI) database following the complaints of misuse of it
HDFC Bank looks to increase number of banking correspondents to 25,000 by March
The bank is looking at its tie-up with the government's common services centres (CSCs) to expand its BC network.
Shift towards digital banking is permanent: SBI Chairman, Rajnish Kumar
"Progressively, we are seeing that there has been a shift away from branches and even from ATMs. The number of transactions on ATMs have come down from 55 to 29 per 100. On the other hand, the digital transactions, which are on mobile and internet banking, have gone to 55 out of 100 transactions," Kumar said at the Global Business Summit.
India Ratings revises banking sector outlook to negative
“The spike in stressed assets due to pandemic is expected to double the credit costs for banking system than estimated pre-COVID-19 levels for FY21,” India ratings said.
Co-operative Banks now under RBI's ambit, Banking Regulation (Amendment) Bill, 2020 passed in Lok Sabha
In a bid to protect the interest of depositors, the Lok Sabha on Wednesday passed an amendment to the Banking Regulation Act to bring cooper...
India's fraud-hit PMC Bank asked other major banks for a merger, says administrator
Authorities started investigating Punjab and Maharashtra Co-operative Bank (PMC) for fraud last year and the Reserve Bank of India (RBI) took control of it after detecting financial irregularities.
RBI, government in right direction to keep economy moving: Axis Bank CEO
Talking about reforms in the financial sector, Chaudhry said the functioning of public sector banks has not changed even after consolidation or reduction in government holding, and they still have to carry the government agenda.
Punjab and Maharashtra Co-operative Bank gets a new administrator
PMC was placed under RBI directions on September 23, 2019, after its NPAs rose sharply due to loans given to real estate company HDIL and its promoters the Wadhawan's with accounting for it in the bank's book.
Rajya Sabha passes The Banking Regulation (Amendment) Bill, 2020
New Delhi: Parliament on Tuesday passed amendments to the Banking Regulation Act to bring cooperative banks under the supervision of the RBI...
Indian Parliament passes bill to bring cooperative banks under RBI's supervision
The Banking Regulation (Amendment) Bill, 2020, which replaces an ordinance that was promulgated on June 26, was passed by a voice vote in Rajya Sabha. The amendment had got approval from Lok Sabha on September 16.
Banks not risk averse, they are being prudent: SBI chairman Rajnish Kumar
"If the capex (capital expenditure) is not happening and investment in the economy is not happening at the same pace, then obviously this is a demand issue and the risk aversion would be where there is a demand and banks are not lending," he said at a virtual event organised by AIMA.
HDFC Bank denies charges by US law firm; to defend vigorously in lawsuit
Rosen Legal last week filed the class-action suit seeking damages for the losses incurred by investors because of alleged "materially false and misleading" representations by HDFC Bank.